Belgomazout: 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
Belgomazout
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€823,369
2024 · €737,259+€86,109
Equity
€2.1m
2024 · €1.8m+€223,369
Cash
€1.4m
2024 · €1.3m+€91,138
Balance sheet total
€5.2m
2024 · €4.5m+€677,533
Largest movements
Assets
- Receivables within one year +€751,291
up €751,291 (+44.5%), from €1.7m to €2.4m
of which Trade receivables: +€753,653
- Current investments -€100,000
down €100,000 (-16.7%), from €600,000 to €500,000
- Cash +€91,138
up €91,138 (+6.9%), from €1.3m to €1.4m
mainly Net result for the year (+€823,369) and Trade debts (+€426,242)
- Tangible fixed assets -€52,492
down €52,492 (-24.0%), from €219,134 to €166,642
of which Furniture and vehicles: -€52,492
Equity and liabilities
- Trade debts +€426,242
up €426,242 (+22.0%), from €1.9m to €2.4m
- Profit (loss) carried forward +€223,369
up €223,369 (+92.5%), from €241,553 to €464,922
- Provisions +€125,000
new in 2025: €125,000
- Other debts -€100,000
down €100,000 (-14.2%), from €703,225 to €603,225
Income statement
- Turnover -€9.0m
down €9.0m (-16.8%), from €53.5m to €44.5m
- Goods and materials -€8.9m
down €8.9m (-16.8%), from €52.7m to €43.8m
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
€737,259
Turnover
-€9.0m
Other operating income
-€3,046
Goods and materials
+€8.9m
Services and other goods
+€26,161
Staff costs
-€25,664
Depreciation
+€7,123
Provisions
-€125,000
Other operating charges
-€1,502
Other operating items
-€15,900
Financial income
+€279,926
Financial charges
+€592
Taxes
+€67,045
Result 2025
€823,369
Cash bridge derived
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
+€594,946
Investment
+€96,191
Financing
-€600,000
Cash 2024
€1.3m
From operations (derived)
+€594,946
Net result for the year
+€823,369
Depreciation
+€56,341
Receivables within one year
-€751,291
Deferred charges and accrued income
+€12,363
Provisions
+€125,000
Trade debts
+€426,242
Tax, wage and social debts
+€9,933
Other debts
-€100,000
Accrued charges and deferred income
-€7,011
Investment (derived)
+€96,191
Investment in fixed assets (net)
-€3,809
Current investments
+€100,000
Financing
-€600,000
Contributions, distributions and other
-€600,000
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,499,792 | €5,177,325 | +€677,533 | +15.1% |
| Fixed assets | 21/28 | €875,270 | €822,737 | -€52,532 | -6.0% |
| Tangible fixed assets | 22/27 | €219,134 | €166,642 | -€52,492 | -24.0% |
| Land and buildings | 22 | €14,871 | €14,871 | = | 0.0% |
| Furniture and vehicles | 24 | €204,263 | €151,771 | -€52,492 | -25.7% |
| Financial fixed assets | 28 | €656,136 | €656,096 | -€40 | 0.0% |
| Affiliated companies | 280/1 | €125,000 | €125,000 | = | 0.0% |
| Participating interests | 280 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable | 281 | €0 | - | = | |
| Companies linked by participating interests | 282/3 | €472,632 | €472,632 | = | 0.0% |
| Participating interests | 282 | €472,632 | €472,632 | = | 0.0% |
| Other financial fixed assets | 284/8 | €58,503 | €58,463 | -€40 | -0.1% |
| Shares | 284 | €56,718 | €56,718 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,785 | €1,745 | -€40 | -2.2% |
| Current assets | 29/58 | €3,624,522 | €4,354,587 | +€730,065 | +20.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,688,573 | €2,439,864 | +€751,291 | +44.5% |
| Trade receivables | 40 | €1,646,012 | €2,399,665 | +€753,653 | +45.8% |
| Other amounts receivable | 41 | €42,561 | €40,199 | -€2,362 | -5.5% |
| Current investments | 50/53 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Other investments | 51/53 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €1,313,479 | €1,404,616 | +€91,138 | +6.9% |
