BELGEONNE DESIGN: what changed
What changed
BELGEONNE DESIGN
NACE 43.910, Bricklaying and masonry work
filed annual accounts (NBB)
Net result for the year
€35,670
2024 · €27,173+€8,498
Equity
€160,170
2024 · €124,499+€35,670
Cash
€72,265
2024 · €133,832-€61,567
Balance sheet total
€3.7m
2024 · €1.3m+€2.4m
Largest movements
Assets
- Stocks and contracts +€1.5m
up €1.5m (+425%), from €344,396 to €1.8m
- Tangible fixed assets +€522,715
up €522,715 (+136%), from €384,309 to €907,024
of which Leasing and similar rights: +€437,692
- Receivables within one year +€483,319
up €483,319 (+111%), from €434,362 to €917,681
of which Trade receivables: +€265,659
- Cash -€61,567
down €61,567 (-46.0%), from €133,832 to €72,265
mainly Stocks and contracts (-€1.5m) and Investment in fixed assets (net) (-€645,754)
Equity and liabilities
- Advances received +€1.7m
up €1.7m (+531%), from €329,141 to €2.1m
- Debts after one year +€318,949
up €318,949 (+222%), from €143,977 to €462,926
- Trade debts +€162,411
up €162,411 (+55.6%), from €292,335 to €454,746
- Current portion of long-term debt +€115,355
up €115,355 (+402%), from €28,704 to €144,059
Income statement
- Gross operating margin +€227,052
up €227,052 (+45.1%), from €503,903 to €730,955
- Staff costs +€145,385
up €145,385 (+47.5%), from €306,280 to €451,666
- Other operating charges +€106,215
up €106,215 (+210%), from €50,561 to €156,776
- Write-downs -€80,846
down €80,846 (-901%), from -€8,971 to -€89,816
- Depreciation +€58,187
up €58,187 (+89.7%), from €64,852 to €123,039
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.
Result 2024
€27,173
Gross operating margin
+€227,052
Staff costs
-€145,385
Depreciation
-€58,187
Write-downs
+€80,846
Other operating charges
-€106,215
Financial income
+€23
Financial charges
-€9,507
Taxes
+€19,870
Result 2025
€35,670
raises the resultlowers the result
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.
From operations
+€149,883
Investment
-€645,754
Financing
+€434,303
Cash 2024
€133,832
From operations (derived)
+€149,883
Net result for the year
+€35,670
Depreciation
+€123,039
Stocks and contracts
-€1.5m
Receivables within one year
-€483,319
Smaller working-capital items
+€1,230
Trade debts
+€162,411
Tax, wage and social debts
+€26,403
Advances received
+€1.7m
Investment (derived)
-€645,754
Investment in fixed assets (net)
-€645,754
Financing
+€434,303
Debts after one year
+€318,949
Current portion of long-term debt
+€115,355
Cash 2025
€72,265
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,330,259 | €3,738,871 | +€2.4m | +181% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €385,900 | €908,615 | +€522,715 | +135% |
| Tangible fixed assets | 22/27 | €384,309 | €907,024 | +€522,715 | +136% |
| Plant, machinery and equipment | 23 | €127,616 | €218,877 | +€91,261 | +71.5% |
| Furniture and vehicles | 24 | €44,894 | €43,458 | -€1,436 | -3.2% |
| Leasing and similar rights | 25 | €172,525 | €610,218 | +€437,692 | +254% |
| Other tangible fixed assets | 26 | €39,274 | €34,471 | -€4,803 | -12.2% |
| Financial fixed assets | 28 | €1,591 | €1,591 | = | 0.0% |
| Current assets | 29/58 | €944,360 | €2,830,256 | +€1.9m | +200% |
| Stocks and contracts in progress | 3 | €344,396 | €1,806,849 | +€1.5m | +425% |
| Stocks | 30/36 | €344,396 | €1,806,849 | +€1.5m | +425% |
| Amounts receivable within one year | 40/41 | €434,362 | €917,681 | +€483,319 | +111% |
| Trade receivables | 40 | €270,380 | €536,039 | +€265,659 | +98.3% |
| Other amounts receivable | 41 | €163,983 | €381,642 | +€217,660 | +133% |
| Cash at bank and in hand | 54/58 | €133,832 | €72,265 | -€61,567 | -46.0% |
| Deferred charges and accrued income | 490/1 | €31,769 | €33,462 | +€1,693 | +5.3% |
| Total equity and liabilities | 10/49 | €1,330,259 | €3,738,871 | +€2.4m | +181% |
| Equity | 10/15 | €124,499 | €160,170 | +€35,670 | +28.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €57,530 | +€35,670 | +163% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €55,670 | +€35,670 | +178% |
| Profit (loss) carried forward | 14 | €96,439 | €96,439 | = | 0.0% |
| Amounts payable | 17/49 | €1,205,760 | €3,578,701 | +€2.4m | +197% |
| Amounts payable after more than one year | 17 | €143,977 | €462,926 | +€318,949 | +222% |
| Financial debts | 170/4 | €143,977 | €462,926 | +€318,949 | +222% |
| Amounts payable within one year | 42/48 | €1,037,253 | €3,089,184 | +€2.1m | +198% |
| Current portion of amounts payable after more than one year | 42 | €28,704 | €144,059 | +€115,355 | +402% |
| Trade debts | 44 | €292,335 | €454,746 | +€162,411 | +55.6% |
| Suppliers | 440/4 | €292,335 | €454,746 | +€162,411 | +55.6% |
| Advances received on contracts in progress | 46 | €329,141 | €2,076,042 | +€1.7m | +531% |
| Taxes, remuneration and social security | 45 | €70,430 | €96,833 | +€26,403 | +37.5% |
| Taxes | 450/3 | €49,196 | €20,329 | -€28,867 | -58.7% |
| Remuneration and social security | 454/9 | €21,234 | €76,504 | +€55,270 | +260% |
| Other amounts payable | 47/48 | €316,643 | €317,504 | +€861 | +0.3% |
| Accrued charges and deferred income | 492/3 | €24,530 | €26,592 | +€2,061 | +8.4% |
| Remuneration, social security and pensions | 62 | €306,280 | €451,666 | +€145,385 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,852 | €123,039 | +€58,187 | +89.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,971 | -€89,816 | -€80,846 | -901% |
| Other operating charges | 640/8 | €50,561 | €156,776 | +€106,215 | +210% |
| Gross operating margin | 9900 | €503,903 | €730,955 | +€227,052 | +45.1% |
| Operating profit (loss) | 9901 | €91,180 | €89,291 | -€1,889 | -2.1% |
| Financial income | 75/76B | €37 | €60 | +€23 | +62.5% |
| Recurring financial income | 75 | €37 | €60 | +€23 | +62.5% |
| Financial charges | 65/66B | €26,449 | €35,956 | +€9,507 | +35.9% |
| Recurring financial charges | 65 | €26,449 | €35,956 | +€9,507 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €64,768 | €53,395 | -€11,372 | -17.6% |
| Income taxes | 67/77 | €37,595 | €17,725 | -€19,870 | -52.9% |
| Profit (loss) for the period | 9904 | €27,173 | €35,670 | +€8,498 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,173 | €35,670 | +€8,498 | +31.3% |
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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 8 November 2026 via checked.be.