BELGAMEX: 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.
BELGAMEX
Largest movements
- Receivables after one year +€60,000
up €60,000 (+75.0%), from €80,000 to €140,000
- Profit (loss) carried forward +€58,022
up €58,022 (+14.6%), from -€396,926 to -€338,904
- Trade debts +€2,635
up €2,635 (+217%), from €1,216 to €3,852
- Gross operating margin +€39,172
up €39,172 (+331%), from €11,832 to €51,004
- Financial income +€4,100
up €4,100 (+114%), from €3,600 to €7,700
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 | €81,696 | €143,015 | +€61,319 | +75.1% |
| Fixed assets | 21/28 | €106 | €106 | = | 0.0% |
| Financial fixed assets | 28 | €106 | €106 | = | 0.0% |
| Current assets | 29/58 | €81,590 | €142,909 | +€61,319 | +75.2% |
| Amounts receivable after more than one year | 29 | €80,000 | €140,000 | +€60,000 | +75.0% |
| Other amounts receivable | 291 | €80,000 | €140,000 | +€60,000 | +75.0% |
| Amounts receivable within one year | 40/41 | €1,483 | €2,512 | +€1,030 | +69.5% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €1,483 | €512 | -€970 | -65.4% |
| Cash at bank and in hand | 54/58 | €107 | €396 | +€289 | +270% |
| Total equity and liabilities | 10/49 | €81,696 | €143,015 | +€61,319 | +75.1% |
| Equity | 10/15 | -€69,087 | -€11,065 | +€58,022 | +84.0% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €79,946 | €79,946 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,198 | €50,198 | = | 0.0% |
| Legal reserve | 130 | €50,198 | €50,198 | = | 0.0% |
| Distributable reserves | 133 | €29,747 | €29,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€396,926 | -€338,904 | +€58,022 | +14.6% |
| Amounts payable | 17/49 | €150,782 | €154,079 | +€3,297 | +2.2% |
| Amounts payable within one year | 42/48 | €150,782 | €153,729 | +€2,947 | +2.0% |
| Trade debts | 44 | €1,216 | €3,852 | +€2,635 | +217% |
| Suppliers | 440/4 | €1,216 | €3,852 | +€2,635 | +217% |
| Taxes, remuneration and social security | 45 | €53 | - | -€53 | |
| Taxes | 450/3 | €53 | - | -€53 | |
| Other amounts payable | 47/48 | €149,513 | €149,878 | +€365 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Other operating charges | 640/8 | €443 | €449 | +€6 | +1.4% |
| Gross operating margin | 9900 | €11,832 | €51,004 | +€39,172 | +331% |
| Operating profit (loss) | 9901 | €11,389 | €50,555 | +€39,166 | +344% |
| Financial income | 75/76B | €3,600 | €7,700 | +€4,100 | +114% |
| Recurring financial income | 75 | €3,600 | €7,700 | +€4,100 | +114% |
| Financial charges | 65/66B | €124 | €233 | +€110 | +88.5% |
| Recurring financial charges | 65 | €124 | €233 | +€110 | +88.5% |
| Profit (loss) for the period before taxes | 9903 | €14,865 | €58,022 | +€43,157 | +290% |
| Profit (loss) for the period | 9904 | €14,865 | €58,022 | +€43,157 | +290% |
| Profit (loss) for the period to be appropriated | 9905 | €14,865 | €58,022 | +€43,157 | +290% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.