BELMATECH: 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.
BELMATECH
Largest movements
- Receivables within one year -€20,306
down €20,306 (-7.7%), from €262,990 to €242,684
of which Other amounts receivable: -€25,488
- Cash +€20,080
up €20,080 (+1,788%), from €1,123 to €21,203
mainly Receivables within one year (+€20,306) and Trade debts (+€10,417)
- Intangible fixed assets +€14,347
new in 2025: €14,347
- Tangible fixed assets -€4,762
down €4,762 (-27.7%), from €17,209 to €12,448
of which Furniture and vehicles: -€4,609
- Trade debts +€10,417
up €10,417 (+15.7%), from €66,249 to €76,666
- Profit (loss) carried forward -€6,192
down €6,192 (-15.4%), from €40,268 to €34,076
- Other debts +€5,000
up €5,000 (+3.6%), from €139,000 to €144,000
- Financial income +€7,844
up €7,844 (+115%), from €6,815 to €14,658
- Gross operating margin -€1,861
down €1,861 (-16.4%), from -€11,376 to -€13,237
- Depreciation +€1,312
up €1,312 (+27.6%), from €4,762 to €6,074
- Other operating charges +€780
up €780 (+278%), from €281 to €1,061
- Financial charges +€188
up €188 (+64.5%), from €291 to €479
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 | €314,047 | €323,272 | +€9,225 | +2.9% |
| Fixed assets | 21/28 | €49,009 | €58,594 | +€9,585 | +19.6% |
| Intangible fixed assets | 21 | - | €14,347 | +€14,347 | |
| Tangible fixed assets | 22/27 | €17,209 | €12,448 | -€4,762 | -27.7% |
| Land and buildings | 22 | €1,278 | €1,126 | -€152 | -11.9% |
| Furniture and vehicles | 24 | €15,931 | €11,322 | -€4,609 | -28.9% |
| Financial fixed assets | 28 | €31,800 | €31,800 | = | 0.0% |
| Current assets | 29/58 | €265,038 | €264,678 | -€360 | -0.1% |
| Amounts receivable within one year | 40/41 | €262,990 | €242,684 | -€20,306 | -7.7% |
| Trade receivables | 40 | €26,136 | €31,318 | +€5,182 | +19.8% |
| Other amounts receivable | 41 | €236,854 | €211,366 | -€25,488 | -10.8% |
| Cash at bank and in hand | 54/58 | €1,123 | €21,203 | +€20,080 | +1,788% |
| Deferred charges and accrued income | 490/1 | €925 | €791 | -€134 | -14.5% |
| Total equity and liabilities | 10/49 | €314,047 | €323,272 | +€9,225 | +2.9% |
| Equity | 10/15 | €108,798 | €102,606 | -€6,192 | -5.7% |
| Contributions | 10/11 | €62,300 | €62,300 | = | 0.0% |
| Capital | 10 | €62,300 | €62,300 | = | 0.0% |
| Issued capital | 100 | €62,300 | €62,300 | = | 0.0% |
| Reserves | 13 | €6,230 | €6,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,230 | €6,230 | = | 0.0% |
| Legal reserve | 130 | €6,230 | €6,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,268 | €34,076 | -€6,192 | -15.4% |
| Amounts payable | 17/49 | €205,249 | €220,666 | +€15,417 | +7.5% |
| Amounts payable within one year | 42/48 | €205,249 | €220,666 | +€15,417 | +7.5% |
| Trade debts | 44 | €66,249 | €76,666 | +€10,417 | +15.7% |
| Suppliers | 440/4 | €66,249 | €76,666 | +€10,417 | +15.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €139,000 | €144,000 | +€5,000 | +3.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,762 | €6,074 | +€1,312 | +27.6% |
| Other operating charges | 640/8 | €281 | €1,061 | +€780 | +278% |
| Gross operating margin | 9900 | -€11,376 | -€13,237 | -€1,861 | -16.4% |
| Operating profit (loss) | 9901 | -€16,418 | -€20,371 | -€3,953 | -24.1% |
| Financial income | 75/76B | €6,815 | €14,658 | +€7,844 | +115% |
| Recurring financial income | 75 | €6,815 | €14,658 | +€7,844 | +115% |
| Financial charges | 65/66B | €291 | €479 | +€188 | +64.5% |
| Recurring financial charges | 65 | €291 | €479 | +€188 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,894 | -€6,192 | +€3,702 | +37.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,894 | -€6,192 | +€3,702 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,894 | -€6,192 | +€3,702 | +37.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.