BELGOTEAM: 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.
BELGOTEAM
Largest movements
- Deferred charges and accrued income -€20,134
down €20,134 (-98.5%), from €20,445 to €310
- Debts after one year -€186,392
down €186,392 (-12.2%), from €1.5m to €1.3m
- Profit (loss) carried forward +€149,284
up €149,284 (+206%), from €72,624 to €221,908
- Financial income +€159,800
up €159,800 (+266%), from €60,000 to €219,800
- Staff costs -€45,779
no longer reported in 2025 (was €45,779)
- Gross operating margin -€32,063
down €32,063, from €29,760 to -€2,303
- Financial charges +€28,112
up €28,112 (+70.1%), from €40,100 to €68,213
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 | €1,839,325 | €1,803,803 | -€35,521 | -1.9% |
| Fixed assets | 21/28 | €1,800,000 | €1,800,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,800,000 | €1,800,000 | = | 0.0% |
| Current assets | 29/58 | €39,325 | €3,803 | -€35,521 | -90.3% |
| Amounts receivable within one year | 40/41 | €5,961 | €363 | -€5,598 | -93.9% |
| Trade receivables | 40 | €5,360 | - | -€5,360 | |
| Other amounts receivable | 41 | €601 | €363 | -€238 | -39.6% |
| Cash at bank and in hand | 54/58 | €12,919 | €3,130 | -€9,789 | -75.8% |
| Deferred charges and accrued income | 490/1 | €20,445 | €310 | -€20,134 | -98.5% |
| Total equity and liabilities | 10/49 | €1,839,325 | €1,803,803 | -€35,521 | -1.9% |
| Equity | 10/15 | €77,624 | €226,908 | +€149,284 | +192% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,624 | €221,908 | +€149,284 | +206% |
| Amounts payable | 17/49 | €1,761,701 | €1,576,895 | -€184,806 | -10.5% |
| Amounts payable after more than one year | 17 | €1,526,895 | €1,340,503 | -€186,392 | -12.2% |
| Financial debts | 170/4 | €1,526,895 | €1,340,503 | -€186,392 | -12.2% |
| Amounts payable within one year | 42/48 | €233,280 | €236,392 | +€3,112 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €179,340 | €186,392 | +€7,052 | +3.9% |
| Trade debts | 44 | €694 | - | -€694 | |
| Suppliers | 440/4 | €694 | - | -€694 | |
| Taxes, remuneration and social security | 45 | €3,247 | - | -€3,247 | |
| Taxes | 450/3 | €1,845 | - | -€1,845 | |
| Remuneration and social security | 454/9 | €1,402 | - | -€1,402 | |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,525 | - | -€1,525 | |
| Remuneration, social security and pensions | 62 | €45,779 | - | -€45,779 | |
| Other operating charges | 640/8 | €82 | - | -€82 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €29,760 | -€2,303 | -€32,063 | |
| Operating profit (loss) | 9901 | -€16,100 | -€2,303 | +€13,797 | +85.7% |
| Financial income | 75/76B | €60,000 | €219,800 | +€159,800 | +266% |
| Recurring financial income | 75 | €60,000 | €219,800 | +€159,800 | +266% |
| Financial charges | 65/66B | €40,100 | €68,213 | +€28,112 | +70.1% |
| Recurring financial charges | 65 | €40,100 | €68,213 | +€28,112 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €3,799 | €149,284 | +€145,485 | +3,829% |
| Profit (loss) for the period | 9904 | €3,799 | €149,284 | +€145,485 | +3,829% |
| Profit (loss) for the period to be appropriated | 9905 | €3,799 | €149,284 | +€145,485 | +3,829% |
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 20 October 2026 via checked.be.