BELEM CONSULTING: 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.
BELEM CONSULTING
Largest movements
- Cash +€33,256
up €33,256 (+475.6%), from €6,993 to €40,249
mainly Net result for the year (+€22,765) and Investment in fixed assets (net) (+€6,680)
- Tangible fixed assets -€7,484
down €7,484 (-69.0%), from €10,853 to €3,369
- Receivables within one year -€893
down €893 (-37.9%), from €2,358 to €1,465
of which Other amounts receivable: -€1,586
- Deferred charges and accrued income +€583
new in 2025: €583
- Reserves +€15,060
new in 2025: €15,060
- Profit (loss) carried forward +€7,705
no longer reported in 2025 (was -€7,705)
- Tax, wage and social debts +€4,788
up €4,788 (+34200.0%), from €14 to €4,802
- Other debts -€2,416
down €2,416 (-11.8%), from €20,462 to €18,046
- Gross operating margin +€34,955
up €34,955, from -€4,989 to €29,966
- Taxes +€4,409
up €4,409 (+31492.9%), from €14 to €4,423
- Other operating charges -€308
down €308 (-14.4%), from €2,142 to €1,834
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 | €20,204 | €45,666 | +€25,462 | +126.0% |
| Fixed assets | 21/28 | €10,853 | €3,369 | -€7,484 | -69.0% |
| Tangible fixed assets | 22/27 | €10,853 | €3,369 | -€7,484 | -69.0% |
| Furniture and vehicles | 24 | €10,853 | €3,369 | -€7,484 | -69.0% |
| Current assets | 29/58 | €9,351 | €42,297 | +€32,946 | +352.3% |
| Amounts receivable within one year | 40/41 | €2,358 | €1,465 | -€893 | -37.9% |
| Trade receivables | 40 | €772 | €1,465 | +€693 | +89.8% |
| Other amounts receivable | 41 | €1,586 | - | -€1,586 | |
| Cash at bank and in hand | 54/58 | €6,993 | €40,249 | +€33,256 | +475.6% |
| Deferred charges and accrued income | 490/1 | - | €583 | +€583 | |
| Total equity and liabilities | 10/49 | €20,204 | €45,666 | +€25,462 | +126.0% |
| Equity | 10/15 | -€2,705 | €20,060 | +€22,765 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €15,060 | +€15,060 | |
| Distributable reserves | 133 | - | €15,060 | +€15,060 | |
| Profit (loss) carried forward | 14 | -€7,705 | - | +€7,705 | |
| Amounts payable | 17/49 | €22,909 | €25,606 | +€2,697 | +11.8% |
| Amounts payable within one year | 42/48 | €22,909 | €25,606 | +€2,697 | +11.8% |
| Trade debts | 44 | €2,433 | €2,758 | +€325 | +13.4% |
| Suppliers | 440/4 | €2,433 | €2,758 | +€325 | +13.4% |
| Taxes, remuneration and social security | 45 | €14 | €4,802 | +€4,788 | +34200.0% |
| Taxes | 450/3 | €14 | €4,802 | +€4,788 | +34200.0% |
| Other amounts payable | 47/48 | €20,462 | €18,046 | -€2,416 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €804 | +€267 | +49.7% |
| Other operating charges | 640/8 | €2,142 | €1,834 | -€308 | -14.4% |
| Gross operating margin | 9900 | -€4,989 | €29,966 | +€34,955 | |
| Operating profit (loss) | 9901 | -€7,668 | €27,328 | +€34,996 | |
| Financial charges | 65/66B | €23 | €140 | +€117 | +508.7% |
| Recurring financial charges | 65 | €23 | €140 | +€117 | +508.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,691 | €27,188 | +€34,879 | |
| Income taxes | 67/77 | €14 | €4,423 | +€4,409 | +31492.9% |
| Profit (loss) for the period | 9904 | -€7,705 | €22,765 | +€30,470 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,705 | €22,765 | +€30,470 |
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 2 October 2026 via checked.be.