BEL-PLAN-NET: what changed
BEL-PLAN-NET
Largest movements
- Cash +€60,793
up €60,793 (+24.4%), from €249,089 to €309,882
mainly Tax, wage and social debts (+€181,426) and Net result for the year (+€118,493)
- Deferred charges and accrued income +€36,929
up €36,929 (+12.8%), from €288,442 to €325,371
- Tangible fixed assets -€16,573
down €16,573 (-30.7%), from €54,005 to €37,432
of which Furniture and vehicles: -€14,908
- Tax, wage and social debts +€181,426
up €181,426 (+72.2%), from €251,377 to €432,803
of which Remuneration and social security: +€192,228
- Trade debts -€52,977
down €52,977 (-70.3%), from €75,408 to €22,431
- Other debts -€35,582
down €35,582 (-23.1%), from €153,867 to €118,285
- Reserves +€10,000
up €10,000 (+37.2%), from €26,860 to €36,860
of which Distributable reserves: +€10,000
- Debts after one year -€8,129
down €8,129 (-59.8%), from €13,597 to €5,468
- Staff costs +€126,661
up €126,661 (+3.8%), from €3.3m to €3.4m
- Gross operating margin +€50,355
up €50,355 (+1.4%), from €3.6m to €3.6m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €591,536 | €678,434 | +€86,898 | +14.7% |
| Fixed assets | 21/28 | €54,005 | €37,432 | -€16,573 | -30.7% |
| Tangible fixed assets | 22/27 | €54,005 | €37,432 | -€16,573 | -30.7% |
| Plant, machinery and equipment | 23 | €4,928 | €3,263 | -€1,665 | -33.8% |
| Furniture and vehicles | 24 | €49,077 | €34,169 | -€14,908 | -30.4% |
| Current assets | 29/58 | €537,531 | €641,002 | +€103,471 | +19.2% |
| Amounts receivable within one year | 40/41 | - | €5,749 | +€5,749 | |
| Other amounts receivable | 41 | - | €5,749 | +€5,749 | |
| Cash at bank and in hand | 54/58 | €249,089 | €309,882 | +€60,793 | +24.4% |
| Deferred charges and accrued income | 490/1 | €288,442 | €325,371 | +€36,929 | +12.8% |
| Total equity and liabilities | 10/49 | €591,536 | €678,434 | +€86,898 | +14.7% |
| Equity | 10/15 | €48,635 | €52,128 | +€3,493 | +7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €36,860 | +€10,000 | +37.2% |
| 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 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Profit (loss) carried forward | 14 | €15,575 | €9,068 | -€6,507 | -41.8% |
| Amounts payable | 17/49 | €542,901 | €626,306 | +€83,405 | +15.4% |
| Amounts payable after more than one year | 17 | €13,597 | €5,468 | -€8,129 | -59.8% |
| Financial debts | 170/4 | €13,597 | €5,468 | -€8,129 | -59.8% |
| Amounts payable within one year | 42/48 | €529,304 | €620,838 | +€91,534 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €48,652 | €47,319 | -€1,333 | -2.7% |
| Trade debts | 44 | €75,408 | €22,431 | -€52,977 | -70.3% |
| Suppliers | 440/4 | €75,408 | €22,431 | -€52,977 | -70.3% |
| Taxes, remuneration and social security | 45 | €251,377 | €432,803 | +€181,426 | +72.2% |
| Taxes | 450/3 | €14,586 | €3,784 | -€10,802 | -74.1% |
| Remuneration and social security | 454/9 | €236,791 | €429,019 | +€192,228 | +81.2% |
| Other amounts payable | 47/48 | €153,867 | €118,285 | -€35,582 | -23.1% |
| Remuneration, social security and pensions | 62 | €3,295,451 | €3,422,112 | +€126,661 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,647 | €21,360 | -€287 | -1.3% |
| Other operating charges | 640/8 | €8,970 | €2,627 | -€6,343 | -70.7% |
| Gross operating margin | 9900 | €3,589,998 | €3,640,353 | +€50,355 | +1.4% |
| Operating profit (loss) | 9901 | €263,930 | €194,254 | -€69,676 | -26.4% |
| Financial charges | 65/66B | €2,295 | €1,509 | -€786 | -34.2% |
| Recurring financial charges | 65 | €2,295 | €1,509 | -€786 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €261,635 | €192,745 | -€68,890 | -26.3% |
| Income taxes | 67/77 | €94,010 | €74,252 | -€19,758 | -21.0% |
| Profit (loss) for the period | 9904 | €167,625 | €118,493 | -€49,132 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €167,625 | €118,493 | -€49,132 | -29.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.