Bel Fuse  Class B logo
Bel Fuse Class B BELFB
$ 232.55 3.03%
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Quarterly report 2026-Q2
added 08-04-2026

Bel Fuse Class B Balance Sheet 2025-2008 | BELFB

Brief overview of Bel Fuse Class B's financial position

The balance sheet is assessed across five available annual reports spanning 2021 to 2025.

Assets advanced +82.7% to $935.2 million from $511.8 million; annual growth near 16.3% reflects a fast increase in scale.

Growth in the asset base was not matched by liabilities: +82.7% versus +37.4%. The balance sheet moved in a more conservative direction.

Shareholders' equity accounts for 45.5% of assets, previously 40.8%. Dependence on liabilities is moderate.

The net-debt-to-equity ratio is 0.35x. Balance sheet leverage is low on this measure.

The cash reserve occupies 6.2% of the balance sheet, previously 12.1%. It is one marker of short-term resilience.

Accumulated earnings ended at $403.1 million, a change of +114.5%. They remain an important part of the capital base.

Conclusion

Bel Fuse Class B's financial position is positive on balance sheet evidence. Growth in resources has not undermined capital strength.

Annual Balance Sheet Bel Fuse Class B

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Net Debt

148 M 227 M -23 M 30.6 M 57.6 M 30.6 M 71.4 M 60.3 M 53.3 M 67.8 M 102 M 155 M -49.4 M -71.1 M -65.3 M - - -

Long Term Debt

198 M 288 M 60 M 95 M 112 M 110 M 138 M 112 M 120 M 130 M 162 M 219 M - - - - - -

Long Term Debt Current

8.03 M 7.95 M 6.35 M 5.87 M 6.88 M 6.59 M 7.38 M 2.51 M 2.64 M 11.4 M 24.8 M 13.4 M - - - - - -

Total Non Current Liabilities

- - - - - 181 M 211 M 161 M 186 M 176 M 232 M 289 M 12.5 M 13.4 M 13.4 M 10.6 M - -

Total Current Liabilities

127 M 128 M 111 M 136 M 112 M 87.5 M 90.2 M 106 M 87.3 M 92.3 M 122 M 122 M 66.9 M 46.4 M 42.4 M 46.3 M - -

Total Liabilities

417 M 509 M 231 M 298 M 303 M 268 M 301 M 267 M 273 M 268 M 354 M 411 M 79.3 M 59.8 M 55.8 M 56.8 M - -

Deferred Revenue

9.77 M 6.12 M 3.05 M 8.85 M 2.22 M - - - - - - - - - - - - -

Retained Earnings

403 M 345 M 308 M 237 M 188 M 166 M 157 M 169 M 148 M 161 M 229 M 214 M 208 M 195 M 196 M 195 M - -

Total Assets

935 M 950 M 572 M 560 M 512 M 454 M 469 M 444 M 431 M 427 M 587 M 636 M 308 M 275 M 277 M 277 M - -

Cash and Cash Equivalents

57.8 M 68.3 M 89.4 M 70.3 M 61.8 M 84.9 M 72.3 M 53.9 M 69.4 M 73.4 M 85 M 77.1 M 62.1 M 71.3 M 88.2 M 83.8 M 124 M 75 M

Book Value

519 M 441 M 341 M 262 M 209 M 186 M 168 M 176 M 158 M 158 M 233 M 225 M 229 M 215 M 221 M 220 M - -

Total Shareholders Equity

426 M 361 M 341 M 262 M 209 M 186 M 168 M 176 M 158 M 158 M 233 M 224 M 229 M 215 M 221 M 220 M 209 M 218 M

All numbers in USD currency

Quarterly Balance Sheet Bel Fuse Class B

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

- 204 M 225 M 250 M 280 M 60 M 60 M 60 M 60 M 60 M 100 M 95 M 110 M - 112 M 112 M 112 M 105 M 107 M 110 M 110 M 110 M 110 M 138 M 138 M 138 M 138 M 112 M 112 M 112 M 112 M 120 M 120 M 120 M 120 M 130 M 130 M 130 M 130 M 159 M 159 M 159 M 159 M 219 M 219 M 219 M 219 M - - - - - - - - - - - -

Total Non Current Liabilities

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 290 M 151 M 13 M 12.5 M 13.7 M 12.5 M 12.5 M 13.4 M 13.8 M 13.4 M 13.4 M 13.4 M 13.4 M 13.4 M 13.4 M

