BELMARK: 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.
BELMARK
Largest movements
- Receivables within one year -€3,866
down €3,866 (-27.6%), from €14,013 to €10,147
of which Trade receivables: -€3,929
- Cash -€2,509
down €2,509 (-92.4%), from €2,716 to €207
mainly Trade debts (-€3,237) and Net result for the year (-€2,519)
- Trade debts -€3,237
down €3,237 (-13.1%), from €24,802 to €21,564
- Profit (loss) carried forward -€2,519
down €2,519 (-36.1%), from -€6,982 to -€9,501
- Gross operating margin -€2,593
down €2,593, from €618 to -€1,975
- Financial charges -€57
down €57 (-70.3%), from €81 to €24
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 | €64,758 | €58,382 | -€6,375 | -9.8% |
| Current assets | 29/58 | €64,758 | €58,382 | -€6,375 | -9.8% |
| Stocks and contracts in progress | 3 | €48,029 | €48,029 | = | 0.0% |
| Stocks | 30/36 | €48,029 | €48,029 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,013 | €10,147 | -€3,866 | -27.6% |
| Trade receivables | 40 | €14,013 | €10,084 | -€3,929 | -28.0% |
| Other amounts receivable | 41 | - | €63 | +€63 | |
| Cash at bank and in hand | 54/58 | €2,716 | €207 | -€2,509 | -92.4% |
| Total equity and liabilities | 10/49 | €64,758 | €58,382 | -€6,375 | -9.8% |
| Equity | 10/15 | €13,350 | €10,830 | -€2,519 | -18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,732 | €1,732 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,732 | €1,732 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,732 | €1,732 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,982 | -€9,501 | -€2,519 | -36.1% |
| Amounts payable | 17/49 | €51,408 | €47,552 | -€3,856 | -7.5% |
| Amounts payable within one year | 42/48 | €51,408 | €47,552 | -€3,856 | -7.5% |
| Trade debts | 44 | €24,802 | €21,564 | -€3,237 | -13.1% |
| Suppliers | 440/4 | €24,802 | €21,564 | -€3,237 | -13.1% |
| Taxes, remuneration and social security | 45 | €619 | - | -€619 | |
| Taxes | 450/3 | €619 | - | -€619 | |
| Other amounts payable | 47/48 | €25,988 | €25,988 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €618 | -€1,975 | -€2,593 | |
| Operating profit (loss) | 9901 | €113 | -€2,495 | -€2,608 | |
| Financial charges | 65/66B | €81 | €24 | -€57 | -70.3% |
| Recurring financial charges | 65 | €81 | €24 | -€57 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | €31 | -€2,519 | -€2,550 | |
| Profit (loss) for the period | 9904 | €31 | -€2,519 | -€2,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €31 | -€2,519 | -€2,550 |
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.