BELGORIENT: 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.
BELGORIENT
Largest movements
- Receivables within one year +€21,966
up €21,966 (+29.0%), from €75,799 to €97,766
of which Trade receivables: +€56,597
- Stocks and contracts -€17,254
down €17,254 (-21.6%), from €79,946 to €62,692
- Cash -€10,657
down €10,657 (-90.4%), from €11,787 to €1,131
mainly Receivables within one year (-€21,966) and Tax, wage and social debts (-€4,045)
- Tax, wage and social debts -€4,045
down €4,045 (-58.0%), from €6,970 to €2,926
- Trade debts -€2,257
down €2,257 (-92.8%), from €2,433 to €176
- Gross operating margin -€838
down €838 (-20.9%), from €4,003 to €3,164
- Taxes -€245
down €245 (-49.4%), from €496 to €251
- Other operating charges +€77
up €77 (+66.6%), from €116 to €194
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,276 | €165,357 | -€5,918 | -3.5% |
| Fixed assets | 21/28 | €3,425 | €3,425 | = | 0.0% |
| Financial fixed assets | 28 | €3,425 | €3,425 | = | 0.0% |
| Current assets | 29/58 | €167,851 | €161,932 | -€5,918 | -3.5% |
| Stocks and contracts in progress | 3 | €79,946 | €62,692 | -€17,254 | -21.6% |
| Stocks | 30/36 | €79,946 | €62,692 | -€17,254 | -21.6% |
| Amounts receivable within one year | 40/41 | €75,799 | €97,766 | +€21,966 | +29.0% |
| Trade receivables | 40 | €22,907 | €79,503 | +€56,597 | +247.1% |
| Other amounts receivable | 41 | €52,893 | €18,262 | -€34,630 | -65.5% |
| Cash at bank and in hand | 54/58 | €11,787 | €1,131 | -€10,657 | -90.4% |
| Deferred charges and accrued income | 490/1 | €318 | €344 | +€26 | +8.2% |
| Total equity and liabilities | 10/49 | €171,276 | €165,357 | -€5,918 | -3.5% |
| Equity | 10/15 | €161,567 | €162,256 | +€689 | +0.4% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €11,477 | €11,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,817 | €6,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,660 | €4,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,314 | €95,003 | +€689 | +0.7% |
| Amounts payable | 17/49 | €9,709 | €3,101 | -€6,607 | -68.1% |
| Amounts payable within one year | 42/48 | €9,403 | €3,101 | -€6,302 | -67.0% |
| Trade debts | 44 | €2,433 | €176 | -€2,257 | -92.8% |
| Suppliers | 440/4 | €2,433 | €176 | -€2,257 | -92.8% |
| Taxes, remuneration and social security | 45 | €6,970 | €2,926 | -€4,045 | -58.0% |
| Taxes | 450/3 | €6,970 | €2,926 | -€4,045 | -58.0% |
| Accrued charges and deferred income | 492/3 | €305 | - | -€305 | |
| Other operating charges | 640/8 | €116 | €194 | +€77 | +66.6% |
| Gross operating margin | 9900 | €4,003 | €3,164 | -€838 | -20.9% |
| Operating profit (loss) | 9901 | €3,886 | €2,971 | -€915 | -23.6% |
| Financial charges | 65/66B | €2,063 | €2,031 | -€32 | -1.6% |
| Recurring financial charges | 65 | €2,063 | €2,031 | -€32 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €1,823 | €940 | -€883 | -48.4% |
| Income taxes | 67/77 | €496 | €251 | -€245 | -49.4% |
| Profit (loss) for the period | 9904 | €1,327 | €689 | -€638 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,327 | €689 | -€638 | -48.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.