50FIVE BELUX: 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.
What changed
50FIVE BELUX
NACE 35.150, Electricity, gas, steam and air conditioning supply
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €59,527+€1.3m
Equity
€969,375
2024 · -€369,125+€1.3m
Cash
€762,322
2024 · €351,765+€410,557
Balance sheet total
€9.8m
2024 · €9.9m-€22,458
Largest movements
Assets
- Stocks and contracts -€665,501
down €665,501 (-38.9%), from €1.7m to €1.0m
of which Stocks: -€1.1m
- Cash +€410,557
up €410,557 (+117%), from €351,765 to €762,322
mainly Net result for the year (+€1.3m) and Stocks and contracts (+€665,501)
- Receivables within one year +€241,005
up €241,005 (+3.9%), from €6.2m to €6.5m
of which Other amounts receivable: +€207,779
Equity and liabilities
- Profit (loss) carried forward +€1.3m
up €1.3m (+37.8%), from -€3.5m to -€2.2m
- Trade debts -€1.2m
down €1.2m (-15.8%), from €7.9m to €6.7m
- Advances received -€534,370
down €534,370 (-100%), from €534,370 to €0
- Tax, wage and social debts +€477,706
up €477,706 (+210%), from €227,192 to €704,898
of which Remuneration and social security: +€404,814
- Other debts +€147,562
up €147,562 (+627%), from €23,520 to €171,082
Income statement
- Goods and materials -€1.6m
down €1.6m (-9.7%), from €16.5m to €14.9m
of which Change in stocks: decrease (increase): -€2.1m
- Turnover +€414,041
up €414,041 (+2.0%), from €20.8m to €21.2m
- Staff costs +€405,051
up €405,051 (+17.1%), from €2.4m to €2.8m
- Services and other goods +€383,497
up €383,497 (+21.5%), from €1.8m to €2.2m
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
€59,527
Turnover
+€414,041
Other operating income
-€155,898
Goods and materials
+€1.6m
Services and other goods
-€383,497
Staff costs
-€405,051
Depreciation
-€30,335
Other operating charges
-€83,995
Other operating items
+€395,349
Financial income
-€58,081
Financial charges
+€3,158
Taxes
-€24,067
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€926,654
Investment
-€433,355
Financing
-€82,741
Cash 2024
€351,765
From operations (derived)
+€926,654
Net result for the year
+€1.3m
Depreciation
+€535,000
Stocks and contracts
+€665,501
Receivables within one year
-€241,005
Deferred charges and accrued income
-€93,126
Trade debts
-€1.2m
Tax, wage and social debts
+€477,706
Advances received
-€534,370
Other debts
+€147,562
Accrued charges and deferred income
-€124,778
Investment (derived)
-€433,355
Investment in fixed assets (net)
-€433,355
Financing
-€82,741
Debts after one year
-€143,930
Current portion of long-term debt
+€61,189
Cash 2025
€762,322
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,870,511 | €9,848,053 | -€22,458 | -0.2% |
| Fixed assets | 21/28 | €1,446,167 | €1,344,522 | -€101,645 | -7.0% |
| Intangible fixed assets | 21 | €40,809 | €22,854 | -€17,955 | -44.0% |
| Tangible fixed assets | 22/27 | €1,327,608 | €1,235,542 | -€92,066 | -6.9% |
| Plant, machinery and equipment | 23 | €1,877 | €838 | -€1,039 | -55.4% |
| Furniture and vehicles | 24 | €64,393 | €61,772 | -€2,621 | -4.1% |
| Leasing and similar rights | 25 | - | €1,172,932 | +€1.2m | |
| Other tangible fixed assets | 26 | €1,261,338 | €0 | -€1.3m | -100% |
| Financial fixed assets | 28 | €77,750 | €86,125 | +€8,375 | +10.8% |
| Affiliated companies | 280/1 | €61,500 | €61,500 | = | 0.0% |
| Participating interests | 280 | €61,500 | €61,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €16,250 | €24,625 | +€8,375 | +51.5% |
| Amounts receivable and cash guarantees | 285/8 | €16,250 | €24,625 | +€8,375 | +51.5% |
| Current assets | 29/58 | €8,424,344 | €8,503,531 | +€79,187 | +0.9% |
| Stocks and contracts in progress | 3 | €1,710,612 | €1,045,111 | -€665,501 | -38.9% |
| Stocks | 30/36 | €1,710,612 | €653,344 | -€1.1m | -61.8% |
| Goods purchased for resale | 34 | €755,606 | €653,344 | -€102,262 | -13.5% |
| Advance payments | 36 | €955,006 | €0 | -€955,006 | -100% |
| Contracts in progress | 37 | - | €391,767 | +€391,767 | |
| Amounts receivable within one year | 40/41 | €6,220,512 | €6,461,518 | +€241,005 | +3.9% |
