BELOUS SMART SOLUTIONS: 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.
BELOUS SMART SOLUTIONS
Largest movements
- Cash +€25,033
up €25,033 (+394%), from €6,347 to €31,380
mainly Other debts (+€26,849) and Net result for the year (+€22,148)
- Other debts +€26,849
up €26,849 (+76.0%), from €35,316 to €62,165
- Reserves -€26,773
no longer reported in 2025 (was €26,773)
- Profit (loss) carried forward +€22,148
up €22,148 (+118%), from €18,832 to €40,980
- Tax, wage and social debts +€6,868
up €6,868 (+117%), from €5,881 to €12,748
- Debts after one year -€6,061
down €6,061 (-3.8%), from €159,328 to €153,268
- Gross operating margin +€15,983
up €15,983 (+53.0%), from €30,144 to €46,127
- Depreciation +€3,945
up €3,945 (+89.9%), from €4,390 to €8,335
- Financial charges +€2,940
up €2,940 (+83.3%), from €3,529 to €6,468
- Other operating charges +€1,131
up €1,131 (+383%), from €295 to €1,426
- Taxes +€507
up €507 (+7.0%), from €7,243 to €7,750
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 | €254,966 | €278,906 | +€23,940 | +9.4% |
| Fixed assets | 21/28 | €228,583 | €228,043 | -€541 | -0.2% |
| Tangible fixed assets | 22/27 | €224,413 | €223,873 | -€541 | -0.2% |
| Land and buildings | 22 | €224,030 | €217,595 | -€6,436 | -2.9% |
| Furniture and vehicles | 24 | €383 | €6,278 | +€5,895 | +1,540% |
| Financial fixed assets | 28 | €4,170 | €4,170 | = | 0.0% |
| Current assets | 29/58 | €26,382 | €50,863 | +€24,481 | +92.8% |
| Amounts receivable within one year | 40/41 | €17,525 | €19,420 | +€1,895 | +10.8% |
| Trade receivables | 40 | €12,149 | €9,256 | -€2,894 | -23.8% |
| Other amounts receivable | 41 | €5,376 | €10,165 | +€4,788 | +89.1% |
| Cash at bank and in hand | 54/58 | €6,347 | €31,380 | +€25,033 | +394% |
| Deferred charges and accrued income | 490/1 | €2,509 | €63 | -€2,446 | -97.5% |
| Total equity and liabilities | 10/49 | €254,966 | €278,906 | +€23,940 | +9.4% |
| Equity | 10/15 | €48,605 | €43,980 | -€4,625 | -9.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,773 | - | -€26,773 | |
| Distributable reserves | 133 | €26,773 | - | -€26,773 | |
| Profit (loss) carried forward | 14 | €18,832 | €40,980 | +€22,148 | +118% |
| Amounts payable | 17/49 | €206,361 | €234,926 | +€28,566 | +13.8% |
| Amounts payable after more than one year | 17 | €159,328 | €153,268 | -€6,061 | -3.8% |
| Financial debts | 170/4 | €159,328 | €153,268 | -€6,061 | -3.8% |
| Amounts payable within one year | 42/48 | €47,033 | €81,659 | +€34,626 | +73.6% |
| Current portion of amounts payable after more than one year | 42 | €5,836 | €6,061 | +€225 | +3.9% |
| Trade debts | 44 | €0 | €685 | +€685 | |
| Suppliers | 440/4 | €0 | €685 | +€685 | |
| Taxes, remuneration and social security | 45 | €5,881 | €12,748 | +€6,868 | +117% |
| Taxes | 450/3 | €5,881 | €12,748 | +€6,868 | +117% |
| Other amounts payable | 47/48 | €35,316 | €62,165 | +€26,849 | +76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,390 | €8,335 | +€3,945 | +89.9% |
| Other operating charges | 640/8 | €295 | €1,426 | +€1,131 | +383% |
| Gross operating margin | 9900 | €30,144 | €46,127 | +€15,983 | +53.0% |
| Operating profit (loss) | 9901 | €25,460 | €36,367 | +€10,907 | +42.8% |
| Financial charges | 65/66B | €3,529 | €6,468 | +€2,940 | +83.3% |
| Recurring financial charges | 65 | €3,529 | €6,468 | +€2,940 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | €21,931 | €29,898 | +€7,967 | +36.3% |
| Income taxes | 67/77 | €7,243 | €7,750 | +€507 | +7.0% |
| Profit (loss) for the period | 9904 | €14,688 | €22,148 | +€7,460 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,688 | €22,148 | +€7,460 | +50.8% |
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.