Total Liabilities

252 M 416 M 444 M 465 M 483 M 217 M 211 M 209 M 238 M 248 M 296 M 298 M 318 M - 305 M 303 M 287 M 277 M 270 M 268 M 268 M 268 M 268 M 301 M 301 M 301 M 301 M 267 M 267 M 267 M 267 M 273 M 273 M 273 M 273 M 268 M 268 M 268 M 268 M 345 M 345 M 345 M 350 M 411 M 411 M 411 M 411 M 79.4 M 79.4 M 79.4 M 79.4 M 59.8 M 60.2 M 59.8 M 59.8 M 55.8 M 55.8 M 55.8 M 55.8 M

Deferred Revenue

10.6 M 8.54 M 12.1 M 12.3 M 5.46 M 2.58 M 2.32 M 2.61 M 2.94 M 3.54 M 7.14 M 8.85 M 11.3 M - 3.98 M 2.22 M 1.13 M 1.18 M 2.29 M 2.08 M 2.08 M 2.08 M 2.08 M 653 K 653 K 653 K 653 K 1.04 M 776 K 1.04 M 1.04 M - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

438 M 414 M 409 M 388 M 362 M 348 M 340 M 323 M 296 M 278 M 251 M 237 M 224 M - 192 M 188 M 181 M 176 M 169 M 166 M 166 M 166 M 166 M 157 M 157 M 157 M 157 M 169 M 169 M 169 M 169 M 148 M 148 M 148 M 148 M 161 M 161 M 161 M 161 M 229 M 229 M 229 M 229 M 213 M 213 M 213 M 214 M 208 M 208 M 208 M 208 M 195 M 195 M 195 M 195 M 196 M 196 M 196 M 196 M

Total Assets

1.26 B 952 M 953 M 951 M 940 M 584 M 568 M 555 M 559 M 552 M 575 M 560 M 554 M - 520 M 512 M 488 M 474 M 456 M 454 M 454 M 454 M 454 M 469 M 469 M 469 M 469 M 444 M 444 M 444 M 444 M 431 M 431 M 431 M 431 M 427 M 427 M 427 M 427 M 579 M 579 M 579 M 583 M 630 M 635 M 635 M 636 M 308 M 308 M 308 M 308 M 275 M 276 M 275 M 275 M 277 M 277 M 277 M 277 M

Cash and Cash Equivalents

306 M 59.4 M 57.7 M 59.3 M 65.9 M 134 M 85 M 71.3 M 100 M 65.1 M 77.8 M 70.3 M 70.9 M - 51.2 M 61.8 M 62 M 66.4 M 74 M 84.9 M 84.9 M 84.9 M 84.9 M 72.3 M 72.3 M 72.3 M 72.3 M 53.9 M 53.9 M 53.9 M 53.9 M 69.4 M 69.4 M 69.4 M 69.4 M 73.4 M 73.4 M 73.4 M 73.4 M 85 M 85 M 85 M 85 M 77.1 M 77.1 M 77.1 M 77.1 M 62.1 M 62.1 M 62.1 M 62.1 M 71.3 M 71.3 M 71.3 M 71.3 M 88.2 M 88.2 M 88.2 M 88.2 M

Book Value

1.01 B 536 M 509 M 486 M 458 M 367 M 356 M 347 M 321 M 304 M 278 M 262 M 236 M - 215 M 209 M 200 M 197 M 186 M 186 M 186 M 186 M 186 M 168 M 168 M 168 M 168 M 176 M 176 M 176 M 176 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 233 M 233 M 233 M 233 M 219 M 224 M 224 M 225 M 229 M 229 M 229 M 229 M 215 M 215 M 215 M 215 M 221 M 221 M 221 M 221 M

Total Shareholders Equity

909 M 439 M 428 M 405 M 377 M 367 M 356 M 347 M 321 M 304 M 278 M 262 M 236 M 226 M 215 M 209 M 200 M 197 M 186 M 186 M 186 M 186 M 186 M 168 M 168 M 168 M 168 M 176 M 176 M 176 M 176 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 233 M 233 M 233 M 233 M 224 M 224 M 224 M 225 M 229 M 229 M 229 M 229 M 215 M 215 M 215 M 215 M 221 M 221 M 221 M 221 M

All numbers in USD currency

Balance Sheet is a fundamental financial report of Bel Fuse Class B, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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