Belgitrade: what changed
Two fiscal 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.
Belgitrade
Largest movements
- Receivables within one year +€38,897
up €38,897 (+425.7%), from €9,137 to €48,034
of which Trade receivables: +€35,320
- Cash -€23,451
down €23,451 (-50.9%), from €46,047 to €22,596
mainly Receivables within one year (-€38,897) and Net result for the year (-€31,520)
- Stocks and contracts -€9,406
down €9,406 (-16.8%), from €55,911 to €46,505
- Other debts +€35,000
up €35,000 (+69.9%), from €50,040 to €85,040
- Profit (loss) carried forward -€31,520
down €31,520, from €4 to -€31,516
- Trade debts +€2,327
up €2,327 (+40.1%), from €5,800 to €8,127
- Tax, wage and social debts +€1,195
up €1,195, from €0 to €1,195
- Gross operating margin -€34,001
down €34,001, from €2,177 to -€31,824
- Financial charges -€1,837
down €1,837 (-96.0%), from €1,914 to €77
- Financial income +€901
up €901, from €0 to €901
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 | €111,845 | €118,846 | +€7,002 | +6.3% |
| Fixed assets | 21/28 | €750 | €750 | = | 0.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €111,095 | €118,096 | +€7,002 | +6.3% |
| Stocks and contracts in progress | 3 | €55,911 | €46,505 | -€9,406 | -16.8% |
| Stocks | 30/36 | €55,911 | €46,505 | -€9,406 | -16.8% |
| Amounts receivable within one year | 40/41 | €9,137 | €48,034 | +€38,897 | +425.7% |
| Trade receivables | 40 | €6,500 | €41,820 | +€35,320 | +543.4% |
| Other amounts receivable | 41 | €2,637 | €6,214 | +€3,577 | +135.6% |
| Cash at bank and in hand | 54/58 | €46,047 | €22,596 | -€23,451 | -50.9% |
| Deferred charges and accrued income | 490/1 | - | €962 | +€962 | |
| Total equity and liabilities | 10/49 | €111,845 | €118,846 | +€7,002 | +6.3% |
| Equity | 10/15 | €56,004 | €24,484 | -€31,520 | -56.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €46,000 | €46,000 | = | 0.0% |
| Distributable reserves | 133 | €46,000 | €46,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4 | -€31,516 | -€31,520 | |
| Amounts payable | 17/49 | €55,840 | €94,362 | +€38,522 | +69.0% |
| Amounts payable within one year | 42/48 | €55,840 | €94,362 | +€38,522 | +69.0% |
| Trade debts | 44 | €5,800 | €8,127 | +€2,327 | +40.1% |
| Suppliers | 440/4 | €5,800 | €8,127 | +€2,327 | +40.1% |
| Taxes, remuneration and social security | 45 | €0 | €1,195 | +€1,195 | |
| Taxes | 450/3 | €0 | €1,195 | +€1,195 | |
| Other amounts payable | 47/48 | €50,040 | €85,040 | +€35,000 | +69.9% |
| Other operating charges | 640/8 | €530 | €520 | -€10 | -1.9% |
| Gross operating margin | 9900 | €2,177 | -€31,824 | -€34,001 | |
| Operating profit (loss) | 9901 | €1,647 | -€32,344 | -€33,991 | |
| Financial income | 75/76B | €0 | €901 | +€901 | |
| Recurring financial income | 75 | €0 | €901 | +€901 | |
| Financial charges | 65/66B | €1,914 | €77 | -€1,837 | -96.0% |
| Recurring financial charges | 65 | €1,914 | €77 | -€1,837 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | -€267 | -€31,520 | -€31,254 | -11716.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€267 | -€31,520 | -€31,254 | -11716.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€267 | -€31,520 | -€31,254 | -11716.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.