BELUMMO: 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.
BELUMMO
Largest movements
- Cash +€18,165
up €18,165 (+113.8%), from €15,969 to €34,134
mainly Trade debts (+€26,062) and Depreciation (+€8,425)
- Deferred charges and accrued income +€13,996
up €13,996 (+147.6%), from €9,482 to €23,478
- Tangible fixed assets -€6,646
down €6,646 (-40.3%), from €16,500 to €9,854
of which Plant, machinery and equipment: -€5,404
- Intangible fixed assets +€1,721
up €1,721 (+121.2%), from €1,420 to €3,141
- Receivables within one year -€1,494
down €1,494 (-29.9%), from €4,991 to €3,496
of which Trade receivables: -€1,572
- Trade debts +€26,062
up €26,062 (+902.5%), from €2,888 to €28,950
- Accrued charges and deferred income +€6,508
up €6,508 (+1344.5%), from €484 to €6,992
- Tax, wage and social debts -€5,753
down €5,753 (-66.5%), from €8,646 to €2,893
of which Taxes: -€6,540
- Current portion of long-term debt -€1,081
no longer reported in 2025 (was €1,081)
- Gross operating margin +€14,065
up €14,065 (+73.6%), from €19,112 to €33,177
- Other operating charges +€11,882
up €11,882 (+1337.4%), from €888 to €12,770
- Staff costs +€2,741
up €2,741 (+39.6%), from €6,919 to €9,660
- Taxes +€828
new in 2025: €828
- Depreciation -€656
down €656 (-7.2%), from €9,080 to €8,425
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 | €50,911 | €76,654 | +€25,742 | +50.6% |
| Fixed assets | 21/28 | €20,470 | €15,546 | -€4,925 | -24.1% |
| Intangible fixed assets | 21 | €1,420 | €3,141 | +€1,721 | +121.2% |
| Tangible fixed assets | 22/27 | €16,500 | €9,854 | -€6,646 | -40.3% |
| Plant, machinery and equipment | 23 | €15,099 | €9,694 | -€5,404 | -35.8% |
| Furniture and vehicles | 24 | €1,401 | €160 | -€1,242 | -88.6% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €30,441 | €61,108 | +€30,667 | +100.7% |
| Amounts receivable within one year | 40/41 | €4,991 | €3,496 | -€1,494 | -29.9% |
| Trade receivables | 40 | €4,991 | €3,418 | -€1,572 | -31.5% |
| Other amounts receivable | 41 | - | €78 | +€78 | |
| Cash at bank and in hand | 54/58 | €15,969 | €34,134 | +€18,165 | +113.8% |
| Deferred charges and accrued income | 490/1 | €9,482 | €23,478 | +€13,996 | +147.6% |
| Total equity and liabilities | 10/49 | €50,911 | €76,654 | +€25,742 | +50.6% |
| Equity | 10/15 | €31,954 | €32,435 | +€481 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,704 | €26,185 | +€481 | +1.9% |
| Amounts payable | 17/49 | €18,958 | €44,219 | +€25,261 | +133.3% |
| Amounts payable within one year | 42/48 | €18,473 | €37,227 | +€18,753 | +101.5% |
| Current portion of amounts payable after more than one year | 42 | €1,081 | - | -€1,081 | |
| Trade debts | 44 | €2,888 | €28,950 | +€26,062 | +902.5% |
| Suppliers | 440/4 | €2,888 | €28,950 | +€26,062 | +902.5% |
| Taxes, remuneration and social security | 45 | €8,646 | €2,893 | -€5,753 | -66.5% |
| Taxes | 450/3 | €7,698 | €1,158 | -€6,540 | -85.0% |
| Remuneration and social security | 454/9 | €949 | €1,735 | +€787 | +83.0% |
| Other amounts payable | 47/48 | €5,859 | €5,384 | -€475 | -8.1% |
| Accrued charges and deferred income | 492/3 | €484 | €6,992 | +€6,508 | +1344.5% |
| Remuneration, social security and pensions | 62 | €6,919 | €9,660 | +€2,741 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,080 | €8,425 | -€656 | -7.2% |
| Other operating charges | 640/8 | €888 | €12,770 | +€11,882 | +1337.4% |
| Gross operating margin | 9900 | €19,112 | €33,177 | +€14,065 | +73.6% |
| Operating profit (loss) | 9901 | €2,225 | €2,322 | +€97 | +4.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -76.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -76.2% |
| Financial charges | 65/66B | €982 | €1,013 | +€31 | +3.1% |
| Recurring financial charges | 65 | €982 | €1,013 | +€31 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €1,244 | €1,310 | +€66 | +5.3% |
| Income taxes | 67/77 | - | €828 | +€828 | |
| Profit (loss) for the period | 9904 | €1,244 | €481 | -€763 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,244 | €481 | -€763 | -61.3% |
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 9 October 2026 via checked.be.