Belgo Facility 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.
Belgo Facility Services
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+200%), from €591,033 to €1.8m
of which Trade receivables: +€1.2m
- Financial fixed assets +€36,580
up €36,580 (+58.3%), from €62,724 to €99,304
- Trade debts +€1.0m
up €1.0m (+230%), from €440,539 to €1.5m
- Profit (loss) carried forward +€173,767
up €173,767 (+168%), from €103,270 to €277,038
- Short-term financial debts +€22,549
up €22,549 (+164%), from €13,785 to €36,334
- Gross operating margin +€467,447
up €467,447 (+70.8%), from €660,519 to €1.1m
- Staff costs +€332,283
up €332,283 (+54.8%), from €606,800 to €939,083
- Financial income +€81,979
new in 2025: €81,979
of which Financial income: +€81,979
- Taxes +€47,502
up €47,502 (+437%), from €10,877 to €58,379
- Other operating charges +€20,132
up €20,132 (+948%), from €2,123 to €22,256
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 | €759,878 | €1,972,564 | +€1.2m | +160% |
| Fixed assets | 21/28 | €97,066 | €137,915 | +€40,849 | +42.1% |
| Tangible fixed assets | 22/27 | €34,343 | €38,612 | +€4,269 | +12.4% |
| Plant, machinery and equipment | 23 | €10,717 | €3,586 | -€7,132 | -66.5% |
| Furniture and vehicles | 24 | €23,626 | €35,026 | +€11,401 | +48.3% |
| Financial fixed assets | 28 | €62,724 | €99,304 | +€36,580 | +58.3% |
| Current assets | 29/58 | €662,812 | €1,834,649 | +€1.2m | +177% |
| Amounts receivable within one year | 40/41 | €591,033 | €1,775,162 | +€1.2m | +200% |
| Trade receivables | 40 | €579,435 | €1,760,788 | +€1.2m | +204% |
| Other amounts receivable | 41 | €11,598 | €14,374 | +€2,776 | +23.9% |
| Cash at bank and in hand | 54/58 | €71,779 | €56,278 | -€15,501 | -21.6% |
| Deferred charges and accrued income | 490/1 | - | €3,209 | +€3,209 | |
| Total equity and liabilities | 10/49 | €759,878 | €1,972,564 | +€1.2m | +160% |
| Equity | 10/15 | €123,730 | €297,498 | +€173,767 | +140% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,270 | €277,038 | +€173,767 | +168% |
| Amounts payable | 17/49 | €636,148 | €1,675,067 | +€1.0m | +163% |
| Amounts payable within one year | 42/48 | €636,148 | €1,675,067 | +€1.0m | +163% |
| Financial debts | 43 | €13,785 | €36,334 | +€22,549 | +164% |
| Credit institutions | 430/8 | €13,785 | €36,334 | +€22,549 | +164% |
| Trade debts | 44 | €440,539 | €1,455,624 | +€1.0m | +230% |
| Suppliers | 440/4 | €440,539 | €1,455,624 | +€1.0m | +230% |
| Taxes, remuneration and social security | 45 | €147,508 | €159,212 | +€11,704 | +7.9% |
| Taxes | 450/3 | €63,637 | €107,165 | +€43,528 | +68.4% |
| Remuneration and social security | 454/9 | €83,870 | €52,047 | -€31,824 | -37.9% |
| Other amounts payable | 47/48 | €34,317 | €23,897 | -€10,420 | -30.4% |
| Non-recurring operating income | 76A | €4,207 | - | -€4,207 | |
| Remuneration, social security and pensions | 62 | €606,800 | €939,083 | +€332,283 | +54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,907 | €20,395 | +€6,488 | +46.7% |
| Other operating charges | 640/8 | €2,123 | €22,256 | +€20,132 | +948% |
| Gross operating margin | 9900 | €660,519 | €1,127,967 | +€467,447 | +70.8% |
| Operating profit (loss) | 9901 | €37,689 | €146,233 | +€108,544 | +288% |
| Financial income | 75/76B | - | €81,979 | +€81,979 | |
| Recurring financial income | 75 | - | €81,979 | +€81,979 | |
| Non-recurring financial income | 76B | - | €81,979 | +€81,979 | |
| Financial charges | 65/66B | €1,494 | €1,397 | -€97 | -6.5% |
| Recurring financial charges | 65 | €1,494 | €1,397 | -€97 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €36,195 | €226,814 | +€190,620 | +527% |
| Income taxes | 67/77 | €10,877 | €58,379 | +€47,502 | +437% |
| Profit (loss) for the period | 9904 | €25,318 | €168,435 | +€143,117 | +565% |
| Profit (loss) for the period to be appropriated | 9905 | €25,318 | €168,435 | +€143,117 | +565% |
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 15 October 2026 via checked.be.