BELVENTURA: 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.
BELVENTURA
Largest movements
- Cash -€10,743
down €10,743 (-78.1%), from €13,764 to €3,021
mainly Net result for the year (-€6,740) and Investment in fixed assets (net) (-€3,944)
- Tangible fixed assets -€1,502
down €1,502 (-12.8%), from €11,739 to €10,237
of which Plant, machinery and equipment: -€2,053
- Receivables within one year +€1,052
up €1,052 (+207%), from €509 to €1,561
- Formation expenses +€953
new in 2025: €953
- Stocks and contracts +€530
new in 2025: €530
- Profit (loss) carried forward -€6,740
down €6,740 (-720%), from -€936 to -€7,676
- Debts after one year -€2,180
no longer reported in 2025 (was €2,180)
- Tax, wage and social debts -€615
no longer reported in 2025 (was €615)
- Turnover -€13,880
down €13,880 (-52.9%), from €26,224 to €12,344
- Gross operating margin -€9,206
down €9,206 (-99.2%), from €9,277 to €71
- Purchases and services -€4,674
down €4,674 (-27.6%), from €16,947 to €12,273
- Taxes +€1,303
new in 2025: €1,303
- Depreciation +€1,116
up €1,116 (+34.7%), from €3,215 to €4,331
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 | €26,059 | €16,713 | -€9,346 | -35.9% |
| Formation expenses | 20 | - | €953 | +€953 | |
| Fixed assets | 21/28 | €11,739 | €10,399 | -€1,340 | -11.4% |
| Intangible fixed assets | 21 | €0 | €162 | +€162 | |
| Tangible fixed assets | 22/27 | €11,739 | €10,237 | -€1,502 | -12.8% |
| Plant, machinery and equipment | 23 | €11,739 | €9,686 | -€2,053 | -17.5% |
| Furniture and vehicles | 24 | - | €551 | +€551 | |
| Current assets | 29/58 | €14,320 | €5,361 | -€8,959 | -62.6% |
| Stocks and contracts in progress | 3 | - | €530 | +€530 | |
| Stocks | 30/36 | - | €530 | +€530 | |
| Amounts receivable within one year | 40/41 | €509 | €1,561 | +€1,052 | +207% |
| Other amounts receivable | 41 | €509 | €1,561 | +€1,052 | +207% |
| Cash at bank and in hand | 54/58 | €13,764 | €3,021 | -€10,743 | -78.1% |
| Deferred charges and accrued income | 490/1 | €47 | €249 | +€202 | +430% |
| Total equity and liabilities | 10/49 | €26,059 | €16,713 | -€9,346 | -35.9% |
| Equity | 10/15 | €23,264 | €16,524 | -€6,740 | -29.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €2,200 | €2,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,200 | €2,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€936 | -€7,676 | -€6,740 | -720% |
| Amounts payable | 17/49 | €2,795 | €189 | -€2,606 | -93.2% |
| Amounts payable after more than one year | 17 | €2,180 | - | -€2,180 | |
| Trade debts | 175 | €2,180 | - | -€2,180 | |
| Amounts payable within one year | 42/48 | €615 | €189 | -€426 | -69.3% |
| Trade debts | 44 | - | €189 | +€189 | |
| Suppliers | 440/4 | - | €189 | +€189 | |
| Taxes, remuneration and social security | 45 | €615 | - | -€615 | |
| Taxes | 450/3 | €615 | - | -€615 | |
| Turnover | 70 | €26,224 | €12,344 | -€13,880 | -52.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €16,947 | €12,273 | -€4,674 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,215 | €4,331 | +€1,116 | +34.7% |
| Other operating charges | 640/8 | €1,477 | €680 | -€797 | -54.0% |
| Gross operating margin | 9900 | €9,277 | €71 | -€9,206 | -99.2% |
| Operating profit (loss) | 9901 | €4,585 | -€4,940 | -€9,525 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €330 | €503 | +€173 | +52.4% |
| Recurring financial charges | 65 | €95 | €92 | -€3 | -3.2% |
| Non-recurring financial charges | 66B | €235 | €411 | +€176 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €4,255 | -€5,437 | -€9,692 | |
| Income taxes | 67/77 | - | €1,303 | +€1,303 | |
| Profit (loss) for the period | 9904 | €4,255 | -€6,740 | -€10,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,255 | -€6,740 | -€10,995 |
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 21 October 2026 via checked.be.