BELFRU: what changed
What changed
BELFRU
NACE 47.210, Retail sale of fruit and vegetables
filed annual accounts (NBB)
Net result for the year
€39,202
2024 · €17,627+€21,575
Equity
€2.0m
2024 · €2.0m+€39,202
Cash
€131,247
2024 · €103,125+€28,123
Balance sheet total
€2.7m
2024 · €2.8m-€49,293
Largest movements
Assets
- Tangible fixed assets -€122,573
down €122,573 (-5.2%), from €2.3m to €2.2m
of which Land and buildings: -€112,149
- Receivables within one year +€76,407
up €76,407 (+396%), from €19,280 to €95,687
of which Trade receivables: +€76,937
- Stocks and contracts -€35,369
down €35,369 (-12.2%), from €289,686 to €254,317
- Cash +€28,123
up €28,123 (+27.3%), from €103,125 to €131,247
mainly Depreciation (+€237,800) and Trade debts (+€96,274)
Equity and liabilities
- Short-term financial debts -€110,000
down €110,000 (-100%), from €110,000 to €0
- Trade debts +€96,274
up €96,274 (+89.7%), from €107,293 to €203,567
- Debts after one year -€50,250
down €50,250 (-11.4%), from €440,105 to €389,855
- Reserves +€39,202
up €39,202 (+4.3%), from €902,932 to €942,134
of which Distributable reserves: +€37,407
Income statement
- Gross operating margin +€43,182
up €43,182 (+5.4%), from €802,950 to €846,132
- Staff costs -€33,285
down €33,285 (-6.2%), from €534,713 to €501,429
- Depreciation +€32,407
up €32,407 (+15.8%), from €205,393 to €237,800
- Taxes +€14,828
up €14,828 (+2,558%), from €580 to €15,408
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
€17,627
Gross operating margin
+€43,182
Staff costs
+€33,285
Depreciation
-€32,407
Other operating charges
-€4,193
Financial income
-€1,504
Financial charges
-€1,960
Taxes
-€14,828
Result 2025
€39,202
raises the resultlowers the result
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
+€331,138
Investment
-€115,227
Financing
-€187,788
Cash 2024
€103,125
From operations (derived)
+€331,138
Net result for the year
+€39,202
Depreciation
+€237,800
Stocks and contracts
+€35,369
Receivables within one year
-€76,407
Deferred charges and accrued income
-€4,119
Trade debts
+€96,274
Tax, wage and social debts
+€17,491
Other debts
-€13,040
Accrued charges and deferred income
-€1,431
Investment (derived)
-€115,227
Investment in fixed assets (net)
-€115,227
Financing
-€187,788
Debts after one year
-€50,250
Current portion of long-term debt
-€27,538
Short-term financial debts
-€110,000
Cash 2025
€131,247
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,779,081 | €2,729,789 | -€49,293 | -1.8% |
| Fixed assets | 21/28 | €2,339,124 | €2,216,551 | -€122,573 | -5.2% |
| Tangible fixed assets | 22/27 | €2,338,724 | €2,216,151 | -€122,573 | -5.2% |
| Land and buildings | 22 | €2,198,245 | €2,086,096 | -€112,149 | -5.1% |
| Plant, machinery and equipment | 23 | €69,442 | €64,147 | -€5,295 | -7.6% |
| Furniture and vehicles | 24 | €71,037 | €65,908 | -€5,129 | -7.2% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €439,957 | €513,237 | +€73,280 | +16.7% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €289,686 | €254,317 | -€35,369 | -12.2% |
| Stocks | 30/36 | €289,686 | €254,317 | -€35,369 | -12.2% |
| Amounts receivable within one year | 40/41 | €19,280 | €95,687 | +€76,407 | +396% |
| Trade receivables | 40 | €314 | €77,252 | +€76,937 | +24,465% |
| Other amounts receivable | 41 | €18,965 | €18,435 | -€530 | -2.8% |
| Cash at bank and in hand | 54/58 | €103,125 | €131,247 | +€28,123 | +27.3% |
| Deferred charges and accrued income | 490/1 | €12,867 | €16,986 | +€4,119 | +32.0% |
| Total equity and liabilities | 10/49 | €2,779,081 | €2,729,789 | -€49,293 | -1.8% |
| Equity | 10/15 | €1,988,935 | €2,028,137 | +€39,202 | +2.0% |
| Contributions | 10/11 | €1,086,003 | €1,086,003 | = | 0.0% |
| Capital | 10 | €1,086,003 | €1,086,003 | = | 0.0% |
| Issued capital | 100 | €1,086,003 | €1,086,003 | = | 0.0% |
| Reserves | 13 | €902,932 | €942,134 | +€39,202 | +4.3% |
| Non-distributable reserves | 130/1 | €82,859 | €84,654 | +€1,795 | +2.2% |
| Legal reserve | 130 | €82,859 | €84,654 | +€1,795 | +2.2% |
| Tax-exempt reserves | 132 | €19,050 | €19,050 | = | 0.0% |
| Distributable reserves | 133 | €801,023 | €838,430 | +€37,407 | +4.7% |
| Amounts payable | 17/49 | €790,147 | €701,652 | -€88,495 | -11.2% |
| Amounts payable after more than one year | 17 | €440,105 | €389,855 | -€50,250 | -11.4% |
| Financial debts | 170/4 | €440,105 | €389,855 | -€50,250 | -11.4% |
| Amounts payable within one year | 42/48 | €348,610 | €311,797 | -€36,813 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €77,788 | €50,250 | -€27,538 | -35.4% |
| Financial debts | 43 | €110,000 | €0 | -€110,000 | -100% |
| Credit institutions | 430/8 | €110,000 | €0 | -€110,000 | -100% |
| Trade debts | 44 | €107,293 | €203,567 | +€96,274 | +89.7% |
| Suppliers | 440/4 | €107,293 | €203,567 | +€96,274 | +89.7% |
| Taxes, remuneration and social security | 45 | €40,489 | €57,980 | +€17,491 | +43.2% |
| Taxes | 450/3 | €567 | €12,869 | +€12,303 | +2,172% |
| Remuneration and social security | 454/9 | €39,923 | €45,111 | +€5,188 | +13.0% |
| Other amounts payable | 47/48 | €13,040 | €0 | -€13,040 | -100% |
| Accrued charges and deferred income | 492/3 | €1,431 | €0 | -€1,431 | -100% |
| Non-recurring operating income | 76A | - | €1,155 | +€1,155 | |
| Remuneration, social security and pensions | 62 | €534,713 | €501,429 | -€33,285 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,393 | €237,800 | +€32,407 | +15.8% |
| Other operating charges | 640/8 | €20,295 | €24,488 | +€4,193 | +20.7% |
| Gross operating margin | 9900 | €802,950 | €846,132 | +€43,182 | +5.4% |
| Operating profit (loss) | 9901 | €42,550 | €82,416 | +€39,866 | +93.7% |
| Financial income | 75/76B | €2,260 | €756 | -€1,504 | -66.5% |
| Recurring financial income | 75 | €2,260 | €756 | -€1,504 | -66.5% |
| Financial charges | 65/66B | €26,602 | €28,562 | +€1,960 | +7.4% |
| Recurring financial charges | 65 | €26,602 | €28,562 | +€1,960 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €18,207 | €54,610 | +€36,403 | +200% |
| Income taxes | 67/77 | €580 | €15,408 | +€14,828 | +2,558% |
| Profit (loss) for the period | 9904 | €17,627 | €39,202 | +€21,575 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €17,627 | €39,202 | +€21,575 | +122% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.