BELODIM: 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.
BELODIM
Largest movements
- Tangible fixed assets -€39,233
down €39,233 (-2.7%), from €1.5m to €1.4m
of which Land and buildings: -€34,241
- Receivables within one year -€36,841
no longer reported in 2025 (was €36,841)
of which Trade receivables: -€31,703
- Debts after one year -€94,127
down €94,127 (-21.2%), from €443,977 to €349,850
of which Other amounts payable: -€110,000
- Other debts +€55,333
up €55,333 (+9744.2%), from €568 to €55,900
- Trade debts -€39,256
down €39,256 (-97.8%), from €40,127 to €871
- Profit (loss) carried forward +€21,925
up €21,925 (+2.3%), from €970,840 to €992,764
- Provisions -€17,697
no longer reported in 2025 (was €17,697)
- Staff costs -€24,983
down €24,983 (-51.1%), from €48,862 to €23,879
- Taxes +€7,841
up €7,841 (+88.3%), from €8,878 to €16,719
- Depreciation +€2,568
up €2,568 (+4.3%), from €59,761 to €62,329
- Gross operating margin -€2,498
down €2,498 (-1.5%), from €169,989 to €167,491
- Financial charges -€2,017
down €2,017 (-18.2%), from €11,104 to €9,088
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 | €1,552,042 | €1,478,273 | -€73,770 | -4.8% |
| Fixed assets | 21/28 | €1,452,957 | €1,413,496 | -€39,461 | -2.7% |
| Tangible fixed assets | 22/27 | €1,452,729 | €1,413,496 | -€39,233 | -2.7% |
| Land and buildings | 22 | €1,434,744 | €1,400,503 | -€34,241 | -2.4% |
| Plant, machinery and equipment | 23 | €11,033 | €7,648 | -€3,384 | -30.7% |
| Furniture and vehicles | 24 | €6,952 | €5,344 | -€1,608 | -23.1% |
| Financial fixed assets | 28 | €228 | €0 | -€228 | -100.0% |
| Current assets | 29/58 | €99,085 | €64,777 | -€34,308 | -34.6% |
| Amounts receivable within one year | 40/41 | €36,841 | - | -€36,841 | |
| Trade receivables | 40 | €31,703 | - | -€31,703 | |
| Other amounts receivable | 41 | €5,139 | - | -€5,139 | |
| Cash at bank and in hand | 54/58 | €60,039 | €63,750 | +€3,711 | +6.2% |
| Deferred charges and accrued income | 490/1 | €2,205 | €1,027 | -€1,178 | -53.4% |
| Total equity and liabilities | 10/49 | €1,552,042 | €1,478,273 | -€73,770 | -4.8% |
| Equity | 10/15 | €1,024,598 | €1,045,317 | +€20,720 | +2.0% |
| Contributions | 10/11 | €11,899 | €11,632 | -€267 | -2.2% |
| Reserves | 13 | €41,859 | €40,921 | -€938 | -2.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,818 | -€42 | -2.2% |
| Reserves not available under the articles | 1311 | €1,859 | €1,818 | -€42 | -2.2% |
| Distributable reserves | 133 | €40,000 | €39,103 | -€897 | -2.2% |
| Profit (loss) carried forward | 14 | €970,840 | €992,764 | +€21,925 | +2.3% |
| Provisions and deferred taxes | 16 | €17,697 | - | -€17,697 | |
| Provisions for liabilities and charges | 160/5 | €17,697 | - | -€17,697 | |
| Other liabilities and charges | 164/5 | €17,697 | - | -€17,697 | |
| Amounts payable | 17/49 | €509,748 | €432,955 | -€76,792 | -15.1% |
| Amounts payable after more than one year | 17 | €443,977 | €349,850 | -€94,127 | -21.2% |
| Financial debts | 170/4 | €333,977 | €349,850 | +€15,873 | +4.8% |
| Other amounts payable | 178/9 | €110,000 | - | -€110,000 | |
| Amounts payable within one year | 42/48 | €63,920 | €82,180 | +€18,259 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €17,410 | €17,663 | +€253 | +1.5% |
| Trade debts | 44 | €40,127 | €871 | -€39,256 | -97.8% |
| Suppliers | 440/4 | €40,127 | €871 | -€39,256 | -97.8% |
| Taxes, remuneration and social security | 45 | €5,816 | €7,745 | +€1,930 | +33.2% |
| Taxes | 450/3 | €680 | €7,745 | +€7,066 | +1039.8% |
| Remuneration and social security | 454/9 | €5,136 | - | -€5,136 | |
| Other amounts payable | 47/48 | €568 | €55,900 | +€55,333 | +9744.2% |
| Accrued charges and deferred income | 492/3 | €1,850 | €925 | -€925 | -50.0% |
| Remuneration, social security and pensions | 62 | €48,862 | €23,879 | -€24,983 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,761 | €62,329 | +€2,568 | +4.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€219 | - | +€219 | |
| Other operating charges | 640/8 | €10,057 | €10,339 | +€283 | +2.8% |
| Gross operating margin | 9900 | €169,989 | €167,491 | -€2,498 | -1.5% |
| Operating profit (loss) | 9901 | €51,528 | €70,943 | +€19,415 | +37.7% |
| Financial income | 75/76B | €2,172 | €484 | -€1,688 | -77.7% |
| Recurring financial income | 75 | €2,172 | €484 | -€1,688 | -77.7% |
| Financial charges | 65/66B | €11,104 | €9,088 | -€2,017 | -18.2% |
| Recurring financial charges | 65 | €11,104 | €9,088 | -€2,017 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €42,596 | €62,340 | +€19,744 | +46.4% |
| Income taxes | 67/77 | €8,878 | €16,719 | +€7,841 | +88.3% |
| Profit (loss) for the period | 9904 | €33,718 | €45,621 | +€11,903 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,718 | €45,621 | +€11,903 | +35.3% |
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 10 October 2026 via checked.be.