BELSOBRA: 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.
BELSOBRA
Largest movements
- Cash -€1,382
down €1,382 (-14.3%), from €9,649 to €8,267
mainly Other debts (-€9,400) and Trade debts (-€451)
- Receivables within one year -€1,140
down €1,140 (-94.2%), from €1,210 to €70
- Other debts -€9,400
down €9,400 (-37.9%), from €24,771 to €15,371
- Profit (loss) carried forward +€7,600
up €7,600 (+31.2%), from -€24,359 to -€16,759
- Trade debts -€451
no longer reported in 2025 (was €451)
- Tax, wage and social debts -€272
down €272 (-59.9%), from €453 to €181
- Taxes -€2,065
down €2,065 (-41.9%), from €4,932 to €2,867
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 | €10,859 | €8,337 | -€2,522 | -23.2% |
| Current assets | 29/58 | €10,859 | €8,337 | -€2,522 | -23.2% |
| Amounts receivable within one year | 40/41 | €1,210 | €70 | -€1,140 | -94.2% |
| Trade receivables | 40 | €1,210 | €70 | -€1,140 | -94.2% |
| Cash at bank and in hand | 54/58 | €9,649 | €8,267 | -€1,382 | -14.3% |
| Total equity and liabilities | 10/49 | €10,859 | €8,337 | -€2,522 | -23.2% |
| Equity | 10/15 | -€14,815 | -€7,215 | +€7,600 | +51.3% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Outside capital | 11 | €8,676 | €8,676 | = | 0.0% |
| Other | 1109/19 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €868 | €868 | = | 0.0% |
| Non-distributable reserves | 130/1 | €868 | €868 | = | 0.0% |
| Reserves not available under the articles | 1311 | €868 | €868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,359 | -€16,759 | +€7,600 | +31.2% |
| Amounts payable | 17/49 | €25,675 | €15,552 | -€10,122 | -39.4% |
| Amounts payable within one year | 42/48 | €25,675 | €15,552 | -€10,122 | -39.4% |
| Trade debts | 44 | €451 | - | -€451 | |
| Suppliers | 440/4 | €451 | - | -€451 | |
| Taxes, remuneration and social security | 45 | €453 | €181 | -€272 | -59.9% |
| Taxes | 450/3 | €453 | €181 | -€272 | -59.9% |
| Other amounts payable | 47/48 | €24,771 | €15,371 | -€9,400 | -37.9% |
| Other operating charges | 640/8 | €387 | €407 | +€19 | +5.0% |
| Gross operating margin | 9900 | €10,990 | €10,954 | -€35 | -0.3% |
| Operating profit (loss) | 9901 | €10,602 | €10,548 | -€55 | -0.5% |
| Financial charges | 65/66B | €80 | €80 | = | 0.0% |
| Recurring financial charges | 65 | €80 | €80 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €10,522 | €10,468 | -€55 | -0.5% |
| Income taxes | 67/77 | €4,932 | €2,867 | -€2,065 | -41.9% |
| Profit (loss) for the period | 9904 | €5,590 | €7,600 | +€2,010 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,590 | €7,600 | +€2,010 | +36.0% |
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 7 October 2026 via checked.be.