BELSCAN CONTINENTAL: 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.
BELSCAN CONTINENTAL
Largest movements
- Receivables within one year -€649,306
down €649,306 (-59.1%), from €1.1m to €449,838
of which Trade receivables: -€613,954
- Stocks and contracts -€554,917
down €554,917 (-13.5%), from €4.1m to €3.6m
- Cash -€75,543
down €75,543 (-75.5%), from €99,991 to €24,448
mainly Short-term financial debts (-€1.1m) and Other debts (-€369,765)
- Short-term financial debts -€1.1m
down €1.1m (-39.8%), from €2.7m to €1.6m
- Other debts -€369,765
down €369,765 (-43.5%), from €850,000 to €480,235
- Trade debts +€182,779
up €182,779 (+115%), from €158,287 to €341,066
- Financial charges +€18,160
up €18,160 (+9.8%), from €184,702 to €202,862
of which Non-recurring financial charges: +€35,711
- Gross operating margin +€16,075
up €16,075 (+2.3%), from €693,012 to €709,087
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 | €5,417,487 | €4,165,070 | -€1.3m | -23.1% |
| Fixed assets | 21/28 | €112,622 | €108,259 | -€4,363 | -3.9% |
| Intangible fixed assets | 21 | - | €19,705 | +€19,705 | |
| Tangible fixed assets | 22/27 | €112,622 | €88,554 | -€24,068 | -21.4% |
| Land and buildings | 22 | €1,607 | €1,526 | -€81 | -5.0% |
| Plant, machinery and equipment | 23 | €3,931 | €2,437 | -€1,494 | -38.0% |
| Furniture and vehicles | 24 | €93,534 | €71,041 | -€22,493 | -24.0% |
| Other tangible fixed assets | 26 | €13,550 | €13,550 | = | 0.0% |
| Current assets | 29/58 | €5,304,865 | €4,056,811 | -€1.2m | -23.5% |
| Stocks and contracts in progress | 3 | €4,105,730 | €3,550,813 | -€554,917 | -13.5% |
| Stocks | 30/36 | €4,105,730 | €3,550,813 | -€554,917 | -13.5% |
| Amounts receivable within one year | 40/41 | €1,099,144 | €449,838 | -€649,306 | -59.1% |
| Trade receivables | 40 | €1,052,335 | €438,381 | -€613,954 | -58.3% |
| Other amounts receivable | 41 | €46,809 | €11,457 | -€35,352 | -75.5% |
| Cash at bank and in hand | 54/58 | €99,991 | €24,448 | -€75,543 | -75.5% |
| Deferred charges and accrued income | 490/1 | - | €31,712 | +€31,712 | |
| Total equity and liabilities | 10/49 | €5,417,487 | €4,165,070 | -€1.3m | -23.1% |
| Equity | 10/15 | €1,558,569 | €1,576,327 | +€17,758 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,538,109 | €1,555,867 | +€17,758 | +1.2% |
| Amounts payable | 17/49 | €3,858,918 | €2,588,743 | -€1.3m | -32.9% |
| Amounts payable within one year | 42/48 | €3,858,580 | €2,588,743 | -€1.3m | -32.9% |
| Financial debts | 43 | €2,700,000 | €1,625,000 | -€1.1m | -39.8% |
| Credit institutions | 430/8 | €2,700,000 | €1,625,000 | -€1.1m | -39.8% |
| Trade debts | 44 | €158,287 | €341,066 | +€182,779 | +115% |
| Suppliers | 440/4 | €158,287 | €341,066 | +€182,779 | +115% |
| Taxes, remuneration and social security | 45 | €150,293 | €142,442 | -€7,851 | -5.2% |
| Taxes | 450/3 | €105,630 | €95,220 | -€10,410 | -9.9% |
| Remuneration and social security | 454/9 | €44,663 | €47,222 | +€2,559 | +5.7% |
| Other amounts payable | 47/48 | €850,000 | €480,235 | -€369,765 | -43.5% |
| Accrued charges and deferred income | 492/3 | €338 | - | -€338 | |
| Non-recurring operating income | 76A | €51,466 | €104,514 | +€53,048 | +103% |
| Remuneration, social security and pensions | 62 | €413,371 | €415,700 | +€2,329 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,673 | €25,840 | +€5,167 | +25.0% |
| Other operating charges | 640/8 | €1,441 | €2,897 | +€1,456 | +101% |
| Non-recurring operating charges | 66A | €10,772 | €42,661 | +€31,889 | +296% |
| Gross operating margin | 9900 | €693,012 | €709,087 | +€16,075 | +2.3% |
| Operating profit (loss) | 9901 | €246,755 | €221,989 | -€24,766 | -10.0% |
| Financial income | 75/76B | €84 | - | -€84 | |
| Recurring financial income | 75 | €84 | - | -€84 | |
| Financial charges | 65/66B | €184,702 | €202,862 | +€18,160 | +9.8% |
| Recurring financial charges | 65 | €156,971 | €139,420 | -€17,551 | -11.2% |
| Non-recurring financial charges | 66B | €27,731 | €63,442 | +€35,711 | +129% |
| Profit (loss) for the period before taxes | 9903 | €62,137 | €19,127 | -€43,010 | -69.2% |
| Income taxes | 67/77 | €1,249 | €1,369 | +€120 | +9.6% |
| Profit (loss) for the period | 9904 | €60,888 | €17,758 | -€43,130 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,888 | €17,758 | -€43,130 | -70.8% |
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 15 October 2026 via checked.be.