BELGOTECH: 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.
BELGOTECH
Largest movements
- Receivables within one year -€13,545
down €13,545 (-94.2%), from €14,385 to €839
of which Other amounts receivable: -€13,545
- Cash +€722
up €722 (+14.0%), from €5,152 to €5,874
mainly Other debts (+€13,582) and Receivables within one year (+€13,545)
- Tangible fixed assets -€390
down €390 (-100.0%), from €390 to €0
- Profit (loss) carried forward -€38,586
down €38,586 (-69.1%), from -€55,874 to -€94,460
- Other debts +€13,582
up €13,582 (+34.0%), from €39,980 to €53,562
- Tax, wage and social debts +€12,062
up €12,062 (+83.9%), from €14,380 to €26,442
of which Remuneration and social security: +€12,062
- Trade debts -€271
down €271 (-29.2%), from €931 to €659
- Gross operating margin +€17,232
up €17,232 (+31.6%), from -€54,586 to -€37,355
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,657 | €7,443 | -€13,213 | -64.0% |
| Fixed assets | 21/28 | €1,120 | €730 | -€390 | -34.8% |
| Tangible fixed assets | 22/27 | €390 | €0 | -€390 | -100.0% |
| Furniture and vehicles | 24 | €390 | €0 | -€390 | -100.0% |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €19,537 | €6,713 | -€12,823 | -65.6% |
| Amounts receivable within one year | 40/41 | €14,385 | €839 | -€13,545 | -94.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €14,385 | €839 | -€13,545 | -94.2% |
| Cash at bank and in hand | 54/58 | €5,152 | €5,874 | +€722 | +14.0% |
| Total equity and liabilities | 10/49 | €20,657 | €7,443 | -€13,213 | -64.0% |
| Equity | 10/15 | -€37,274 | -€75,860 | -€38,586 | -103.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,874 | -€94,460 | -€38,586 | -69.1% |
| Amounts payable | 17/49 | €57,931 | €83,304 | +€25,373 | +43.8% |
| Amounts payable within one year | 42/48 | €55,291 | €80,664 | +€25,373 | +45.9% |
| Trade debts | 44 | €931 | €659 | -€271 | -29.2% |
| Suppliers | 440/4 | €931 | €659 | -€271 | -29.2% |
| Taxes, remuneration and social security | 45 | €14,380 | €26,442 | +€12,062 | +83.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €14,380 | €26,442 | +€12,062 | +83.9% |
| Other amounts payable | 47/48 | €39,980 | €53,562 | +€13,582 | +34.0% |
| Accrued charges and deferred income | 492/3 | €2,640 | €2,640 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391 | €390 | -€1 | -0.2% |
| Other operating charges | 640/8 | €450 | €654 | +€204 | +45.2% |
| Gross operating margin | 9900 | -€54,586 | -€37,355 | +€17,232 | +31.6% |
| Operating profit (loss) | 9901 | -€55,428 | -€38,399 | +€17,029 | +30.7% |
| Financial charges | 65/66B | €446 | €187 | -€259 | -58.0% |
| Recurring financial charges | 65 | €446 | €187 | -€259 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,874 | -€38,586 | +€17,288 | +30.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€55,874 | -€38,586 | +€17,288 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,874 | -€38,586 | +€17,288 | +30.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.