BEELDBAZAAR: 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.
BEELDBAZAAR
Largest movements
- Receivables within one year +€37,537
up €37,537 (+285.2%), from €13,162 to €50,699
of which Trade receivables: +€37,387
- Cash -€3,511
down €3,511 (-1.5%), from €240,701 to €237,190
mainly Receivables within one year (-€37,537) and Net result for the year (-€15,884)
- Trade debts +€48,542
up €48,542 (+5806.8%), from €836 to €49,378
- Reserves -€15,884
down €15,884 (-10.1%), from €157,697 to €141,813
of which Distributable reserves: -€15,884
- Gross operating margin +€3,784
up €3,784 (+27.4%), from -€13,825 to -€10,041
- Financial charges +€705
up €705 (+13.8%), from €5,105 to €5,810
- Depreciation -€420
down €420 (-71.8%), from €584 to €165
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 | €254,567 | €289,584 | +€35,017 | +13.8% |
| Fixed assets | 21/28 | €336 | €1,270 | +€934 | +277.8% |
| Tangible fixed assets | 22/27 | €336 | €1,270 | +€934 | +277.8% |
| Furniture and vehicles | 24 | €336 | €1,270 | +€934 | +277.8% |
| Current assets | 29/58 | €254,231 | €288,314 | +€34,083 | +13.4% |
| Amounts receivable within one year | 40/41 | €13,162 | €50,699 | +€37,537 | +285.2% |
| Trade receivables | 40 | €12,947 | €50,334 | +€37,387 | +288.8% |
| Other amounts receivable | 41 | €215 | €365 | +€150 | +69.8% |
| Cash at bank and in hand | 54/58 | €240,701 | €237,190 | -€3,511 | -1.5% |
| Deferred charges and accrued income | 490/1 | €368 | €425 | +€57 | +15.5% |
| Total equity and liabilities | 10/49 | €254,567 | €289,584 | +€35,017 | +13.8% |
| Equity | 10/15 | €163,897 | €148,013 | -€15,884 | -9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,697 | €141,813 | -€15,884 | -10.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €155,837 | €139,953 | -€15,884 | -10.2% |
| Amounts payable | 17/49 | €90,670 | €141,571 | +€50,900 | +56.1% |
| Amounts payable after more than one year | 17 | €79,936 | €80,204 | +€268 | +0.3% |
| Other amounts payable | 178/9 | €79,936 | €80,204 | +€268 | +0.3% |
| Amounts payable within one year | 42/48 | €10,735 | €61,367 | +€50,632 | +471.7% |
| Financial debts | 43 | - | €1,268 | +€1,268 | |
| Credit institutions | 430/8 | - | €1,268 | +€1,268 | |
| Trade debts | 44 | €836 | €49,378 | +€48,542 | +5806.8% |
| Suppliers | 440/4 | €836 | €49,378 | +€48,542 | +5806.8% |
| Taxes, remuneration and social security | 45 | €6,442 | €6,753 | +€311 | +4.8% |
| Taxes | 450/3 | €6,442 | €6,753 | +€311 | +4.8% |
| Other amounts payable | 47/48 | €3,457 | €3,968 | +€511 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584 | €165 | -€420 | -71.8% |
| Other operating charges | 640/8 | €921 | €860 | -€61 | -6.7% |
| Gross operating margin | 9900 | -€13,825 | -€10,041 | +€3,784 | +27.4% |
| Operating profit (loss) | 9901 | -€15,331 | -€11,065 | +€4,265 | +27.8% |
| Financial income | 75/76B | €1,258 | €1,200 | -€58 | -4.6% |
| Recurring financial income | 75 | €1,258 | €1,200 | -€58 | -4.6% |
| Financial charges | 65/66B | €5,105 | €5,810 | +€705 | +13.8% |
| Recurring financial charges | 65 | €5,105 | €5,810 | +€705 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,178 | -€15,675 | +€3,503 | +18.3% |
| Income taxes | 67/77 | €162 | €209 | +€46 | +28.6% |
| Profit (loss) for the period | 9904 | -€19,340 | -€15,884 | +€3,456 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,340 | -€15,884 | +€3,456 | +17.9% |
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 7 October 2026 via checked.be.