Belgimmo: 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.
Belgimmo
Largest movements
- Cash -€13,103
down €13,103 (-8.4%), from €155,334 to €142,232
mainly Net result for the year (-€13,217) and Investment in fixed assets (net) (-€10,868)
- Tangible fixed assets -€8,898
down €8,898 (-3.6%), from €244,847 to €235,949
- Profit (loss) carried forward -€13,217
down €13,217 (-4.7%), from €283,214 to €269,997
- Accrued charges and deferred income -€9,278
down €9,278 (-92.5%), from €10,028 to €750
- Provisions +€27,106
up €27,106, from -€27,106 to €0
- Financial charges -€18,541
down €18,541 (-99.8%), from €18,586 to €45
- Gross operating margin -€2,886
down €2,886 (-23.3%), from €12,393 to €9,507
- Depreciation +€662
up €662 (+3.5%), from €19,105 to €19,767
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 | €401,843 | €379,098 | -€22,745 | -5.7% |
| Fixed assets | 21/28 | €244,847 | €235,949 | -€8,898 | -3.6% |
| Tangible fixed assets | 22/27 | €244,847 | €235,949 | -€8,898 | -3.6% |
| Land and buildings | 22 | €244,847 | €235,949 | -€8,898 | -3.6% |
| Current assets | 29/58 | €156,996 | €143,149 | -€13,847 | -8.8% |
| Amounts receivable within one year | 40/41 | - | €351 | +€351 | |
| Other amounts receivable | 41 | - | €351 | +€351 | |
| Cash at bank and in hand | 54/58 | €155,334 | €142,232 | -€13,103 | -8.4% |
| Deferred charges and accrued income | 490/1 | €1,662 | €567 | -€1,095 | -65.9% |
| Total equity and liabilities | 10/49 | €401,843 | €379,098 | -€22,745 | -5.7% |
| Equity | 10/15 | €388,866 | €375,649 | -€13,217 | -3.4% |
| Contributions | 10/11 | €73,903 | €73,903 | = | 0.0% |
| Capital | 10 | €73,903 | €73,903 | = | 0.0% |
| Issued capital | 100 | €73,903 | €73,903 | = | 0.0% |
| Reserves | 13 | €31,749 | €31,749 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,749 | €31,749 | = | 0.0% |
| Legal reserve | 130 | €31,749 | €31,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,214 | €269,997 | -€13,217 | -4.7% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €12,977 | €3,449 | -€9,528 | -73.4% |
| Amounts payable within one year | 42/48 | €2,949 | €2,699 | -€250 | -8.5% |
| Trade debts | 44 | €2,000 | €1,750 | -€250 | -12.5% |
| Suppliers | 440/4 | €2,000 | €1,750 | -€250 | -12.5% |
| Taxes, remuneration and social security | 45 | €868 | €868 | = | 0.0% |
| Taxes | 450/3 | €868 | €868 | = | 0.0% |
| Other amounts payable | 47/48 | €80 | €80 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,028 | €750 | -€9,278 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,105 | €19,767 | +€662 | +3.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€27,106 | €0 | +€27,106 | |
| Other operating charges | 640/8 | €2,823 | €2,912 | +€89 | +3.2% |
| Gross operating margin | 9900 | €12,393 | €9,507 | -€2,886 | -23.3% |
| Operating profit (loss) | 9901 | €17,570 | -€13,172 | -€30,742 | |
| Financial charges | 65/66B | €18,586 | €45 | -€18,541 | -99.8% |
| Recurring financial charges | 65 | €18,586 | €45 | -€18,541 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,016 | -€13,217 | -€12,201 | -1,201% |
| Profit (loss) for the period | 9904 | -€1,016 | -€13,217 | -€12,201 | -1,201% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,016 | -€13,217 | -€12,201 | -1,201% |
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 17 October 2026 via checked.be.