BELGOURMET: 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.
BELGOURMET
Largest movements
- Receivables within one year +€34,530
up €34,530 (+60.3%), from €57,258 to €91,788
of which Trade receivables: +€44,686
- Stocks and contracts +€11,652
new in 2025: €11,652
- Tangible fixed assets +€4,600
new in 2025: €4,600
- Cash -€3,041
down €3,041 (-40.4%), from €7,528 to €4,487
mainly Receivables within one year (-€34,530) and Tax, wage and social debts (-€19,724)
- Other debts +€30,847
up €30,847 (+7,315%), from €422 to €31,269
- Trade debts +€26,227
up €26,227 (+404%), from €6,487 to €32,714
- Tax, wage and social debts -€19,724
down €19,724 (-79.8%), from €24,722 to €4,998
of which Taxes: -€20,194
- Profit (loss) carried forward +€10,390
up €10,390 (+23.0%), from €45,155 to €55,545
- Purchases and services +€100,740
up €100,740 (+54.0%), from €186,670 to €287,411
- Gross operating margin +€17,728
up €17,728 (+70.5%), from €25,153 to €42,881
- Other operating charges +€9,015
new in 2025: €9,015
- Depreciation +€8,800
new in 2025: €8,800
- Staff costs +€6,645
up €6,645 (+176%), from €3,781 to €10,427
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 | €91,786 | €139,526 | +€47,740 | +52.0% |
| Fixed assets | 21/28 | €27,000 | €31,600 | +€4,600 | +17.0% |
| Tangible fixed assets | 22/27 | - | €4,600 | +€4,600 | |
| Plant, machinery and equipment | 23 | - | €4,600 | +€4,600 | |
| Financial fixed assets | 28 | €27,000 | €27,000 | = | 0.0% |
| Current assets | 29/58 | €64,786 | €107,927 | +€43,141 | +66.6% |
| Stocks and contracts in progress | 3 | - | €11,652 | +€11,652 | |
| Stocks | 30/36 | - | €11,652 | +€11,652 | |
| Amounts receivable within one year | 40/41 | €57,258 | €91,788 | +€34,530 | +60.3% |
| Trade receivables | 40 | €45,368 | €90,054 | +€44,686 | +98.5% |
| Other amounts receivable | 41 | €11,889 | €1,734 | -€10,156 | -85.4% |
| Cash at bank and in hand | 54/58 | €7,528 | €4,487 | -€3,041 | -40.4% |
| Total equity and liabilities | 10/49 | €91,786 | €139,526 | +€47,740 | +52.0% |
| Equity | 10/15 | €60,155 | €70,545 | +€10,390 | +17.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,155 | €55,545 | +€10,390 | +23.0% |
| Amounts payable | 17/49 | €31,631 | €68,981 | +€37,350 | +118% |
| Amounts payable within one year | 42/48 | €31,631 | €68,981 | +€37,350 | +118% |
| Trade debts | 44 | €6,487 | €32,714 | +€26,227 | +404% |
| Suppliers | 440/4 | €6,487 | €32,714 | +€26,227 | +404% |
| Taxes, remuneration and social security | 45 | €24,722 | €4,998 | -€19,724 | -79.8% |
| Taxes | 450/3 | €24,451 | €4,257 | -€20,194 | -82.6% |
| Remuneration and social security | 454/9 | €271 | €741 | +€470 | +174% |
| Other amounts payable | 47/48 | €422 | €31,269 | +€30,847 | +7,315% |
| Goods, raw materials, services and sundry goods | 60/61 | €186,670 | €287,411 | +€100,740 | +54.0% |
| Remuneration, social security and pensions | 62 | €3,781 | €10,427 | +€6,645 | +176% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,800 | +€8,800 | |
| Other operating charges | 640/8 | - | €9,015 | +€9,015 | |
| Gross operating margin | 9900 | €25,153 | €42,881 | +€17,728 | +70.5% |
| Operating profit (loss) | 9901 | €21,372 | €14,639 | -€6,733 | -31.5% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €110 | €186 | +€76 | +68.9% |
| Recurring financial charges | 65 | €110 | €186 | +€76 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €21,262 | €14,461 | -€6,800 | -32.0% |
| Income taxes | 67/77 | €6,200 | €4,071 | -€2,129 | -34.3% |
| Profit (loss) for the period | 9904 | €15,062 | €10,390 | -€4,671 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,062 | €10,390 | -€4,671 | -31.0% |
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 22 October 2026 via checked.be.