Belgische Depots: 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.
Belgische Depots
Largest movements
- Receivables within one year -€98,794
down €98,794 (-20.1%), from €491,306 to €392,512
of which Other amounts receivable: -€68,984
- Current investments +€88,000
up €88,000 (+7.5%), from €1.2m to €1.3m
- Cash -€81,616
down €81,616 (-87.5%), from €93,265 to €11,649
mainly Short-term financial debts (-€250,000) and Contributions, distributions and other (-€175,740)
- Short-term financial debts -€250,000
down €250,000 (-100%), from €250,000 to €0
- Other debts +€162,756
up €162,756 (+1,232%), from €13,209 to €175,965
- Gross operating margin +€92,113
up €92,113 (+68.6%), from €134,371 to €226,484
- Financial income +€10,141
up €10,141 (+78.1%), from €12,993 to €23,134
- Taxes +€6,776
up €6,776 (+25.8%), from €26,250 to €33,026
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 | €1,759,715 | €1,668,426 | -€91,289 | -5.2% |
| Fixed assets | 21/28 | €3,144 | €3,099 | -€45 | -1.4% |
| Tangible fixed assets | 22/27 | €3,144 | €3,099 | -€45 | -1.4% |
| Land and buildings | 22 | €3,144 | €3,099 | -€45 | -1.4% |
| Current assets | 29/58 | €1,756,571 | €1,665,328 | -€91,243 | -5.2% |
| Amounts receivable within one year | 40/41 | €491,306 | €392,512 | -€98,794 | -20.1% |
| Trade receivables | 40 | €49,253 | €19,444 | -€29,810 | -60.5% |
| Other amounts receivable | 41 | €442,052 | €373,068 | -€68,984 | -15.6% |
| Current investments | 50/53 | €1,172,000 | €1,260,000 | +€88,000 | +7.5% |
| Cash at bank and in hand | 54/58 | €93,265 | €11,649 | -€81,616 | -87.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,166 | +€1,166 | |
| Total equity and liabilities | 10/49 | €1,759,715 | €1,668,426 | -€91,289 | -5.2% |
| Equity | 10/15 | €1,106,563 | €1,106,563 | = | 0.0% |
| Contributions | 10/11 | €508,000 | €508,000 | = | 0.0% |
| Capital | 10 | €508,000 | €508,000 | = | 0.0% |
| Issued capital | 100 | €508,000 | €508,000 | = | 0.0% |
| Reserves | 13 | €598,563 | €598,563 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,800 | €50,800 | = | 0.0% |
| Legal reserve | 130 | €50,800 | €50,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €542,805 | €542,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €381,438 | €381,438 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €381,438 | €381,438 | = | 0.0% |
| Major repairs and maintenance | 162 | €381,438 | €381,438 | = | 0.0% |
| Amounts payable | 17/49 | €271,713 | €180,425 | -€91,289 | -33.6% |
| Amounts payable within one year | 42/48 | €271,713 | €180,425 | -€91,289 | -33.6% |
| Financial debts | 43 | €250,000 | €0 | -€250,000 | -100% |
| Credit institutions | 430/8 | €250,000 | €0 | -€250,000 | -100% |
| Trade debts | 44 | €8,504 | €1,435 | -€7,069 | -83.1% |
| Suppliers | 440/4 | €8,504 | €1,435 | -€7,069 | -83.1% |
| Taxes, remuneration and social security | 45 | €0 | €3,025 | +€3,025 | |
| Taxes | 450/3 | €0 | €3,025 | +€3,025 | |
| Other amounts payable | 47/48 | €13,209 | €175,965 | +€162,756 | +1,232% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679 | €45 | -€634 | -93.3% |
| Other operating charges | 640/8 | €40,089 | €40,375 | +€285 | +0.7% |
| Gross operating margin | 9900 | €134,371 | €226,484 | +€92,113 | +68.6% |
| Operating profit (loss) | 9901 | €93,603 | €186,064 | +€92,461 | +98.8% |
| Financial income | 75/76B | €12,993 | €23,134 | +€10,141 | +78.1% |
| Recurring financial income | 75 | €12,993 | €23,134 | +€10,141 | +78.1% |
| Financial charges | 65/66B | €2,102 | €432 | -€1,670 | -79.5% |
| Recurring financial charges | 65 | €2,102 | €432 | -€1,670 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €104,494 | €208,767 | +€104,273 | +99.8% |
| Income taxes | 67/77 | €26,250 | €33,026 | +€6,776 | +25.8% |
| Profit (loss) for the period | 9904 | €78,244 | €175,740 | +€97,496 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €78,244 | €175,740 | +€97,496 | +125% |
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 28 October 2026 via checked.be.