Belmonte: 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.
Belmonte
Largest movements
- Cash +€230,585
up €230,585 (+60.2%), from €382,809 to €613,394
mainly Net result for the year (+€198,550) and Tax, wage and social debts (+€22,123)
- Tangible fixed assets -€14,131
down €14,131 (-61.2%), from €23,084 to €8,953
of which Furniture and vehicles: -€13,396
- Profit (loss) carried forward +€198,550
up €198,550 (+61.6%), from €322,325 to €520,874
- Tax, wage and social debts +€22,123
up €22,123 (+22.0%), from €100,619 to €122,742
- Financial income +€4,389
up €4,389 (+476.5%), from €921 to €5,310
- Gross operating margin -€4,283
down €4,283 (-1.6%), from €274,167 to €269,885
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 | €432,693 | €648,594 | +€215,901 | +49.9% |
| Fixed assets | 21/28 | €23,084 | €8,953 | -€14,131 | -61.2% |
| Tangible fixed assets | 22/27 | €23,084 | €8,953 | -€14,131 | -61.2% |
| Plant, machinery and equipment | 23 | - | €1,075 | +€1,075 | |
| Furniture and vehicles | 24 | €17,007 | €3,611 | -€13,396 | -78.8% |
| Other tangible fixed assets | 26 | €6,076 | €4,267 | -€1,809 | -29.8% |
| Current assets | 29/58 | €409,610 | €639,641 | +€230,031 | +56.2% |
| Amounts receivable within one year | 40/41 | €26,408 | €25,760 | -€648 | -2.5% |
| Trade receivables | 40 | €26,408 | €25,760 | -€648 | -2.5% |
| Cash at bank and in hand | 54/58 | €382,809 | €613,394 | +€230,585 | +60.2% |
| Deferred charges and accrued income | 490/1 | €393 | €488 | +€95 | +24.0% |
| Total equity and liabilities | 10/49 | €432,693 | €648,594 | +€215,901 | +49.9% |
| Equity | 10/15 | €324,825 | €523,374 | +€198,550 | +61.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €322,325 | €520,874 | +€198,550 | +61.6% |
| Amounts payable | 17/49 | €107,869 | €125,220 | +€17,351 | +16.1% |
| Amounts payable within one year | 42/48 | €107,803 | €125,153 | +€17,350 | +16.1% |
| Trade debts | 44 | €853 | €835 | -€17 | -2.1% |
| Suppliers | 440/4 | €853 | €835 | -€17 | -2.1% |
| Taxes, remuneration and social security | 45 | €100,619 | €122,742 | +€22,123 | +22.0% |
| Taxes | 450/3 | €100,619 | €122,742 | +€22,123 | +22.0% |
| Other amounts payable | 47/48 | €6,331 | €1,576 | -€4,755 | -75.1% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,387 | €15,287 | -€100 | -0.7% |
| Other operating charges | 640/8 | €738 | €905 | +€167 | +22.6% |
| Gross operating margin | 9900 | €274,167 | €269,885 | -€4,283 | -1.6% |
| Operating profit (loss) | 9901 | €258,042 | €253,693 | -€4,349 | -1.7% |
| Financial income | 75/76B | €921 | €5,310 | +€4,389 | +476.5% |
| Recurring financial income | 75 | €921 | €5,310 | +€4,389 | +476.5% |
| Financial charges | 65/66B | €52 | €63 | +€11 | +21.5% |
| Recurring financial charges | 65 | €52 | €63 | +€11 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €258,911 | €258,939 | +€28 | 0.0% |
| Income taxes | 67/77 | €60,405 | €60,390 | -€15 | 0.0% |
| Profit (loss) for the period | 9904 | €198,506 | €198,550 | +€43 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €198,506 | €198,550 | +€43 | 0.0% |
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 9 October 2026 via checked.be.