Belgodent: 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.
Belgodent
Largest movements
- Cash +€12,487
up €12,487 (+21.5%), from €58,071 to €70,558
mainly Depreciation (+€35,662) and Tax, wage and social debts (+€16,985)
- Tangible fixed assets -€10,651
down €10,651 (-8.1%), from €131,507 to €120,857
of which Plant, machinery and equipment: -€18,968
- Deferred charges and accrued income -€3,258
no longer reported in 2025 (was €3,258)
- Debts after one year -€21,696
down €21,696 (-20.5%), from €106,080 to €84,384
- Tax, wage and social debts +€16,985
up €16,985 (+83.6%), from €20,328 to €37,313
of which Remuneration and social security: +€19,175
- Trade debts +€11,817
up €11,817 (+8,295%), from €142 to €11,959
- Profit (loss) carried forward -€4,872
down €4,872 (-14.2%), from €34,242 to €29,369
- Other debts -€3,094
down €3,094 (-35.6%), from €8,695 to €5,601
- Staff costs +€42,131
up €42,131 (+101%), from €41,511 to €83,641
- Gross operating margin +€33,292
up €33,292 (+36.5%), from €91,314 to €124,606
- Taxes +€4,503
up €4,503, from -€1,920 to €2,583
- Other operating charges +€3,384
up €3,384 (+189%), from €1,788 to €5,173
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 | €192,837 | €192,322 | -€514 | -0.3% |
| Fixed assets | 21/28 | €131,507 | €120,857 | -€10,651 | -8.1% |
| Tangible fixed assets | 22/27 | €131,507 | €120,857 | -€10,651 | -8.1% |
| Land and buildings | 22 | - | €19,583 | +€19,583 | |
| Plant, machinery and equipment | 23 | €43,623 | €24,655 | -€18,968 | -43.5% |
| Furniture and vehicles | 24 | €1,339 | €1,671 | +€332 | +24.8% |
| Other tangible fixed assets | 26 | €86,545 | €74,948 | -€11,597 | -13.4% |
| Current assets | 29/58 | €61,329 | €71,466 | +€10,136 | +16.5% |
| Amounts receivable within one year | 40/41 | - | €908 | +€908 | |
| Trade receivables | 40 | - | €908 | +€908 | |
| Cash at bank and in hand | 54/58 | €58,071 | €70,558 | +€12,487 | +21.5% |
| Deferred charges and accrued income | 490/1 | €3,258 | - | -€3,258 | |
| Total equity and liabilities | 10/49 | €192,837 | €192,322 | -€514 | -0.3% |
| Equity | 10/15 | €36,242 | €31,369 | -€4,872 | -13.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,242 | €29,369 | -€4,872 | -14.2% |
| Amounts payable | 17/49 | €156,595 | €160,953 | +€4,358 | +2.8% |
| Amounts payable after more than one year | 17 | €106,080 | €84,384 | -€21,696 | -20.5% |
| Financial debts | 170/4 | €106,080 | €84,384 | -€21,696 | -20.5% |
| Amounts payable within one year | 42/48 | €50,515 | €76,569 | +€26,054 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €21,350 | €21,696 | +€347 | +1.6% |
| Trade debts | 44 | €142 | €11,959 | +€11,817 | +8,295% |
| Suppliers | 440/4 | €142 | €11,959 | +€11,817 | +8,295% |
| Taxes, remuneration and social security | 45 | €20,328 | €37,313 | +€16,985 | +83.6% |
| Taxes | 450/3 | €5,469 | €3,279 | -€2,190 | -40.0% |
| Remuneration and social security | 454/9 | €14,858 | €34,033 | +€19,175 | +129% |
| Other amounts payable | 47/48 | €8,695 | €5,601 | -€3,094 | -35.6% |
| Remuneration, social security and pensions | 62 | €41,511 | €83,641 | +€42,131 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,710 | €35,662 | +€952 | +2.7% |
| Other operating charges | 640/8 | €1,788 | €5,173 | +€3,384 | +189% |
| Gross operating margin | 9900 | €91,314 | €124,606 | +€33,292 | +36.5% |
| Operating profit (loss) | 9901 | €13,305 | €130 | -€13,175 | -99.0% |
| Financial income | 75/76B | €0 | €8 | +€8 | +1,953% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +1,953% |
| Financial charges | 65/66B | €2,585 | €2,427 | -€157 | -6.1% |
| Recurring financial charges | 65 | €2,585 | €2,427 | -€157 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €10,720 | -€2,290 | -€13,010 | |
| Income taxes | 67/77 | -€1,920 | €2,583 | +€4,503 | |
| Profit (loss) for the period | 9904 | €12,640 | -€4,872 | -€17,513 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,640 | -€4,872 | -€17,513 |
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 16 October 2026 via checked.be.