Belstone: 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.
Belstone
Largest movements
- Receivables within one year +€25,140
up €25,140 (+951.9%), from €2,641 to €27,781
of which Other amounts receivable: +€19,510
- Cash -€20,632
down €20,632 (-77.2%), from €26,714 to €6,082
mainly Receivables within one year (-€25,140) and Trade debts (-€691)
- Profit (loss) carried forward +€4,636
up €4,636 (+130.4%), from €3,556 to €8,191
- Tax, wage and social debts +€736
new in 2025: €736
- Trade debts -€691
down €691 (-86.4%), from €799 to €109
- Gross operating margin +€2,057
up €2,057 (+85.1%), from €2,417 to €4,474
- Other operating charges -€1,749
down €1,749 (-77.1%), from €2,268 to €520
- Write-downs +€1,667
up €1,667, from -€1,184 to €483
- Financial charges -€300
down €300 (-85.0%), from €353 to €53
- Financial income -€257
down €257 (-17.4%), from €1,474 to €1,217
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 | €29,355 | €34,036 | +€4,681 | +15.9% |
| Current assets | 29/58 | €29,355 | €34,036 | +€4,681 | +15.9% |
| Amounts receivable within one year | 40/41 | €2,641 | €27,781 | +€25,140 | +951.9% |
| Trade receivables | 40 | €2,151 | €7,781 | +€5,630 | +261.8% |
| Other amounts receivable | 41 | €490 | €20,000 | +€19,510 | +3979.1% |
| Cash at bank and in hand | 54/58 | €26,714 | €6,082 | -€20,632 | -77.2% |
| Deferred charges and accrued income | 490/1 | - | €173 | +€173 | |
| Total equity and liabilities | 10/49 | €29,355 | €34,036 | +€4,681 | +15.9% |
| Equity | 10/15 | €28,556 | €33,191 | +€4,636 | +16.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,556 | €8,191 | +€4,636 | +130.4% |
| Amounts payable | 17/49 | €799 | €845 | +€45 | +5.7% |
| Amounts payable within one year | 42/48 | €799 | €845 | +€45 | +5.7% |
| Trade debts | 44 | €799 | €109 | -€691 | -86.4% |
| Suppliers | 440/4 | €799 | €109 | -€691 | -86.4% |
| Taxes, remuneration and social security | 45 | - | €736 | +€736 | |
| Taxes | 450/3 | - | €736 | +€736 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,184 | €483 | +€1,667 | |
| Other operating charges | 640/8 | €2,268 | €520 | -€1,749 | -77.1% |
| Gross operating margin | 9900 | €2,417 | €4,474 | +€2,057 | +85.1% |
| Operating profit (loss) | 9901 | €1,333 | €3,472 | +€2,138 | +160.4% |
| Financial income | 75/76B | €1,474 | €1,217 | -€257 | -17.4% |
| Recurring financial income | 75 | €1,474 | €1,217 | -€257 | -17.4% |
| Financial charges | 65/66B | €353 | €53 | -€300 | -85.0% |
| Recurring financial charges | 65 | €353 | €53 | -€300 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | €2,454 | €4,636 | +€2,182 | +88.9% |
| Profit (loss) for the period | 9904 | €2,454 | €4,636 | +€2,182 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,454 | €4,636 | +€2,182 | +88.9% |
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 29 September 2026 via checked.be.