BELGROUPE: 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.
BELGROUPE
Largest movements
- Cash +€7,399
up €7,399 (+60.1%), from €12,309 to €19,709
mainly Other debts (+€10,873) and Receivables within one year (+€7,126)
- Receivables within one year -€7,126
down €7,126 (-21.1%), from €33,758 to €26,632
of which Other amounts receivable: -€8,123
- Profit (loss) carried forward -€11,433
down €11,433 (-34.2%), from €33,392 to €21,959
- Other debts +€10,873
new in 2025: €10,873
- Trade debts +€606
up €606 (+214%), from €283 to €889
- Turnover -€90,854
down €90,854 (-79.6%), from €114,070 to €23,216
- Gross operating margin -€62,688
down €62,688 (-96.1%), from €65,263 to €2,575
- Purchases and services -€28,165
down €28,165 (-57.7%), from €48,806 to €20,641
- Taxes +€12,308
up €12,308 (+910%), from €1,352 to €13,660
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 | €52,225 | €52,271 | +€46 | +0.1% |
| Fixed assets | 21/28 | €5,930 | €5,930 | = | 0.0% |
| Financial fixed assets | 28 | €5,930 | €5,930 | = | 0.0% |
| Current assets | 29/58 | €46,295 | €46,341 | +€46 | +0.1% |
| Amounts receivable within one year | 40/41 | €33,758 | €26,632 | -€7,126 | -21.1% |
| Trade receivables | 40 | €25,298 | €26,295 | +€997 | +3.9% |
| Other amounts receivable | 41 | €8,460 | €337 | -€8,123 | -96.0% |
| Cash at bank and in hand | 54/58 | €12,309 | €19,709 | +€7,399 | +60.1% |
| Deferred charges and accrued income | 490/1 | €227 | - | -€227 | |
| Total equity and liabilities | 10/49 | €52,225 | €52,271 | +€46 | +0.1% |
| Equity | 10/15 | €51,942 | €40,509 | -€11,433 | -22.0% |
| Contributions | 10/11 | €18,450 | €18,450 | = | 0.0% |
| Contributions outside capital | 11 | €18,450 | €18,450 | = | 0.0% |
| Other | 1109/19 | €18,450 | €18,450 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,392 | €21,959 | -€11,433 | -34.2% |
| Amounts payable | 17/49 | €283 | €11,762 | +€11,479 | +4,056% |
| Amounts payable within one year | 42/48 | €283 | €11,762 | +€11,479 | +4,056% |
| Trade debts | 44 | €283 | €889 | +€606 | +214% |
| Suppliers | 440/4 | €283 | €889 | +€606 | +214% |
| Other amounts payable | 47/48 | - | €10,873 | +€10,873 | |
| Turnover | 70 | €114,070 | €23,216 | -€90,854 | -79.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,806 | €20,641 | -€28,165 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700 | - | -€700 | |
| Other operating charges | 640/8 | - | €73 | +€73 | |
| Gross operating margin | 9900 | €65,263 | €2,575 | -€62,688 | -96.1% |
| Operating profit (loss) | 9901 | €64,563 | €2,502 | -€62,061 | -96.1% |
| Financial charges | 65/66B | €219 | €275 | +€56 | +25.4% |
| Recurring financial charges | 65 | €219 | €275 | +€56 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €64,344 | €2,228 | -€62,116 | -96.5% |
| Income taxes | 67/77 | €1,352 | €13,660 | +€12,308 | +910% |
| Profit (loss) for the period | 9904 | €62,992 | -€11,433 | -€74,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,992 | -€11,433 | -€74,424 |
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 26 October 2026 via checked.be.