BELTA SA: 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.
What changed
BELTA SA
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€603,942
2024 · €466,167+€137,776
Equity
€110,238
2024 · €110,296-€58
Cash
€345,331
2024 · €380,311-€34,980
Balance sheet total
€1.3m
2024 · €1.1m+€188,120
Largest movements
Assets
- Receivables within one year +€223,256
up €223,256 (+35.0%), from €638,421 to €861,677
of which Other amounts receivable: +€201,591
- Cash -€34,980
down €34,980 (-9.2%), from €380,311 to €345,331
mainly Contributions, distributions and other (-€604,000) and Receivables within one year (-€223,256)
- Financial fixed assets +€25,000
up €25,000 (+66.0%), from €37,860 to €62,860
- Tangible fixed assets -€18,971
down €18,971 (-91.2%), from €20,807 to €1,835
of which Plant, machinery and equipment: -€18,870
Equity and liabilities
- Other debts +€135,000
up €135,000 (+28.8%), from €469,000 to €604,000
- Trade debts +€23,906
up €23,906 (+18.7%), from €128,026 to €151,931
- Accrued charges and deferred income +€16,843
up €16,843 (+9.2%), from €182,804 to €199,647
Income statement
- Turnover +€224,554
up €224,554 (+4.6%), from €4.9m to €5.1m
- Goods and materials +€170,009
up €170,009 (+6.1%), from €2.8m to €3.0m
- Services and other goods -€74,737
down €74,737 (-9.4%), from €796,232 to €721,495
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.
Result 2024
€466,167
Turnover
+€224,554
Other operating income
+€30,974
Goods and materials
-€170,009
Services and other goods
+€74,737
Staff costs
+€10,834
Depreciation
+€10,022
Write-downs
+€6,789
Other operating charges
+€260
Other operating items
-€75
Financial income
-€5,158
Financial charges
-€677
Taxes
-€44,475
Result 2025
€603,942
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.
From operations
+€594,020
Investment
-€25,000
Financing
-€604,000
Cash 2024
€380,311
From operations (derived)
+€594,020
Net result for the year
+€603,942
Depreciation
+€18,971
Receivables within one year
-€223,256
Deferred charges and accrued income
+€6,185
Trade debts
+€23,906
Tax, wage and social debts
+€12,429
Other debts
+€135,000
Accrued charges and deferred income
+€16,843
Investment (derived)
-€25,000
Investment in fixed assets (net)
-€25,000
Financing
-€604,000
Contributions, distributions and other
-€604,000
Cash 2025
€345,331
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,091,623 | €1,279,742 | +€188,120 | +17.2% |
| Fixed assets | 21/28 | €58,667 | €64,695 | +€6,029 | +10.3% |
| Tangible fixed assets | 22/27 | €20,807 | €1,835 | -€18,971 | -91.2% |
| Plant, machinery and equipment | 23 | €19,729 | €859 | -€18,870 | -95.6% |
| Furniture and vehicles | 24 | €1,077 | €976 | -€101 | -9.4% |
| Financial fixed assets | 28 | €37,860 | €62,860 | +€25,000 | +66.0% |
| Other financial fixed assets | 284/8 | €37,860 | €62,860 | +€25,000 | +66.0% |
| Amounts receivable and cash guarantees | 285/8 | €37,860 | €62,860 | +€25,000 | +66.0% |
| Current assets | 29/58 | €1,032,956 | €1,215,047 | +€182,091 | +17.6% |
| Amounts receivable within one year | 40/41 | €638,421 | €861,677 | +€223,256 | +35.0% |
| Trade receivables | 40 | €511,047 | €532,711 | +€21,665 | +4.2% |
| Other amounts receivable | 41 | €127,375 | €328,966 | +€201,591 | +158.3% |
| Cash at bank and in hand | 54/58 | €380,311 | €345,331 | -€34,980 | -9.2% |
| Deferred charges and accrued income | 490/1 | €14,224 | €8,039 | -€6,185 | -43.5% |
| Total equity and liabilities | 10/49 | €1,091,623 | €1,279,742 | +€188,120 | +17.2% |
| Equity | 10/15 | €110,296 | €110,238 | -€58 | -0.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €296 | €238 | -€58 | -19.5% |
| Amounts payable | 17/49 | €981,327 | €1,169,504 | +€188,177 | +19.2% |
| Amounts payable within one year | 42/48 | €798,523 | €969,857 | +€171,334 | +21.5% |
| Trade debts | 44 | €128,026 | €151,931 | +€23,906 | +18.7% |
| Suppliers | 440/4 | €128,026 | €151,931 | +€23,906 | +18.7% |
| Taxes, remuneration and social security | 45 | €201,497 | €213,926 | +€12,429 | +6.2% |
| Taxes | 450/3 | €94,466 | €95,379 | +€913 | +1.0% |
| Remuneration and social security | 454/9 | €107,031 | €118,547 | +€11,515 | +10.8% |
| Other amounts payable | 47/48 | €469,000 | €604,000 | +€135,000 | +28.8% |
| Accrued charges and deferred income | 492/3 | €182,804 | €199,647 | +€16,843 | +9.2% |
| Operating income | 70/76A | €4,904,661 | €5,160,190 | +€255,529 | +5.2% |
| Turnover | 70 | €4,877,874 | €5,102,428 | +€224,554 | +4.6% |
| Other operating income | 74 | €26,788 | €57,762 | +€30,974 | +115.6% |
| Operating charges | 60/66A | €4,290,974 | €4,358,417 | +€67,444 | +1.6% |
| Goods for resale, raw materials and consumables | 60 | €2,790,304 | €2,960,314 | +€170,009 | +6.1% |
| Purchases | 600/8 | €2,790,304 | €2,960,314 | +€170,009 | +6.1% |
| Services and other goods | 61 | €796,232 | €721,495 | -€74,737 | -9.4% |
| Remuneration, social security and pensions | 62 | €655,407 | €644,573 | -€10,834 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,993 | €18,971 | -€10,022 | -34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €362 | -€6,427 | -€6,789 | |
| Other operating charges | 640/8 | €19,676 | €19,416 | -€260 | -1.3% |
| Non-recurring operating charges | 66A | - | €75 | +€75 | |
| Operating profit (loss) | 9901 | €613,688 | €801,773 | +€188,085 | +30.6% |
| Financial income | 75/76B | €15,763 | €10,606 | -€5,158 | -32.7% |
| Recurring financial income | 75 | €15,763 | €10,606 | -€5,158 | -32.7% |
| Income from financial fixed assets | 750 | €246 | - | -€246 | |
| Income from current assets | 751 | €15,517 | €10,603 | -€4,914 | -31.7% |
| Other financial income | 752/9 | €0 | €3 | +€3 | +8900.0% |
| Financial charges | 65/66B | €3,294 | €3,971 | +€677 | +20.5% |
| Recurring financial charges | 65 | €3,294 | €3,971 | +€677 | +20.5% |
| Other financial charges | 652/9 | €3,294 | €3,971 | +€677 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €626,157 | €808,408 | +€182,251 | +29.1% |
| Income taxes | 67/77 | €159,991 | €204,465 | +€44,475 | +27.8% |
| Taxes | 670/3 | €159,991 | €204,465 | +€44,475 | +27.8% |
| Profit (loss) for the period | 9904 | €466,167 | €603,942 | +€137,776 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €466,167 | €603,942 | +€137,776 | +29.6% |
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 11 October 2026 via checked.be.