BELIZZ BELGIUM: 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.
BELIZZ BELGIUM
Largest movements
- Receivables within one year +€29,401
up €29,401 (+202%), from €14,580 to €43,981
of which Trade receivables: +€26,904
- Trade debts +€17,573
up €17,573 (+68.5%), from €25,669 to €43,242
- Profit (loss) carried forward +€6,335
up €6,335 (+16.8%), from -€37,662 to -€31,327
- Tax, wage and social debts +€5,572
up €5,572 (+36.3%), from €15,347 to €20,919
of which Taxes: +€7,817
- Turnover -€99,021
no longer reported in 2025 (was €99,021)
- Purchases and services -€82,410
no longer reported in 2025 (was €82,410)
- Staff costs -€52,273
no longer reported in 2025 (was €52,273)
- Gross operating margin -€28,180
down €28,180, from €16,611 to -€11,569
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,354 | €47,834 | +€29,480 | +161% |
| Current assets | 29/58 | €18,354 | €47,834 | +€29,480 | +161% |
| Amounts receivable within one year | 40/41 | €14,580 | €43,981 | +€29,401 | +202% |
| Trade receivables | 40 | - | €26,904 | +€26,904 | |
| Other amounts receivable | 41 | €14,580 | €17,077 | +€2,498 | +17.1% |
| Cash at bank and in hand | 54/58 | €3,775 | €3,853 | +€78 | +2.1% |
| Total equity and liabilities | 10/49 | €18,354 | €47,834 | +€29,480 | +161% |
| Equity | 10/15 | -€22,662 | -€16,327 | +€6,335 | +28.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,662 | -€31,327 | +€6,335 | +16.8% |
| Amounts payable | 17/49 | €41,016 | €64,161 | +€23,145 | +56.4% |
| Amounts payable within one year | 42/48 | €41,016 | €64,161 | +€23,145 | +56.4% |
| Trade debts | 44 | €25,669 | €43,242 | +€17,573 | +68.5% |
| Suppliers | 440/4 | €25,669 | €43,242 | +€17,573 | +68.5% |
| Taxes, remuneration and social security | 45 | €15,347 | €20,919 | +€5,572 | +36.3% |
| Taxes | 450/3 | - | €7,817 | +€7,817 | |
| Remuneration and social security | 454/9 | €15,347 | €13,102 | -€2,245 | -14.6% |
| Turnover | 70 | €99,021 | - | -€99,021 | |
| Goods, raw materials, services and sundry goods | 60/61 | €82,410 | - | -€82,410 | |
| Remuneration, social security and pensions | 62 | €52,273 | - | -€52,273 | |
| Other operating charges | 640/8 | €2,000 | €1,574 | -€426 | -21.3% |
| Gross operating margin | 9900 | €16,611 | -€11,569 | -€28,180 | |
| Operating profit (loss) | 9901 | -€37,662 | -€13,143 | +€24,519 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,662 | -€13,143 | +€24,519 | +65.1% |
| Profit (loss) for the period | 9904 | -€37,662 | -€13,143 | +€24,519 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,662 | -€13,143 | +€24,519 | +65.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.