BELGIAN GENERAL TRADING: 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.
BELGIAN GENERAL TRADING
Largest movements
- Receivables within one year +€74,087
up €74,087 (+188%), from €39,365 to €113,452
of which Trade receivables: +€47,170
- Cash +€9,453
up €9,453 (+117%), from €8,046 to €17,499
mainly Trade debts (+€79,894) and Depreciation (+€9,502)
- Trade debts +€79,894
up €79,894 (+257%), from €31,085 to €110,978
- Profit (loss) carried forward +€8,940
up €8,940 (+8.1%), from €111,032 to €119,973
- Accrued charges and deferred income -€4,000
down €4,000 (-100%), from €4,000 to €0
- Gross operating margin +€11,678
up €11,678 (+98.0%), from €11,912 to €23,590
- Taxes +€3,082
up €3,082 (+347%), from €889 to €3,971
- Depreciation +€1,501
up €1,501 (+18.8%), from €8,001 to €9,502
- Other operating charges +€736
up €736 (+81.4%), from €905 to €1,641
- Financial income +€604
up €604, from €0 to €604
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 | €246,361 | €330,712 | +€84,351 | +34.2% |
| Fixed assets | 21/28 | €198,000 | €198,724 | +€723 | +0.4% |
| Intangible fixed assets | 21 | €31,000 | €31,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €69,500 | €70,223 | +€723 | +1.0% |
| Land and buildings | 22 | €46,598 | €45,089 | -€1,509 | -3.2% |
| Plant, machinery and equipment | 23 | €2,682 | €11,479 | +€8,796 | +328% |
| Furniture and vehicles | 24 | €15,578 | €10,828 | -€4,750 | -30.5% |
| Other tangible fixed assets | 26 | €4,641 | €2,827 | -€1,814 | -39.1% |
| Financial fixed assets | 28 | €97,501 | €97,501 | = | 0.0% |
| Current assets | 29/58 | €48,360 | €131,988 | +€83,628 | +173% |
| Amounts receivable within one year | 40/41 | €39,365 | €113,452 | +€74,087 | +188% |
| Trade receivables | 40 | €11,309 | €58,479 | +€47,170 | +417% |
| Other amounts receivable | 41 | €28,056 | €54,974 | +€26,918 | +95.9% |
| Cash at bank and in hand | 54/58 | €8,046 | €17,499 | +€9,453 | +117% |
| Deferred charges and accrued income | 490/1 | €949 | €1,037 | +€87 | +9.2% |
| Total equity and liabilities | 10/49 | €246,361 | €330,712 | +€84,351 | +34.2% |
| Equity | 10/15 | €186,793 | €195,733 | +€8,940 | +4.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,761 | €13,761 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,561 | €7,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,032 | €119,973 | +€8,940 | +8.1% |
| Provisions and deferred taxes | 16 | €24,000 | €24,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,000 | €24,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable | 17/49 | €35,568 | €110,978 | +€75,411 | +212% |
| Amounts payable within one year | 42/48 | €31,568 | €110,978 | +€79,411 | +252% |
| Trade debts | 44 | €31,085 | €110,978 | +€79,894 | +257% |
| Suppliers | 440/4 | €31,085 | €110,978 | +€79,894 | +257% |
| Taxes, remuneration and social security | 45 | €483 | €0 | -€483 | -100% |
| Taxes | 450/3 | €483 | €0 | -€483 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,001 | €9,502 | +€1,501 | +18.8% |
| Other operating charges | 640/8 | €905 | €1,641 | +€736 | +81.4% |
| Gross operating margin | 9900 | €11,912 | €23,590 | +€11,678 | +98.0% |
| Operating profit (loss) | 9901 | €3,007 | €12,447 | +€9,440 | +314% |
| Financial income | 75/76B | €0 | €604 | +€604 | |
| Recurring financial income | 75 | €0 | €604 | +€604 | |
| Financial charges | 65/66B | €216 | €140 | -€76 | -35.1% |
| Recurring financial charges | 65 | €216 | €140 | -€76 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €2,791 | €12,911 | +€10,120 | +363% |
| Income taxes | 67/77 | €889 | €3,971 | +€3,082 | +347% |
| Profit (loss) for the period | 9904 | €1,902 | €8,940 | +€7,038 | +370% |
| Profit (loss) for the period to be appropriated | 9905 | €1,902 | €8,940 | +€7,038 | +370% |
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 21 October 2026 via checked.be.