BELPLAFON: 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.
BELPLAFON
Largest movements
- Receivables within one year +€53,751
up €53,751 (+124%), from €43,316 to €97,067
of which Trade receivables: +€55,490
- Tangible fixed assets -€21,880
down €21,880 (-61.3%), from €35,720 to €13,840
of which Furniture and vehicles: -€19,863
- Cash -€17,298
down €17,298 (-63.5%), from €27,233 to €9,936
mainly Receivables within one year (-€53,751) and Tax, wage and social debts (-€3,916)
- Profit (loss) carried forward +€19,452
up €19,452 (+23.1%), from €84,316 to €103,768
- Tax, wage and social debts -€3,916
down €3,916 (-21.9%), from €17,888 to €13,972
of which Remuneration and social security: -€3,700
- Gross operating margin -€19,391
down €19,391 (-23.7%), from €81,942 to €62,551
- Other operating charges -€12,883
down €12,883 (-94.6%), from €13,620 to €737
- Depreciation -€3,186
down €3,186 (-12.7%), from €25,065 to €21,880
- Financial charges -€1,868
down €1,868 (-11.1%), from €16,878 to €15,011
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 | €111,077 | €126,226 | +€15,149 | +13.6% |
| Fixed assets | 21/28 | €35,720 | €13,840 | -€21,880 | -61.3% |
| Tangible fixed assets | 22/27 | €35,720 | €13,840 | -€21,880 | -61.3% |
| Plant, machinery and equipment | 23 | €3,837 | €1,821 | -€2,017 | -52.6% |
| Furniture and vehicles | 24 | €31,883 | €12,020 | -€19,863 | -62.3% |
| Current assets | 29/58 | €75,357 | €112,386 | +€37,029 | +49.1% |
| Amounts receivable within one year | 40/41 | €43,316 | €97,067 | +€53,751 | +124% |
| Trade receivables | 40 | €40,275 | €95,765 | +€55,490 | +138% |
| Other amounts receivable | 41 | €3,041 | €1,302 | -€1,739 | -57.2% |
| Cash at bank and in hand | 54/58 | €27,233 | €9,936 | -€17,298 | -63.5% |
| Deferred charges and accrued income | 490/1 | €4,807 | €5,383 | +€575 | +12.0% |
| Total equity and liabilities | 10/49 | €111,077 | €126,226 | +€15,149 | +13.6% |
| Equity | 10/15 | €86,516 | €105,968 | +€19,452 | +22.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,316 | €103,768 | +€19,452 | +23.1% |
| Amounts payable | 17/49 | €24,561 | €20,258 | -€4,303 | -17.5% |
| Amounts payable within one year | 42/48 | €24,561 | €20,258 | -€4,303 | -17.5% |
| Trade debts | 44 | €539 | - | -€539 | |
| Suppliers | 440/4 | €539 | - | -€539 | |
| Taxes, remuneration and social security | 45 | €17,888 | €13,972 | -€3,916 | -21.9% |
| Taxes | 450/3 | €5,688 | €5,472 | -€216 | -3.8% |
| Remuneration and social security | 454/9 | €12,200 | €8,500 | -€3,700 | -30.3% |
| Other amounts payable | 47/48 | €6,134 | €6,286 | +€152 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,065 | €21,880 | -€3,186 | -12.7% |
| Other operating charges | 640/8 | €13,620 | €737 | -€12,883 | -94.6% |
| Gross operating margin | 9900 | €81,942 | €62,551 | -€19,391 | -23.7% |
| Operating profit (loss) | 9901 | €43,257 | €39,934 | -€3,323 | -7.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -11.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -11.1% |
| Financial charges | 65/66B | €16,878 | €15,011 | -€1,868 | -11.1% |
| Recurring financial charges | 65 | €16,878 | €15,011 | -€1,868 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €26,379 | €24,924 | -€1,455 | -5.5% |
| Income taxes | 67/77 | €5,688 | €5,472 | -€216 | -3.8% |
| Profit (loss) for the period | 9904 | €20,691 | €19,452 | -€1,239 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,691 | €19,452 | -€1,239 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.