BELLUX BOUW: 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.
BELLUX BOUW
Largest movements
- Cash +€13,423
up €13,423 (+386%), from €3,475 to €16,898
mainly Net result for the year (+€19,326) and Depreciation (+€9,576)
- Tangible fixed assets +€8,962
up €8,962 (+69.7%), from €12,850 to €21,813
of which Plant, machinery and equipment: +€4,552
- Receivables within one year -€6,369
down €6,369 (-59.4%), from €10,725 to €4,355
of which Trade receivables: -€9,190
- Reserves +€29,182
new in 2025: €29,182
- Profit (loss) carried forward -€9,856
no longer reported in 2025 (was €9,856)
- Tax, wage and social debts +€3,381
up €3,381 (+216%), from €1,564 to €4,945
- Short-term financial debts -€3,000
no longer reported in 2025 (was €3,000)
- Other debts -€1,938
down €1,938 (-70.6%), from €2,745 to €807
- Gross operating margin +€25,713
up €25,713 (+264%), from €9,750 to €35,463
- Taxes +€4,152
up €4,152 (+542%), from €766 to €4,918
- Depreciation +€1,506
up €1,506 (+18.7%), from €8,069 to €9,576
- Other operating charges +€615
up €615 (+69.3%), from €887 to €1,502
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 | €27,635 | €43,737 | +€16,102 | +58.3% |
| Fixed assets | 21/28 | €12,850 | €21,813 | +€8,962 | +69.7% |
| Tangible fixed assets | 22/27 | €12,850 | €21,813 | +€8,962 | +69.7% |
| Plant, machinery and equipment | 23 | €3,550 | €8,102 | +€4,552 | +128% |
| Furniture and vehicles | 24 | €9,300 | €13,711 | +€4,410 | +47.4% |
| Current assets | 29/58 | €14,785 | €21,925 | +€7,140 | +48.3% |
| Amounts receivable within one year | 40/41 | €10,725 | €4,355 | -€6,369 | -59.4% |
| Trade receivables | 40 | €9,977 | €787 | -€9,190 | -92.1% |
| Other amounts receivable | 41 | €748 | €3,569 | +€2,821 | +377% |
| Cash at bank and in hand | 54/58 | €3,475 | €16,898 | +€13,423 | +386% |
| Deferred charges and accrued income | 490/1 | €585 | €671 | +€86 | +14.7% |
| Total equity and liabilities | 10/49 | €27,635 | €43,737 | +€16,102 | +58.3% |
| Equity | 10/15 | €11,856 | €31,182 | +€19,326 | +163% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €29,182 | +€29,182 | |
| Distributable reserves | 133 | - | €29,182 | +€29,182 | |
| Profit (loss) carried forward | 14 | €9,856 | - | -€9,856 | |
| Amounts payable | 17/49 | €15,780 | €12,556 | -€3,224 | -20.4% |
| Amounts payable within one year | 42/48 | €15,780 | €12,556 | -€3,224 | -20.4% |
| Financial debts | 43 | €3,000 | - | -€3,000 | |
| Other loans | 439 | €3,000 | - | -€3,000 | |
| Trade debts | 44 | €8,471 | €6,804 | -€1,667 | -19.7% |
| Suppliers | 440/4 | €8,471 | €6,804 | -€1,667 | -19.7% |
| Taxes, remuneration and social security | 45 | €1,564 | €4,945 | +€3,381 | +216% |
| Taxes | 450/3 | €1,564 | €4,945 | +€3,381 | +216% |
| Other amounts payable | 47/48 | €2,745 | €807 | -€1,938 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,069 | €9,576 | +€1,506 | +18.7% |
| Other operating charges | 640/8 | €887 | €1,502 | +€615 | +69.3% |
| Gross operating margin | 9900 | €9,750 | €35,463 | +€25,713 | +264% |
| Operating profit (loss) | 9901 | €793 | €24,386 | +€23,592 | +2,973% |
| Financial income | 75/76B | €14 | €27 | +€13 | +96.5% |
| Recurring financial income | 75 | €14 | €27 | +€13 | +96.5% |
| Financial charges | 65/66B | €195 | €168 | -€26 | -13.6% |
| Recurring financial charges | 65 | €195 | €168 | -€26 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €612 | €24,244 | +€23,632 | +3,859% |
| Income taxes | 67/77 | €766 | €4,918 | +€4,152 | +542% |
| Profit (loss) for the period | 9904 | -€153 | €19,326 | +€19,479 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153 | €19,326 | +€19,479 |
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 28 October 2026 via checked.be.