BELMO Consulting: 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.
BELMO Consulting
Largest movements
- Cash +€40,807
up €40,807 (+50.1%), from €81,377 to €122,184
mainly Net result for the year (+€83,582) and Current investments (+€20,000)
- Deferred charges and accrued income +€21,935
up €21,935 (+1971.5%), from €1,113 to €23,047
- Current investments -€20,000
down €20,000 (-6.6%), from €304,950 to €284,950
- Profit (loss) carried forward +€68,582
up €68,582 (+20.6%), from €332,727 to €401,309
- Tax, wage and social debts -€29,862
down €29,862 (-43.6%), from €68,529 to €38,667
- Gross operating margin -€7,210
down €7,210 (-6.6%), from €109,732 to €102,522
- Taxes -€4,007
down €4,007 (-15.9%), from €25,278 to €21,271
- Financial income -€1,822
down €1,822 (-16.8%), from €10,847 to €9,024
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.
Cash bridge derived
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 | €416,913 | €454,983 | +€38,070 | +9.1% |
| Fixed assets | 21/28 | €13,635 | €9,162 | -€4,473 | -32.8% |
| Tangible fixed assets | 22/27 | €13,635 | €9,162 | -€4,473 | -32.8% |
| Plant, machinery and equipment | 23 | €12,946 | €8,777 | -€4,168 | -32.2% |
| Furniture and vehicles | 24 | €689 | €384 | -€305 | -44.2% |
| Current assets | 29/58 | €403,278 | €445,821 | +€42,543 | +10.5% |
| Amounts receivable within one year | 40/41 | €15,838 | €15,640 | -€198 | -1.2% |
| Trade receivables | 40 | €15,838 | €15,640 | -€198 | -1.2% |
| Current investments | 50/53 | €304,950 | €284,950 | -€20,000 | -6.6% |
| Cash at bank and in hand | 54/58 | €81,377 | €122,184 | +€40,807 | +50.1% |
| Deferred charges and accrued income | 490/1 | €1,113 | €23,047 | +€21,935 | +1971.5% |
| Total equity and liabilities | 10/49 | €416,913 | €454,983 | +€38,070 | +9.1% |
| Equity | 10/15 | €342,727 | €411,309 | +€68,582 | +20.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €332,727 | €401,309 | +€68,582 | +20.6% |
| Amounts payable | 17/49 | €74,186 | €43,674 | -€30,512 | -41.1% |
| Amounts payable within one year | 42/48 | €71,170 | €41,035 | -€30,136 | -42.3% |
| Trade debts | 44 | €1,806 | €1,539 | -€267 | -14.8% |
| Suppliers | 440/4 | €1,806 | €1,539 | -€267 | -14.8% |
| Taxes, remuneration and social security | 45 | €68,529 | €38,667 | -€29,862 | -43.6% |
| Taxes | 450/3 | €68,529 | €38,667 | -€29,862 | -43.6% |
| Other amounts payable | 47/48 | €835 | €829 | -€6 | -0.8% |
| Accrued charges and deferred income | 492/3 | €3,016 | €2,639 | -€376 | -12.5% |
| Non-recurring operating income | 76A | - | €2,506 | +€2,506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,532 | €5,573 | +€41 | +0.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €109,732 | €102,522 | -€7,210 | -6.6% |
| Operating profit (loss) | 9901 | €103,813 | €96,550 | -€7,263 | -7.0% |
| Financial income | 75/76B | €10,847 | €9,024 | -€1,822 | -16.8% |
| Recurring financial income | 75 | €10,847 | €9,024 | -€1,822 | -16.8% |
| Financial charges | 65/66B | €214 | €721 | +€507 | +236.8% |
| Recurring financial charges | 65 | €214 | €721 | +€507 | +236.8% |
| Profit (loss) for the period before taxes | 9903 | €114,445 | €104,852 | -€9,592 | -8.4% |
| Income taxes | 67/77 | €25,278 | €21,271 | -€4,007 | -15.9% |
| Profit (loss) for the period | 9904 | €89,167 | €83,582 | -€5,585 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,167 | €83,582 | -€5,585 | -6.3% |
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 11 October 2026 via checked.be.