BEL - NED: 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.
BEL - NED
Largest movements
- Receivables after one year +€17,190
up €17,190 (+2.0%), from €859,511 to €876,702
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€9,119
down €9,119 (-972%), from -€938 to -€10,057
- Taxes -€2,473
down €2,473 (-60.6%), from €4,079 to €1,606
- Financial income +€295
up €295 (+1.7%), from €16,941 to €17,237
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €913,115 | €923,563 | +€10,448 | +1.1% |
| Fixed assets | 21/28 | €6,500 | €6,500 | = | 0.0% |
| Financial fixed assets | 28 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €906,615 | €917,063 | +€10,448 | +1.2% |
| Amounts receivable after more than one year | 29 | €859,511 | €876,702 | +€17,190 | +2.0% |
| Other amounts receivable | 291 | €859,511 | €876,702 | +€17,190 | +2.0% |
| Amounts receivable within one year | 40/41 | €40,116 | €40,116 | = | 0.0% |
| Trade receivables | 40 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 41 | €116 | €116 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,988 | €246 | -€6,742 | -96.5% |
| Total equity and liabilities | 10/49 | €913,115 | €923,563 | +€10,448 | +1.1% |
| Equity | 10/15 | €909,063 | €913,422 | +€4,359 | +0.5% |
| Contributions | 10/11 | €8,679 | €8,679 | = | 0.0% |
| Reserves | 13 | €900,384 | €904,743 | +€4,359 | +0.5% |
| 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 | €898,524 | €902,883 | +€4,359 | +0.5% |
| Amounts payable | 17/49 | €4,052 | €10,142 | +€6,089 | +150% |
| Amounts payable within one year | 42/48 | €4,052 | €10,142 | +€6,089 | +150% |
| Trade debts | 44 | - | €4,497 | +€4,497 | |
| Suppliers | 440/4 | - | €4,497 | +€4,497 | |
| Taxes, remuneration and social security | 45 | €4,052 | €5,644 | +€1,592 | +39.3% |
| Taxes | 450/3 | €4,052 | €5,644 | +€1,592 | +39.3% |
| Other operating charges | 640/8 | €1,093 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€938 | -€10,057 | -€9,119 | -972% |
| Operating profit (loss) | 9901 | -€2,031 | -€11,183 | -€9,152 | -451% |
| Financial income | 75/76B | €16,941 | €17,237 | +€295 | +1.7% |
| Recurring financial income | 75 | €16,941 | €17,237 | +€295 | +1.7% |
| Financial charges | 65/66B | €39 | €89 | +€50 | +127% |
| Recurring financial charges | 65 | €39 | €89 | +€50 | +127% |
| Profit (loss) for the period before taxes | 9903 | €14,871 | €5,965 | -€8,906 | -59.9% |
| Income taxes | 67/77 | €4,079 | €1,606 | -€2,473 | -60.6% |
| Profit (loss) for the period | 9904 | €10,792 | €4,359 | -€6,433 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,792 | €4,359 | -€6,433 | -59.6% |
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 14 October 2026 via checked.be.