BELGA TRADE: 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 TRADE
Largest movements
- Cash +€38,880
up €38,880 (+127%), from €30,653 to €69,533
mainly Tax, wage and social debts (+€24,492) and Net result for the year (+€12,655)
- Receivables within one year +€4,430
up €4,430 (+23.8%), from €18,583 to €23,013
of which Other amounts receivable: +€3,608
- Formation expenses -€2,000
down €2,000 (-50.0%), from €4,000 to €2,000
- Tax, wage and social debts +€24,492
up €24,492 (+237%), from €10,332 to €34,825
of which Remuneration and social security: +€15,900
- Reserves +€12,655
up €12,655 (+85.1%), from €14,863 to €27,519
of which Distributable reserves: +€12,655
- Trade debts +€7,205
up €7,205 (+540%), from €1,334 to €8,539
- Current portion of long-term debt -€3,028
down €3,028 (-100%), from €3,028 to €0
- Gross operating margin +€16,502
up €16,502 (+329%), from €5,012 to €21,514
- Taxes +€4,222
up €4,222 (+2,488%), from €170 to €4,392
- Financial charges -€1,089
down €1,089 (-89.5%), from €1,217 to €128
- Depreciation -€533
down €533 (-11.9%), from €4,482 to €3,950
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 | €68,825 | €110,250 | +€41,425 | +60.2% |
| Formation expenses | 20 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Fixed assets | 21/28 | €14,090 | €13,974 | -€116 | -0.8% |
| Tangible fixed assets | 22/27 | €14,090 | €13,974 | -€116 | -0.8% |
| Land and buildings | 22 | €12,790 | €10,897 | -€1,892 | -14.8% |
| Furniture and vehicles | 24 | €1,300 | €3,077 | +€1,777 | +137% |
| Current assets | 29/58 | €50,736 | €94,276 | +€43,540 | +85.8% |
| Amounts receivable within one year | 40/41 | €18,583 | €23,013 | +€4,430 | +23.8% |
| Trade receivables | 40 | €18,483 | €19,305 | +€822 | +4.4% |
| Other amounts receivable | 41 | €100 | €3,708 | +€3,608 | +3,608% |
| Cash at bank and in hand | 54/58 | €30,653 | €69,533 | +€38,880 | +127% |
| Deferred charges and accrued income | 490/1 | €1,499 | €1,730 | +€231 | +15.4% |
| Total equity and liabilities | 10/49 | €68,825 | €110,250 | +€41,425 | +60.2% |
| Equity | 10/15 | €33,891 | €46,546 | +€12,655 | +37.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,863 | €27,519 | +€12,655 | +85.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €14,863 | €27,519 | +€12,655 | +85.1% |
| Profit (loss) carried forward | 14 | €428 | €428 | = | 0.0% |
| Amounts payable | 17/49 | €34,935 | €63,704 | +€28,769 | +82.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,935 | €63,704 | +€28,769 | +82.4% |
| Current portion of amounts payable after more than one year | 42 | €3,028 | €0 | -€3,028 | -100% |
| Trade debts | 44 | €1,334 | €8,539 | +€7,205 | +540% |
| Suppliers | 440/4 | €1,334 | €8,539 | +€7,205 | +540% |
| Taxes, remuneration and social security | 45 | €10,332 | €34,825 | +€24,492 | +237% |
| Taxes | 450/3 | €8,683 | €17,275 | +€8,592 | +99.0% |
| Remuneration and social security | 454/9 | €1,650 | €17,550 | +€15,900 | +964% |
| Other amounts payable | 47/48 | €20,240 | €20,340 | +€100 | +0.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | -€64 | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,482 | €3,950 | -€533 | -11.9% |
| Other operating charges | 640/8 | €641 | €658 | +€17 | +2.6% |
| Gross operating margin | 9900 | €5,012 | €21,514 | +€16,502 | +329% |
| Operating profit (loss) | 9901 | -€111 | €16,971 | +€17,082 | |
| Financial income | 75/76B | €4 | €205 | +€201 | +4,940% |
| Recurring financial income | 75 | €4 | €205 | +€201 | +4,940% |
| Financial charges | 65/66B | €1,217 | €128 | -€1,089 | -89.5% |
| Recurring financial charges | 65 | €1,217 | €128 | -€1,089 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,325 | €17,048 | +€18,372 | |
| Income taxes | 67/77 | €170 | €4,392 | +€4,222 | +2,488% |
| Profit (loss) for the period | 9904 | -€1,494 | €12,655 | +€14,150 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,494 | €12,655 | +€14,150 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.