BELVIET: 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.
What changed
BELVIET
NACE 46.180, Agents specialised in the wholesale of other particular products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€128,005
2024 · €61,616+€66,389
Equity
€5.5m
2024 · €5.4m+€128,005
Cash
€1.3m
2024 · €941,567+€387,326
Balance sheet total
€6.6m
2024 · €6.6m-€29,628
Largest movements
Assets
- Cash +€387,326
up €387,326 (+41.1%), from €941,567 to €1.3m
mainly Depreciation (+€349,989) and Net result for the year (+€128,005)
- Tangible fixed assets -€294,406
down €294,406 (-6.4%), from €4.6m to €4.3m
of which Land and buildings: -€302,129
- Receivables within one year -€123,007
down €123,007 (-43.4%), from €283,486 to €160,479
of which Trade receivables: -€99,100
Equity and liabilities
- Reserves +€221,488
up €221,488 (+4.4%), from €5.0m to €5.2m
of which Distributable reserves: +€221,488
- Other debts -€108,000
down €108,000 (-23.4%), from €461,901 to €353,901
- Profit (loss) carried forward -€93,484
down €93,484 (-98.4%), from €95,015 to €1,531
Income statement
- Turnover +€59,506
up €59,506 (+9.0%), from €663,095 to €722,601
- Taxes +€23,666
up €23,666 (+104.5%), from €22,646 to €46,312
- Other operating income +€20,127
up €20,127 (+4.4%), from €460,869 to €480,996
- Depreciation -€10,225
down €10,225 (-2.8%), from €360,214 to €349,989
- Financial charges -€8,809
down €8,809 (-22.5%), from €39,227 to €30,418
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.
Result 2024
€61,616
Turnover
+€59,506
Other operating income
+€20,127
Services and other goods
+€7,125
Staff costs
-€8,321
Depreciation
+€10,225
Other operating charges
+€2,088
Other operating items
-€9,514
Financial income
+€10
Financial charges
+€8,809
Other financial items
-€1
Taxes
-€23,666
Deferred taxes and other
+€1
Result 2025
€128,005
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.
From operations
+€499,594
Investment
-€55,601
Financing
-€56,667
Cash 2024
€941,567
From operations (derived)
+€499,594
Net result for the year
+€128,005
Depreciation
+€349,989
Receivables within one year
+€123,007
Deferred charges and accrued income
-€440
Trade debts
+€2,109
Tax, wage and social debts
+€10,778
Other debts
-€108,000
Accrued charges and deferred income
-€5,855
Investment (derived)
-€55,601
Investment in fixed assets (net)
-€55,601
Financing
-€56,667
Debts after one year
-€56,666
Current portion of long-term debt
-€0
Contributions, distributions and other
-€1
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,581,399 | €6,551,771 | -€29,628 | -0.5% |
| Fixed assets | 21/28 | €5,353,997 | €5,059,609 | -€294,388 | -5.5% |
| Tangible fixed assets | 22/27 | €4,607,708 | €4,313,302 | -€294,406 | -6.4% |
| Land and buildings | 22 | €4,338,653 | €4,036,524 | -€302,129 | -7.0% |
| Plant, machinery and equipment | 23 | €124,364 | €108,498 | -€15,866 | -12.8% |
| Furniture and vehicles | 24 | €144,691 | €168,280 | +€23,589 | +16.3% |
| Financial fixed assets | 28 | €746,289 | €746,307 | +€18 | 0.0% |
| Affiliated companies | 280/1 | €743,669 | €743,669 | +€0 | 0.0% |
| Participating interests | 280 | €743,669 | €743,669 | +€0 | 0.0% |
| Other financial fixed assets | 284/8 | €2,620 | €2,637 | +€17 | +0.7% |
| Amounts receivable and cash guarantees | 285/8 | €2,620 | €2,637 | +€17 | +0.7% |
| Current assets | 29/58 | €1,227,403 | €1,492,161 | +€264,758 | +21.6% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €283,486 | €160,479 | -€123,007 | -43.4% |
| Trade receivables | 40 | €251,802 | €152,702 | -€99,100 | -39.4% |
| Other amounts receivable | 41 | €31,684 | €7,776 | -€23,908 | -75.5% |
