BELROB: 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.
BELROB
Largest movements
- Cash +€104,440
up €104,440 (+148%), from €70,672 to €175,112
mainly Contributions, distributions and other (+€325,000) and Net result for the year (+€89,333)
- Tangible fixed assets -€43,918
down €43,918 (-27.5%), from €159,825 to €115,907
of which Land and buildings: -€25,071
- Contributions +€325,000
up €325,000 (+1,747%), from €18,600 to €343,600
- Other debts -€324,240
down €324,240 (-27.2%), from €1.2m to €867,364
- Profit (loss) carried forward +€89,333
up €89,333 (+197%), from €45,270 to €134,603
- Tax, wage and social debts -€29,449
down €29,449 (-53.4%), from €55,130 to €25,681
- Accrued charges and deferred income +€23,301
new in 2025: €23,301
- Financial income -€187,167
down €187,167 (-84.7%), from €221,018 to €33,850
of which Non-recurring financial income: -€174,609
- Taxes -€39,699
down €39,699 (-76.8%), from €51,709 to €12,010
- Financial charges +€23,684
up €23,684 (+2,482%), from €954 to €24,638
- Gross operating margin +€7,185
up €7,185 (+5.4%), from €133,219 to €140,405
- Depreciation +€4,400
up €4,400 (+11.1%), from €39,518 to €43,918
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 | €1,839,213 | €1,906,064 | +€66,852 | +3.6% |
| Fixed assets | 21/28 | €1,727,402 | €1,683,485 | -€43,918 | -2.5% |
| Tangible fixed assets | 22/27 | €159,825 | €115,907 | -€43,918 | -27.5% |
| Land and buildings | 22 | €85,760 | €60,689 | -€25,071 | -29.2% |
| Plant, machinery and equipment | 23 | €55,029 | €48,032 | -€6,998 | -12.7% |
| Furniture and vehicles | 24 | €19,036 | €7,186 | -€11,849 | -62.2% |
| Financial fixed assets | 28 | €1,567,577 | €1,567,577 | = | 0.0% |
| Current assets | 29/58 | €111,810 | €222,580 | +€110,770 | +99.1% |
| Stocks and contracts in progress | 3 | €37,494 | €43,236 | +€5,742 | +15.3% |
| Stocks | 30/36 | €37,494 | €43,236 | +€5,742 | +15.3% |
| Amounts receivable within one year | 40/41 | €185 | €13 | -€172 | -93.1% |
| Other amounts receivable | 41 | €185 | €13 | -€172 | -93.1% |
| Cash at bank and in hand | 54/58 | €70,672 | €175,112 | +€104,440 | +148% |
| Deferred charges and accrued income | 490/1 | €3,460 | €4,219 | +€759 | +22.0% |
| Total equity and liabilities | 10/49 | €1,839,213 | €1,906,064 | +€66,852 | +3.6% |
| Equity | 10/15 | €563,155 | €977,488 | +€414,333 | +73.6% |
| Contributions | 10/11 | €18,600 | €343,600 | +€325,000 | +1,747% |
| Reserves | 13 | €499,285 | €499,285 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €497,425 | €497,425 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,270 | €134,603 | +€89,333 | +197% |
| Amounts payable | 17/49 | €1,276,058 | €928,576 | -€347,482 | -27.2% |
| Amounts payable after more than one year | 17 | €10,499 | - | -€10,499 | |
| Financial debts | 170/4 | €10,499 | - | -€10,499 | |
| Amounts payable within one year | 42/48 | €1,265,558 | €905,275 | -€360,284 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €16,232 | €11,526 | -€4,705 | -29.0% |
| Trade debts | 44 | €2,593 | €703 | -€1,889 | -72.9% |
| Suppliers | 440/4 | €2,593 | €703 | -€1,889 | -72.9% |
| Taxes, remuneration and social security | 45 | €55,130 | €25,681 | -€29,449 | -53.4% |
| Taxes | 450/3 | €55,130 | €25,681 | -€29,449 | -53.4% |
| Other amounts payable | 47/48 | €1,191,604 | €867,364 | -€324,240 | -27.2% |
| Accrued charges and deferred income | 492/3 | - | €23,301 | +€23,301 | |
| Remuneration, social security and pensions | 62 | - | €134 | +€134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,518 | €43,918 | +€4,400 | +11.1% |
| Other operating charges | 640/8 | €3,744 | €4,222 | +€478 | +12.8% |
| Gross operating margin | 9900 | €133,219 | €140,405 | +€7,185 | +5.4% |
| Operating profit (loss) | 9901 | €89,958 | €92,131 | +€2,174 | +2.4% |
| Financial income | 75/76B | €221,018 | €33,850 | -€187,167 | -84.7% |
| Recurring financial income | 75 | €46,409 | €33,850 | -€12,558 | -27.1% |
| Non-recurring financial income | 76B | €174,609 | - | -€174,609 | |
| Financial charges | 65/66B | €954 | €24,638 | +€23,684 | +2,482% |
| Recurring financial charges | 65 | €954 | €24,638 | +€23,684 | +2,482% |
| Profit (loss) for the period before taxes | 9903 | €310,021 | €101,343 | -€208,678 | -67.3% |
| Income taxes | 67/77 | €51,709 | €12,010 | -€39,699 | -76.8% |
| Profit (loss) for the period | 9904 | €258,312 | €89,333 | -€168,978 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €258,312 | €89,333 | -€168,978 | -65.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.