BELCLEAN: 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.
BELCLEAN
Largest movements
- Stocks and contracts -€88,778
no longer reported in 2025 (was €88,778)
- Receivables within one year +€31,779
up €31,779 (+396.9%), from €8,006 to €39,785
- Cash -€9,134
down €9,134 (-5.9%), from €154,123 to €144,989
mainly Net result for the year (-€34,647) and Receivables within one year (-€31,779)
- Profit (loss) carried forward -€34,647
new in 2025: -€34,647
- Trade debts -€28,642
down €28,642 (-60.0%), from €47,748 to €19,105
- Tax, wage and social debts -€9,185
down €9,185 (-41.3%), from €22,217 to €13,031
of which Taxes: -€9,296
- Other debts +€4,142
up €4,142 (+15.1%), from €27,500 to €31,642
- Gross operating margin -€44,402
down €44,402 (-51.5%), from €86,137 to €41,735
- Staff costs -€13,032
down €13,032 (-18.3%), from €71,068 to €58,036
- Other operating charges +€3,273
up €3,273 (+27.2%), from €12,035 to €15,307
- Financial charges +€1,779
up €1,779 (+207.6%), from €857 to €2,636
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 | €254,191 | €185,857 | -€68,333 | -26.9% |
| Fixed assets | 21/28 | €3,284 | €1,083 | -€2,200 | -67.0% |
| Tangible fixed assets | 22/27 | €3,284 | €1,083 | -€2,200 | -67.0% |
| Land and buildings | 22 | €794 | €680 | -€113 | -14.3% |
| Furniture and vehicles | 24 | €2,490 | €403 | -€2,087 | -83.8% |
| Current assets | 29/58 | €250,907 | €184,774 | -€66,133 | -26.4% |
| Stocks and contracts in progress | 3 | €88,778 | - | -€88,778 | |
| Stocks | 30/36 | €88,778 | - | -€88,778 | |
| Amounts receivable within one year | 40/41 | €8,006 | €39,785 | +€31,779 | +396.9% |
| Trade receivables | 40 | €8,006 | €39,785 | +€31,779 | +396.9% |
| Cash at bank and in hand | 54/58 | €154,123 | €144,989 | -€9,134 | -5.9% |
| Total equity and liabilities | 10/49 | €254,191 | €185,857 | -€68,333 | -26.9% |
| Equity | 10/15 | €156,726 | €122,079 | -€34,647 | -22.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €131,937 | €131,937 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €129,458 | €129,458 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€34,647 | -€34,647 | |
| Amounts payable | 17/49 | €97,464 | €63,778 | -€33,686 | -34.6% |
| Amounts payable within one year | 42/48 | €97,464 | €63,778 | -€33,686 | -34.6% |
| Trade debts | 44 | €47,748 | €19,105 | -€28,642 | -60.0% |
| Suppliers | 440/4 | €47,748 | €19,105 | -€28,642 | -60.0% |
| Taxes, remuneration and social security | 45 | €22,217 | €13,031 | -€9,185 | -41.3% |
| Taxes | 450/3 | €9,660 | €364 | -€9,296 | -96.2% |
| Remuneration and social security | 454/9 | €12,557 | €12,667 | +€110 | +0.9% |
| Other amounts payable | 47/48 | €27,500 | €31,642 | +€4,142 | +15.1% |
| Remuneration, social security and pensions | 62 | €71,068 | €58,036 | -€13,032 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €461 | €459 | -€3 | -0.5% |
| Other operating charges | 640/8 | €12,035 | €15,307 | +€3,273 | +27.2% |
| Non-recurring operating charges | 66A | - | €667 | +€667 | |
| Gross operating margin | 9900 | €86,137 | €41,735 | -€44,402 | -51.5% |
| Operating profit (loss) | 9901 | €2,573 | -€32,734 | -€35,307 | |
| Financial income | 75/76B | - | €723 | +€723 | |
| Recurring financial income | 75 | - | €723 | +€723 | |
| Financial charges | 65/66B | €857 | €2,636 | +€1,779 | +207.6% |
| Recurring financial charges | 65 | €857 | €2,636 | +€1,779 | +207.6% |
| Profit (loss) for the period before taxes | 9903 | €1,716 | -€34,647 | -€36,364 | |
| Income taxes | 67/77 | €506 | - | -€506 | |
| Profit (loss) for the period | 9904 | €1,211 | -€34,647 | -€35,858 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,211 | -€34,647 | -€35,858 |
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 29 September 2026 via checked.be.