BELGIMM: 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.
BELGIMM
Largest movements
- Tangible fixed assets -€13,462
down €13,462 (-7.6%), from €177,061 to €163,600
of which Land and buildings: -€13,207
- Cash -€12,256
down €12,256 (-15.9%), from €77,101 to €64,846
mainly Receivables within one year (-€10,063) and Net result for the year (-€7,310)
- Receivables within one year +€10,063
up €10,063 (+11.4%), from €87,889 to €97,952
of which Trade receivables: +€9,590
- Profit (loss) carried forward -€7,310
down €7,310 (-4.1%), from -€177,571 to -€184,881
- Trade debts -€6,762
down €6,762 (-58.5%), from €11,566 to €4,804
- Other debts -€4,313
down €4,313 (-1.0%), from €441,484 to €437,171
- Gross operating margin +€5,394
up €5,394 (+50.9%), from €10,600 to €15,995
- Other operating charges +€3,298
up €3,298 (+56.0%), from €5,892 to €9,190
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 | €344,375 | €328,868 | -€15,507 | -4.5% |
| Fixed assets | 21/28 | €177,185 | €163,724 | -€13,462 | -7.6% |
| Tangible fixed assets | 22/27 | €177,061 | €163,600 | -€13,462 | -7.6% |
| Land and buildings | 22 | €176,447 | €163,240 | -€13,207 | -7.5% |
| Plant, machinery and equipment | 23 | €614 | €359 | -€255 | -41.5% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €167,190 | €165,144 | -€2,045 | -1.2% |
| Amounts receivable within one year | 40/41 | €87,889 | €97,952 | +€10,063 | +11.4% |
| Trade receivables | 40 | €79,829 | €89,419 | +€9,590 | +12.0% |
| Other amounts receivable | 41 | €8,060 | €8,533 | +€473 | +5.9% |
| Cash at bank and in hand | 54/58 | €77,101 | €64,846 | -€12,256 | -15.9% |
| Deferred charges and accrued income | 490/1 | €2,199 | €2,346 | +€147 | +6.7% |
| Total equity and liabilities | 10/49 | €344,375 | €328,868 | -€15,507 | -4.5% |
| Equity | 10/15 | -€108,675 | -€115,985 | -€7,310 | -6.7% |
| 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 | €6,896 | €6,896 | = | 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 | €696 | €696 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,571 | -€184,881 | -€7,310 | -4.1% |
| Amounts payable | 17/49 | €453,050 | €444,853 | -€8,197 | -1.8% |
| Amounts payable within one year | 42/48 | €453,050 | €441,975 | -€11,075 | -2.4% |
| Trade debts | 44 | €11,566 | €4,804 | -€6,762 | -58.5% |
| Suppliers | 440/4 | €11,566 | €4,804 | -€6,762 | -58.5% |
| Other amounts payable | 47/48 | €441,484 | €437,171 | -€4,313 | -1.0% |
| Accrued charges and deferred income | 492/3 | - | €2,878 | +€2,878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,564 | €13,462 | -€102 | -0.8% |
| Other operating charges | 640/8 | €5,892 | €9,190 | +€3,298 | +56.0% |
| Gross operating margin | 9900 | €10,600 | €15,995 | +€5,394 | +50.9% |
| Operating profit (loss) | 9901 | -€8,856 | -€6,657 | +€2,199 | +24.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €644 | €654 | +€9 | +1.4% |
| Recurring financial charges | 65 | €644 | €654 | +€9 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,500 | -€7,310 | +€2,190 | +23.1% |
| Profit (loss) for the period | 9904 | -€9,500 | -€7,310 | +€2,190 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,500 | -€7,310 | +€2,190 | +23.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.