Belga Veilingen: 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 Veilingen
Largest movements
- Cash +€34,931
up €34,931 (+128%), from €27,214 to €62,145
mainly Net result for the year (+€19,495) and Receivables within one year (+€14,385)
- Receivables within one year -€14,385
down €14,385 (-20.0%), from €72,083 to €57,698
of which Other amounts receivable: -€12,190
- Intangible fixed assets -€4,632
down €4,632 (-30.3%), from €15,291 to €10,659
- Deferred charges and accrued income +€4,180
up €4,180 (+50.0%), from €8,358 to €12,538
- Tangible fixed assets -€3,946
down €3,946 (-16.4%), from €24,053 to €20,107
of which Furniture and vehicles: -€4,987
- Reserves +€14,809
up €14,809 (+55.9%), from €26,488 to €41,297
- Advances received -€9,647
down €9,647 (-70.1%), from €13,765 to €4,118
- Tax, wage and social debts +€8,985
up €8,985 (+21.3%), from €42,193 to €51,179
of which Taxes: +€5,442
- Trade debts +€6,384
up €6,384 (+16.8%), from €38,092 to €44,476
- Current portion of long-term debt -€2,848
down €2,848 (-91.6%), from €3,109 to €262
No income-statement line moved by more than 1% of the activity.
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 | €147,250 | €164,491 | +€17,242 | +11.7% |
| Fixed assets | 21/28 | €39,594 | €31,016 | -€8,578 | -21.7% |
| Intangible fixed assets | 21 | €15,291 | €10,659 | -€4,632 | -30.3% |
| Tangible fixed assets | 22/27 | €24,053 | €20,107 | -€3,946 | -16.4% |
| Plant, machinery and equipment | 23 | €5,608 | €8,160 | +€2,552 | +45.5% |
| Furniture and vehicles | 24 | €4,987 | €0 | -€4,987 | -100% |
| Other tangible fixed assets | 26 | €13,458 | €11,947 | -€1,511 | -11.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €107,656 | €133,476 | +€25,820 | +24.0% |
| Stocks and contracts in progress | 3 | - | €1,095 | +€1,095 | |
| Stocks | 30/36 | - | €1,095 | +€1,095 | |
| Amounts receivable within one year | 40/41 | €72,083 | €57,698 | -€14,385 | -20.0% |
| Trade receivables | 40 | €59,774 | €57,578 | -€2,196 | -3.7% |
| Other amounts receivable | 41 | €12,310 | €120 | -€12,190 | -99.0% |
| Cash at bank and in hand | 54/58 | €27,214 | €62,145 | +€34,931 | +128% |
| Deferred charges and accrued income | 490/1 | €8,358 | €12,538 | +€4,180 | +50.0% |
| Total equity and liabilities | 10/49 | €147,250 | €164,491 | +€17,242 | +11.7% |
| Equity | 10/15 | €45,088 | €59,897 | +€14,809 | +32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,488 | €41,297 | +€14,809 | +55.9% |
| Distributable reserves | 133 | €26,488 | €41,297 | +€14,809 | +55.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €102,162 | €104,595 | +€2,433 | +2.4% |
| Amounts payable after more than one year | 17 | €262 | €0 | -€262 | -100% |
| Financial debts | 170/4 | €262 | €0 | -€262 | -100% |
| Amounts payable within one year | 42/48 | €101,900 | €104,595 | +€2,695 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €3,109 | €262 | -€2,848 | -91.6% |
| Trade debts | 44 | €38,092 | €44,476 | +€6,384 | +16.8% |
| Suppliers | 440/4 | €38,092 | €44,476 | +€6,384 | +16.8% |
| Advances received on contracts in progress | 46 | €13,765 | €4,118 | -€9,647 | -70.1% |
| Taxes, remuneration and social security | 45 | €42,193 | €51,179 | +€8,985 | +21.3% |
| Taxes | 450/3 | €20,680 | €26,122 | +€5,442 | +26.3% |
| Remuneration and social security | 454/9 | €21,513 | €25,056 | +€3,543 | +16.5% |
| Other amounts payable | 47/48 | €4,740 | €4,560 | -€180 | -3.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €6,155 | +€6,155 | |
| Remuneration, social security and pensions | 62 | €198,585 | €198,072 | -€513 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,999 | €9,362 | -€1,637 | -14.9% |
| Other operating charges | 640/8 | €2,669 | €2,631 | -€37 | -1.4% |
| Non-recurring operating charges | 66A | - | €692 | +€692 | |
| Gross operating margin | 9900 | €238,458 | €236,946 | -€1,512 | -0.6% |
| Operating profit (loss) | 9901 | €26,205 | €26,188 | -€17 | -0.1% |
| Financial income | 75/76B | €359 | €1,011 | +€651 | +181% |
| Recurring financial income | 75 | €359 | €1,011 | +€651 | +181% |
| Financial charges | 65/66B | €3,247 | €2,175 | -€1,072 | -33.0% |
| Recurring financial charges | 65 | €3,247 | €2,175 | -€1,072 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €23,317 | €25,024 | +€1,707 | +7.3% |
| Income taxes | 67/77 | €7,109 | €5,529 | -€1,580 | -22.2% |
| Profit (loss) for the period | 9904 | €16,208 | €19,495 | +€3,287 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,208 | €19,495 | +€3,287 | +20.3% |
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 19 October 2026 via checked.be.