BELSIM & CO: 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.
BELSIM & CO
Largest movements
- Cash -€46
down €46 (-97.8%), from €47 to €1
mainly Net result for the year (-€46)
- Profit (loss) carried forward -€46
down €46 (0.0%), from -€182,258 to -€182,304
- Other operating charges -€787
no longer reported in 2025 (was €787)
- Financial charges -€78
down €78 (-62.6%), from €124 to €46
of which Non-recurring financial charges: -€78
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 | €3,953 | €3,906 | -€46 | -1.2% |
| Current assets | 29/58 | €3,953 | €3,906 | -€46 | -1.2% |
| Amounts receivable within one year | 40/41 | €3,905 | €3,905 | = | 0.0% |
| Trade receivables | 40 | €758 | €758 | = | 0.0% |
| Other amounts receivable | 41 | €3,147 | €3,147 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47 | €1 | -€46 | -97.8% |
| Total equity and liabilities | 10/49 | €3,953 | €3,906 | -€46 | -1.2% |
| Equity | 10/15 | -€168,842 | -€168,889 | -€46 | 0.0% |
| Contributions | 10/11 | €13,415 | €13,415 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,258 | -€182,304 | -€46 | 0.0% |
| Amounts payable | 17/49 | €172,795 | €172,795 | = | 0.0% |
| Amounts payable within one year | 42/48 | €172,795 | €172,795 | = | 0.0% |
| Trade debts | 44 | €34,540 | €34,540 | = | 0.0% |
| Suppliers | 440/4 | €34,540 | €34,540 | = | 0.0% |
| Other amounts payable | 47/48 | €138,255 | €138,255 | = | 0.0% |
| Other operating charges | 640/8 | €787 | - | -€787 | |
| Operating profit (loss) | 9901 | -€787 | - | +€787 | |
| Financial charges | 65/66B | €124 | €46 | -€78 | -62.6% |
| Recurring financial charges | 65 | €47 | €46 | -€0 | -0.4% |
| Non-recurring financial charges | 66B | €78 | - | -€78 | |
| Profit (loss) for the period before taxes | 9903 | -€911 | -€46 | +€865 | +94.9% |
| Profit (loss) for the period | 9904 | -€911 | -€46 | +€865 | +94.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€911 | -€46 | +€865 | +94.9% |
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 14 October 2026 via checked.be.