BELMA PRO: 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.
BELMA PRO
Largest movements
- Receivables within one year +€146,363
up €146,363 (+457%), from €32,006 to €178,369
of which Trade receivables: +€147,431
- Tangible fixed assets +€27,728
up €27,728 (+2,347%), from €1,182 to €28,909
of which Furniture and vehicles: +€27,961
- Cash +€14,472
up €14,472 (+2,101%), from €689 to €15,160
mainly Trade debts (+€159,718) and Net result for the year (+€29,345)
- Trade debts +€159,718
up €159,718 (+1,733%), from €9,217 to €168,935
- Profit (loss) carried forward +€29,345
up €29,345 (+414%), from €7,089 to €36,435
- Other debts -€6,186
down €6,186 (-39.2%), from €15,779 to €9,593
- Tax, wage and social debts +€6,151
up €6,151 (+344%), from €1,791 to €7,942
- Turnover -€131,225
no longer reported in 2025 (was €131,225)
- Purchases and services -€121,538
no longer reported in 2025 (was €121,538)
- Gross operating margin +€34,934
up €34,934 (+361%), from €9,687 to €44,621
- Taxes +€6,151
up €6,151 (+344%), from €1,791 to €7,942
- Depreciation +€5,659
up €5,659 (+7,722%), from €73 to €5,732
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 | €33,876 | €222,905 | +€189,028 | +558% |
| Fixed assets | 21/28 | €1,182 | €28,909 | +€27,728 | +2,347% |
| Tangible fixed assets | 22/27 | €1,182 | €28,909 | +€27,728 | +2,347% |
| Plant, machinery and equipment | 23 | €626 | €393 | -€233 | -37.2% |
| Furniture and vehicles | 24 | €555 | €28,516 | +€27,961 | +5,035% |
| Current assets | 29/58 | €32,695 | €193,995 | +€161,301 | +493% |
| Amounts receivable within one year | 40/41 | €32,006 | €178,369 | +€146,363 | +457% |
| Trade receivables | 40 | €30,767 | €178,198 | +€147,431 | +479% |
| Other amounts receivable | 41 | €1,239 | €172 | -€1,067 | -86.2% |
| Cash at bank and in hand | 54/58 | €689 | €15,160 | +€14,472 | +2,101% |
| Deferred charges and accrued income | 490/1 | - | €466 | +€466 | |
| Total equity and liabilities | 10/49 | €33,876 | €222,905 | +€189,028 | +558% |
| Equity | 10/15 | €7,089 | €36,435 | +€29,345 | +414% |
| Profit (loss) carried forward | 14 | €7,089 | €36,435 | +€29,345 | +414% |
| Amounts payable | 17/49 | €26,787 | €186,470 | +€159,683 | +596% |
| Amounts payable within one year | 42/48 | €26,787 | €186,470 | +€159,683 | +596% |
| Trade debts | 44 | €9,217 | €168,935 | +€159,718 | +1,733% |
| Suppliers | 440/4 | €9,217 | €168,935 | +€159,718 | +1,733% |
| Taxes, remuneration and social security | 45 | €1,791 | €7,942 | +€6,151 | +344% |
| Taxes | 450/3 | €1,791 | €7,942 | +€6,151 | +344% |
| Other amounts payable | 47/48 | €15,779 | €9,593 | -€6,186 | -39.2% |
| Turnover | 70 | €131,225 | - | -€131,225 | |
| Goods, raw materials, services and sundry goods | 60/61 | €121,538 | - | -€121,538 | |
| Remuneration, social security and pensions | 62 | €386 | €425 | +€39 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73 | €5,732 | +€5,659 | +7,722% |
| Other operating charges | 640/8 | €330 | €1,107 | +€777 | +235% |
| Gross operating margin | 9900 | €9,687 | €44,621 | +€34,934 | +361% |
| Operating profit (loss) | 9901 | €8,898 | €37,357 | +€28,460 | +320% |
| Financial charges | 65/66B | €18 | €70 | +€52 | +296% |
| Recurring financial charges | 65 | €18 | €70 | +€52 | +296% |
| Profit (loss) for the period before taxes | 9903 | €8,880 | €37,288 | +€28,407 | +320% |
| Income taxes | 67/77 | €1,791 | €7,942 | +€6,151 | +344% |
| Profit (loss) for the period | 9904 | €7,089 | €29,345 | +€22,256 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €7,089 | €29,345 | +€22,256 | +314% |
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 13 October 2026 via checked.be.