Beluma: 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.
Beluma
Largest movements
- Cash +€11,200
up €11,200 (+55.3%), from €20,250 to €31,451
mainly Other debts (+€11,324) and Net result for the year (+€8,675)
- Tangible fixed assets +€4,713
new in 2025: €4,713
- Stocks and contracts +€1,030
up €1,030 (+6.3%), from €16,251 to €17,281
- Other debts +€11,324
up €11,324 (+168.9%), from €6,705 to €18,029
- Profit (loss) carried forward +€8,675
up €8,675 (+21.8%), from -€39,782 to -€31,107
- Trade debts -€6,581
down €6,581 (-13.0%), from €50,756 to €44,175
- Tax, wage and social debts +€3,774
up €3,774 (+107.5%), from €3,509 to €7,284
of which Taxes: +€3,834
- Gross operating margin -€4,604
down €4,604 (-10.2%), from €45,349 to €40,745
- Depreciation +€1,527
new in 2025: €1,527
- Write-downs +€916
new in 2025: €916
- Staff costs +€674
up €674 (+2.5%), from €27,264 to €27,938
- Other operating charges -€612
down €612 (-37.8%), from €1,621 to €1,009
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 | €52,397 | €69,590 | +€17,192 | +32.8% |
| Fixed assets | 21/28 | - | €4,713 | +€4,713 | |
| Tangible fixed assets | 22/27 | - | €4,713 | +€4,713 | |
| Furniture and vehicles | 24 | - | €4,713 | +€4,713 | |
| Current assets | 29/58 | €52,397 | €64,877 | +€12,480 | +23.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €16,251 | €17,281 | +€1,030 | +6.3% |
| Stocks | 30/36 | €16,251 | €17,281 | +€1,030 | +6.3% |
| Amounts receivable within one year | 40/41 | €15,896 | €16,146 | +€250 | +1.6% |
| Trade receivables | 40 | €12,445 | €15,166 | +€2,721 | +21.9% |
| Other amounts receivable | 41 | €3,452 | €980 | -€2,472 | -71.6% |
| Cash at bank and in hand | 54/58 | €20,250 | €31,451 | +€11,200 | +55.3% |
| Total equity and liabilities | 10/49 | €52,397 | €69,590 | +€17,192 | +32.8% |
| Equity | 10/15 | -€8,573 | €102 | +€8,675 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,609 | €12,609 | = | 0.0% |
| Distributable reserves | 133 | €12,609 | €12,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,782 | -€31,107 | +€8,675 | +21.8% |
| Amounts payable | 17/49 | €60,970 | €69,488 | +€8,517 | +14.0% |
| Amounts payable within one year | 42/48 | €60,970 | €69,488 | +€8,517 | +14.0% |
| Trade debts | 44 | €50,756 | €44,175 | -€6,581 | -13.0% |
| Suppliers | 440/4 | €50,756 | €44,175 | -€6,581 | -13.0% |
| Taxes, remuneration and social security | 45 | €3,509 | €7,284 | +€3,774 | +107.5% |
| Taxes | 450/3 | €70 | €3,904 | +€3,834 | +5473.5% |
| Remuneration and social security | 454/9 | €3,439 | €3,379 | -€60 | -1.7% |
| Other amounts payable | 47/48 | €6,705 | €18,029 | +€11,324 | +168.9% |
| Non-recurring operating income | 76A | €2,989 | €5,217 | +€2,228 | +74.5% |
| Remuneration, social security and pensions | 62 | €27,264 | €27,938 | +€674 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,527 | +€1,527 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €916 | +€916 | |
| Other operating charges | 640/8 | €1,621 | €1,009 | -€612 | -37.8% |
| Non-recurring operating charges | 66A | €1,707 | €0 | -€1,707 | -100.0% |
| Gross operating margin | 9900 | €45,349 | €40,745 | -€4,604 | -10.2% |
| Operating profit (loss) | 9901 | €14,756 | €9,354 | -€5,402 | -36.6% |
| Financial income | 75/76B | €72 | €98 | +€27 | +37.4% |
| Recurring financial income | 75 | €72 | €98 | +€27 | +37.4% |
| Financial charges | 65/66B | €427 | €683 | +€257 | +60.1% |
| Recurring financial charges | 65 | €427 | €683 | +€257 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €14,401 | €8,769 | -€5,632 | -39.1% |
| Income taxes | 67/77 | €140 | €94 | -€45 | -32.5% |
| Profit (loss) for the period | 9904 | €14,261 | €8,675 | -€5,586 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,261 | €8,675 | -€5,586 | -39.2% |
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 10 October 2026 via checked.be.