Belconfect: what changed
What changed
Belconfect
NACE 14.230, Manufacture of wearing apparel
filed annual accounts (NBB)
Net result for the year
€192,111
2024 · €1.3m-€1.1m
Equity
€5.2m
2024 · €5.0m+€192,111
Cash
€601,925
2024 · €536,160+€65,765
Balance sheet total
€9.2m
2024 · €8.9m+€267,678
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+50.2%), from €2.3m to €3.5m
of which Trade receivables: +€613,357
- Stocks and contracts -€744,972
down €744,972 (-14.6%), from €5.1m to €4.4m
- Deferred charges and accrued income -€115,309
down €115,309 (-59.9%), from €192,502 to €77,193
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m, from €0 to €1.9m
of which Financial debts: +€1.9m
- Short-term financial debts -€1.8m
down €1.8m (-100%), from €1.8m to €0
- Reserves +€192,111
up €192,111 (+3.9%), from €5.0m to €5.2m
of which Distributable reserves: +€192,111
- Accrued charges and deferred income +€149,906
up €149,906 (+393%), from €38,175 to €188,081
- Trade debts -€147,989
down €147,989 (-14.0%), from €1.1m to €905,639
Income statement
- Goods and materials +€829,245
up €829,245 (+7.3%), from €11.3m to €12.1m
of which Purchases: +€963,047
- Write-downs +€388,016
up €388,016, from -€17 to €387,999
- Taxes -€382,115
down €382,115 (-79.9%), from €478,424 to €96,309
- Services and other goods +€291,986
up €291,986 (+11.4%), from €2.6m to €2.9m
- Turnover +€208,391
up €208,391 (+1.2%), from €18.0m to €18.2m
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.
Result 2024
€1.3m
Turnover
+€208,391
Other operating income
-€8,279
Goods and materials
-€829,245
Services and other goods
-€291,986
Staff costs
-€23,184
Depreciation
-€18,070
Write-downs
-€388,016
Other operating charges
+€8,805
Other operating items
-€121,382
Financial income
+€14,050
Financial charges
+€6,491
Taxes
+€382,115
Result 2025
€192,111
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€24,381
Investment
-€42,231
Financing
+€132,377
Cash 2024
€536,160
From operations (derived)
-€24,381
Net result for the year
+€192,111
Depreciation
+€150,242
Stocks and contracts
+€744,972
Receivables within one year
-€1.2m
Deferred charges and accrued income
+€115,309
Trade debts
-€147,989
Tax, wage and social debts
-€57,328
Advances received
+€15,339
Other debts
-€16,738
Accrued charges and deferred income
+€149,906
Investment (derived)
-€42,231
Investment in fixed assets (net)
-€42,231
Financing
+€132,377
Debts after one year
+€1.9m
Current portion of long-term debt
-€2,860
Short-term financial debts
-€1.8m
Cash 2025
€601,925
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,921,687 | €9,189,365 | +€267,678 | +3.0% |
| Fixed assets | 21/28 | €759,392 | €651,381 | -€108,012 | -14.2% |
| Intangible fixed assets | 21 | €310,411 | €282,592 | -€27,819 | -9.0% |
| Tangible fixed assets | 22/27 | €448,981 | €368,788 | -€80,193 | -17.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €120,797 | €91,116 | -€29,681 | -24.6% |
| Furniture and vehicles | 24 | €69,371 | €57,670 | -€11,701 | -16.9% |
| Other tangible fixed assets | 26 | €258,813 | €220,003 | -€38,810 | -15.0% |
| Current assets | 29/58 | €8,162,295 | €8,537,985 | +€375,690 | +4.6% |
| Stocks and contracts in progress | 3 | €5,103,814 | €4,358,842 | -€744,972 | -14.6% |
| Stocks | 30/36 | €5,103,814 | €4,358,842 | -€744,972 | -14.6% |
| Raw materials and consumables | 30/31 | €878,200 | €703,484 | -€174,717 | -19.9% |
| Work in progress | 32 | €328,162 | €452,796 | +€124,634 | +38.0% |
| Finished goods | 33 | €1,237,329 | €920,395 | -€316,934 | -25.6% |
| Goods purchased for resale | 34 | €2,660,124 | €2,282,168 | -€377,956 | -14.2% |
| Amounts receivable within one year | 40/41 | €2,329,819 | €3,500,025 | +€1.2m | +50.2% |
| Trade receivables | 40 | €2,329,819 | €2,943,177 | +€613,357 | +26.3% |
| Other amounts receivable | 41 | €0 | €556,849 | +€556,849 | |
| Cash at bank and in hand | 54/58 | €536,160 | €601,925 | +€65,765 | +12.3% |
| Deferred charges and accrued income | 490/1 | €192,502 | €77,193 | -€115,309 | -59.9% |
