BELGOMALT: what changed
Two fiscal 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
BELGOMALT
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€57,241
2024 · €159,871-€102,630
Equity
€68,200
2024 · €1.2m-€1.2m
Cash
-
not filed
Balance sheet total
€4.8m
2024 · €5.8m-€968,429
Largest movements
Assets
- Stocks and contracts -€1.3m
no longer reported in 2025 (was €1.3m)
- Receivables within one year +€285,869
up €285,869 (+81.8%), from €349,533 to €635,402
of which Trade receivables: +€358,234
Equity and liabilities
- Other debts +€1.6m
up €1.6m (+61.9%), from €2.7m to €4.3m
- Trade debts -€1.4m
down €1.4m (-80.4%), from €1.7m to €331,917
- Profit (loss) carried forward -€1.2m
no longer reported in 2025 (was €1.2m)
- Tax, wage and social debts -€78,395
down €78,395 (-46.3%), from €169,173 to €90,778
of which Taxes: -€43,026
Income statement
- Turnover -€4.9m
down €4.9m (-47.2%), from €10.4m to €5.5m
- Goods and materials -€3.2m
down €3.2m (-59.9%), from €5.3m to €2.1m
of which Purchases: -€3.3m
- Services and other goods -€1.2m
down €1.2m (-51.9%), from €2.4m to €1.1m
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
€159,871
Turnover
-€4.9m
Other operating income
-€22,256
Goods and materials
+€3.2m
Services and other goods
+€1.2m
Staff costs
+€89,042
Depreciation
+€50,958
Other operating charges
+€81,760
Other operating items
+€96,951
Financial charges
+€86,011
Taxes
+€39,694
Result 2025
€57,241
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 | €5,760,441 | €4,792,012 | -€968,429 | -16.8% |
| Fixed assets | 21/28 | €4,097,833 | €4,156,610 | +€58,777 | +1.4% |
| Tangible fixed assets | 22/27 | €4,096,315 | €4,149,592 | +€53,277 | +1.3% |
| Land and buildings | 22 | €875,783 | €848,174 | -€27,609 | -3.2% |
| Plant, machinery and equipment | 23 | €3,054,051 | €3,279,666 | +€225,615 | +7.4% |
| Furniture and vehicles | 24 | €43,042 | €21,752 | -€21,290 | -49.5% |
| Assets under construction and advance payments | 27 | €123,439 | - | -€123,439 | |
| Financial fixed assets | 28 | €1,518 | €7,018 | +€5,500 | +362.3% |
| Affiliated companies | 280/1 | €268 | €268 | = | 0.0% |
| Participating interests | 280 | €268 | €268 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,250 | €6,750 | +€5,500 | +440.0% |
| Shares | 284 | - | €5,500 | +€5,500 | |
| Amounts receivable and cash guarantees | 285/8 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €1,662,608 | €635,402 | -€1.0m | -61.8% |
| Stocks and contracts in progress | 3 | €1,306,772 | - | -€1.3m | |
| Stocks | 30/36 | €1,306,772 | - | -€1.3m | |
| Raw materials and consumables | 30/31 | €231,278 | - | -€231,278 | |
| Work in progress | 32 | €78,155 | - | -€78,155 | |
| Finished goods | 33 | €997,339 | - | -€997,339 | |
| Amounts receivable within one year | 40/41 | €349,533 | €635,402 | +€285,869 | +81.8% |
| Trade receivables | 40 | €266,593 | €624,827 | +€358,234 | +134.4% |
| Other amounts receivable | 41 | €82,940 | €10,575 | -€72,365 | -87.2% |
| Deferred charges and accrued income | 490/1 | €6,303 | - | -€6,303 | |
| Total equity and liabilities | 10/49 | €5,760,441 | €4,792,012 | -€968,429 | -16.8% |
| Equity | 10/15 | €1,239,709 | €68,200 | -€1.2m | -94.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,171,509 | - | -€1.2m | |
| Amounts payable | 17/49 | €4,520,732 | €4,723,812 | +€203,080 | +4.5% |
| Amounts payable within one year | 42/48 | €4,520,732 | €4,723,812 | +€203,080 | +4.5% |
| Trade debts | 44 | €1,694,718 | €331,917 | -€1.4m | -80.4% |
| Suppliers | 440/4 | €1,694,718 | €331,917 | -€1.4m | -80.4% |
| Taxes, remuneration and social security | 45 | €169,173 | €90,778 | -€78,395 | -46.3% |
| Taxes | 450/3 | €78,510 | €35,484 | -€43,026 | -54.8% |
| Remuneration and social security | 454/9 | €90,663 | €55,294 | -€35,369 | -39.0% |
| Other amounts payable | 47/48 | €2,656,841 | €4,301,117 | +€1.6m | +61.9% |
| Operating income | 70/76A | €9,344,193 | €4,504,010 | -€4.8m | -51.8% |
| Turnover | 70 | €10,414,996 | €5,500,118 | -€4.9m | -47.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,172,445 | -€1,075,494 | +€96,951 | +8.3% |
| Other operating income | 74 | €101,642 | €79,386 | -€22,256 | -21.9% |
| Operating charges | 60/66A | €8,855,007 | €4,243,159 | -€4.6m | -52.1% |
| Goods for resale, raw materials and consumables | 60 | €5,264,694 | €2,112,839 | -€3.2m | -59.9% |
| Purchases | 600/8 | €5,137,294 | €1,881,561 | -€3.3m | -63.4% |
| Change in stocks: decrease (increase) | 609 | €127,400 | €231,278 | +€103,878 | +81.5% |
| Services and other goods | 61 | €2,386,819 | €1,148,586 | -€1.2m | -51.9% |
| Remuneration, social security and pensions | 62 | €654,336 | €565,294 | -€89,042 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429,730 | €378,772 | -€50,958 | -11.9% |
| Other operating charges | 640/8 | €119,428 | €37,668 | -€81,760 | -68.5% |
| Operating profit (loss) | 9901 | €489,186 | €260,851 | -€228,335 | -46.7% |
| Financial charges | 65/66B | €253,579 | €167,568 | -€86,011 | -33.9% |
| Recurring financial charges | 65 | €252,856 | €133,653 | -€119,203 | -47.1% |
| Debt charges | 650 | €206,691 | €132,560 | -€74,131 | -35.9% |
| Other financial charges | 652/9 | €46,165 | €1,093 | -€45,072 | -97.6% |
| Non-recurring financial charges | 66B | €723 | €33,915 | +€33,192 | +4590.9% |
| Profit (loss) for the period before taxes | 9903 | €235,607 | €93,283 | -€142,324 | -60.4% |
| Income taxes | 67/77 | €75,736 | €36,042 | -€39,694 | -52.4% |
| Taxes | 670/3 | €76,992 | €36,042 | -€40,950 | -53.2% |
| Tax adjustments and reversals of tax provisions | 77 | €1,256 | - | -€1,256 | |
| Profit (loss) for the period | 9904 | €159,871 | €57,241 | -€102,630 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €159,871 | €57,241 | -€102,630 | -64.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.