BELMONA: what changed
Two fiscal 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.
BELMONA
Largest movements
- Cash -€12,008
down €12,008 (-34.3%), from €35,023 to €23,015
mainly Other debts (-€19,236) and Tax, wage and social debts (-€1,250)
- Stocks and contracts -€4,260
down €4,260 (-31.4%), from €13,574 to €9,314
- Other debts -€19,236
down €19,236 (-73.3%), from €26,236 to €7,000
- Profit (loss) carried forward +€4,540
up €4,540, from -€1,705 to €2,835
- Tax, wage and social debts -€1,250
down €1,250 (-27.9%), from €4,476 to €3,226
- Turnover -€53,907
down €53,907 (-55.9%), from €96,360 to €42,453
- Purchases and services -€44,116
down €44,116 (-54.8%), from €80,511 to €36,396
- Gross operating margin -€9,791
down €9,791 (-61.8%), from €15,848 to €6,057
- Other operating charges -€3,011
down €3,011 (-67.9%), from €4,436 to €1,425
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 | €49,186 | €33,214 | -€15,972 | -32.5% |
| Current assets | 29/58 | €49,186 | €33,214 | -€15,972 | -32.5% |
| Stocks and contracts in progress | 3 | €13,574 | €9,314 | -€4,260 | -31.4% |
| Stocks | 30/36 | €13,574 | €9,314 | -€4,260 | -31.4% |
| Amounts receivable within one year | 40/41 | €588 | €884 | +€296 | +50.4% |
| Trade receivables | 40 | €588 | €884 | +€296 | +50.4% |
| Cash at bank and in hand | 54/58 | €35,023 | €23,015 | -€12,008 | -34.3% |
| Total equity and liabilities | 10/49 | €49,186 | €33,214 | -€15,972 | -32.5% |
| Equity | 10/15 | €16,972 | €21,512 | +€4,540 | +26.7% |
| Contributions | 10/11 | €18,677 | €18,677 | = | 0.0% |
| Outside capital | 11 | €18,677 | €18,677 | = | 0.0% |
| Other | 1109/19 | €18,677 | €18,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,705 | €2,835 | +€4,540 | |
| Amounts payable | 17/49 | €32,214 | €11,702 | -€20,512 | -63.7% |
| Amounts payable within one year | 42/48 | €32,214 | €11,702 | -€20,512 | -63.7% |
| Trade debts | 44 | €1,501 | €1,476 | -€25 | -1.7% |
| Suppliers | 440/4 | €1,501 | €1,476 | -€25 | -1.7% |
| Taxes, remuneration and social security | 45 | €4,476 | €3,226 | -€1,250 | -27.9% |
| Taxes | 450/3 | €4,476 | €3,226 | -€1,250 | -27.9% |
| Other amounts payable | 47/48 | €26,236 | €7,000 | -€19,236 | -73.3% |
| Turnover | 70 | €96,360 | €42,453 | -€53,907 | -55.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €80,511 | €36,396 | -€44,116 | -54.8% |
| Other operating charges | 640/8 | €4,436 | €1,425 | -€3,011 | -67.9% |
| Gross operating margin | 9900 | €15,848 | €6,057 | -€9,791 | -61.8% |
| Operating profit (loss) | 9901 | €11,412 | €4,632 | -€6,780 | -59.4% |
| Financial charges | 65/66B | €181 | €92 | -€89 | -49.1% |
| Recurring financial charges | 65 | €181 | €92 | -€89 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €11,231 | €4,540 | -€6,691 | -59.6% |
| Profit (loss) for the period | 9904 | €11,231 | €4,540 | -€6,691 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,231 | €4,540 | -€6,691 | -59.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.