BELUX IMPORT: 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.
BELUX IMPORT
Largest movements
- Cash +€135,597
up €135,597 (+56.2%), from €241,190 to €376,787
mainly Receivables within one year (+€83,923) and Tax, wage and social debts (+€68,617)
- Receivables within one year -€83,923
down €83,923 (-73.3%), from €114,440 to €30,517
of which Trade receivables: -€86,152
- Stocks and contracts -€60,847
down €60,847 (-7.8%), from €784,667 to €723,821
- Intangible fixed assets -€36,000
down €36,000 (-50.0%), from €72,000 to €36,000
- Debts after one year -€86,630
down €86,630 (-19.1%), from €453,663 to €367,033
- Tax, wage and social debts +€68,617
up €68,617 (+111%), from €62,064 to €130,680
of which Remuneration and social security: +€47,915
- Trade debts -€40,963
down €40,963 (-16.9%), from €242,497 to €201,534
- Reserves +€38,441
up €38,441 (+23.5%), from €163,401 to €201,842
of which Distributable reserves: +€38,441
- Current portion of long-term debt -€30,720
down €30,720 (-23.5%), from €130,991 to €100,271
- Gross operating margin +€99,473
up €99,473 (+20.2%), from €493,136 to €592,609
- Staff costs +€40,390
up €40,390 (+10.4%), from €389,714 to €430,104
- Taxes +€23,776
up €23,776 (+393%), from €6,043 to €29,820
- Depreciation +€8,274
up €8,274 (+16.6%), from €49,864 to €58,139
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 | €1,421,793 | €1,369,493 | -€52,300 | -3.7% |
| Fixed assets | 21/28 | €274,168 | €227,605 | -€46,563 | -17.0% |
| Intangible fixed assets | 21 | €72,000 | €36,000 | -€36,000 | -50.0% |
| Tangible fixed assets | 22/27 | €201,390 | €190,827 | -€10,563 | -5.2% |
| Land and buildings | 22 | €193,045 | €182,562 | -€10,484 | -5.4% |
| Furniture and vehicles | 24 | €8,345 | €8,266 | -€79 | -0.9% |
| Financial fixed assets | 28 | €778 | €778 | = | 0.0% |
| Current assets | 29/58 | €1,147,626 | €1,141,888 | -€5,737 | -0.5% |
| Stocks and contracts in progress | 3 | €784,667 | €723,821 | -€60,847 | -7.8% |
| Stocks | 30/36 | €784,667 | €723,821 | -€60,847 | -7.8% |
| Amounts receivable within one year | 40/41 | €114,440 | €30,517 | -€83,923 | -73.3% |
| Trade receivables | 40 | €114,000 | €27,848 | -€86,152 | -75.6% |
| Other amounts receivable | 41 | €441 | €2,669 | +€2,228 | +506% |
| Current investments | 50/53 | €9 | €9 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €241,190 | €376,787 | +€135,597 | +56.2% |
| Deferred charges and accrued income | 490/1 | €7,318 | €10,754 | +€3,436 | +46.9% |
| Total equity and liabilities | 10/49 | €1,421,793 | €1,369,493 | -€52,300 | -3.7% |
| Equity | 10/15 | €526,830 | €565,271 | +€38,441 | +7.3% |
| Contributions | 10/11 | €362,488 | €362,488 | = | 0.0% |
| Capital | 10 | €362,488 | €362,488 | = | 0.0% |
| Issued capital | 100 | €362,488 | €362,488 | = | 0.0% |
| Reserves | 13 | €163,401 | €201,842 | +€38,441 | +23.5% |
| Non-distributable reserves | 130/1 | €23,253 | €23,253 | = | 0.0% |
| Legal reserve | 130 | €23,253 | €23,253 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,435 | €46,435 | = | 0.0% |
| Distributable reserves | 133 | €93,713 | €132,154 | +€38,441 | +41.0% |
| Profit (loss) carried forward | 14 | €941 | €941 | = | 0.0% |
| Amounts payable | 17/49 | €894,963 | €804,222 | -€90,741 | -10.1% |
| Amounts payable after more than one year | 17 | €453,663 | €367,033 | -€86,630 | -19.1% |
| Financial debts | 170/4 | €453,663 | €367,033 | -€86,630 | -19.1% |
| Amounts payable within one year | 42/48 | €441,300 | €437,189 | -€4,111 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €130,991 | €100,271 | -€30,720 | -23.5% |
| Financial debts | 43 | €2,510 | €4,703 | +€2,193 | +87.4% |
| Credit institutions | 430/8 | €2,510 | €4,703 | +€2,193 | +87.4% |
| Trade debts | 44 | €242,497 | €201,534 | -€40,963 | -16.9% |
| Suppliers | 440/4 | €242,497 | €201,534 | -€40,963 | -16.9% |
| Taxes, remuneration and social security | 45 | €62,064 | €130,680 | +€68,617 | +111% |
| Taxes | 450/3 | €14,636 | €35,338 | +€20,701 | +141% |
| Remuneration and social security | 454/9 | €47,428 | €95,343 | +€47,915 | +101% |
| Other amounts payable | 47/48 | €3,239 | - | -€3,239 | |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Remuneration, social security and pensions | 62 | €389,714 | €430,104 | +€40,390 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,864 | €58,139 | +€8,274 | +16.6% |
| Other operating charges | 640/8 | €8,980 | €6,897 | -€2,083 | -23.2% |
| Gross operating margin | 9900 | €493,136 | €592,609 | +€99,473 | +20.2% |
| Operating profit (loss) | 9901 | €44,578 | €97,470 | +€52,891 | +119% |
| Financial income | 75/76B | €3,408 | €3,508 | +€100 | +2.9% |
| Recurring financial income | 75 | €3,408 | €3,508 | +€100 | +2.9% |
| Financial charges | 65/66B | €32,903 | €32,717 | -€186 | -0.6% |
| Recurring financial charges | 65 | €32,903 | €32,717 | -€186 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €15,083 | €68,261 | +€53,178 | +353% |
| Income taxes | 67/77 | €6,043 | €29,820 | +€23,776 | +393% |
| Profit (loss) for the period | 9904 | €9,040 | €38,441 | +€29,402 | +325% |
| Profit (loss) for the period to be appropriated | 9905 | €9,040 | €38,441 | +€29,402 | +325% |
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 14 October 2026 via checked.be.