BELROSE CLASSICS: what changed
What changed
BELROSE CLASSICS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€145,112
2024 · €150,000-€4,888
Equity
€1.9m
2024 · €1.8m+€145,112
Cash
€499,611
2024 · €104,033+€395,578
Balance sheet total
€15.5m
2024 · €12.4m+€3.2m
Largest movements
Assets
- Receivables within one year +€3.5m
up €3.5m (+63.4%), from €5.6m to €9.1m
of which Trade receivables: +€2.7m
- Stocks and contracts -€582,842
down €582,842 (-12.1%), from €4.8m to €4.2m
- Cash +€395,578
up €395,578 (+380%), from €104,033 to €499,611
mainly Trade debts (+€1.7m) and Debts after one year (+€1.5m)
Equity and liabilities
- Trade debts +€1.7m
up €1.7m (+192%), from €870,558 to €2.5m
- Debts after one year +€1.5m
up €1.5m (+18.2%), from €8.4m to €9.9m
- Accrued charges and deferred income -€293,160
down €293,160 (-50.5%), from €580,861 to €287,700
- Advances received -€285,816
down €285,816 (-96.9%), from €295,000 to €9,184
- Other debts +€176,583
up €176,583 (+56.7%), from €311,171 to €487,754
Income statement
- Gross operating margin +€132,790
up €132,790 (+12.9%), from €1.0m to €1.2m
- Depreciation +€80,233
up €80,233 (+15.2%), from €526,902 to €607,135
- Financial charges +€30,039
up €30,039 (+51.8%), from €57,989 to €88,028
- Taxes +€12,487
up €12,487 (+28.4%), from €44,004 to €56,490
- Staff costs +€12,292
up €12,292 (+4.8%), from €254,444 to €266,736
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€150,000
Gross operating margin
+€132,790
Staff costs
-€12,292
Depreciation
-€80,233
Other operating charges
-€7,605
Financial income
+€4,978
Financial charges
-€30,039
Taxes
-€12,487
Result 2025
€145,112
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€823,133
Investment
-€452,174
Financing
+€1.7m
Cash 2024
€104,033
From operations (derived)
-€823,133
Net result for the year
+€145,112
Depreciation
+€607,135
Receivables after one year
+€21,042
Stocks and contracts
+€582,842
Receivables within one year
-€3.5m
Deferred charges and accrued income
+€22,264
Trade debts
+€1.7m
Tax, wage and social debts
+€68,586
Advances received
-€285,816
Other debts
+€176,583
Accrued charges and deferred income
-€293,160
Investment (derived)
-€452,174
Investment in fixed assets (net)
-€452,174
Financing
+€1.7m
Debts after one year
+€1.5m
Current portion of long-term debt
+€140,286
Cash 2025
€499,611
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,379,726 | €15,537,562 | +€3.2m | +25.5% |
| Fixed assets | 21/28 | €1,755,084 | €1,600,123 | -€154,961 | -8.8% |
| Intangible fixed assets | 21 | €199,021 | €156,019 | -€43,002 | -21.6% |
| Tangible fixed assets | 22/27 | €1,552,613 | €1,440,954 | -€111,659 | -7.2% |
| Plant, machinery and equipment | 23 | €1,151,833 | €1,109,292 | -€42,541 | -3.7% |
| Furniture and vehicles | 24 | €126,832 | €103,109 | -€23,723 | -18.7% |
| Other tangible fixed assets | 26 | €273,948 | €228,553 | -€45,395 | -16.6% |
| Financial fixed assets | 28 | €3,450 | €3,150 | -€300 | -8.7% |
| Current assets | 29/58 | €10,624,643 | €13,937,439 | +€3.3m | +31.2% |
| Amounts receivable after more than one year | 29 | €85,150 | €64,108 | -€21,042 | -24.7% |
| Other amounts receivable | 291 | €85,150 | €64,108 | -€21,042 | -24.7% |
| Stocks and contracts in progress | 3 | €4,810,886 | €4,228,044 | -€582,842 | -12.1% |
| Stocks | 30/36 | €4,810,886 | €4,228,044 | -€582,842 | -12.1% |
| Amounts receivable within one year | 40/41 | €5,591,663 | €9,135,030 | +€3.5m | +63.4% |
| Trade receivables | 40 | €5,576,028 | €8,263,623 | +€2.7m | +48.2% |
| Other amounts receivable | 41 | €15,635 | €871,407 | +€855,772 | +5,473% |
| Cash at bank and in hand | 54/58 | €104,033 | €499,611 | +€395,578 | +380% |
| Deferred charges and accrued income | 490/1 | €32,910 | €10,646 | -€22,264 | -67.7% |
| Total equity and liabilities | 10/49 | €12,379,726 | €15,537,562 | +€3.2m | +25.5% |
| Equity | 10/15 | €1,776,388 | €1,921,500 | +€145,112 | +8.2% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €776,388 | €921,500 | +€145,112 | +18.7% |
| Distributable reserves | 133 | €776,388 | €921,500 | +€145,112 | +18.7% |
| Amounts payable | 17/49 | €10,603,338 | €13,616,062 | +€3.0m | +28.4% |
| Amounts payable after more than one year | 17 | €8,405,482 | €9,936,081 | +€1.5m | +18.2% |
| Financial debts | 170/4 | €8,405,482 | €9,936,081 | +€1.5m | +18.2% |
| Amounts payable within one year | 42/48 | €1,616,995 | €3,392,280 | +€1.8m | +110% |
| Current portion of amounts payable after more than one year | 42 | €29,871 | €170,157 | +€140,286 | +470% |
| Trade debts | 44 | €870,558 | €2,546,204 | +€1.7m | +192% |
| Suppliers | 440/4 | €870,558 | €2,546,204 | +€1.7m | +192% |
| Advances received on contracts in progress | 46 | €295,000 | €9,184 | -€285,816 | -96.9% |
| Taxes, remuneration and social security | 45 | €110,395 | €178,981 | +€68,586 | +62.1% |
| Taxes | 450/3 | €76,877 | €144,638 | +€67,761 | +88.1% |
| Remuneration and social security | 454/9 | €33,517 | €34,343 | +€826 | +2.5% |
| Other amounts payable | 47/48 | €311,171 | €487,754 | +€176,583 | +56.7% |
| Accrued charges and deferred income | 492/3 | €580,861 | €287,700 | -€293,160 | -50.5% |
| Remuneration, social security and pensions | 62 | €254,444 | €266,736 | +€12,292 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526,902 | €607,135 | +€80,233 | +15.2% |
| Other operating charges | 640/8 | €1,237 | €8,842 | +€7,605 | +615% |
| Gross operating margin | 9900 | €1,027,945 | €1,160,735 | +€132,790 | +12.9% |
| Operating profit (loss) | 9901 | €245,363 | €278,022 | +€32,660 | +13.3% |
| Financial income | 75/76B | €6,630 | €11,608 | +€4,978 | +75.1% |
| Recurring financial income | 75 | €6,630 | €11,608 | +€4,978 | +75.1% |
| Financial charges | 65/66B | €57,989 | €88,028 | +€30,039 | +51.8% |
| Recurring financial charges | 65 | €57,989 | €88,028 | +€30,039 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €194,004 | €201,602 | +€7,599 | +3.9% |
| Income taxes | 67/77 | €44,004 | €56,490 | +€12,487 | +28.4% |
| Profit (loss) for the period | 9904 | €150,000 | €145,112 | -€4,888 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €150,000 | €145,112 | -€4,888 | -3.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.