BELKA SOLUTION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BELKA SOLUTION
Largest movements
- Stocks and contracts +€5,950
new in 2025: €5,950
- Cash +€4,241
up €4,241 (+130%), from €3,256 to €7,497
mainly Other debts (+€6,093) and Net result for the year (+€3,145)
- Receivables within one year +€786
up €786 (+128%), from €614 to €1,400
of which Trade receivables: +€1,400
- Deferred charges and accrued income +€316
up €316 (+36.5%), from €866 to €1,182
- Other debts +€6,093
up €6,093 (+86.3%), from €7,057 to €13,149
- Profit (loss) carried forward +€3,145
up €3,145 (+94.7%), from -€3,321 to -€176
- Trade debts +€1,618
new in 2025: €1,618
- Tax, wage and social debts +€437
new in 2025: €437
- Gross operating margin +€6,714
up €6,714, from -€3,316 to €3,398
- Other operating charges +€150
new in 2025: €150
- Financial charges +€97
up €97 (+1,658%), from €6 to €103
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,735 | €16,029 | +€11,293 | +238% |
| Current assets | 29/58 | €4,735 | €16,029 | +€11,293 | +238% |
| Stocks and contracts in progress | 3 | - | €5,950 | +€5,950 | |
| Stocks | 30/36 | - | €5,950 | +€5,950 | |
| Amounts receivable within one year | 40/41 | €614 | €1,400 | +€786 | +128% |
| Trade receivables | 40 | - | €1,400 | +€1,400 | |
| Other amounts receivable | 41 | €614 | - | -€614 | |
| Cash at bank and in hand | 54/58 | €3,256 | €7,497 | +€4,241 | +130% |
| Deferred charges and accrued income | 490/1 | €866 | €1,182 | +€316 | +36.5% |
| Total equity and liabilities | 10/49 | €4,735 | €16,029 | +€11,293 | +238% |
| Equity | 10/15 | -€2,321 | €824 | +€3,145 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Contributions outside capital | 11 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | -€3,321 | -€176 | +€3,145 | +94.7% |
| Amounts payable | 17/49 | €7,057 | €15,204 | +€8,148 | +115% |
| Amounts payable within one year | 42/48 | €7,057 | €15,204 | +€8,148 | +115% |
| Trade debts | 44 | - | €1,618 | +€1,618 | |
| Suppliers | 440/4 | - | €1,618 | +€1,618 | |
| Taxes, remuneration and social security | 45 | - | €437 | +€437 | |
| Taxes | 450/3 | - | €437 | +€437 | |
| Other amounts payable | 47/48 | €7,057 | €13,149 | +€6,093 | +86.3% |
| Other operating charges | 640/8 | - | €150 | +€150 | |
| Gross operating margin | 9900 | -€3,316 | €3,398 | +€6,714 | |
| Operating profit (loss) | 9901 | -€3,316 | €3,248 | +€6,564 | |
| Financial charges | 65/66B | €6 | €103 | +€97 | +1,658% |
| Recurring financial charges | 65 | €6 | €103 | +€97 | +1,658% |
| Profit (loss) for the period before taxes | 9903 | -€3,321 | €3,145 | +€6,467 | |
| Profit (loss) for the period | 9904 | -€3,321 | €3,145 | +€6,467 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,321 | €3,145 | +€6,467 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.