BELGISSIME: 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.
BELGISSIME
Largest movements
- Receivables within one year +€18,723
up €18,723 (+25.1%), from €74,522 to €93,246
of which Other amounts receivable: +€15,229
- Tangible fixed assets -€16,979
down €16,979 (-27.5%), from €61,849 to €44,870
of which Land and buildings: -€10,017
- Cash -€9,938
down €9,938 (-90.6%), from €10,972 to €1,034
mainly Receivables within one year (-€18,723) and Trade debts (-€15,747)
- Stocks and contracts -€3,325
down €3,325 (-30.0%), from €11,075 to €7,750
- Short-term financial debts +€17,495
new in 2025: €17,495
- Trade debts -€15,747
down €15,747 (-61.5%), from €25,620 to €9,873
- Tax, wage and social debts -€9,600
down €9,600 (-32.0%), from €30,040 to €20,439
of which Remuneration and social security: -€8,386
- Debts after one year -€8,824
down €8,824 (-62.7%), from €14,081 to €5,257
- Profit (loss) carried forward +€4,973
up €4,973 (+7.2%), from €68,797 to €73,771
- Staff costs -€69,745
down €69,745 (-95.9%), from €72,756 to €3,010
- Gross operating margin -€60,151
down €60,151 (-61.6%), from €97,633 to €37,482
- Other operating charges +€4,858
up €4,858 (+83.9%), from €5,789 to €10,646
- Depreciation +€1,266
up €1,266 (+6.6%), from €19,243 to €20,509
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 | €165,788 | €154,270 | -€11,518 | -6.9% |
| Fixed assets | 21/28 | €69,219 | €52,240 | -€16,979 | -24.5% |
| Tangible fixed assets | 22/27 | €61,849 | €44,870 | -€16,979 | -27.5% |
| Land and buildings | 22 | €42,708 | €32,692 | -€10,017 | -23.5% |
| Plant, machinery and equipment | 23 | €12,414 | €5,376 | -€7,038 | -56.7% |
| Furniture and vehicles | 24 | €6,727 | €6,803 | +€76 | +1.1% |
| Financial fixed assets | 28 | €7,370 | €7,370 | = | 0.0% |
| Current assets | 29/58 | €96,569 | €102,030 | +€5,461 | +5.7% |
| Stocks and contracts in progress | 3 | €11,075 | €7,750 | -€3,325 | -30.0% |
| Stocks | 30/36 | €11,075 | €7,750 | -€3,325 | -30.0% |
| Amounts receivable within one year | 40/41 | €74,522 | €93,246 | +€18,723 | +25.1% |
| Trade receivables | 40 | €6,654 | €10,148 | +€3,494 | +52.5% |
| Other amounts receivable | 41 | €67,868 | €83,098 | +€15,229 | +22.4% |
| Cash at bank and in hand | 54/58 | €10,972 | €1,034 | -€9,938 | -90.6% |
| Total equity and liabilities | 10/49 | €165,788 | €154,270 | -€11,518 | -6.9% |
| Equity | 10/15 | €87,397 | €92,371 | +€4,973 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,797 | €73,771 | +€4,973 | +7.2% |
| Amounts payable | 17/49 | €78,390 | €61,899 | -€16,491 | -21.0% |
| Amounts payable after more than one year | 17 | €14,081 | €5,257 | -€8,824 | -62.7% |
| Financial debts | 170/4 | €14,081 | €5,257 | -€8,824 | -62.7% |
| Amounts payable within one year | 42/48 | €64,309 | €56,642 | -€7,667 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €8,649 | €8,824 | +€175 | +2.0% |
| Financial debts | 43 | - | €17,495 | +€17,495 | |
| Credit institutions | 430/8 | - | €17,495 | +€17,495 | |
| Trade debts | 44 | €25,620 | €9,873 | -€15,747 | -61.5% |
| Suppliers | 440/4 | €25,620 | €9,873 | -€15,747 | -61.5% |
| Taxes, remuneration and social security | 45 | €30,040 | €20,439 | -€9,600 | -32.0% |
| Taxes | 450/3 | €21,459 | €20,245 | -€1,214 | -5.7% |
| Remuneration and social security | 454/9 | €8,580 | €194 | -€8,386 | -97.7% |
| Other amounts payable | 47/48 | - | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €72,756 | €3,010 | -€69,745 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,243 | €20,509 | +€1,266 | +6.6% |
| Other operating charges | 640/8 | €5,789 | €10,646 | +€4,858 | +83.9% |
| Gross operating margin | 9900 | €97,633 | €37,482 | -€60,151 | -61.6% |
| Operating profit (loss) | 9901 | -€154 | €3,317 | +€3,471 | |
| Financial income | 75/76B | €3,984 | €4,384 | +€400 | +10.0% |
| Recurring financial income | 75 | €3,984 | €4,384 | +€400 | +10.0% |
| Financial charges | 65/66B | €2,721 | €1,941 | -€780 | -28.7% |
| Recurring financial charges | 65 | €2,721 | €1,941 | -€780 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €1,109 | €5,760 | +€4,651 | +419% |
| Income taxes | 67/77 | - | €787 | +€787 | |
| Profit (loss) for the period | 9904 | €1,109 | €4,973 | +€3,864 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €1,109 | €4,973 | +€3,864 | +348% |
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 26 October 2026 via checked.be.