Belgian Souvenirs: what changed
What changed
Belgian Souvenirs
NACE 47.260, Retail trade
filed annual accounts (NBB)
Net result for the year
€22,637
2024 · €28,043-€5,405
Equity
€80,797
2024 · €58,160+€22,637
Cash
€91,570
2024 · €80,109+€11,462
Balance sheet total
€176,512
2024 · €154,018+€22,494
Largest movements
Assets
- Receivables within one year +€17,337
up €17,337 (+314%), from €5,530 to €22,866
of which Other amounts receivable: +€18,099
- Cash +€11,462
up €11,462 (+14.3%), from €80,109 to €91,570
mainly Net result for the year (+€22,637) and Depreciation (+€18,066)
- Tangible fixed assets -€8,149
down €8,149 (-13.0%), from €62,767 to €54,619
- Stocks and contracts +€2,740
up €2,740 (+71.4%), from €3,836 to €6,575
Equity and liabilities
- Profit (loss) carried forward +€22,637
up €22,637 (+60.8%), from -€37,234 to -€14,597
- Debts after one year -€3,346
down €3,346 (-4.4%), from €76,793 to €73,447
of which Financial debts: -€3,346
- Tax, wage and social debts +€2,476
up €2,476 (+26.5%), from €9,345 to €11,821
of which Taxes: +€2,507
- Trade debts +€2,286
up €2,286 (+92.1%), from €2,483 to €4,770
- Other debts -€1,904
down €1,904 (-45.0%), from €4,236 to €2,332
Income statement
- Gross operating margin -€7,486
down €7,486 (-5.3%), from €141,942 to €134,457
- Staff costs +€6,824
up €6,824 (+9.7%), from €70,679 to €77,502
- Other operating charges -€4,188
down €4,188 (-38.8%), from €10,784 to €6,596
- Taxes -€4,145
down €4,145 (-33.3%), from €12,463 to €8,318
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
€28,043
Gross operating margin
-€7,486
Staff costs
-€6,824
Depreciation
-€158
Other operating charges
+€4,188
Financial income
+€912
Financial charges
-€184
Taxes
+€4,145
Result 2025
€22,637
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
+€24,660
Investment
-€10,217
Financing
-€2,982
Cash 2024
€80,109
From operations (derived)
+€24,660
Net result for the year
+€22,637
Depreciation
+€18,066
Stocks and contracts
-€2,740
Receivables within one year
-€17,337
Deferred charges and accrued income
+€1,195
Trade debts
+€2,286
Tax, wage and social debts
+€2,476
Other debts
-€1,904
Accrued charges and deferred income
-€19
Investment (derived)
-€10,217
Investment in fixed assets (net)
-€10,217
Financing
-€2,982
Debts after one year
-€3,346
Current portion of long-term debt
+€365
Cash 2025
€91,570
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,018 | €176,512 | +€22,494 | +14.6% |
| Fixed assets | 21/28 | €62,837 | €54,989 | -€7,849 | -12.5% |
| Tangible fixed assets | 22/27 | €62,767 | €54,619 | -€8,149 | -13.0% |
| Plant, machinery and equipment | 23 | €7,331 | €7,200 | -€131 | -1.8% |
| Furniture and vehicles | 24 | €11,401 | €7,356 | -€4,045 | -35.5% |
| Leasing and similar rights | 25 | €11,500 | €8,200 | -€3,300 | -28.7% |
| Other tangible fixed assets | 26 | €32,535 | €31,863 | -€672 | -2.1% |
| Financial fixed assets | 28 | €70 | €370 | +€300 | +429% |
| Current assets | 29/58 | €91,180 | €121,523 | +€30,343 | +33.3% |
| Stocks and contracts in progress | 3 | €3,836 | €6,575 | +€2,740 | +71.4% |
| Stocks | 30/36 | €3,836 | €6,575 | +€2,740 | +71.4% |
| Amounts receivable within one year | 40/41 | €5,530 | €22,866 | +€17,337 | +314% |
| Trade receivables | 40 | €1,185 | €422 | -€762 | -64.4% |
| Other amounts receivable | 41 | €4,345 | €22,444 | +€18,099 | +417% |
| Cash at bank and in hand | 54/58 | €80,109 | €91,570 | +€11,462 | +14.3% |
| Deferred charges and accrued income | 490/1 | €1,706 | €511 | -€1,195 | -70.0% |
| Total equity and liabilities | 10/49 | €154,018 | €176,512 | +€22,494 | +14.6% |
| Equity | 10/15 | €58,160 | €80,797 | +€22,637 | +38.9% |
| 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 | €33,394 | €33,394 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,394 | €6,394 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €194 | €194 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,234 | -€14,597 | +€22,637 | +60.8% |
| Amounts payable | 17/49 | €95,858 | €95,715 | -€143 | -0.1% |
| Amounts payable after more than one year | 17 | €76,793 | €73,447 | -€3,346 | -4.4% |
| Financial debts | 170/4 | €9,644 | €6,297 | -€3,346 | -34.7% |
| Other amounts payable | 178/9 | €67,150 | €67,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,046 | €22,268 | +€3,223 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €2,982 | €3,346 | +€365 | +12.2% |
| Trade debts | 44 | €2,483 | €4,770 | +€2,286 | +92.1% |
| Suppliers | 440/4 | €2,483 | €4,770 | +€2,286 | +92.1% |
| Taxes, remuneration and social security | 45 | €9,345 | €11,821 | +€2,476 | +26.5% |
| Taxes | 450/3 | €4,900 | €7,407 | +€2,507 | +51.2% |
| Remuneration and social security | 454/9 | €4,446 | €4,414 | -€32 | -0.7% |
| Other amounts payable | 47/48 | €4,236 | €2,332 | -€1,904 | -45.0% |
| Accrued charges and deferred income | 492/3 | €19 | €0 | -€19 | -100% |
| Non-recurring operating income | 76A | €3,766 | €363 | -€3,403 | -90.4% |
| Remuneration, social security and pensions | 62 | €70,679 | €77,502 | +€6,824 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,908 | €18,066 | +€158 | +0.9% |
| Other operating charges | 640/8 | €10,784 | €6,596 | -€4,188 | -38.8% |
| Gross operating margin | 9900 | €141,942 | €134,457 | -€7,486 | -5.3% |
| Operating profit (loss) | 9901 | €42,572 | €32,293 | -€10,279 | -24.1% |
| Financial income | 75/76B | €96 | €1,008 | +€912 | +953% |
| Recurring financial income | 75 | €96 | €1,008 | +€912 | +953% |
| Financial charges | 65/66B | €2,162 | €2,346 | +€184 | +8.5% |
| Recurring financial charges | 65 | €2,162 | €2,346 | +€184 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €40,506 | €30,955 | -€9,550 | -23.6% |
| Income taxes | 67/77 | €12,463 | €8,318 | -€4,145 | -33.3% |
| Profit (loss) for the period | 9904 | €28,043 | €22,637 | -€5,405 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,043 | €22,637 | -€5,405 | -19.3% |
Next steps
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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 6 November 2026 via checked.be.