| Cash at bank and in hand | 54/58 | €941,567 | €1,328,893 | +€387,326 | +41.1% |
| Deferred charges and accrued income | 490/1 | €2,350 | €2,790 | +€440 | +18.7% |
| Total equity and liabilities | 10/49 | €6,581,399 | €6,551,771 | -€29,628 | -0.5% |
| Equity | 10/15 | €5,402,543 | €5,530,548 | +€128,005 | +2.4% |
| Contributions | 10/11 | €283,947 | €283,947 | -€0 | 0.0% |
| Capital | 10 | €283,947 | €283,947 | -€0 | 0.0% |
| Issued capital | 100 | €283,947 | €283,947 | -€0 | 0.0% |
| Reserves | 13 | €5,023,582 | €5,245,070 | +€221,488 | +4.4% |
| Non-distributable reserves | 130/1 | €195,070 | €195,070 | -€0 | 0.0% |
| Legal reserve | 130 | €195,070 | €195,070 | -€0 | 0.0% |
| Distributable reserves | 133 | €4,828,512 | €5,050,000 | +€221,488 | +4.6% |
| Profit (loss) carried forward | 14 | €95,015 | €1,531 | -€93,484 | -98.4% |
| Amounts payable | 17/49 | €1,178,856 | €1,021,223 | -€157,633 | -13.4% |
| Amounts payable after more than one year | 17 | €580,833 | €524,167 | -€56,666 | -9.8% |
| Financial debts | 170/4 | €580,833 | €524,167 | -€56,666 | -9.8% |
| Credit institutions | 173 | €580,833 | €524,167 | -€56,666 | -9.8% |
| Amounts payable within one year | 42/48 | €573,998 | €478,886 | -€95,112 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €56,667 | €56,667 | -€0 | 0.0% |
| Trade debts | 44 | €23,127 | €25,236 | +€2,109 | +9.1% |
| Suppliers | 440/4 | €23,127 | €25,236 | +€2,109 | +9.1% |
| Taxes, remuneration and social security | 45 | €32,303 | €43,081 | +€10,778 | +33.4% |
| Taxes | 450/3 | €21,625 | €19,092 | -€2,533 | -11.7% |
| Remuneration and social security | 454/9 | €10,678 | €23,989 | +€13,311 | +124.7% |
| Other amounts payable | 47/48 | €461,901 | €353,901 | -€108,000 | -23.4% |
| Accrued charges and deferred income | 492/3 | €24,025 | €18,170 | -€5,855 | -24.4% |
| Operating income | 70/76A | €1,126,936 | €1,203,597 | +€76,661 | +6.8% |
| Turnover | 70 | €663,095 | €722,601 | +€59,506 | +9.0% |
| Other operating income | 74 | €460,869 | €480,996 | +€20,127 | +4.4% |
| Non-recurring operating income | 76A | €2,972 | €0 | -€2,972 | -100.0% |
| Operating charges | 60/66A | €1,003,461 | €998,887 | -€4,574 | -0.5% |
| Services and other goods | 61 | €501,129 | €494,004 | -€7,125 | -1.4% |
| Remuneration, social security and pensions | 62 | €99,566 | €107,887 | +€8,321 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360,214 | €349,989 | -€10,225 | -2.8% |
| Other operating charges | 640/8 | €42,553 | €40,465 | -€2,088 | -4.9% |
| Non-recurring operating charges | 66A | - | €6,542 | +€6,542 | |
| Operating profit (loss) | 9901 | €123,474 | €204,710 | +€81,236 | +65.8% |
| Financial income | 75/76B | €15 | €25 | +€10 | +66.9% |
| Recurring financial income | 75 | €15 | €25 | +€10 | +66.9% |
| Income from financial fixed assets | 750 | €15 | €0 | -€15 | -100.0% |
| Income from current assets | 751 | - | €25 | +€25 | |
| Other financial income | 752/9 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €39,227 | €30,418 | -€8,809 | -22.5% |
| Recurring financial charges | 65 | €39,227 | €30,418 | -€8,809 | -22.5% |
| Debt charges | 650 | €39,227 | €30,298 | -€8,929 | -22.8% |
| Other financial charges | 652/9 | €0 | €120 | +€120 | |
| Profit (loss) for the period before taxes | 9903 | €84,263 | €174,317 | +€90,054 | +106.9% |
| Income taxes | 67/77 | €22,646 | €46,312 | +€23,666 | +104.5% |
| Taxes | 670/3 | €22,646 | €46,312 | +€23,666 | +104.5% |
| Profit (loss) for the period | 9904 | €61,616 | €128,005 | +€66,389 | +107.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,616 | €128,005 | +€66,389 | +107.7% |
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.