Belrom: 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.
Belrom
Largest movements
- Tangible fixed assets +€12,680
up €12,680 (+78.6%), from €16,126 to €28,806
of which Other tangible fixed assets: +€14,246
- Receivables within one year -€7,163
down €7,163 (-49.4%), from €14,496 to €7,334
of which Other amounts receivable: -€6,816
- Cash -€5,019
down €5,019 (-6.4%), from €79,026 to €74,008
mainly Investment in fixed assets (net) (-€16,752) and Net result for the year (-€2,235)
- Profit (loss) carried forward -€2,235
down €2,235 (-3.1%), from -€73,245 to -€75,480
- Trade debts +€2,059
up €2,059 (+1.3%), from €160,487 to €162,547
- Staff costs +€20,371
up €20,371 (+44.5%), from €45,800 to €66,171
- Gross operating margin +€6,312
up €6,312 (+9.0%), from €70,234 to €76,546
- Other operating charges +€4,162
up €4,162 (+257.1%), from €1,619 to €5,780
- Depreciation +€1,328
up €1,328 (+48.4%), from €2,744 to €4,072
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 | €112,063 | €111,960 | -€103 | -0.1% |
| Fixed assets | 21/28 | €16,126 | €28,806 | +€12,680 | +78.6% |
| Tangible fixed assets | 22/27 | €16,126 | €28,806 | +€12,680 | +78.6% |
| Plant, machinery and equipment | 23 | €5,315 | €4,111 | -€1,203 | -22.6% |
| Furniture and vehicles | 24 | €756 | €393 | -€363 | -48.0% |
| Other tangible fixed assets | 26 | €10,055 | €24,302 | +€14,246 | +141.7% |
| Current assets | 29/58 | €95,937 | €83,154 | -€12,783 | -13.3% |
| Amounts receivable within one year | 40/41 | €14,496 | €7,334 | -€7,163 | -49.4% |
| Trade receivables | 40 | €1,246 | €900 | -€346 | -27.8% |
| Other amounts receivable | 41 | €13,250 | €6,434 | -€6,816 | -51.4% |
| Cash at bank and in hand | 54/58 | €79,026 | €74,008 | -€5,019 | -6.4% |
| Deferred charges and accrued income | 490/1 | €2,414 | €1,813 | -€602 | -24.9% |
| Total equity and liabilities | 10/49 | €112,063 | €111,960 | -€103 | -0.1% |
| Equity | 10/15 | -€54,645 | -€56,880 | -€2,235 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,245 | -€75,480 | -€2,235 | -3.1% |
| Amounts payable | 17/49 | €166,708 | €168,840 | +€2,132 | +1.3% |
| Amounts payable within one year | 42/48 | €165,555 | €167,545 | +€1,990 | +1.2% |
| Trade debts | 44 | €160,487 | €162,547 | +€2,059 | +1.3% |
| Suppliers | 440/4 | €160,487 | €162,547 | +€2,059 | +1.3% |
| Taxes, remuneration and social security | 45 | €5,068 | €4,999 | -€69 | -1.4% |
| Remuneration and social security | 454/9 | €5,068 | €4,999 | -€69 | -1.4% |
| Accrued charges and deferred income | 492/3 | €1,153 | €1,295 | +€142 | +12.3% |
| Remuneration, social security and pensions | 62 | €45,800 | €66,171 | +€20,371 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,744 | €4,072 | +€1,328 | +48.4% |
| Other operating charges | 640/8 | €1,619 | €5,780 | +€4,162 | +257.1% |
| Gross operating margin | 9900 | €70,234 | €76,546 | +€6,312 | +9.0% |
| Operating profit (loss) | 9901 | €20,072 | €523 | -€19,549 | -97.4% |
| Financial income | 75/76B | €55 | €1 | -€54 | -97.5% |
| Recurring financial income | 75 | €55 | €1 | -€54 | -97.5% |
| Financial charges | 65/66B | €3,034 | €2,760 | -€275 | -9.0% |
| Recurring financial charges | 65 | €3,034 | €2,760 | -€275 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €17,093 | -€2,235 | -€19,328 | |
| Profit (loss) for the period | 9904 | €17,093 | -€2,235 | -€19,328 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,093 | -€2,235 | -€19,328 |
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 9 October 2026 via checked.be.