| Total equity and liabilities | 10/49 | €8,921,687 | €9,189,365 | +€267,678 | +3.0% |
| Equity | 10/15 | €5,021,996 | €5,214,107 | +€192,111 | +3.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,959,996 | €5,152,107 | +€192,111 | +3.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,297 | €3,297 | = | 0.0% |
| Distributable reserves | 133 | €4,950,499 | €5,142,610 | +€192,111 | +3.9% |
| Amounts payable | 17/49 | €3,899,691 | €3,975,259 | +€75,567 | +1.9% |
| Amounts payable after more than one year | 17 | €0 | €1,889,330 | +€1.9m | |
| Financial debts | 170/4 | €0 | €1,889,330 | +€1.9m | |
| Credit institutions | 173 | €0 | - | = | |
| Other loans | 174 | - | €1,889,330 | +€1.9m | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,861,516 | €1,897,848 | -€2.0m | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €2,860 | €0 | -€2,860 | -100% |
| Financial debts | 43 | €1,754,093 | €0 | -€1.8m | -100% |
| Credit institutions | 430/8 | €1,754,093 | €0 | -€1.8m | -100% |
| Trade debts | 44 | €1,053,628 | €905,639 | -€147,989 | -14.0% |
| Suppliers | 440/4 | €1,053,628 | €905,639 | -€147,989 | -14.0% |
| Advances received on contracts in progress | 46 | €130,870 | €146,209 | +€15,339 | +11.7% |
| Taxes, remuneration and social security | 45 | €903,327 | €845,999 | -€57,328 | -6.3% |
| Taxes | 450/3 | €662,124 | €620,165 | -€41,958 | -6.3% |
| Remuneration and social security | 454/9 | €241,204 | €225,834 | -€15,370 | -6.4% |
| Other amounts payable | 47/48 | €16,738 | €0 | -€16,738 | -100% |
| Accrued charges and deferred income | 492/3 | €38,175 | €188,081 | +€149,906 | +393% |
| Operating income | 70/76A | €18,083,303 | €18,138,649 | +€55,345 | +0.3% |
| Turnover | 70 | €18,038,908 | €18,247,299 | +€208,391 | +1.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€45,710 | -€192,300 | -€146,590 | -321% |
| Other operating income | 74 | €85,627 | €77,348 | -€8,279 | -9.7% |
| Non-recurring operating income | 76A | €4,478 | €6,302 | +€1,825 | +40.8% |
| Operating charges | 60/66A | €16,259,197 | €17,777,509 | +€1.5m | +9.3% |
| Goods for resale, raw materials and consumables | 60 | €11,299,597 | €12,128,842 | +€829,245 | +7.3% |
| Purchases | 600/8 | €10,983,309 | €11,946,356 | +€963,047 | +8.8% |
| Change in stocks: decrease (increase) | 609 | €316,287 | €182,486 | -€133,802 | -42.3% |
| Services and other goods | 61 | €2,571,600 | €2,863,585 | +€291,986 | +11.4% |
| Remuneration, social security and pensions | 62 | €2,184,739 | €2,207,923 | +€23,184 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,172 | €150,242 | +€18,070 | +13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17 | €387,999 | +€388,016 | |
| Other operating charges | 640/8 | €47,723 | €38,918 | -€8,805 | -18.4% |
| Non-recurring operating charges | 66A | €23,384 | €0 | -€23,384 | -100% |
| Operating profit (loss) | 9901 | €1,824,106 | €361,140 | -€1.5m | -80.2% |
| Financial income | 75/76B | €123,204 | €137,254 | +€14,050 | +11.4% |
| Recurring financial income | 75 | €123,204 | €137,254 | +€14,050 | +11.4% |
| Income from current assets | 751 | €234 | €1,880 | +€1,646 | +704% |
| Other financial income | 752/9 | €122,971 | €135,375 | +€12,404 | +10.1% |
| Financial charges | 65/66B | €216,466 | €209,975 | -€6,491 | -3.0% |
| Recurring financial charges | 65 | €216,466 | €209,975 | -€6,491 | -3.0% |
| Debt charges | 650 | €126,677 | €121,372 | -€5,305 | -4.2% |
| Other financial charges | 652/9 | €89,788 | €88,603 | -€1,186 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €1,730,844 | €288,419 | -€1.4m | -83.3% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €478,424 | €96,309 | -€382,115 | -79.9% |
| Taxes | 670/3 | €478,424 | €96,309 | -€382,115 | -79.9% |
| Profit (loss) for the period | 9904 | €1,252,421 | €192,111 | -€1.1m | -84.7% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,252,421 | €192,111 | -€1.1m | -84.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.