| Deferred charges and accrued income | 490/1 | €22,470 | €10,107 | -€12,363 | -55.0% |
| Total equity and liabilities | 10/49 | €4,499,792 | €5,177,325 | +€677,533 | +15.1% |
| Equity | 10/15 | €1,830,954 | €2,054,323 | +€223,369 | +12.2% |
| Contributions | 10/11 | €1,239,468 | €1,239,468 | = | 0.0% |
| Capital | 10 | €1,239,468 | €1,239,468 | = | 0.0% |
| Issued capital | 100 | €1,239,468 | €1,239,468 | = | 0.0% |
| Reserves | 13 | €349,934 | €349,934 | = | 0.0% |
| Non-distributable reserves | 130/1 | €123,947 | €123,947 | = | 0.0% |
| Legal reserve | 130 | €123,947 | €123,947 | = | 0.0% |
| Tax-exempt reserves | 132 | €225,987 | €225,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,553 | €464,922 | +€223,369 | +92.5% |
| Provisions and deferred taxes | 16 | - | €125,000 | +€125,000 | |
| Provisions for liabilities and charges | 160/5 | - | €125,000 | +€125,000 | |
| Environmental obligations | 163 | - | €125,000 | +€125,000 | |
| Amounts payable | 17/49 | €2,668,837 | €2,998,001 | +€329,164 | +12.3% |
| Amounts payable within one year | 42/48 | €2,661,347 | €2,997,522 | +€336,175 | +12.6% |
| Trade debts | 44 | €1,938,155 | €2,364,397 | +€426,242 | +22.0% |
| Suppliers | 440/4 | €1,938,155 | €2,364,397 | +€426,242 | +22.0% |
| Taxes, remuneration and social security | 45 | €19,967 | €29,901 | +€9,933 | +49.7% |
| Taxes | 450/3 | €3,894 | €15,374 | +€11,480 | +294.8% |
| Remuneration and social security | 454/9 | €16,073 | €14,526 | -€1,547 | -9.6% |
| Other amounts payable | 47/48 | €703,225 | €603,225 | -€100,000 | -14.2% |
| Accrued charges and deferred income | 492/3 | €7,490 | €479 | -€7,011 | -93.6% |
| Operating income | 70/76A | €53,560,016 | €44,555,120 | -€9.0m | -16.8% |
| Turnover | 70 | €53,528,041 | €44,542,091 | -€9.0m | -16.8% |
| Other operating income | 74 | €16,075 | €13,029 | -€3,046 | -18.9% |
| Non-recurring operating income | 76A | €15,900 | €0 | -€15,900 | -100.0% |
| Operating charges | 60/66A | €53,168,645 | €44,425,202 | -€8.7m | -16.4% |
| Goods for resale, raw materials and consumables | 60 | €52,674,090 | €43,811,764 | -€8.9m | -16.8% |
| Purchases | 600/8 | €52,674,090 | €43,811,764 | -€8.9m | -16.8% |
| Services and other goods | 61 | €234,419 | €208,258 | -€26,161 | -11.2% |
| Remuneration, social security and pensions | 62 | €171,705 | €197,369 | +€25,664 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,464 | €56,341 | -€7,123 | -11.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €125,000 | +€125,000 | |
| Other operating charges | 640/8 | €24,968 | €26,470 | +€1,502 | +6.0% |
| Operating profit (loss) | 9901 | €391,371 | €129,918 | -€261,453 | -66.8% |
| Financial income | 75/76B | €449,407 | €729,332 | +€279,926 | +62.3% |
| Recurring financial income | 75 | €449,407 | €729,332 | +€279,926 | +62.3% |
| Income from financial fixed assets | 750 | €445,215 | €715,365 | +€270,150 | +60.7% |
| Income from current assets | 751 | €4,192 | €13,948 | +€9,757 | +232.8% |
| Other financial income | 752/9 | €0 | €19 | +€19 | +13642.9% |
| Financial charges | 65/66B | €1,668 | €1,077 | -€592 | -35.5% |
| Recurring financial charges | 65 | €1,668 | €1,077 | -€592 | -35.5% |
| Debt charges | 650 | €54 | €0 | -€54 | -100.0% |
| Other financial charges | 652/9 | €1,614 | €1,077 | -€538 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €839,109 | €858,174 | +€19,065 | +2.3% |
| Income taxes | 67/77 | €101,850 | €34,805 | -€67,045 | -65.8% |
| Taxes | 670/3 | €101,850 | €36,813 | -€65,037 | -63.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €2,008 | +€2,008 | +956181.0% |
| Profit (loss) for the period | 9904 | €737,259 | €823,369 | +€86,109 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €737,259 | €823,369 | +€86,109 | +11.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.