BELGO CHASSIS: 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.
BELGO CHASSIS
Largest movements
- Tangible fixed assets -€9,362
down €9,362 (-28.8%), from €32,499 to €23,137
- Cash -€7,409
down €7,409 (-42.7%), from €17,360 to €9,951
mainly Contributions, distributions and other (-€10,000) and Net result for the year (-€5,998)
- Current investments +€3,303
up €3,303 (+5.7%), from €57,682 to €60,985
- Reserves -€13,015
down €13,015 (-15.7%), from €82,860 to €69,845
- Profit (loss) carried forward -€2,983
no longer reported in 2025 (was €2,983)
- Trade debts +€1,933
new in 2025: €1,933
- Gross operating margin -€5,928
down €5,928 (-54.5%), from €10,870 to €4,942
- Taxes -€1,539
down €1,539 (-68.5%), from €2,247 to €707
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 | €117,365 | €102,651 | -€14,714 | -12.5% |
| Fixed assets | 21/28 | €32,764 | €23,262 | -€9,502 | -29.0% |
| Intangible fixed assets | 21 | €265 | €125 | -€140 | -52.8% |
| Tangible fixed assets | 22/27 | €32,499 | €23,137 | -€9,362 | -28.8% |
| Furniture and vehicles | 24 | €32,499 | €23,137 | -€9,362 | -28.8% |
| Current assets | 29/58 | €84,600 | €79,389 | -€5,211 | -6.2% |
| Amounts receivable within one year | 40/41 | €8,437 | €7,383 | -€1,053 | -12.5% |
| Trade receivables | 40 | €2,091 | €1,147 | -€944 | -45.2% |
| Other amounts receivable | 41 | €6,346 | €6,237 | -€109 | -1.7% |
| Current investments | 50/53 | €57,682 | €60,985 | +€3,303 | +5.7% |
| Cash at bank and in hand | 54/58 | €17,360 | €9,951 | -€7,409 | -42.7% |
| Deferred charges and accrued income | 490/1 | €1,121 | €1,070 | -€52 | -4.6% |
| Total equity and liabilities | 10/49 | €117,365 | €102,651 | -€14,714 | -12.5% |
| Equity | 10/15 | €104,443 | €88,445 | -€15,998 | -15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,860 | €69,845 | -€13,015 | -15.7% |
| Distributable reserves | 133 | €82,860 | €69,845 | -€13,015 | -15.7% |
| Profit (loss) carried forward | 14 | €2,983 | - | -€2,983 | |
| Amounts payable | 17/49 | €12,922 | €14,206 | +€1,284 | +9.9% |
| Amounts payable within one year | 42/48 | €12,922 | €14,206 | +€1,284 | +9.9% |
| Trade debts | 44 | - | €1,933 | +€1,933 | |
| Suppliers | 440/4 | - | €1,933 | +€1,933 | |
| Taxes, remuneration and social security | 45 | €2,922 | €2,273 | -€649 | -22.2% |
| Taxes | 450/3 | €2,922 | €2,273 | -€649 | -22.2% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,569 | €9,502 | -€67 | -0.7% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €10,870 | €4,942 | -€5,928 | -54.5% |
| Operating profit (loss) | 9901 | €402 | -€5,489 | -€5,891 | |
| Financial income | 75/76B | €295 | €259 | -€36 | -12.2% |
| Recurring financial income | 75 | €295 | €259 | -€36 | -12.2% |
| Financial charges | 65/66B | €80 | €61 | -€19 | -24.2% |
| Recurring financial charges | 65 | €80 | €61 | -€19 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €617 | -€5,290 | -€5,907 | |
| Income taxes | 67/77 | €2,247 | €707 | -€1,539 | -68.5% |
| Profit (loss) for the period | 9904 | -€1,630 | -€5,998 | -€4,368 | -268.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,630 | -€5,998 | -€4,368 | -268.1% |
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 5 October 2026 via checked.be.