BELPLA: 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.
BELPLA
Largest movements
- Tangible fixed assets -€3,182
down €3,182 (-77.8%), from €4,091 to €909
- Receivables within one year +€2,590
up €2,590 (+10.0%), from €26,001 to €28,591
of which Trade receivables: +€4,814
- Cash -€694
down €694 (-10.0%), from €6,920 to €6,227
mainly Other debts (-€8,571) and Trade debts (-€5,489)
- Profit (loss) carried forward +€9,997
up €9,997 (+89.1%), from €11,214 to €21,211
- Other debts -€8,571
down €8,571 (-86.6%), from €9,901 to €1,329
- Trade debts -€5,489
down €5,489 (-53.0%), from €10,356 to €4,867
- Tax, wage and social debts +€2,503
up €2,503 (+51.0%), from €4,911 to €7,414
- Depreciation -€3,026
down €3,026 (-48.7%), from €6,209 to €3,182
- Gross operating margin +€2,186
up €2,186 (+11.7%), from €18,643 to €20,830
- Financial charges +€1,657
up €1,657 (+127.8%), from €1,297 to €2,954
- Taxes +€806
up €806 (+24.4%), from €3,304 to €4,110
- Other operating charges -€323
down €323 (-35.5%), from €910 to €587
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 | €37,382 | €35,821 | -€1,561 | -4.2% |
| Fixed assets | 21/28 | €4,091 | €909 | -€3,182 | -77.8% |
| Tangible fixed assets | 22/27 | €4,091 | €909 | -€3,182 | -77.8% |
| Furniture and vehicles | 24 | €4,091 | €909 | -€3,182 | -77.8% |
| Current assets | 29/58 | €33,291 | €34,912 | +€1,621 | +4.9% |
| Amounts receivable within one year | 40/41 | €26,001 | €28,591 | +€2,590 | +10.0% |
| Trade receivables | 40 | €21,876 | €26,690 | +€4,814 | +22.0% |
| Other amounts receivable | 41 | €4,125 | €1,901 | -€2,224 | -53.9% |
| Cash at bank and in hand | 54/58 | €6,920 | €6,227 | -€694 | -10.0% |
| Deferred charges and accrued income | 490/1 | €369 | €95 | -€275 | -74.4% |
| Total equity and liabilities | 10/49 | €37,382 | €35,821 | -€1,561 | -4.2% |
| Equity | 10/15 | €12,214 | €22,211 | +€9,997 | +81.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,214 | €21,211 | +€9,997 | +89.1% |
| Amounts payable | 17/49 | €25,167 | €13,610 | -€11,558 | -45.9% |
| Amounts payable within one year | 42/48 | €25,167 | €13,610 | -€11,558 | -45.9% |
| Trade debts | 44 | €10,356 | €4,867 | -€5,489 | -53.0% |
| Suppliers | 440/4 | €10,356 | €4,867 | -€5,489 | -53.0% |
| Taxes, remuneration and social security | 45 | €4,911 | €7,414 | +€2,503 | +51.0% |
| Taxes | 450/3 | €4,911 | €7,414 | +€2,503 | +51.0% |
| Other amounts payable | 47/48 | €9,901 | €1,329 | -€8,571 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,209 | €3,182 | -€3,026 | -48.7% |
| Other operating charges | 640/8 | €910 | €587 | -€323 | -35.5% |
| Gross operating margin | 9900 | €18,643 | €20,830 | +€2,186 | +11.7% |
| Operating profit (loss) | 9901 | €11,525 | €17,061 | +€5,536 | +48.0% |
| Financial charges | 65/66B | €1,297 | €2,954 | +€1,657 | +127.8% |
| Recurring financial charges | 65 | €1,297 | €2,954 | +€1,657 | +127.8% |
| Profit (loss) for the period before taxes | 9903 | €10,228 | €14,107 | +€3,879 | +37.9% |
| Income taxes | 67/77 | €3,304 | €4,110 | +€806 | +24.4% |
| Profit (loss) for the period | 9904 | €6,924 | €9,997 | +€3,073 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,924 | €9,997 | +€3,073 | +44.4% |
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.