BELONG: 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.
BELONG
Largest movements
- Receivables within one year -€197,868
down €197,868 (-85.4%), from €231,712 to €33,844
of which Trade receivables: -€185,093
- Deferred charges and accrued income +€79,198
up €79,198 (+315.5%), from €25,105 to €104,303
- Cash +€32,148
up €32,148 (+3.7%), from €858,664 to €890,812
mainly Receivables within one year (+€197,868) and Depreciation (+€58,649)
- Reserves -€111,033
down €111,033 (-11.1%), from €1.0m to €893,391
of which Distributable reserves: -€111,033
- Tax, wage and social debts +€16,710
up €16,710 (+24.0%), from €69,694 to €86,405
of which Taxes: +€13,142
- Gross operating margin +€111,476
up €111,476 (+28.5%), from €391,455 to €502,931
- Provisions +€96,211
new in 2025: €96,211
- Staff costs +€14,305
up €14,305 (+4.5%), from €315,941 to €330,246
- Taxes +€7,071
up €7,071 (+39.1%), from -€18,088 to -€11,017
- Depreciation -€6,721
down €6,721 (-10.3%), from €65,370 to €58,649
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.
Cash bridge derived
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 | €1,302,491 | €1,217,450 | -€85,041 | -6.5% |
| Fixed assets | 21/28 | €187,010 | €188,491 | +€1,481 | +0.8% |
| Tangible fixed assets | 22/27 | €187,010 | €188,491 | +€1,481 | +0.8% |
| Land and buildings | 22 | €83,012 | €70,637 | -€12,374 | -14.9% |
| Plant, machinery and equipment | 23 | €1,917 | €437 | -€1,480 | -77.2% |
| Furniture and vehicles | 24 | €102,081 | €117,417 | +€15,335 | +15.0% |
| Current assets | 29/58 | €1,115,481 | €1,028,959 | -€86,522 | -7.8% |
| Amounts receivable within one year | 40/41 | €231,712 | €33,844 | -€197,868 | -85.4% |
| Trade receivables | 40 | €217,218 | €32,125 | -€185,093 | -85.2% |
| Other amounts receivable | 41 | €14,494 | €1,719 | -€12,775 | -88.1% |
| Cash at bank and in hand | 54/58 | €858,664 | €890,812 | +€32,148 | +3.7% |
| Deferred charges and accrued income | 490/1 | €25,105 | €104,303 | +€79,198 | +315.5% |
| Total equity and liabilities | 10/49 | €1,302,491 | €1,217,450 | -€85,041 | -6.5% |
| Equity | 10/15 | €1,082,242 | €971,209 | -€111,033 | -10.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,004,423 | €893,391 | -€111,033 | -11.1% |
| Non-distributable reserves | 130/1 | €30,800 | €30,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,800 | €30,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €898,623 | €787,591 | -€111,033 | -12.4% |
| Profit (loss) carried forward | 14 | €57,819 | €57,819 | = | 0.0% |
| Amounts payable | 17/49 | €220,249 | €246,241 | +€25,992 | +11.8% |
| Amounts payable within one year | 42/48 | €220,149 | €237,107 | +€16,957 | +7.7% |
| Trade debts | 44 | €19,102 | €11,215 | -€7,887 | -41.3% |
| Suppliers | 440/4 | €19,102 | €11,215 | -€7,887 | -41.3% |
| Taxes, remuneration and social security | 45 | €69,694 | €86,405 | +€16,710 | +24.0% |
| Taxes | 450/3 | €11,690 | €24,831 | +€13,142 | +112.4% |
| Remuneration and social security | 454/9 | €58,005 | €61,573 | +€3,569 | +6.2% |
| Other amounts payable | 47/48 | €131,353 | €139,487 | +€8,134 | +6.2% |
| Accrued charges and deferred income | 492/3 | €99 | €9,134 | +€9,034 | +9092.7% |
| Remuneration, social security and pensions | 62 | €315,941 | €330,246 | +€14,305 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,370 | €58,649 | -€6,721 | -10.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €96,211 | +€96,211 | |
| Other operating charges | 640/8 | €3,354 | €3,312 | -€42 | -1.3% |
| Gross operating margin | 9900 | €391,455 | €502,931 | +€111,476 | +28.5% |
| Operating profit (loss) | 9901 | €6,790 | €14,513 | +€7,723 | +113.7% |
| Financial income | 75/76B | €5,832 | €7,697 | +€1,865 | +32.0% |
| Recurring financial income | 75 | €5,832 | €7,697 | +€1,865 | +32.0% |
| Financial charges | 65/66B | €10,251 | €10,782 | +€531 | +5.2% |
| Recurring financial charges | 65 | €10,251 | €10,782 | +€531 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €2,371 | €11,428 | +€9,057 | +382.0% |
| Income taxes | 67/77 | -€18,088 | -€11,017 | +€7,071 | +39.1% |
| Profit (loss) for the period | 9904 | €20,459 | €22,445 | +€1,986 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,459 | €22,445 | +€1,986 | +9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.