In reply to ledifer: I would describe that belay as "Safe Practice" but not "Best Practice".
To improve it (and I'm being a very pedantic here);
1) Remove the knot in the sling, it's not needed.
2) Both the Krabs in the 'nut anchor' are placed with gate facing the rock. This increases the chance of the gate being opened. It is unlikely in this belay set up but still possible (more important in bottom rope set ups where the anchor is being loaded and unloaded without you being able to see it, which is why we don't use friends in bottom rope set ups). So as a general rule try and have the gates facing away from the rock where possible.
4)The snap gate in your photo is placed with gate facing the rock, that IS naughty. A screwgate would be preferable in this situation.
5) Have a think about gravity fed gates (now this is being pedantic, but we must search for perfection!). Hold a Krab in your hand so that the main axis/gate is pointing down towards you toes, hinge at the top. To do up the screwgate, the 'screwy thing' has to travel down, ie WITH gravity. Therefore, if the gate is angled like this, it is just about impossible for the screwgate to undo by accident.
The two screwgates in your photo's are not gravity fed. If you were to imagine the snap gate in photo 4 was a screwgate then because it is pointing down it would be gravity feed.
6) The nut belay does not look perfectly equalised. Hard to gauge on a 2D photo but it seems like the top nut is taking most of the load. However as the bottom nut looks a little suspect I may be doing you a dis-service and you could well have equalised it this way to make sure the top nut took more load.
But on the whole I wouldn't break out in a cold sweat if I seconded you and came up to see this anchor.