BELTAP: 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.
BELTAP
Largest movements
- Financial fixed assets +€10,000
up €10,000 (+10.5%), from €95,000 to €105,000
- Reserves +€65,000
up €65,000 (+45.7%), from €142,349 to €207,349
of which Distributable reserves: +€65,000
- Other debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Trade debts -€12,900
down €12,900 (-91.8%), from €14,059 to €1,159
- Tax, wage and social debts +€5,763
up €5,763 (+278%), from €2,071 to €7,833
- Services and other goods -€14,515
down €14,515 (-56.8%), from €25,541 to €11,026
- Other operating income -€5,412
down €5,412 (-5.4%), from €100,649 to €95,237
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 | €408,699 | €417,142 | +€8,444 | +2.1% |
| Fixed assets | 21/28 | €334,138 | €344,138 | +€10,000 | +3.0% |
| Tangible fixed assets | 22/27 | €239,138 | €239,138 | = | 0.0% |
| Land and buildings | 22 | €239,138 | €239,138 | = | 0.0% |
| Financial fixed assets | 28 | €95,000 | €105,000 | +€10,000 | +10.5% |
| Affiliated companies | 280/1 | €95,000 | €105,000 | +€10,000 | +10.5% |
| Amounts receivable | 281 | €95,000 | €105,000 | +€10,000 | +10.5% |
| Current assets | 29/58 | €74,561 | €73,004 | -€1,556 | -2.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €48,098 | €49,339 | +€1,241 | +2.6% |
| Trade receivables | 40 | €48,098 | €49,339 | +€1,241 | +2.6% |
| Cash at bank and in hand | 54/58 | €26,462 | €23,665 | -€2,797 | -10.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €408,699 | €417,142 | +€8,444 | +2.1% |
| Equity | 10/15 | €342,569 | €408,150 | +€65,581 | +19.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €142,349 | €207,349 | +€65,000 | +45.7% |
| Non-distributable reserves | 130/1 | €27,349 | €27,349 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Other | 1319 | €7,349 | €7,349 | = | 0.0% |
| Distributable reserves | 133 | €115,000 | €180,000 | +€65,000 | +56.5% |
| Profit (loss) carried forward | 14 | €220 | €800 | +€581 | +264% |
| Amounts payable | 17/49 | €66,129 | €8,992 | -€57,137 | -86.4% |
| Amounts payable within one year | 42/48 | €66,129 | €8,992 | -€57,137 | -86.4% |
| Trade debts | 44 | €14,059 | €1,159 | -€12,900 | -91.8% |
| Suppliers | 440/4 | €14,059 | €1,159 | -€12,900 | -91.8% |
| Taxes, remuneration and social security | 45 | €2,071 | €7,833 | +€5,763 | +278% |
| Taxes | 450/3 | €2,071 | €7,833 | +€5,763 | +278% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100% |
| Operating income | 70/76A | €100,649 | €95,237 | -€5,412 | -5.4% |
| Other operating income | 74 | €100,649 | €95,237 | -€5,412 | -5.4% |
| Operating charges | 60/66A | €43,688 | €29,541 | -€14,147 | -32.4% |
| Services and other goods | 61 | €25,541 | €11,026 | -€14,515 | -56.8% |
| Other operating charges | 640/8 | €18,147 | €18,515 | +€368 | +2.0% |
| Operating profit (loss) | 9901 | €56,962 | €65,696 | +€8,735 | +15.3% |
| Financial charges | 65/66B | €114 | €115 | +€1 | +1.3% |
| Recurring financial charges | 65 | €114 | €115 | +€1 | +1.3% |
| Other financial charges | 652/9 | €114 | €115 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €56,848 | €65,581 | +€8,733 | +15.4% |
| Profit (loss) for the period | 9904 | €56,848 | €65,581 | +€8,733 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,848 | €65,581 | +€8,733 | +15.4% |
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 17 October 2026 via checked.be.