Belmia: 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.
Belmia
Largest movements
- Receivables within one year +€17,178
up €17,178 (+28.6%), from €60,075 to €77,253
of which Other amounts receivable: +€20,362
- Tangible fixed assets +€11,129
up €11,129 (+192%), from €5,792 to €16,921
- Other debts +€18,000
up €18,000 (+180%), from €10,000 to €28,000
- Tax, wage and social debts +€6,213
up €6,213 (+41.1%), from €15,118 to €21,331
- Short-term financial debts +€5,769
up €5,769 (+2,410%), from €239 to €6,008
- Reserves -€1,926
down €1,926 (-5.1%), from €38,062 to €36,136
- Gross operating margin +€14,948
up €14,948 (+62.3%), from €24,009 to €38,957
- Taxes +€3,475
up €3,475 (+67.9%), from €5,117 to €8,592
- Depreciation +€2,735
up €2,735 (+141%), from €1,936 to €4,672
- Financial income +€1,533
up €1,533 (+153%), from €1,002 to €2,535
- Financial charges +€1,042
up €1,042 (+344%), from €303 to €1,345
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 | €70,660 | €98,329 | +€27,669 | +39.2% |
| Fixed assets | 21/28 | €5,792 | €16,921 | +€11,129 | +192% |
| Tangible fixed assets | 22/27 | €5,792 | €16,921 | +€11,129 | +192% |
| Furniture and vehicles | 24 | €5,792 | €16,921 | +€11,129 | +192% |
| Current assets | 29/58 | €64,868 | €81,407 | +€16,540 | +25.5% |
| Amounts receivable within one year | 40/41 | €60,075 | €77,253 | +€17,178 | +28.6% |
| Trade receivables | 40 | €32,186 | €29,002 | -€3,184 | -9.9% |
| Other amounts receivable | 41 | €27,889 | €48,251 | +€20,362 | +73.0% |
| Cash at bank and in hand | 54/58 | €565 | - | -€565 | |
| Deferred charges and accrued income | 490/1 | €4,227 | €4,154 | -€73 | -1.7% |
| Total equity and liabilities | 10/49 | €70,660 | €98,329 | +€27,669 | +39.2% |
| Equity | 10/15 | €44,562 | €42,636 | -€1,926 | -4.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €38,062 | €36,136 | -€1,926 | -5.1% |
| Distributable reserves | 133 | €38,062 | €36,136 | -€1,926 | -5.1% |
| Amounts payable | 17/49 | €26,098 | €55,693 | +€29,595 | +113% |
| Amounts payable within one year | 42/48 | €26,098 | €55,567 | +€29,469 | +113% |
| Financial debts | 43 | €239 | €6,008 | +€5,769 | +2,410% |
| Credit institutions | 430/8 | €239 | €6,008 | +€5,769 | +2,410% |
| Trade debts | 44 | €740 | €228 | -€513 | -69.3% |
| Suppliers | 440/4 | €740 | €228 | -€513 | -69.3% |
| Taxes, remuneration and social security | 45 | €15,118 | €21,331 | +€6,213 | +41.1% |
| Taxes | 450/3 | €15,118 | €21,331 | +€6,213 | +41.1% |
| Other amounts payable | 47/48 | €10,000 | €28,000 | +€18,000 | +180% |
| Accrued charges and deferred income | 492/3 | - | €126 | +€126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,936 | €4,672 | +€2,735 | +141% |
| Other operating charges | 640/8 | €700 | €809 | +€110 | +15.7% |
| Gross operating margin | 9900 | €24,009 | €38,957 | +€14,948 | +62.3% |
| Operating profit (loss) | 9901 | €21,373 | €33,476 | +€12,103 | +56.6% |
| Financial income | 75/76B | €1,002 | €2,535 | +€1,533 | +153% |
| Recurring financial income | 75 | €1,002 | €2,535 | +€1,533 | +153% |
| Financial charges | 65/66B | €303 | €1,345 | +€1,042 | +344% |
| Recurring financial charges | 65 | €303 | €1,345 | +€1,042 | +344% |
| Profit (loss) for the period before taxes | 9903 | €22,072 | €34,666 | +€12,594 | +57.1% |
| Income taxes | 67/77 | €5,117 | €8,592 | +€3,475 | +67.9% |
| Profit (loss) for the period | 9904 | €16,955 | €26,074 | +€9,119 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,955 | €26,074 | +€9,119 | +53.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.