BELGAFIBRE: 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.
BELGAFIBRE
Largest movements
- Receivables within one year +€81,868
up €81,868 (+221.7%), from €36,924 to €118,792
of which Trade receivables: +€89,341
- Cash +€6,375
up €6,375 (+38.6%), from €16,532 to €22,907
mainly Net result for the year (+€29,132) and Tax, wage and social debts (+€21,892)
- Intangible fixed assets -€2,817
down €2,817 (-42.2%), from €6,672 to €3,856
- Tangible fixed assets +€2,194
up €2,194 (+114.4%), from €1,918 to €4,112
- Profit (loss) carried forward +€29,132
up €29,132 (+87.9%), from €33,130 to €62,261
- Tax, wage and social debts +€21,892
up €21,892 (+189.1%), from €11,580 to €33,471
of which Taxes: +€24,803
- Advances received +€20,225
up €20,225 (+500.3%), from €4,043 to €24,267
- Trade debts +€16,373
up €16,373 (+138.8%), from €11,794 to €28,167
- Gross operating margin +€70,053
up €70,053 (+169.0%), from €41,462 to €111,515
- Taxes +€12,485
up €12,485, from €0 to €12,485
- Other operating charges +€9,515
up €9,515 (+1386.8%), from €686 to €10,201
- Staff costs -€1,871
down €1,871 (-3.3%), from €57,368 to €55,497
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.
Cash bridge derived
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 | €62,046 | €149,667 | +€87,622 | +141.2% |
| Fixed assets | 21/28 | €8,590 | €7,968 | -€622 | -7.2% |
| Intangible fixed assets | 21 | €6,672 | €3,856 | -€2,817 | -42.2% |
| Tangible fixed assets | 22/27 | €1,918 | €4,112 | +€2,194 | +114.4% |
| Furniture and vehicles | 24 | €1,918 | €4,112 | +€2,194 | +114.4% |
| Current assets | 29/58 | €53,456 | €141,699 | +€88,244 | +165.1% |
| Amounts receivable within one year | 40/41 | €36,924 | €118,792 | +€81,868 | +221.7% |
| Trade receivables | 40 | €23,768 | €113,108 | +€89,341 | +375.9% |
| Other amounts receivable | 41 | €13,157 | €5,684 | -€7,472 | -56.8% |
| Cash at bank and in hand | 54/58 | €16,532 | €22,907 | +€6,375 | +38.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €62,046 | €149,667 | +€87,622 | +141.2% |
| Equity | 10/15 | €34,630 | €63,761 | +€29,132 | +84.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,130 | €62,261 | +€29,132 | +87.9% |
| Amounts payable | 17/49 | €27,416 | €85,906 | +€58,490 | +213.3% |
| Amounts payable within one year | 42/48 | €27,416 | €85,906 | +€58,490 | +213.3% |
| Trade debts | 44 | €11,794 | €28,167 | +€16,373 | +138.8% |
| Suppliers | 440/4 | €11,794 | €28,167 | +€16,373 | +138.8% |
| Advances received on contracts in progress | 46 | €4,043 | €24,267 | +€20,225 | +500.3% |
| Taxes, remuneration and social security | 45 | €11,580 | €33,471 | +€21,892 | +189.1% |
| Taxes | 450/3 | €251 | €25,054 | +€24,803 | +9862.7% |
| Remuneration and social security | 454/9 | €11,328 | €8,417 | -€2,911 | -25.7% |
| Remuneration, social security and pensions | 62 | €57,368 | €55,497 | -€1,871 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,473 | €4,523 | +€1,050 | +30.2% |
| Other operating charges | 640/8 | €686 | €10,201 | +€9,515 | +1386.8% |
| Gross operating margin | 9900 | €41,462 | €111,515 | +€70,053 | +169.0% |
| Operating profit (loss) | 9901 | -€20,066 | €41,294 | +€61,360 | |
| Financial income | 75/76B | €655 | €452 | -€203 | -31.0% |
| Recurring financial income | 75 | €655 | €452 | -€203 | -31.0% |
| Financial charges | 65/66B | €114 | €129 | +€15 | +13.4% |
| Recurring financial charges | 65 | €114 | €129 | +€15 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,525 | €41,617 | +€61,141 | |
| Income taxes | 67/77 | €0 | €12,485 | +€12,485 | |
| Profit (loss) for the period | 9904 | -€19,525 | €29,132 | +€48,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,525 | €29,132 | +€48,656 |
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 10 October 2026 via checked.be.