BELSAM CONSTRUCT: what changed
Two fiscal 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.
BELSAM CONSTRUCT
Largest movements
- Cash -€7,223
down €7,223 (-79.8%), from €9,053 to €1,830
mainly Net result for the year (-€19,316) and Receivables within one year (-€3,228)
- Receivables within one year +€3,228
up €3,228 (+43.6%), from €7,407 to €10,635
of which Trade receivables: +€5,486
- Deferred charges and accrued income -€988
down €988 (-63.8%), from €1,548 to €560
- Profit (loss) carried forward -€19,316
down €19,316 (-112.6%), from -€17,155 to -€36,471
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Trade debts +€1,202
up €1,202 (+185.3%), from €649 to €1,851
- Other debts +€754
up €754 (+3.4%), from €22,083 to €22,837
- Gross operating margin -€17,514
down €17,514, from €9,749 to -€7,765
- Taxes -€2,073
down €2,073, from €2,050 to -€23
- Other operating charges +€595
up €595 (+116.7%), from €510 to €1,104
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 | €18,008 | €13,025 | -€4,983 | -27.7% |
| Current assets | 29/58 | €18,008 | €13,025 | -€4,983 | -27.7% |
| Amounts receivable within one year | 40/41 | €7,407 | €10,635 | +€3,228 | +43.6% |
| Trade receivables | 40 | €2,640 | €8,126 | +€5,486 | +207.8% |
| Other amounts receivable | 41 | €4,767 | €2,508 | -€2,258 | -47.4% |
| Cash at bank and in hand | 54/58 | €9,053 | €1,830 | -€7,223 | -79.8% |
| Deferred charges and accrued income | 490/1 | €1,548 | €560 | -€988 | -63.8% |
| Total equity and liabilities | 10/49 | €18,008 | €13,025 | -€4,983 | -27.7% |
| Equity | 10/15 | -€9,095 | -€16,011 | -€6,916 | -76.0% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,155 | -€36,471 | -€19,316 | -112.6% |
| Amounts payable | 17/49 | €27,102 | €29,036 | +€1,933 | +7.1% |
| Amounts payable within one year | 42/48 | €26,282 | €28,216 | +€1,933 | +7.4% |
| Trade debts | 44 | €649 | €1,851 | +€1,202 | +185.3% |
| Suppliers | 440/4 | €649 | €1,851 | +€1,202 | +185.3% |
| Taxes, remuneration and social security | 45 | €3,550 | €3,527 | -€23 | -0.7% |
| Taxes | 450/3 | €2,050 | €2,027 | -€23 | -1.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €22,083 | €22,837 | +€754 | +3.4% |
| Accrued charges and deferred income | 492/3 | €820 | €820 | = | 0.0% |
| Other operating charges | 640/8 | €510 | €1,104 | +€595 | +116.7% |
| Non-recurring operating charges | 66A | - | €10,264 | +€10,264 | |
| Gross operating margin | 9900 | €9,749 | -€7,765 | -€17,514 | |
| Operating profit (loss) | 9901 | €9,239 | -€19,134 | -€28,373 | |
| Financial income | 75/76B | €3 | €1 | -€3 | -84.8% |
| Recurring financial income | 75 | €3 | €1 | -€3 | -84.8% |
| Financial charges | 65/66B | €129 | €206 | +€77 | +59.9% |
| Recurring financial charges | 65 | €129 | €206 | +€77 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €9,113 | -€19,339 | -€28,453 | |
| Income taxes | 67/77 | €2,050 | -€23 | -€2,073 | |
| Profit (loss) for the period | 9904 | €7,063 | -€19,316 | -€26,380 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,063 | -€19,316 | -€26,380 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.