Belge une fois: what changed
Belge une fois
Largest movements
- Cash -€11,020
down €11,020 (-26.3%), from €41,957 to €30,937
mainly Trade debts (-€16,318) and Tax, wage and social debts (-€7,725)
- Receivables within one year -€8,442
down €8,442 (-9.4%), from €89,713 to €81,271
of which Trade receivables: -€14,348
- Tangible fixed assets -€4,163
down €4,163 (-41.5%), from €10,030 to €5,868
of which Furniture and vehicles: -€3,982
- Trade debts -€16,318
down €16,318 (-47.1%), from €34,630 to €18,312
- Tax, wage and social debts -€7,725
down €7,725 (-26.2%), from €29,497 to €21,771
of which Taxes: -€7,064
- Profit (loss) carried forward +€3,231
up €3,231 (+4.7%), from €69,101 to €72,332
- Short-term financial debts -€1,781
down €1,781 (-48.6%), from €3,661 to €1,881
- Staff costs -€15,227
down €15,227 (-26.6%), from €57,307 to €42,080
- Gross operating margin +€5,204
up €5,204 (+10.2%), from €51,010 to €56,214
- Financial income -€2,313
down €2,313 (-41.0%), from €5,645 to €3,332
of which Non-recurring financial income: -€1,992
- Depreciation +€1,481
up €1,481 (+54.6%), from €2,713 to €4,194
- Taxes +€1,111
up €1,111 (+624%), from €178 to €1,289
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,057 | €119,171 | -€22,886 | -16.1% |
| Fixed assets | 21/28 | €10,030 | €6,525 | -€3,506 | -34.9% |
| Intangible fixed assets | 21 | - | €657 | +€657 | |
| Tangible fixed assets | 22/27 | €10,030 | €5,868 | -€4,163 | -41.5% |
| Plant, machinery and equipment | 23 | €539 | €359 | -€180 | -33.5% |
| Furniture and vehicles | 24 | €9,491 | €5,509 | -€3,982 | -42.0% |
| Current assets | 29/58 | €132,027 | €112,647 | -€19,380 | -14.7% |
| Amounts receivable within one year | 40/41 | €89,713 | €81,271 | -€8,442 | -9.4% |
| Trade receivables | 40 | €31,701 | €17,353 | -€14,348 | -45.3% |
| Other amounts receivable | 41 | €58,012 | €63,918 | +€5,906 | +10.2% |
| Cash at bank and in hand | 54/58 | €41,957 | €30,937 | -€11,020 | -26.3% |
| Deferred charges and accrued income | 490/1 | €357 | €439 | +€82 | +23.1% |
| Total equity and liabilities | 10/49 | €142,057 | €119,171 | -€22,886 | -16.1% |
| Equity | 10/15 | €72,101 | €75,332 | +€3,231 | +4.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,101 | €72,332 | +€3,231 | +4.7% |
| Amounts payable | 17/49 | €69,956 | €43,840 | -€26,116 | -37.3% |
| Amounts payable within one year | 42/48 | €67,788 | €41,964 | -€25,824 | -38.1% |
| Financial debts | 43 | €3,661 | €1,881 | -€1,781 | -48.6% |
| Credit institutions | 430/8 | €3,661 | €1,881 | -€1,781 | -48.6% |
| Trade debts | 44 | €34,630 | €18,312 | -€16,318 | -47.1% |
| Suppliers | 440/4 | €34,630 | €18,312 | -€16,318 | -47.1% |
| Taxes, remuneration and social security | 45 | €29,497 | €21,771 | -€7,725 | -26.2% |
| Taxes | 450/3 | €20,912 | €13,848 | -€7,064 | -33.8% |
| Remuneration and social security | 454/9 | €8,584 | €7,923 | -€661 | -7.7% |
| Accrued charges and deferred income | 492/3 | €2,168 | €1,876 | -€292 | -13.5% |
| Remuneration, social security and pensions | 62 | €57,307 | €42,080 | -€15,227 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,713 | €4,194 | +€1,481 | +54.6% |
| Other operating charges | 640/8 | €1,298 | €1,108 | -€191 | -14.7% |
| Non-recurring operating charges | 66A | €0 | €5,114 | +€5,114 | |
| Gross operating margin | 9900 | €51,010 | €56,214 | +€5,204 | +10.2% |
| Operating profit (loss) | 9901 | -€10,308 | €3,719 | +€14,027 | |
| Financial income | 75/76B | €5,645 | €3,332 | -€2,313 | -41.0% |
| Recurring financial income | 75 | €3,653 | €3,332 | -€321 | -8.8% |
| Non-recurring financial income | 76B | €1,992 | €0 | -€1,992 | -100% |
| Financial charges | 65/66B | €3,015 | €2,531 | -€483 | -16.0% |
| Recurring financial charges | 65 | €3,015 | €2,531 | -€483 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,678 | €4,520 | +€12,197 | |
| Income taxes | 67/77 | €178 | €1,289 | +€1,111 | +624% |
| Profit (loss) for the period | 9904 | -€7,856 | €3,231 | +€11,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,856 | €3,231 | +€11,086 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.