BELGA-TOL B: 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-TOL B
Largest movements
- Cash -€11,203
down €11,203 (-10.9%), from €102,861 to €91,658
mainly Net result for the year (-€5,590) and Other debts (-€5,318)
- Receivables within one year -€2,029
down €2,029 (-40.9%), from €4,956 to €2,927
of which Other amounts receivable: -€4,430
- Reserves -€5,590
down €5,590 (-6.3%), from €89,321 to €83,731
- Other debts -€5,318
down €5,318 (-47.0%), from €11,314 to €5,996
- Tax, wage and social debts -€1,450
down €1,450 (-71.4%), from €2,031 to €581
of which Remuneration and social security: -€1,421
- Trade debts -€1,144
down €1,144 (-75.7%), from €1,511 to €367
- Gross operating margin -€16,366
down €16,366 (-68.9%), from €23,769 to €7,403
- Taxes -€5,145
down €5,145, from €4,407 to -€738
- Staff costs -€2,079
down €2,079 (-14.4%), from €14,388 to €12,309
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 | €112,342 | €98,802 | -€13,540 | -12.1% |
| Fixed assets | 21/28 | €798 | €410 | -€388 | -48.6% |
| Tangible fixed assets | 22/27 | €623 | €235 | -€388 | -62.3% |
| Furniture and vehicles | 24 | €623 | €235 | -€388 | -62.3% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €111,544 | €98,392 | -€13,152 | -11.8% |
| Amounts receivable within one year | 40/41 | €4,956 | €2,927 | -€2,029 | -40.9% |
| Trade receivables | 40 | €526 | €2,927 | +€2,401 | +456% |
| Other amounts receivable | 41 | €4,430 | - | -€4,430 | |
| Cash at bank and in hand | 54/58 | €102,861 | €91,658 | -€11,203 | -10.9% |
| Deferred charges and accrued income | 490/1 | €3,727 | €3,807 | +€80 | +2.1% |
| Total equity and liabilities | 10/49 | €112,342 | €98,802 | -€13,540 | -12.1% |
| Equity | 10/15 | €97,381 | €91,791 | -€5,590 | -5.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €89,321 | €83,731 | -€5,590 | -6.3% |
| Distributable reserves | 133 | €89,321 | €83,731 | -€5,590 | -6.3% |
| Amounts payable | 17/49 | €14,961 | €7,011 | -€7,950 | -53.1% |
| Amounts payable within one year | 42/48 | €14,856 | €6,944 | -€7,912 | -53.3% |
| Trade debts | 44 | €1,511 | €367 | -€1,144 | -75.7% |
| Suppliers | 440/4 | €1,511 | €367 | -€1,144 | -75.7% |
| Taxes, remuneration and social security | 45 | €2,031 | €581 | -€1,450 | -71.4% |
| Taxes | 450/3 | €610 | €581 | -€29 | -4.8% |
| Remuneration and social security | 454/9 | €1,421 | - | -€1,421 | |
| Other amounts payable | 47/48 | €11,314 | €5,996 | -€5,318 | -47.0% |
| Accrued charges and deferred income | 492/3 | €105 | €67 | -€38 | -36.2% |
| Non-recurring operating income | 76A | - | €218 | +€218 | |
| Remuneration, social security and pensions | 62 | €14,388 | €12,309 | -€2,079 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €388 | = | 0.0% |
| Other operating charges | 640/8 | €903 | €1,038 | +€135 | +15.0% |
| Gross operating margin | 9900 | €23,769 | €7,403 | -€16,366 | -68.9% |
| Operating profit (loss) | 9901 | €8,090 | -€6,332 | -€14,422 | |
| Financial income | 75/76B | €92 | €88 | -€4 | -4.3% |
| Recurring financial income | 75 | €92 | €88 | -€4 | -4.3% |
| Financial charges | 65/66B | €84 | €84 | = | 0.0% |
| Recurring financial charges | 65 | €84 | €84 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €8,098 | -€6,328 | -€14,426 | |
| Income taxes | 67/77 | €4,407 | -€738 | -€5,145 | |
| Profit (loss) for the period | 9904 | €3,691 | -€5,590 | -€9,281 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,691 | -€5,590 | -€9,281 |
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 31 October 2026 via checked.be.