BELGA SOLUTIONS: 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.
BELGA SOLUTIONS
Largest movements
- Receivables within one year -€15,223
down €15,223 (-93.4%), from €16,295 to €1,072
of which Trade receivables: -€14,000
- Deferred charges and accrued income -€11,189
down €11,189 (-100%), from €11,189 to €0
- Cash +€9,364
up €9,364 (+575%), from €1,628 to €10,992
mainly Net result for the year (+€28,040) and Receivables within one year (+€15,223)
- Tangible fixed assets -€6,385
down €6,385 (-4.5%), from €141,944 to €135,559
of which Land and buildings: -€4,462
- Other debts -€33,854
down €33,854 (-22.9%), from €147,722 to €113,868
- Profit (loss) carried forward +€28,040
up €28,040 (+48.6%), from -€57,677 to -€29,637
- Trade debts -€16,438
down €16,438 (-92.5%), from €17,773 to €1,335
- Gross operating margin +€29,233
up €29,233 (+91.6%), from €31,916 to €61,149
- Staff costs -€13,449
down €13,449 (-35.3%), from €38,081 to €24,632
- Depreciation +€1,152
up €1,152 (+22.0%), from €5,233 to €6,385
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 | €171,056 | €147,624 | -€23,433 | -13.7% |
| Fixed assets | 21/28 | €141,944 | €135,559 | -€6,385 | -4.5% |
| Tangible fixed assets | 22/27 | €141,944 | €135,559 | -€6,385 | -4.5% |
| Land and buildings | 22 | €132,906 | €128,444 | -€4,462 | -3.4% |
| Other tangible fixed assets | 26 | €9,038 | €7,115 | -€1,923 | -21.3% |
| Current assets | 29/58 | €29,112 | €12,064 | -€17,048 | -58.6% |
| Amounts receivable within one year | 40/41 | €16,295 | €1,072 | -€15,223 | -93.4% |
| Trade receivables | 40 | €15,072 | €1,072 | -€14,000 | -92.9% |
| Other amounts receivable | 41 | €1,223 | €0 | -€1,223 | -100% |
| Cash at bank and in hand | 54/58 | €1,628 | €10,992 | +€9,364 | +575% |
| Deferred charges and accrued income | 490/1 | €11,189 | €0 | -€11,189 | -100% |
| Total equity and liabilities | 10/49 | €171,056 | €147,624 | -€23,433 | -13.7% |
| Equity | 10/15 | -€5,377 | €22,663 | +€28,040 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,300 | €2,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,300 | €2,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,677 | -€29,637 | +€28,040 | +48.6% |
| Amounts payable | 17/49 | €176,434 | €124,960 | -€51,473 | -29.2% |
| Amounts payable within one year | 42/48 | €176,434 | €124,960 | -€51,473 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €17,773 | €1,335 | -€16,438 | -92.5% |
| Suppliers | 440/4 | €17,773 | €1,335 | -€16,438 | -92.5% |
| Taxes, remuneration and social security | 45 | €10,939 | €9,758 | -€1,181 | -10.8% |
| Taxes | 450/3 | €2,069 | €2,790 | +€720 | +34.8% |
| Remuneration and social security | 454/9 | €8,870 | €6,968 | -€1,901 | -21.4% |
| Other amounts payable | 47/48 | €147,722 | €113,868 | -€33,854 | -22.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,081 | €24,632 | -€13,449 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,233 | €6,385 | +€1,152 | +22.0% |
| Other operating charges | 640/8 | €1,875 | €1,914 | +€39 | +2.1% |
| Gross operating margin | 9900 | €31,916 | €61,149 | +€29,233 | +91.6% |
| Operating profit (loss) | 9901 | -€13,272 | €28,218 | +€41,491 | |
| Financial charges | 65/66B | €105 | €178 | +€73 | +69.5% |
| Recurring financial charges | 65 | €105 | €178 | +€73 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,377 | €28,040 | +€41,418 | |
| Profit (loss) for the period | 9904 | -€13,377 | €28,040 | +€41,418 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,377 | €28,040 | +€41,418 |
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 30 October 2026 via checked.be.