BELGO MAINTENANCE: 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 MAINTENANCE
Largest movements
- Receivables within one year +€8,747
up €8,747 (+5.3%), from €163,636 to €172,383
- Tangible fixed assets -€5,583
down €5,583 (-10.8%), from €51,909 to €46,326
- Profit (loss) carried forward +€2,319
up €2,319 (+13.0%), from €17,770 to €20,088
- Taxes +€845
new in 2025: €845
- Gross operating margin +€205
up €205 (+2.0%), from €10,470 to €10,676
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,545 | €218,708 | +€3,164 | +1.5% |
| Fixed assets | 21/28 | €51,909 | €46,326 | -€5,583 | -10.8% |
| Tangible fixed assets | 22/27 | €51,909 | €46,326 | -€5,583 | -10.8% |
| Land and buildings | 22 | €51,909 | €46,326 | -€5,583 | -10.8% |
| Current assets | 29/58 | €163,636 | €172,383 | +€8,747 | +5.3% |
| Amounts receivable within one year | 40/41 | €163,636 | €172,383 | +€8,747 | +5.3% |
| Other amounts receivable | 41 | €163,636 | €172,383 | +€8,747 | +5.3% |
| Total equity and liabilities | 10/49 | €215,545 | €218,708 | +€3,164 | +1.5% |
| Equity | 10/15 | €215,395 | €217,714 | +€2,319 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €191,425 | €191,425 | = | 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% |
| Distributable reserves | 133 | €189,565 | €189,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,770 | €20,088 | +€2,319 | +13.0% |
| Amounts payable | 17/49 | €150 | €995 | +€845 | +564.4% |
| Amounts payable within one year | 42/48 | €150 | €995 | +€845 | +564.4% |
| Trade debts | 44 | €150 | €150 | = | 0.0% |
| Suppliers | 440/4 | €150 | €150 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €845 | +€845 | |
| Taxes | 450/3 | - | €845 | +€845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,583 | €5,583 | = | 0.0% |
| Other operating charges | 640/8 | €1,870 | €1,929 | +€59 | +3.2% |
| Gross operating margin | 9900 | €10,470 | €10,676 | +€205 | +2.0% |
| Operating profit (loss) | 9901 | €3,017 | €3,164 | +€146 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €3,017 | €3,164 | +€146 | +4.9% |
| Income taxes | 67/77 | - | €845 | +€845 | |
| Profit (loss) for the period | 9904 | €3,017 | €2,319 | -€699 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,017 | €2,319 | -€699 | -23.2% |
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 11 October 2026 via checked.be.