BELGO-TECH GROUP: 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-TECH GROUP
Largest movements
- Receivables within one year +€11,091
up €11,091 (+84.0%), from €13,210 to €24,301
of which Trade receivables: +€10,503
- Cash +€10,622
up €10,622 (+65.2%), from €16,289 to €26,911
mainly Net result for the year (+€17,503) and Tax, wage and social debts (+€5,502)
- Tangible fixed assets +€1,735
new in 2025: €1,735
- Profit (loss) carried forward +€17,503
up €17,503 (+426%), from €4,110 to €21,614
- Tax, wage and social debts +€5,502
up €5,502 (+310%), from €1,777 to €7,279
- Contributions +€5,000
new in 2025: €5,000
- Trade debts -€4,557
down €4,557 (-19.3%), from €23,612 to €19,054
- Gross operating margin +€17,130
up €17,130 (+323%), from €5,306 to €22,436
- Taxes +€3,326
up €3,326 (+314%), from €1,058 to €4,385
- Depreciation +€312
new in 2025: €312
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 | €29,499 | €52,946 | +€23,447 | +79.5% |
| Fixed assets | 21/28 | - | €1,735 | +€1,735 | |
| Tangible fixed assets | 22/27 | - | €1,735 | +€1,735 | |
| Furniture and vehicles | 24 | - | €1,735 | +€1,735 | |
| Current assets | 29/58 | €29,499 | €51,212 | +€21,713 | +73.6% |
| Amounts receivable within one year | 40/41 | €13,210 | €24,301 | +€11,091 | +84.0% |
| Trade receivables | 40 | €4,360 | €14,863 | +€10,503 | +241% |
| Other amounts receivable | 41 | €8,850 | €9,438 | +€588 | +6.6% |
| Cash at bank and in hand | 54/58 | €16,289 | €26,911 | +€10,622 | +65.2% |
| Total equity and liabilities | 10/49 | €29,499 | €52,946 | +€23,447 | +79.5% |
| Equity | 10/15 | €4,110 | €26,614 | +€22,503 | +547% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €4,110 | €21,614 | +€17,503 | +426% |
| Amounts payable | 17/49 | €25,389 | €26,333 | +€944 | +3.7% |
| Amounts payable within one year | 42/48 | €25,389 | €26,333 | +€944 | +3.7% |
| Trade debts | 44 | €23,612 | €19,054 | -€4,557 | -19.3% |
| Suppliers | 440/4 | €23,612 | €19,054 | -€4,557 | -19.3% |
| Taxes, remuneration and social security | 45 | €1,777 | €7,279 | +€5,502 | +310% |
| Taxes | 450/3 | €1,777 | €7,279 | +€5,502 | +310% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €312 | +€312 | |
| Other operating charges | 640/8 | - | €47 | +€47 | |
| Gross operating margin | 9900 | €5,306 | €22,436 | +€17,130 | +323% |
| Operating profit (loss) | 9901 | €5,306 | €22,077 | +€16,771 | +316% |
| Financial charges | 65/66B | €138 | €189 | +€52 | +37.6% |
| Recurring financial charges | 65 | €138 | €189 | +€52 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €5,169 | €21,888 | +€16,719 | +323% |
| Income taxes | 67/77 | €1,058 | €4,385 | +€3,326 | +314% |
| Profit (loss) for the period | 9904 | €4,110 | €17,503 | +€13,393 | +326% |
| Profit (loss) for the period to be appropriated | 9905 | €4,110 | €17,503 | +€13,393 | +326% |
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 18 October 2026 via checked.be.