Belgavox: 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.
What changed
Belgavox
NACE 59.111, Production of cinema films
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€54,807
2024 · -€51,856-€2,951
Equity
€119,366
2024 · €174,173-€54,807
Cash
€8
2024 · €23-€15
Balance sheet total
€778,403
2024 · €831,185-€52,782
Largest movements
Assets
- Intangible fixed assets -€53,540
down €53,540 (-12.5%), from €428,324 to €374,784
Equity and liabilities
- Profit (loss) carried forward -€54,807
down €54,807 (-11.0%), from -€497,263 to -€552,070
Income statement
- Gross operating margin -€4,268
down €4,268, from €3,570 to -€698
- Other operating charges -€1,230
down €1,230 (-76.9%), from €1,599 to €369
- Depreciation -€90
down €90 (-0.2%), from €53,631 to €53,541
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.
Result 2024
-€51,856
Gross operating margin
-€4,268
Depreciation
+€90
Other operating charges
+€1,230
Financial income
+€3
Financial charges
+€1
Taxes
-€7
Result 2025
-€54,807
raises the resultlowers the result
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.
From operations
-€14
Investment
-€1
Financing
€0
Cash 2024
€23
From operations (derived)
-€14
Net result for the year
-€54,807
Depreciation
+€53,541
Receivables within one year
-€847
Smaller working-capital items
+€90
Trade debts
-€309
Other debts
+€2,318
Investment (derived)
-€1
Investment in fixed assets (net)
-€1
Cash 2025
€8
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €831,185 | €778,403 | -€52,782 | -6.4% |
| Fixed assets | 21/28 | €428,615 | €375,075 | -€53,540 | -12.5% |
| Intangible fixed assets | 21 | €428,324 | €374,784 | -€53,540 | -12.5% |
| Financial fixed assets | 28 | €291 | €291 | = | 0.0% |
| Current assets | 29/58 | €402,570 | €403,328 | +€758 | +0.2% |
| Stocks and contracts in progress | 3 | €313,876 | €313,876 | = | 0.0% |
| Stocks | 30/36 | €313,876 | €313,876 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €88,581 | €89,428 | +€847 | +1.0% |
| Trade receivables | 40 | €69,061 | €69,061 | = | 0.0% |
| Other amounts receivable | 41 | €19,520 | €20,367 | +€847 | +4.3% |
| Cash at bank and in hand | 54/58 | €23 | €8 | -€15 | -65.2% |
| Deferred charges and accrued income | 490/1 | €90 | €16 | -€74 | -82.2% |
| Total equity and liabilities | 10/49 | €831,185 | €778,403 | -€52,782 | -6.4% |
| Equity | 10/15 | €174,173 | €119,366 | -€54,807 | -31.5% |
| Contributions | 10/11 | €638,300 | €638,300 | = | 0.0% |
| Capital | 10 | €638,300 | €638,300 | = | 0.0% |
| Issued capital | 100 | €638,300 | €638,300 | = | 0.0% |
| Reserves | 13 | €33,136 | €33,136 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,719 | €26,719 | = | 0.0% |
| Legal reserve | 130 | €4,338 | €4,338 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,381 | €22,381 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €3,938 | €3,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€497,263 | -€552,070 | -€54,807 | -11.0% |
| Amounts payable | 17/49 | €657,012 | €659,037 | +€2,025 | +0.3% |
| Amounts payable after more than one year | 17 | €528,670 | €528,670 | = | 0.0% |
| Financial debts | 170/4 | €528,670 | €528,670 | = | 0.0% |
| Amounts payable within one year | 42/48 | €128,342 | €130,367 | +€2,025 | +1.6% |
| Trade debts | 44 | €16,267 | €15,958 | -€309 | -1.9% |
| Suppliers | 440/4 | €16,267 | €15,958 | -€309 | -1.9% |
| Taxes, remuneration and social security | 45 | €335 | €351 | +€16 | +4.8% |
| Taxes | 450/3 | €335 | €351 | +€16 | +4.8% |
| Other amounts payable | 47/48 | €111,740 | €114,058 | +€2,318 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,631 | €53,541 | -€90 | -0.2% |
| Other operating charges | 640/8 | €1,599 | €369 | -€1,230 | -76.9% |
| Gross operating margin | 9900 | €3,570 | -€698 | -€4,268 | |
| Operating profit (loss) | 9901 | -€51,660 | -€54,608 | -€2,948 | -5.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €25 | €24 | -€1 | -4.0% |
| Recurring financial charges | 65 | €25 | €24 | -€1 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€51,685 | -€54,629 | -€2,944 | -5.7% |
| Income taxes | 67/77 | €171 | €178 | +€7 | +4.1% |
| Profit (loss) for the period | 9904 | -€51,856 | -€54,807 | -€2,951 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,856 | -€54,807 | -€2,951 | -5.7% |
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 15 October 2026 via checked.be.