Beltramex: 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.
Beltramex
Largest movements
- Cash -€321
down €321 (-55.7%), from €577 to €256
mainly Trade debts (-€385) and Net result for the year (-€236)
- Trade debts -€385
down €385 (-75.1%), from €513 to €128
- Other debts +€300
up €300 (+0.8%), from €39,739 to €40,039
- Profit (loss) carried forward -€236
down €236 (0.0%), from -€718,274 to -€718,510
- Gross operating margin +€1,592
up €1,592 (+96.0%), from -€1,658 to -€66
- Other operating charges -€385
down €385 (-75.1%), from €513 to €128
- Financial charges +€33
up €33 (+344.9%), from €9 to €42
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 | €1,044 | €723 | -€321 | -30.8% |
| Current assets | 29/58 | €1,044 | €723 | -€321 | -30.8% |
| Amounts receivable within one year | 40/41 | €467 | €467 | = | 0.0% |
| Other amounts receivable | 41 | €467 | €467 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €577 | €256 | -€321 | -55.7% |
| Total equity and liabilities | 10/49 | €1,044 | €723 | -€321 | -30.8% |
| Equity | 10/15 | -€39,208 | -€39,444 | -€236 | -0.6% |
| Contributions | 10/11 | €655,355 | €655,355 | = | 0.0% |
| Capital | 10 | €655,355 | €655,355 | = | 0.0% |
| Issued capital | 100 | €655,355 | €655,355 | = | 0.0% |
| Reserves | 13 | €23,711 | €23,711 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Legal reserve | 130 | €10,535 | €10,535 | = | 0.0% |
| Distributable reserves | 133 | €13,175 | €13,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€718,274 | -€718,510 | -€236 | 0.0% |
| Amounts payable | 17/49 | €40,252 | €40,167 | -€85 | -0.2% |
| Amounts payable within one year | 42/48 | €40,252 | €40,167 | -€85 | -0.2% |
| Trade debts | 44 | €513 | €128 | -€385 | -75.1% |
| Suppliers | 440/4 | €513 | €128 | -€385 | -75.1% |
| Other amounts payable | 47/48 | €39,739 | €40,039 | +€300 | +0.8% |
| Other operating charges | 640/8 | €513 | €128 | -€385 | -75.1% |
| Gross operating margin | 9900 | -€1,658 | -€66 | +€1,592 | +96.0% |
| Operating profit (loss) | 9901 | -€2,171 | -€194 | +€1,978 | +91.1% |
| Financial charges | 65/66B | €9 | €42 | +€33 | +344.9% |
| Recurring financial charges | 65 | €9 | €42 | +€33 | +344.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,181 | -€236 | +€1,945 | +89.2% |
| Profit (loss) for the period | 9904 | -€2,181 | -€236 | +€1,945 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,181 | -€236 | +€1,945 | +89.2% |
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 3 October 2026 via checked.be.