BELZATAX: 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.
BELZATAX
Largest movements
- Tangible fixed assets -€3,319
down €3,319 (-59.5%), from €5,582 to €2,263
- Cash -€2,359
down €2,359 (-34.6%), from €6,824 to €4,465
mainly Receivables within one year (-€2,270) and Tax, wage and social debts (-€1,499)
- Receivables within one year +€2,270
up €2,270 (+9.9%), from €22,820 to €25,091
- Tax, wage and social debts -€1,499
down €1,499 (-24.8%), from €6,047 to €4,548
- Trade debts -€1,213
down €1,213 (-26.8%), from €4,523 to €3,310
- Profit (loss) carried forward -€696
down €696 (-54.7%), from -€1,272 to -€1,968
- Turnover -€11,196
down €11,196 (-55.5%), from €20,189 to €8,993
- Gross operating margin -€5,602
down €5,602 (-65.5%), from €8,546 to €2,945
- Purchases and services -€5,594
down €5,594 (-48.0%), from €11,642 to €6,048
- Taxes -€1,248
no longer reported in 2025 (was €1,248)
- Other operating charges -€782
down €782 (-93.1%), from €840 to €58
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 | €35,326 | €31,919 | -€3,408 | -9.6% |
| Fixed assets | 21/28 | €5,682 | €2,363 | -€3,319 | -58.4% |
| Tangible fixed assets | 22/27 | €5,582 | €2,263 | -€3,319 | -59.5% |
| Furniture and vehicles | 24 | €5,582 | €2,263 | -€3,319 | -59.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €29,645 | €29,556 | -€89 | -0.3% |
| Amounts receivable within one year | 40/41 | €22,820 | €25,091 | +€2,270 | +9.9% |
| Other amounts receivable | 41 | €22,820 | €25,091 | +€2,270 | +9.9% |
| Cash at bank and in hand | 54/58 | €6,824 | €4,465 | -€2,359 | -34.6% |
| Total equity and liabilities | 10/49 | €35,326 | €31,919 | -€3,408 | -9.6% |
| Equity | 10/15 | €24,757 | €24,061 | -€696 | -2.8% |
| Contributions | 10/11 | €26,029 | €26,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,272 | -€1,968 | -€696 | -54.7% |
| Amounts payable | 17/49 | €10,570 | €7,858 | -€2,712 | -25.7% |
| Amounts payable within one year | 42/48 | €10,570 | €7,858 | -€2,712 | -25.7% |
| Trade debts | 44 | €4,523 | €3,310 | -€1,213 | -26.8% |
| Suppliers | 440/4 | €4,523 | €3,310 | -€1,213 | -26.8% |
| Taxes, remuneration and social security | 45 | €6,047 | €4,548 | -€1,499 | -24.8% |
| Taxes | 450/3 | €6,047 | €4,548 | -€1,499 | -24.8% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Turnover | 70 | €20,189 | €8,993 | -€11,196 | -55.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,642 | €6,048 | -€5,594 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,319 | €3,319 | -€0 | 0.0% |
| Other operating charges | 640/8 | €840 | €58 | -€782 | -93.1% |
| Gross operating margin | 9900 | €8,546 | €2,945 | -€5,602 | -65.5% |
| Operating profit (loss) | 9901 | €4,387 | -€432 | -€4,820 | |
| Financial income | 75/76B | €542 | - | -€542 | |
| Recurring financial income | 75 | €542 | - | -€542 | |
| Financial charges | 65/66B | €238 | €264 | +€26 | +10.9% |
| Recurring financial charges | 65 | €238 | €264 | +€26 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €4,692 | -€696 | -€5,388 | |
| Income taxes | 67/77 | €1,248 | - | -€1,248 | |
| Profit (loss) for the period | 9904 | €3,444 | -€696 | -€4,140 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,444 | -€696 | -€4,140 |
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 18 October 2026 via checked.be.