BELGIAN TREASURES: what changed
What changed
BELGIAN TREASURES
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
€38,014
2024 · €13,890+€24,123
Equity
€135,244
2024 · €97,231+€38,014
Cash
€67,638
2024 · €48,965+€18,673
Balance sheet total
€187,401
2024 · €157,082+€30,319
Largest movements
Assets
- Cash +€18,673
up €18,673 (+38.1%), from €48,965 to €67,638
mainly Net result for the year (+€38,014) and Other debts (+€9,188)
- Stocks and contracts +€15,857
up €15,857 (+35.9%), from €44,118 to €59,975
- Deferred charges and accrued income -€1,928
down €1,928 (-96.4%), from €1,999 to €71
Equity and liabilities
- Reserves +€38,014
up €38,014 (+77.7%), from €48,931 to €86,944
- Tax, wage and social debts -€16,904
down €16,904 (-60.2%), from €28,070 to €11,166
of which Remuneration and social security: -€18,353
- Other debts +€9,188
up €9,188 (+37.4%), from €24,574 to €33,762
Income statement
- Gross operating margin +€37,924
up €37,924 (+90.1%), from €42,089 to €80,013
- Taxes +€8,674
up €8,674 (+1,249%), from €695 to €9,368
- Staff costs +€5,631
up €5,631 (+22.7%), from €24,859 to €30,489
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
€13,890
Gross operating margin
+€37,924
Staff costs
-€5,631
Depreciation
+€514
Other operating charges
+€511
Financial income
+€154
Financial charges
-€675
Taxes
-€8,674
Result 2025
€38,014
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
+€19,072
Investment
-€399
Financing
€0
Cash 2024
€48,965
From operations (derived)
+€19,072
Net result for the year
+€38,014
Depreciation
+€1,274
Stocks and contracts
-€15,857
Receivables within one year
+€1,409
Deferred charges and accrued income
+€1,928
Trade debts
+€22
Tax, wage and social debts
-€16,904
Other debts
+€9,188
Investment (derived)
-€399
Current investments
-€399
Cash 2025
€67,638
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,082 | €187,401 | +€30,319 | +19.3% |
| Fixed assets | 21/28 | €6,760 | €5,486 | -€1,274 | -18.8% |
| Tangible fixed assets | 22/27 | €6,670 | €5,396 | -€1,274 | -19.1% |
| Land and buildings | 22 | €5,698 | €4,748 | -€950 | -16.7% |
| Plant, machinery and equipment | 23 | €972 | €648 | -€324 | -33.3% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €150,322 | €181,915 | +€31,593 | +21.0% |
| Stocks and contracts in progress | 3 | €44,118 | €59,975 | +€15,857 | +35.9% |
| Stocks | 30/36 | €44,118 | €59,975 | +€15,857 | +35.9% |
| Amounts receivable within one year | 40/41 | €8,100 | €6,691 | -€1,409 | -17.4% |
| Trade receivables | 40 | €1,974 | €2,087 | +€113 | +5.7% |
| Other amounts receivable | 41 | €6,126 | €4,604 | -€1,522 | -24.8% |
| Current investments | 50/53 | €47,140 | €47,539 | +€399 | +0.8% |
| Cash at bank and in hand | 54/58 | €48,965 | €67,638 | +€18,673 | +38.1% |
| Deferred charges and accrued income | 490/1 | €1,999 | €71 | -€1,928 | -96.4% |
| Total equity and liabilities | 10/49 | €157,082 | €187,401 | +€30,319 | +19.3% |
| Equity | 10/15 | €97,231 | €135,244 | +€38,014 | +39.1% |
| Contributions | 10/11 | €48,300 | €48,300 | = | 0.0% |
| Reserves | 13 | €48,931 | €86,944 | +€38,014 | +77.7% |
| Distributable reserves | 133 | €48,931 | €86,944 | +€38,014 | +77.7% |
| Amounts payable | 17/49 | €59,851 | €52,157 | -€7,695 | -12.9% |
| Amounts payable within one year | 42/48 | €59,851 | €52,157 | -€7,695 | -12.9% |
| Trade debts | 44 | €7,207 | €7,229 | +€22 | +0.3% |
| Suppliers | 440/4 | €7,207 | €7,229 | +€22 | +0.3% |
| Taxes, remuneration and social security | 45 | €28,070 | €11,166 | -€16,904 | -60.2% |
| Taxes | 450/3 | €3,491 | €4,940 | +€1,449 | +41.5% |
| Remuneration and social security | 454/9 | €24,579 | €6,226 | -€18,353 | -74.7% |
| Other amounts payable | 47/48 | €24,574 | €33,762 | +€9,188 | +37.4% |
| Remuneration, social security and pensions | 62 | €24,859 | €30,489 | +€5,631 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,788 | €1,274 | -€514 | -28.8% |
| Other operating charges | 640/8 | €1,394 | €883 | -€511 | -36.7% |
| Gross operating margin | 9900 | €42,089 | €80,013 | +€37,924 | +90.1% |
| Operating profit (loss) | 9901 | €14,049 | €47,368 | +€33,318 | +237% |
| Financial income | 75/76B | €1,087 | €1,241 | +€154 | +14.1% |
| Recurring financial income | 75 | €1,087 | €1,241 | +€154 | +14.1% |
| Financial charges | 65/66B | €552 | €1,227 | +€675 | +122% |
| Recurring financial charges | 65 | €552 | €1,227 | +€675 | +122% |
| Profit (loss) for the period before taxes | 9903 | €14,585 | €47,382 | +€32,797 | +225% |
| Income taxes | 67/77 | €695 | €9,368 | +€8,674 | +1,249% |
| Profit (loss) for the period | 9904 | €13,890 | €38,014 | +€24,123 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €13,890 | €38,014 | +€24,123 | +174% |
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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 4 November 2026 via checked.be.