BELTECH: 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.
BELTECH
Largest movements
- Cash -€116,139
down €116,139 (-44.5%), from €260,818 to €144,679
mainly Trade debts (-€109,430) and Tax, wage and social debts (-€28,363)
- Receivables within one year -€32,593
down €32,593 (-42.9%), from €75,925 to €43,331
- Trade debts -€109,430
no longer reported in 2025 (was €109,430)
- Tax, wage and social debts -€28,363
no longer reported in 2025 (was €28,363)
- Profit (loss) carried forward -€18,285
down €18,285 (-10.4%), from €175,882 to €157,597
- Other debts +€6,387
up €6,387 (+245%), from €2,607 to €8,994
- Turnover -€158,132
down €158,132 (-100%), from €158,132 to €0
- Purchases and services -€114,165
down €114,165 (-99.7%), from €114,549 to €384
- Gross operating margin -€43,967
down €43,967, from €43,583 to -€384
- Taxes +€6,477
up €6,477 (+60.3%), from €10,748 to €17,225
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 | €336,742 | €188,010 | -€148,732 | -44.2% |
| Current assets | 29/58 | €336,742 | €188,010 | -€148,732 | -44.2% |
| Amounts receivable within one year | 40/41 | €75,925 | €43,331 | -€32,593 | -42.9% |
| Trade receivables | 40 | €75,925 | €43,331 | -€32,593 | -42.9% |
| Cash at bank and in hand | 54/58 | €260,818 | €144,679 | -€116,139 | -44.5% |
| Total equity and liabilities | 10/49 | €336,742 | €188,010 | -€148,732 | -44.2% |
| Equity | 10/15 | €196,342 | €178,057 | -€18,285 | -9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,882 | €157,597 | -€18,285 | -10.4% |
| Amounts payable | 17/49 | €140,400 | €9,953 | -€130,447 | -92.9% |
| Amounts payable within one year | 42/48 | €140,400 | €8,994 | -€131,406 | -93.6% |
| Trade debts | 44 | €109,430 | - | -€109,430 | |
| Suppliers | 440/4 | €109,430 | - | -€109,430 | |
| Taxes, remuneration and social security | 45 | €28,363 | - | -€28,363 | |
| Taxes | 450/3 | €28,363 | - | -€28,363 | |
| Other amounts payable | 47/48 | €2,607 | €8,994 | +€6,387 | +245% |
| Accrued charges and deferred income | 492/3 | - | €960 | +€960 | |
| Turnover | 70 | €158,132 | €0 | -€158,132 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €114,549 | €384 | -€114,165 | -99.7% |
| Other operating charges | 640/8 | €387 | €487 | +€100 | +25.8% |
| Gross operating margin | 9900 | €43,583 | -€384 | -€43,967 | |
| Operating profit (loss) | 9901 | €43,195 | -€872 | -€44,067 | |
| Financial charges | 65/66B | €203 | €188 | -€14 | -7.1% |
| Recurring financial charges | 65 | €203 | €188 | -€14 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €42,992 | -€1,060 | -€44,052 | |
| Income taxes | 67/77 | €10,748 | €17,225 | +€6,477 | +60.3% |
| Profit (loss) for the period | 9904 | €32,244 | -€18,285 | -€50,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,244 | -€18,285 | -€50,530 |
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 13 October 2026 via checked.be.