BELGIAN ACCOUNTING SERVICES: what changed
What changed
BELGIAN ACCOUNTING SERVICES
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€96,233
2024 · €133,258-€37,025
Equity
€553,813
2024 · €517,080+€36,733
Cash
€399,251
2024 · €523,546-€124,295
Balance sheet total
€1.1m
2024 · €915,044+€195,114
Largest movements
Assets
- Tangible fixed assets +€226,094
up €226,094 (+65.2%), from €347,012 to €573,106
of which Land and buildings: +€227,599
- Cash -€124,295
down €124,295 (-23.7%), from €523,546 to €399,251
mainly Investment in fixed assets (net) (-€312,265) and Current investments (-€100,289)
- Current investments +€100,289
new in 2025: €100,289
Equity and liabilities
- Debts after one year +€144,667
up €144,667 (+65.6%), from €220,526 to €365,193
- Reserves +€35,500
up €35,500 (+7.2%), from €492,860 to €528,360
- Current portion of long-term debt +€17,806
up €17,806 (+47.4%), from €37,528 to €55,334
- Tax, wage and social debts -€14,699
down €14,699 (-22.3%), from €66,001 to €51,302
of which Taxes: -€18,538
- Trade debts +€12,214
up €12,214 (+313%), from €3,907 to €16,121
Income statement
- Staff costs +€56,121
up €56,121 (+50.4%), from €111,279 to €167,400
- Depreciation +€44,941
up €44,941 (+109%), from €41,229 to €86,170
- Gross operating margin +€27,375
up €27,375 (+7.0%), from €391,200 to €418,575
- Taxes -€17,049
down €17,049 (-23.0%), from €74,033 to €56,984
- Other operating charges -€6,672
down €6,672 (-53.6%), from €12,455 to €5,783
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
€133,258
Gross operating margin
+€27,375
Staff costs
-€56,121
Depreciation
-€44,941
Write-downs
+€5,983
Other operating charges
+€6,672
Financial income
+€1,573
Financial charges
+€5,385
Taxes
+€17,049
Result 2025
€96,233
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
+€185,286
Investment
-€412,553
Financing
+€102,972
Cash 2024
€523,546
From operations (derived)
+€185,286
Net result for the year
+€96,233
Depreciation
+€86,170
Receivables within one year
+€8,907
Deferred charges and accrued income
-€1,933
Trade debts
+€12,214
Tax, wage and social debts
-€14,699
Other debts
-€1,606
Investment (derived)
-€412,553
Investment in fixed assets (net)
-€312,265
Current investments
-€100,289
Financing
+€102,972
Debts after one year
+€144,667
Current portion of long-term debt
+€17,806
Short-term financial debts
-€0
Contributions, distributions and other
-€59,500
Cash 2025
€399,251
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €915,044 | €1,110,158 | +€195,114 | +21.3% |
| Fixed assets | 21/28 | €347,012 | €573,106 | +€226,094 | +65.2% |
| Tangible fixed assets | 22/27 | €347,012 | €573,106 | +€226,094 | +65.2% |
| Land and buildings | 22 | €266,313 | €493,912 | +€227,599 | +85.5% |
| Plant, machinery and equipment | 23 | €31,146 | €27,418 | -€3,728 | -12.0% |
| Furniture and vehicles | 24 | €11,299 | €22,977 | +€11,678 | +103% |
| Leasing and similar rights | 25 | €38,254 | €28,800 | -€9,454 | -24.7% |
| Current assets | 29/58 | €568,032 | €537,052 | -€30,980 | -5.5% |
| Amounts receivable within one year | 40/41 | €40,845 | €31,938 | -€8,907 | -21.8% |
| Trade receivables | 40 | €38,852 | €29,945 | -€8,907 | -22.9% |
| Other amounts receivable | 41 | €1,993 | €1,993 | -€0 | 0.0% |
| Current investments | 50/53 | - | €100,289 | +€100,289 | |
| Cash at bank and in hand | 54/58 | €523,546 | €399,251 | -€124,295 | -23.7% |
| Deferred charges and accrued income | 490/1 | €3,641 | €5,574 | +€1,933 | +53.1% |
| Total equity and liabilities | 10/49 | €915,044 | €1,110,158 | +€195,114 | +21.3% |
| Equity | 10/15 | €517,080 | €553,813 | +€36,733 | +7.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €492,860 | €528,360 | +€35,500 | +7.2% |
| Distributable reserves | 133 | €492,860 | €528,360 | +€35,500 | +7.2% |
| Profit (loss) carried forward | 14 | €20,720 | €21,953 | +€1,233 | +6.0% |
| Amounts payable | 17/49 | €397,964 | €556,345 | +€158,381 | +39.8% |
| Amounts payable after more than one year | 17 | €220,526 | €365,193 | +€144,667 | +65.6% |
| Financial debts | 170/4 | €220,526 | €365,193 | +€144,667 | +65.6% |
| Amounts payable within one year | 42/48 | €177,438 | €191,152 | +€13,714 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €37,528 | €55,334 | +€17,806 | +47.4% |
| Financial debts | 43 | €36,667 | €36,667 | -€0 | 0.0% |
| Credit institutions | 430/8 | €36,667 | €36,667 | -€0 | 0.0% |
| Trade debts | 44 | €3,907 | €16,121 | +€12,214 | +313% |
| Suppliers | 440/4 | €3,907 | €16,121 | +€12,214 | +313% |
| Taxes, remuneration and social security | 45 | €66,001 | €51,302 | -€14,699 | -22.3% |
| Taxes | 450/3 | €56,032 | €37,494 | -€18,538 | -33.1% |
| Remuneration and social security | 454/9 | €9,969 | €13,808 | +€3,839 | +38.5% |
| Other amounts payable | 47/48 | €33,335 | €31,729 | -€1,606 | -4.8% |
| Remuneration, social security and pensions | 62 | €111,279 | €167,400 | +€56,121 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,229 | €86,170 | +€44,941 | +109% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,899 | €1,916 | -€5,983 | -75.7% |
| Other operating charges | 640/8 | €12,455 | €5,783 | -€6,672 | -53.6% |
| Gross operating margin | 9900 | €391,200 | €418,575 | +€27,375 | +7.0% |
| Operating profit (loss) | 9901 | €218,338 | €157,306 | -€61,032 | -28.0% |
| Financial income | 75/76B | €3,003 | €4,576 | +€1,573 | +52.4% |
| Recurring financial income | 75 | €3,003 | €4,576 | +€1,573 | +52.4% |
| Financial charges | 65/66B | €14,050 | €8,665 | -€5,385 | -38.3% |
| Recurring financial charges | 65 | €11,035 | €8,665 | -€2,370 | -21.5% |
| Non-recurring financial charges | 66B | €3,015 | - | -€3,015 | |
| Profit (loss) for the period before taxes | 9903 | €207,291 | €153,217 | -€54,074 | -26.1% |
| Income taxes | 67/77 | €74,033 | €56,984 | -€17,049 | -23.0% |
| Profit (loss) for the period | 9904 | €133,258 | €96,233 | -€37,025 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €133,258 | €96,233 | -€37,025 | -27.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.