Belores 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.
Belores Consulting
Largest movements
- Current investments +€9,349
new in 2025: €9,349
- Cash -€3,380
down €3,380 (-26.0%), from €13,012 to €9,633
mainly Current investments (-€9,349) and Other debts (-€3,721)
- Tangible fixed assets -€304
down €304 (-45.0%), from €675 to €371
- Reserves +€8,197
up €8,197 (+410%), from €2,001 to €10,198
- Other debts -€3,721
down €3,721 (-80.3%), from €4,636 to €914
- Tax, wage and social debts +€1,051
up €1,051 (+10.0%), from €10,510 to €11,561
- Gross operating margin +€4,157
up €4,157 (+39.2%), from €10,594 to €14,751
- Financial charges +€2,476
up €2,476 (+1,683%), from €147 to €2,623
- Taxes +€884
up €884 (+34.8%), from €2,543 to €3,428
- Other operating charges +€380
up €380 (+229%), from €166 to €546
- Financial income +€347
new in 2025: €347
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 | €22,887 | €28,533 | +€5,646 | +24.7% |
| Fixed assets | 21/28 | €675 | €371 | -€304 | -45.0% |
| Tangible fixed assets | 22/27 | €675 | €371 | -€304 | -45.0% |
| Furniture and vehicles | 24 | €675 | €371 | -€304 | -45.0% |
| Current assets | 29/58 | €22,212 | €28,162 | +€5,950 | +26.8% |
| Amounts receivable within one year | 40/41 | €9,101 | €9,075 | -€26 | -0.3% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Other amounts receivable | 41 | €26 | €0 | -€26 | -100% |
| Current investments | 50/53 | - | €9,349 | +€9,349 | |
| Cash at bank and in hand | 54/58 | €13,012 | €9,633 | -€3,380 | -26.0% |
| Deferred charges and accrued income | 490/1 | €98 | €105 | +€7 | +6.8% |
| Total equity and liabilities | 10/49 | €22,887 | €28,533 | +€5,646 | +24.7% |
| Equity | 10/15 | €7,001 | €15,198 | +€8,197 | +117% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,001 | €10,198 | +€8,197 | +410% |
| Distributable reserves | 133 | €2,001 | €10,198 | +€8,197 | +410% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,886 | €13,335 | -€2,551 | -16.1% |
| Amounts payable within one year | 42/48 | €15,886 | €13,335 | -€2,551 | -16.1% |
| Financial debts | 43 | €20 | €0 | -€20 | -100% |
| Credit institutions | 430/8 | €20 | €0 | -€20 | -100% |
| Trade debts | 44 | €721 | €860 | +€139 | +19.3% |
| Suppliers | 440/4 | €721 | €860 | +€139 | +19.3% |
| Taxes, remuneration and social security | 45 | €10,510 | €11,561 | +€1,051 | +10.0% |
| Taxes | 450/3 | €10,510 | €11,561 | +€1,051 | +10.0% |
| Other amounts payable | 47/48 | €4,636 | €914 | -€3,721 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236 | €304 | +€67 | +28.5% |
| Other operating charges | 640/8 | €166 | €546 | +€380 | +229% |
| Gross operating margin | 9900 | €10,594 | €14,751 | +€4,157 | +39.2% |
| Operating profit (loss) | 9901 | €10,191 | €13,901 | +€3,709 | +36.4% |
| Financial income | 75/76B | - | €347 | +€347 | |
| Recurring financial income | 75 | - | €347 | +€347 | |
| Financial charges | 65/66B | €147 | €2,623 | +€2,476 | +1,683% |
| Recurring financial charges | 65 | €147 | €2,623 | +€2,476 | +1,683% |
| Profit (loss) for the period before taxes | 9903 | €10,044 | €11,625 | +€1,581 | +15.7% |
| Income taxes | 67/77 | €2,543 | €3,428 | +€884 | +34.8% |
| Profit (loss) for the period | 9904 | €7,501 | €8,197 | +€696 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,501 | €8,197 | +€696 | +9.3% |
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 30 October 2026 via checked.be.