BELGMA SERVICES: 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.
BELGMA SERVICES
Largest movements
- Receivables within one year +€13,099
up €13,099 (+307%), from €4,272 to €17,370
of which Other amounts receivable: +€7,153
- Cash -€11,079
down €11,079 (-81.8%), from €13,537 to €2,458
mainly Receivables within one year (-€13,099) and Investment in fixed assets (net) (-€6,700)
- Tangible fixed assets +€5,360
new in 2025: €5,360
- Trade debts +€5,396
up €5,396 (+629%), from €858 to €6,254
- Profit (loss) carried forward +€1,984
up €1,984 (+15.3%), from €12,950 to €14,934
- Gross operating margin -€8,551
down €8,551 (-58.2%), from €14,687 to €6,136
- Taxes +€2,541
new in 2025: €2,541
- Depreciation +€1,340
new in 2025: €1,340
- Other operating charges +€186
new in 2025: €186
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 | €17,809 | €25,188 | +€7,380 | +41.4% |
| Fixed assets | 21/28 | - | €5,360 | +€5,360 | |
| Tangible fixed assets | 22/27 | - | €5,360 | +€5,360 | |
| Furniture and vehicles | 24 | - | €5,360 | +€5,360 | |
| Current assets | 29/58 | €17,809 | €19,828 | +€2,020 | +11.3% |
| Amounts receivable within one year | 40/41 | €4,272 | €17,370 | +€13,099 | +307% |
| Trade receivables | 40 | - | €5,946 | +€5,946 | |
| Other amounts receivable | 41 | €4,272 | €11,425 | +€7,153 | +167% |
| Cash at bank and in hand | 54/58 | €13,537 | €2,458 | -€11,079 | -81.8% |
| Total equity and liabilities | 10/49 | €17,809 | €25,188 | +€7,380 | +41.4% |
| Equity | 10/15 | €16,950 | €18,934 | +€1,984 | +11.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,950 | €14,934 | +€1,984 | +15.3% |
| Amounts payable | 17/49 | €858 | €6,254 | +€5,396 | +629% |
| Amounts payable within one year | 42/48 | €858 | €6,254 | +€5,396 | +629% |
| Trade debts | 44 | €858 | €6,254 | +€5,396 | +629% |
| Suppliers | 440/4 | €858 | €6,254 | +€5,396 | +629% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,340 | +€1,340 | |
| Other operating charges | 640/8 | - | €186 | +€186 | |
| Gross operating margin | 9900 | €14,687 | €6,136 | -€8,551 | -58.2% |
| Operating profit (loss) | 9901 | €14,687 | €4,611 | -€10,077 | -68.6% |
| Financial charges | 65/66B | - | €85 | +€85 | |
| Recurring financial charges | 65 | - | €85 | +€85 | |
| Profit (loss) for the period before taxes | 9903 | €14,687 | €4,525 | -€10,162 | -69.2% |
| Income taxes | 67/77 | - | €2,541 | +€2,541 | |
| Profit (loss) for the period | 9904 | €14,687 | €1,984 | -€12,703 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,687 | €1,984 | -€12,703 | -86.5% |
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 30 October 2026 via checked.be.