BELGINVEST: 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.
BELGINVEST
Largest movements
- Receivables within one year -€47,303
down €47,303 (-97.6%), from €48,480 to €1,177
of which Other amounts receivable: -€47,553
- Profit (loss) carried forward -€28,271
down €28,271 (-24.6%), from -€114,721 to -€142,992
- Other debts -€19,135
down €19,135 (-11.9%), from €161,380 to €142,245
- Gross operating margin -€3,841
down €3,841 (-256.7%), from -€1,496 to -€5,336
- Financial charges -€3,283
down €3,283 (-13.5%), from €24,358 to €21,075
- Other operating charges +€1,373
up €1,373 (+212.1%), from €647 to €2,021
- Financial income +€161
new in 2025: €161
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.
Cash bridge derived
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 | €415,647 | €368,176 | -€47,471 | -11.4% |
| Current assets | 29/58 | €415,647 | €368,176 | -€47,471 | -11.4% |
| Stocks and contracts in progress | 3 | €365,937 | €365,937 | = | 0.0% |
| Stocks | 30/36 | €365,937 | €365,937 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,480 | €1,177 | -€47,303 | -97.6% |
| Trade receivables | 40 | - | €250 | +€250 | |
| Other amounts receivable | 41 | €48,480 | €927 | -€47,553 | -98.1% |
| Cash at bank and in hand | 54/58 | €1,229 | €1,061 | -€168 | -13.7% |
| Total equity and liabilities | 10/49 | €415,647 | €368,176 | -€47,471 | -11.4% |
| Equity | 10/15 | -€96,121 | -€124,392 | -€28,271 | -29.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,721 | -€142,992 | -€28,271 | -24.6% |
| Amounts payable | 17/49 | €511,768 | €492,567 | -€19,200 | -3.8% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €161,768 | €142,567 | -€19,200 | -11.9% |
| Trade debts | 44 | €387 | €322 | -€65 | -16.9% |
| Suppliers | 440/4 | €387 | €322 | -€65 | -16.9% |
| Other amounts payable | 47/48 | €161,380 | €142,245 | -€19,135 | -11.9% |
| Other operating charges | 640/8 | €647 | €2,021 | +€1,373 | +212.1% |
| Gross operating margin | 9900 | -€1,496 | -€5,336 | -€3,841 | -256.7% |
| Operating profit (loss) | 9901 | -€2,143 | -€7,357 | -€5,214 | -243.3% |
| Financial income | 75/76B | - | €161 | +€161 | |
| Recurring financial income | 75 | - | €161 | +€161 | |
| Financial charges | 65/66B | €24,358 | €21,075 | -€3,283 | -13.5% |
| Recurring financial charges | 65 | €24,358 | €21,075 | -€3,283 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,501 | -€28,271 | -€1,769 | -6.7% |
| Profit (loss) for the period | 9904 | -€26,501 | -€28,271 | -€1,769 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,501 | -€28,271 | -€1,769 | -6.7% |
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 10 October 2026 via checked.be.