BELGOCATERING: 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.
What changed
BELGOCATERING
NACE 56.210, Event catering
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2.5m
2024 · -€2.0m-€504,793
Equity
€3.4m
2024 · €4.0m-€538,714
Cash
€968,822
2024 · €1.0m-€74,676
Balance sheet total
€11.1m
2024 · €11.1m-€12,354
Largest movements
Assets
- Financial fixed assets +€229,788
up €229,788 (+10.2%), from €2.2m to €2.5m
of which Affiliated companies: +€229,788
- Intangible fixed assets -€125,552
down €125,552 (-16.8%), from €748,848 to €623,296
Equity and liabilities
- Profit (loss) carried forward -€2.5m
down €2.5m (-14.0%), from -€18.1m to -€20.6m
- Contributions +€2.0m
up €2.0m (+9.1%), from €22.0m to €24.0m
- Short-term financial debts +€300,000
up €300,000 (+30.0%), from €1.0m to €1.3m
- Trade debts +€199,010
up €199,010 (+9.0%), from €2.2m to €2.4m
- Accrued charges and deferred income +€147,075
up €147,075 (+779%), from €18,875 to €165,950
Income statement
- Goods and materials +€1.2m
up €1.2m (+16.0%), from €7.5m to €8.8m
of which Purchases: +€1.4m
- Turnover +€1.1m
up €1.1m (+4.7%), from €23.2m to €24.3m
- Staff costs +€502,184
up €502,184 (+4.9%), from €10.3m to €10.8m
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.
Result 2024
-€2.0m
Turnover
+€1.1m
Other operating income
-€124,017
Goods and materials
-€1.2m
Services and other goods
+€105,088
Staff costs
-€502,184
Depreciation
+€29,061
Write-downs
-€41,976
Provisions
-€56,679
Other operating charges
-€26,692
Other operating items
-€2,124
Financial income
+€4,800
Financial charges
+€210,981
Taxes
+€16,113
Result 2025
-€2.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.8m
Investment
-€544,649
Financing
+€2.3m
Cash 2024
€1.0m
From operations (derived)
-€1.8m
Net result for the year
-€2.5m
Depreciation
+€347,377
Receivables after one year
+€92,122
Stocks and contracts
-€52,668
Receivables within one year
+€39,574
Deferred charges and accrued income
+€55,923
Trade debts
+€199,010
Tax, wage and social debts
-€119,726
Accrued charges and deferred income
+€147,075
Investment (derived)
-€544,649
Investment in fixed assets (net)
-€544,649
Financing
+€2.3m
Short-term financial debts
+€300,000
Contributions, distributions and other
+€2.0m
Cash 2025
€968,822
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,115,374 | €11,103,019 | -€12,354 | -0.1% |
| Fixed assets | 21/28 | €3,498,459 | €3,695,731 | +€197,272 | +5.6% |
| Intangible fixed assets | 21 | €748,848 | €623,296 | -€125,552 | -16.8% |
| Tangible fixed assets | 22/27 | €505,170 | €598,206 | +€93,036 | +18.4% |
| Plant, machinery and equipment | 23 | €297,923 | €443,896 | +€145,973 | +49.0% |
| Furniture and vehicles | 24 | €3,581 | €3,111 | -€470 | -13.1% |
| Other tangible fixed assets | 26 | €203,667 | €151,199 | -€52,467 | -25.8% |
| Financial fixed assets | 28 | €2,244,441 | €2,474,229 | +€229,788 | +10.2% |
| Affiliated companies | 280/1 | €2,232,200 | €2,461,988 | +€229,788 | +10.3% |
| Participating interests | 280 | €2,232,200 | €2,461,988 | +€229,788 | +10.3% |
| Other financial fixed assets | 284/8 | €12,241 | €12,241 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €12,241 | €12,241 | = | 0.0% |
| Current assets | 29/58 | €7,616,915 | €7,407,288 | -€209,627 | -2.8% |
| Amounts receivable after more than one year | 29 | €719,385 | €627,263 | -€92,122 | -12.8% |
| Other amounts receivable | 291 | €719,385 | €627,263 | -€92,122 | -12.8% |
| Stocks and contracts in progress | 3 | €357,808 | €410,476 | +€52,668 | +14.7% |
| Stocks | 30/36 | €357,808 | €410,476 | +€52,668 | +14.7% |
| Raw materials and consumables | 30/31 | €280,627 | €341,333 | +€60,706 | +21.6% |
| Goods purchased for resale | 34 | €77,181 | €69,143 | -€8,038 | -10.4% |
| Amounts receivable within one year | 40/41 | €5,344,332 | €5,304,758 | -€39,574 | -0.7% |
| Trade receivables | 40 | €5,317,707 | €4,912,646 | -€405,061 | -7.6% |
| Other amounts receivable | 41 | €26,625 | €392,112 | +€365,487 | +1,373% |
