BELUX Properties: 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 Properties
Largest movements
- Tangible fixed assets -€68,601
down €68,601 (-6.6%), from €1.0m to €971,751
of which Land and buildings: -€65,672
- Debts after one year -€53,692
down €53,692 (-6.6%), from €812,378 to €758,686
of which Financial debts: -€54,342
- Profit (loss) carried forward -€16,014
down €16,014 (-13.5%), from -€118,993 to -€135,007
- Purchases and services +€7,310
up €7,310 (+30.9%), from €23,622 to €30,932
- Gross operating margin -€6,554
down €6,554 (-8.4%), from €78,473 to €71,919
- Depreciation +€1,579
up €1,579 (+2.2%), from €71,094 to €72,673
- Financial charges -€1,018
down €1,018 (-9.0%), from €11,294 to €10,276
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.
Cash bridge derived
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 | €1,043,909 | €981,117 | -€62,792 | -6.0% |
| Formation expenses | 20 | €444 | €131 | -€314 | -70.6% |
| Fixed assets | 21/28 | €1,040,353 | €971,751 | -€68,601 | -6.6% |
| Tangible fixed assets | 22/27 | €1,040,353 | €971,751 | -€68,601 | -6.6% |
| Land and buildings | 22 | €1,033,223 | €967,552 | -€65,672 | -6.4% |
| Plant, machinery and equipment | 23 | €3,961 | €2,749 | -€1,212 | -30.6% |
| Furniture and vehicles | 24 | €3,168 | €1,451 | -€1,718 | -54.2% |
| Current assets | 29/58 | €3,112 | €9,235 | +€6,123 | +196.8% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €3,112 | €9,235 | +€6,123 | +196.8% |
| Total equity and liabilities | 10/49 | €1,043,909 | €981,117 | -€62,792 | -6.0% |
| Equity | 10/15 | -€18,993 | -€35,007 | -€16,014 | -84.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,993 | -€135,007 | -€16,014 | -13.5% |
| Amounts payable | 17/49 | €1,062,902 | €1,016,125 | -€46,777 | -4.4% |
| Amounts payable after more than one year | 17 | €812,378 | €758,686 | -€53,692 | -6.6% |
| Financial debts | 170/4 | €803,668 | €749,326 | -€54,342 | -6.8% |
| Other amounts payable | 178/9 | €8,710 | €9,360 | +€650 | +7.5% |
| Amounts payable within one year | 42/48 | €250,524 | €257,438 | +€6,914 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €54,065 | €54,342 | +€277 | +0.5% |
| Trade debts | 44 | €11,333 | €11,981 | +€648 | +5.7% |
| Suppliers | 440/4 | €11,333 | €11,981 | +€648 | +5.7% |
| Other amounts payable | 47/48 | €185,126 | €191,116 | +€5,990 | +3.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €23,622 | €30,932 | +€7,310 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,094 | €72,673 | +€1,579 | +2.2% |
| Other operating charges | 640/8 | €4,832 | €4,984 | +€152 | +3.2% |
| Gross operating margin | 9900 | €78,473 | €71,919 | -€6,554 | -8.4% |
| Operating profit (loss) | 9901 | €2,547 | -€5,738 | -€8,285 | |
| Financial charges | 65/66B | €11,294 | €10,276 | -€1,018 | -9.0% |
| Recurring financial charges | 65 | €11,294 | €10,276 | -€1,018 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,747 | -€16,014 | -€7,267 | -83.1% |
| Profit (loss) for the period | 9904 | -€8,747 | -€16,014 | -€7,267 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,747 | -€16,014 | -€7,267 | -83.1% |
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 9 October 2026 via checked.be.