Beltratec: 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.
Beltratec
Largest movements
- Receivables within one year -€12,882
down €12,882 (-81.3%), from €15,837 to €2,955
- Cash +€12,428
up €12,428 (+112%), from €11,056 to €23,484
mainly Other debts (+€27,554) and Net result for the year (+€18,389)
- Tangible fixed assets -€9,628
down €9,628 (-51.2%), from €18,814 to €9,186
of which Furniture and vehicles: -€7,549
- Current investments +€5,730
up €5,730 (+13.4%), from €42,700 to €48,430
- Reserves -€31,611
down €31,611 (-74.2%), from €42,624 to €11,013
- Other debts +€27,554
up €27,554 (+119%), from €23,142 to €50,696
- Trade debts -€15,317
down €15,317 (-99.7%), from €15,364 to €47
- Tax, wage and social debts +€15,022
up €15,022 (+660%), from €2,277 to €17,299
- Gross operating margin +€21,092
up €21,092 (+202%), from €10,444 to €31,536
- Taxes +€7,257
up €7,257 (+464%), from €1,563 to €8,820
- Depreciation -€3,816
down €3,816 (-53.9%), from €7,081 to €3,265
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 | €88,407 | €84,055 | -€4,352 | -4.9% |
| Fixed assets | 21/28 | €18,814 | €9,186 | -€9,628 | -51.2% |
| Tangible fixed assets | 22/27 | €18,814 | €9,186 | -€9,628 | -51.2% |
| Plant, machinery and equipment | 23 | €6,819 | €4,740 | -€2,079 | -30.5% |
| Furniture and vehicles | 24 | €11,995 | €4,446 | -€7,549 | -62.9% |
| Current assets | 29/58 | €69,593 | €74,869 | +€5,276 | +7.6% |
| Amounts receivable within one year | 40/41 | €15,837 | €2,955 | -€12,882 | -81.3% |
| Trade receivables | 40 | €15,837 | €2,955 | -€12,882 | -81.3% |
| Current investments | 50/53 | €42,700 | €48,430 | +€5,730 | +13.4% |
| Cash at bank and in hand | 54/58 | €11,056 | €23,484 | +€12,428 | +112% |
| Total equity and liabilities | 10/49 | €88,407 | €84,055 | -€4,352 | -4.9% |
| Equity | 10/15 | €47,624 | €16,013 | -€31,611 | -66.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Share premium | 1100/10 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,624 | €11,013 | -€31,611 | -74.2% |
| Distributable reserves | 133 | €42,624 | €11,013 | -€31,611 | -74.2% |
| Amounts payable | 17/49 | €40,783 | €68,042 | +€27,259 | +66.8% |
| Amounts payable within one year | 42/48 | €40,783 | €68,042 | +€27,259 | +66.8% |
| Trade debts | 44 | €15,364 | €47 | -€15,317 | -99.7% |
| Suppliers | 440/4 | €15,364 | €47 | -€15,317 | -99.7% |
| Taxes, remuneration and social security | 45 | €2,277 | €17,299 | +€15,022 | +660% |
| Taxes | 450/3 | €2,277 | €17,299 | +€15,022 | +660% |
| Other amounts payable | 47/48 | €23,142 | €50,696 | +€27,554 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,081 | €3,265 | -€3,816 | -53.9% |
| Other operating charges | 640/8 | €1,166 | €910 | -€256 | -22.0% |
| Gross operating margin | 9900 | €10,444 | €31,536 | +€21,092 | +202% |
| Operating profit (loss) | 9901 | €2,197 | €27,361 | +€25,164 | +1,145% |
| Financial charges | 65/66B | €449 | €152 | -€297 | -66.1% |
| Recurring financial charges | 65 | €449 | €152 | -€297 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €1,748 | €27,209 | +€25,461 | +1,457% |
| Income taxes | 67/77 | €1,563 | €8,820 | +€7,257 | +464% |
| Profit (loss) for the period | 9904 | €185 | €18,389 | +€18,204 | +9,840% |
| Profit (loss) for the period to be appropriated | 9905 | €185 | €18,389 | +€18,204 | +9,840% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.