Bel-Gem: 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
Bel-Gem
NACE 81.210, General cleaning of buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€18,079
2024 · €29,239-€11,160
Equity
€347,338
2024 · €329,259+€18,079
Cash
€64,519
2024 · €46,259+€18,260
Balance sheet total
€464,625
2024 · €461,342+€3,282
Largest movements
Assets
- Tangible fixed assets -€23,022
down €23,022 (-24.7%), from €93,289 to €70,267
- Cash +€18,260
up €18,260 (+39.5%), from €46,259 to €64,519
mainly Depreciation (+€25,071) and Net result for the year (+€18,079)
- Receivables within one year +€5,500
up €5,500 (+1.9%), from €292,494 to €297,994
of which Other amounts receivable: +€13,910
Equity and liabilities
- Reserves +€18,000
up €18,000 (+5.9%), from €307,011 to €325,011
of which Distributable reserves: +€18,000
- Debts after one year -€8,082
down €8,082 (-41.4%), from €19,499 to €11,418
- Trade debts -€7,211
down €7,211 (-29.1%), from €24,774 to €17,563
Income statement
- Gross operating margin +€58,278
up €58,278 (+52.9%), from €110,255 to €168,533
- Staff costs +€39,157
up €39,157 (+51.9%), from €75,509 to €114,666
- Write-downs +€35,576
up €35,576, from -€35,576 to €0
- Taxes -€5,095
down €5,095 (-34.0%), from €14,971 to €9,876
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
€29,239
Gross operating margin
+€58,278
Staff costs
-€39,157
Depreciation
+€364
Write-downs
-€35,576
Other operating charges
-€1,498
Financial income
+€1,362
Financial charges
-€28
Taxes
+€5,095
Result 2025
€18,079
raises the resultlowers the result
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
+€31,681
Investment
-€2,049
Financing
-€11,372
Cash 2024
€46,259
From operations (derived)
+€31,681
Net result for the year
+€18,079
Depreciation
+€25,071
Stocks and contracts
-€2,364
Receivables within one year
-€5,500
Deferred charges and accrued income
-€180
Trade debts
-€7,211
Tax, wage and social debts
+€4,086
Other debts
-€461
Accrued charges and deferred income
+€162
Investment (derived)
-€2,049
Investment in fixed assets (net)
-€2,049
Financing
-€11,372
Debts after one year
-€8,082
Current portion of long-term debt
-€2,384
Short-term financial debts
-€907
Cash 2025
€64,519
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €461,342 | €464,625 | +€3,282 | +0.7% |
| Fixed assets | 21/28 | €95,929 | €72,907 | -€23,022 | -24.0% |
| Tangible fixed assets | 22/27 | €93,289 | €70,267 | -€23,022 | -24.7% |
| Land and buildings | 22 | €34,538 | €30,984 | -€3,553 | -10.3% |
| Plant, machinery and equipment | 23 | €13,491 | €9,537 | -€3,954 | -29.3% |
| Furniture and vehicles | 24 | €15,478 | €6,257 | -€9,221 | -59.6% |
| Leasing and similar rights | 25 | €29,684 | €21,507 | -€8,177 | -27.5% |
| Other tangible fixed assets | 26 | €99 | €1,983 | +€1,883 | +1,895% |
| Financial fixed assets | 28 | €2,640 | €2,640 | = | 0.0% |
| Current assets | 29/58 | €365,413 | €391,718 | +€26,304 | +7.2% |
| Stocks and contracts in progress | 3 | €19,770 | €22,134 | +€2,364 | +12.0% |
| Stocks | 30/36 | €19,770 | €22,134 | +€2,364 | +12.0% |
| Amounts receivable within one year | 40/41 | €292,494 | €297,994 | +€5,500 | +1.9% |
| Trade receivables | 40 | €124,493 | €116,083 | -€8,410 | -6.8% |
| Other amounts receivable | 41 | €168,001 | €181,911 | +€13,910 | +8.3% |
| Cash at bank and in hand | 54/58 | €46,259 | €64,519 | +€18,260 | +39.5% |
| Deferred charges and accrued income | 490/1 | €6,890 | €7,070 | +€180 | +2.6% |
| Total equity and liabilities | 10/49 | €461,342 | €464,625 | +€3,282 | +0.7% |
| Equity | 10/15 | €329,259 | €347,338 | +€18,079 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €307,011 | €325,011 | +€18,000 | +5.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,151 | €26,151 | = | 0.0% |
| Distributable reserves | 133 | €279,000 | €297,000 | +€18,000 | +6.5% |
| Profit (loss) carried forward | 14 | €3,648 | €3,727 | +€79 | +2.2% |
| Amounts payable | 17/49 | €132,083 | €117,286 | -€14,797 | -11.2% |
| Amounts payable after more than one year | 17 | €19,499 | €11,418 | -€8,082 | -41.4% |
| Financial debts | 170/4 | €19,499 | €11,418 | -€8,082 | -41.4% |
| Amounts payable within one year | 42/48 | €111,911 | €105,034 | -€6,877 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €10,465 | €8,082 | -€2,384 | -22.8% |
| Financial debts | 43 | €43,400 | €42,493 | -€907 | -2.1% |
| Credit institutions | 430/8 | €43,400 | €42,493 | -€907 | -2.1% |
| Trade debts | 44 | €24,774 | €17,563 | -€7,211 | -29.1% |
| Suppliers | 440/4 | €24,774 | €17,563 | -€7,211 | -29.1% |
| Taxes, remuneration and social security | 45 | €32,811 | €36,897 | +€4,086 | +12.5% |
| Taxes | 450/3 | €22,924 | €23,279 | +€355 | +1.5% |
| Remuneration and social security | 454/9 | €9,887 | €13,618 | +€3,731 | +37.7% |
| Other amounts payable | 47/48 | €461 | €0 | -€461 | -100% |
| Accrued charges and deferred income | 492/3 | €673 | €834 | +€162 | +24.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €75,509 | €114,666 | +€39,157 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,435 | €25,071 | -€364 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€35,576 | €0 | +€35,576 | |
| Other operating charges | 640/8 | €2,699 | €4,197 | +€1,498 | +55.5% |
| Gross operating margin | 9900 | €110,255 | €168,533 | +€58,278 | +52.9% |
| Operating profit (loss) | 9901 | €42,188 | €24,599 | -€17,588 | -41.7% |
| Financial income | 75/76B | €7,142 | €8,504 | +€1,362 | +19.1% |
| Recurring financial income | 75 | €7,142 | €8,504 | +€1,362 | +19.1% |
| Financial charges | 65/66B | €5,120 | €5,148 | +€28 | +0.6% |
| Recurring financial charges | 65 | €5,120 | €5,148 | +€28 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €44,210 | €27,955 | -€16,255 | -36.8% |
| Income taxes | 67/77 | €14,971 | €9,876 | -€5,095 | -34.0% |
| Profit (loss) for the period | 9904 | €29,239 | €18,079 | -€11,160 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,239 | €18,079 | -€11,160 | -38.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.