BELSIMMO: 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.
BELSIMMO
Largest movements
- Receivables within one year -€576,784
down €576,784 (-51.0%), from €1.1m to €553,831
of which Other amounts receivable: -€392,305
- Stocks and contracts +€110,706
up €110,706 (+207.5%), from €53,361 to €164,067
- Cash -€21,858
down €21,858 (-92.9%), from €23,534 to €1,676
mainly Net result for the year (-€211,933) and Other debts (-€174,382)
- Profit (loss) carried forward -€211,933
down €211,933 (-63.4%), from €334,499 to €122,565
- Other debts -€174,382
down €174,382 (-48.6%), from €358,993 to €184,611
- Short-term financial debts -€98,481
down €98,481 (-100.0%), from €98,481 to €0
- Debts after one year -€19,231
down €19,231 (-23.2%), from €82,958 to €63,727
of which Financial debts: -€12,231
- Accrued charges and deferred income +€13,000
up €13,000 (+37.9%), from €34,294 to €47,294
- Gross operating margin -€311,885
down €311,885, from €226,612 to -€85,274
- Financial charges +€59,158
up €59,158 (+89.4%), from €66,170 to €125,329
- Taxes -€52,217
down €52,217 (-99.5%), from €52,464 to €248
- Other operating charges -€4,590
down €4,590 (-80.9%), from €5,674 to €1,084
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 | €1,207,510 | €719,573 | -€487,936 | -40.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,207,510 | €719,573 | -€487,936 | -40.4% |
| Stocks and contracts in progress | 3 | €53,361 | €164,067 | +€110,706 | +207.5% |
| Stocks | 30/36 | €53,361 | €164,067 | +€110,706 | +207.5% |
| Amounts receivable within one year | 40/41 | €1,130,615 | €553,831 | -€576,784 | -51.0% |
| Trade receivables | 40 | €613,605 | €429,126 | -€184,479 | -30.1% |
| Other amounts receivable | 41 | €517,009 | €124,704 | -€392,305 | -75.9% |
| Cash at bank and in hand | 54/58 | €23,534 | €1,676 | -€21,858 | -92.9% |
| Total equity and liabilities | 10/49 | €1,207,510 | €719,573 | -€487,936 | -40.4% |
| Equity | 10/15 | €354,959 | €143,025 | -€211,933 | -59.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €334,499 | €122,565 | -€211,933 | -63.4% |
| Provisions and deferred taxes | 16 | €75,000 | €75,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €75,000 | €75,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable | 17/49 | €777,551 | €501,548 | -€276,003 | -35.5% |
| Amounts payable after more than one year | 17 | €82,958 | €63,727 | -€19,231 | -23.2% |
| Financial debts | 170/4 | €75,958 | €63,727 | -€12,231 | -16.1% |
| Other amounts payable | 178/9 | €7,000 | €0 | -€7,000 | -100.0% |
| Amounts payable within one year | 42/48 | €660,299 | €390,527 | -€269,772 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €25,190 | €12,231 | -€12,959 | -51.4% |
| Financial debts | 43 | €98,481 | €0 | -€98,481 | -100.0% |
| Credit institutions | 430/8 | €98,481 | €0 | -€98,481 | -100.0% |
| Trade debts | 44 | €82,920 | €87,717 | +€4,797 | +5.8% |
| Suppliers | 440/4 | €82,920 | €87,717 | +€4,797 | +5.8% |
| Taxes, remuneration and social security | 45 | €94,715 | €105,968 | +€11,253 | +11.9% |
| Taxes | 450/3 | €94,715 | €105,968 | +€11,253 | +11.9% |
| Other amounts payable | 47/48 | €358,993 | €184,611 | -€174,382 | -48.6% |
| Accrued charges and deferred income | 492/3 | €34,294 | €47,294 | +€13,000 | +37.9% |
| Remuneration, social security and pensions | 62 | €766 | €0 | -€766 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €5,674 | €1,084 | -€4,590 | -80.9% |
| Gross operating margin | 9900 | €226,612 | -€85,274 | -€311,885 | |
| Operating profit (loss) | 9901 | €220,171 | -€86,357 | -€306,529 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €66,170 | €125,329 | +€59,158 | +89.4% |
| Recurring financial charges | 65 | €66,170 | €125,329 | +€59,158 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | €154,001 | -€211,686 | -€365,687 | |
| Income taxes | 67/77 | €52,464 | €248 | -€52,217 | -99.5% |
| Profit (loss) for the period | 9904 | €101,537 | -€211,933 | -€313,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €101,537 | -€211,933 | -€313,471 |
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.