| Cash at bank and in hand | 54/58 | €1,043,498 | €968,822 | -€74,676 | -7.2% |
| Deferred charges and accrued income | 490/1 | €151,891 | €95,968 | -€55,923 | -36.8% |
| Total equity and liabilities | 10/49 | €11,115,374 | €11,103,019 | -€12,354 | -0.1% |
| Equity | 10/15 | €3,964,868 | €3,426,154 | -€538,714 | -13.6% |
| Contributions | 10/11 | €22,033,484 | €24,033,484 | +€2.0m | +9.1% |
| Capital | 10 | €22,033,484 | €24,033,484 | +€2.0m | +9.1% |
| Issued capital | 100 | €22,033,484 | €24,033,484 | +€2.0m | +9.1% |
| Reserves | 13 | €14,801 | €14,801 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,801 | €14,801 | = | 0.0% |
| Legal reserve | 130 | €14,801 | €14,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,083,417 | -€20,622,131 | -€2.5m | -14.0% |
| Amounts payable | 17/49 | €7,150,506 | €7,676,865 | +€526,360 | +7.4% |
| Amounts payable within one year | 42/48 | €7,131,630 | €7,510,915 | +€379,285 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €1,965,000 | €1,965,000 | = | 0.0% |
| Financial debts | 43 | €1,000,000 | €1,300,000 | +€300,000 | +30.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,300,000 | +€300,000 | +30.0% |
| Trade debts | 44 | €2,207,033 | €2,406,043 | +€199,010 | +9.0% |
| Suppliers | 440/4 | €2,207,033 | €2,406,043 | +€199,010 | +9.0% |
| Taxes, remuneration and social security | 45 | €1,959,597 | €1,839,872 | -€119,726 | -6.1% |
| Taxes | 450/3 | €235,315 | €230,089 | -€5,226 | -2.2% |
| Remuneration and social security | 454/9 | €1,724,282 | €1,609,783 | -€114,499 | -6.6% |
| Accrued charges and deferred income | 492/3 | €18,875 | €165,950 | +€147,075 | +779% |
| Operating income | 70/76A | €23,710,592 | €24,678,913 | +€968,321 | +4.1% |
| Turnover | 70 | €23,188,765 | €24,281,104 | +€1.1m | +4.7% |
| Other operating income | 74 | €521,827 | €397,809 | -€124,017 | -23.8% |
| Operating charges | 60/66A | €25,117,672 | €26,822,681 | +€1.7m | +6.8% |
| Goods for resale, raw materials and consumables | 60 | €7,541,292 | €8,750,794 | +€1.2m | +16.0% |
| Purchases | 600/8 | €7,414,368 | €8,803,462 | +€1.4m | +18.7% |
| Change in stocks: decrease (increase) | 609 | €126,924 | -€52,668 | -€179,592 | |
| Services and other goods | 61 | €6,886,442 | €6,781,353 | -€105,088 | -1.5% |
| Remuneration, social security and pensions | 62 | €10,273,454 | €10,775,638 | +€502,184 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376,438 | €347,377 | -€29,061 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €82,771 | €124,747 | +€41,976 | +50.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€56,679 | - | +€56,679 | |
| Other operating charges | 640/8 | €13,955 | €40,647 | +€26,692 | +191% |
| Non-recurring operating charges | 66A | - | €2,124 | +€2,124 | |
| Operating profit (loss) | 9901 | -€1,407,080 | -€2,143,768 | -€736,688 | -52.4% |
| Financial income | 75/76B | €64,532 | €69,332 | +€4,800 | +7.4% |
| Recurring financial income | 75 | €64,532 | €69,332 | +€4,800 | +7.4% |
| Income from current assets | 751 | - | €139 | +€139 | |
| Other financial income | 752/9 | €64,532 | €69,193 | +€4,661 | +7.2% |
| Financial charges | 65/66B | €653,108 | €442,126 | -€210,981 | -32.3% |
| Recurring financial charges | 65 | €426,594 | €442,126 | +€15,532 | +3.6% |
| Debt charges | 650 | - | €266,008 | +€266,008 | |
| Other financial charges | 652/9 | €426,594 | €176,119 | -€250,475 | -58.7% |
| Non-recurring financial charges | 66B | €226,514 | - | -€226,514 | |
| Profit (loss) for the period before taxes | 9903 | -€1,995,656 | -€2,516,562 | -€520,906 | -26.1% |
| Income taxes | 67/77 | €38,265 | €22,152 | -€16,113 | -42.1% |
| Taxes | 670/3 | €38,265 | €22,152 | -€16,113 | -42.1% |
| Profit (loss) for the period | 9904 | -€2,033,921 | -€2,538,714 | -€504,793 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,033,921 | -€2,538,714 | -€504,793 | -24.8% |
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 1 November 2026 via checked.be.