BELKISS: 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.
BELKISS
Largest movements
- Receivables within one year +€8,429
up €8,429 (+27.7%), from €30,388 to €38,817
of which Other amounts receivable: +€7,360
- Cash -€7,607
down €7,607 (-48.7%), from €15,607 to €7,999
mainly Receivables within one year (-€8,429) and Other debts (-€1,197)
- Stocks and contracts +€794
up €794 (+10.4%), from €7,654 to €8,448
- Profit (loss) carried forward +€2,928
up €2,928 (+10.1%), from €29,097 to €32,025
- Other debts -€1,197
no longer reported in 2025 (was €1,197)
- Tax, wage and social debts -€751
down €751 (-22.3%), from €3,371 to €2,620
of which Remuneration and social security: -€743
- Turnover -€149,065
no longer reported in 2025 (was €149,065)
- Purchases and services -€134,076
no longer reported in 2025 (was €134,076)
- Gross operating margin +€3,432
up €3,432 (+20.8%), from €16,529 to €19,960
- Staff costs +€2,331
up €2,331 (+24.8%), from €9,411 to €11,742
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 | €53,766 | €55,265 | +€1,498 | +2.8% |
| Current assets | 29/58 | €53,766 | €55,265 | +€1,498 | +2.8% |
| Stocks and contracts in progress | 3 | €7,654 | €8,448 | +€794 | +10.4% |
| Stocks | 30/36 | €7,654 | €8,448 | +€794 | +10.4% |
| Amounts receivable within one year | 40/41 | €30,388 | €38,817 | +€8,429 | +27.7% |
| Trade receivables | 40 | €28,842 | €29,910 | +€1,068 | +3.7% |
| Other amounts receivable | 41 | €1,547 | €8,907 | +€7,360 | +476% |
| Cash at bank and in hand | 54/58 | €15,607 | €7,999 | -€7,607 | -48.7% |
| Deferred charges and accrued income | 490/1 | €117 | - | -€117 | |
| Total equity and liabilities | 10/49 | €53,766 | €55,265 | +€1,498 | +2.8% |
| Equity | 10/15 | €47,697 | €50,625 | +€2,928 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,097 | €32,025 | +€2,928 | +10.1% |
| Provisions and deferred taxes | 16 | €1,502 | €2,012 | +€510 | +34.0% |
| Provisions for liabilities and charges | 160/5 | €1,502 | €2,012 | +€510 | +34.0% |
| Other liabilities and charges | 164/5 | €1,502 | €2,012 | +€510 | +34.0% |
| Amounts payable | 17/49 | €4,567 | €2,628 | -€1,940 | -42.5% |
| Amounts payable within one year | 42/48 | €4,567 | €2,620 | -€1,948 | -42.6% |
| Taxes, remuneration and social security | 45 | €3,371 | €2,620 | -€751 | -22.3% |
| Taxes | 450/3 | €2,627 | €2,620 | -€8 | -0.3% |
| Remuneration and social security | 454/9 | €743 | - | -€743 | |
| Other amounts payable | 47/48 | €1,197 | - | -€1,197 | |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Turnover | 70 | €149,065 | - | -€149,065 | |
| Non-recurring operating income | 76A | €1,520 | - | -€1,520 | |
| Goods, raw materials, services and sundry goods | 60/61 | €134,076 | - | -€134,076 | |
| Remuneration, social security and pensions | 62 | €9,411 | €11,742 | +€2,331 | +24.8% |
| Other operating charges | 640/8 | €2,203 | €3,068 | +€865 | +39.2% |
| Non-recurring operating charges | 66A | - | €1,241 | +€1,241 | |
| Gross operating margin | 9900 | €16,529 | €19,960 | +€3,432 | +20.8% |
| Operating profit (loss) | 9901 | €4,914 | €3,910 | -€1,004 | -20.4% |
| Financial income | 75/76B | €329 | €455 | +€126 | +38.2% |
| Recurring financial income | 75 | €329 | €455 | +€126 | +38.2% |
| Financial charges | 65/66B | €1,559 | €214 | -€1,345 | -86.3% |
| Recurring financial charges | 65 | €836 | €214 | -€621 | -74.4% |
| Non-recurring financial charges | 66B | €724 | - | -€724 | |
| Profit (loss) for the period before taxes | 9903 | €3,684 | €4,151 | +€467 | +12.7% |
| Income taxes | 67/77 | €1,373 | €1,223 | -€150 | -10.9% |
| Profit (loss) for the period | 9904 | €2,311 | €2,928 | +€617 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,311 | €2,928 | +€617 | +26.7% |
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 30 October 2026 via checked.be.