| Trade receivables | 40 | €6,207,907 | €6,241,133 | +€33,226 | +0.5% |
| Other amounts receivable | 41 | €12,605 | €220,384 | +€207,779 | +1,648% |
| Cash at bank and in hand | 54/58 | €351,765 | €762,322 | +€410,557 | +117% |
| Deferred charges and accrued income | 490/1 | €141,455 | €234,581 | +€93,126 | +65.8% |
| Total equity and liabilities | 10/49 | €9,870,511 | €9,848,053 | -€22,458 | -0.2% |
| Equity | 10/15 | -€369,125 | €969,375 | +€1.3m | |
| Contributions | 10/11 | €3,175,315 | €3,175,315 | = | 0.0% |
| Capital | 10 | €3,175,315 | €3,175,315 | = | 0.0% |
| Issued capital | 100 | €3,175,315 | €3,175,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,544,441 | -€2,205,940 | +€1.3m | +37.8% |
| Amounts payable | 17/49 | €10,239,636 | €8,878,678 | -€1.4m | -13.3% |
| Amounts payable after more than one year | 17 | €893,303 | €749,373 | -€143,930 | -16.1% |
| Financial debts | 170/4 | €893,303 | €749,373 | -€143,930 | -16.1% |
| Leasing and similar obligations | 172 | €893,303 | €749,373 | -€143,930 | -16.1% |
| Amounts payable within one year | 42/48 | €9,152,791 | €8,060,541 | -€1.1m | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €468,136 | €529,325 | +€61,189 | +13.1% |
| Trade debts | 44 | €7,899,574 | €6,655,237 | -€1.2m | -15.8% |
| Suppliers | 440/4 | €7,899,574 | €6,655,237 | -€1.2m | -15.8% |
| Advances received on contracts in progress | 46 | €534,370 | €0 | -€534,370 | -100% |
| Taxes, remuneration and social security | 45 | €227,192 | €704,898 | +€477,706 | +210% |
| Taxes | 450/3 | €13,909 | €86,801 | +€72,892 | +524% |
| Remuneration and social security | 454/9 | €213,282 | €618,097 | +€404,814 | +190% |
| Other amounts payable | 47/48 | €23,520 | €171,082 | +€147,562 | +627% |
| Accrued charges and deferred income | 492/3 | €193,542 | €68,764 | -€124,778 | -64.5% |
| Operating income | 70/76A | €21,314,858 | €21,964,767 | +€649,910 | +3.0% |
| Turnover | 70 | €20,831,398 | €21,245,439 | +€414,041 | +2.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €391,767 | +€391,767 | |
| Other operating income | 74 | €483,460 | €327,562 | -€155,898 | -32.2% |
| Operating charges | 60/66A | €21,181,853 | €20,473,799 | -€708,054 | -3.3% |
| Goods for resale, raw materials and consumables | 60 | €16,515,830 | €14,908,479 | -€1.6m | -9.7% |
| Purchases | 600/8 | €14,277,969 | €14,806,217 | +€528,248 | +3.7% |
| Change in stocks: decrease (increase) | 609 | €2,237,860 | €102,262 | -€2.1m | -95.4% |
| Services and other goods | 61 | €1,781,755 | €2,165,252 | +€383,497 | +21.5% |
| Remuneration, social security and pensions | 62 | €2,374,313 | €2,779,364 | +€405,051 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504,665 | €535,000 | +€30,335 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,708 | €85,703 | +€83,995 | +4,917% |
| Non-recurring operating charges | 66A | €3,582 | €0 | -€3,582 | -100% |
| Operating profit (loss) | 9901 | €133,005 | €1,490,968 | +€1.4m | +1,021% |
| Financial income | 75/76B | €75,075 | €16,994 | -€58,081 | -77.4% |
| Recurring financial income | 75 | €15,075 | €16,994 | +€1,919 | +12.7% |
| Income from current assets | 751 | €15,070 | €16,994 | +€1,923 | +12.8% |
| Other financial income | 752/9 | €5 | €0 | -€4 | -89.9% |
| Non-recurring financial income | 76B | €60,000 | €0 | -€60,000 | -100% |
| Financial charges | 65/66B | €134,445 | €131,287 | -€3,158 | -2.3% |
| Recurring financial charges | 65 | €134,445 | €131,287 | -€3,158 | -2.3% |
| Debt charges | 650 | €133,613 | €130,520 | -€3,093 | -2.3% |
| Other financial charges | 652/9 | €832 | €768 | -€64 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €73,635 | €1,376,675 | +€1.3m | +1,770% |
| Income taxes | 67/77 | €14,108 | €38,175 | +€24,067 | +171% |
| Taxes | 670/3 | €14,108 | €38,175 | +€24,067 | +171% |
| Profit (loss) for the period | 9904 | €59,527 | €1,338,500 | +€1.3m | +2,149% |
| Profit (loss) for the period to be appropriated | 9905 | €59,527 | €1,338,500 | +€1.3m | +2,149% |
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 21 October 2026 via checked.be.