BeLuxx: 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.
BeLuxx
Largest movements
- Receivables within one year -€25,908
down €25,908 (-56.1%), from €46,148 to €20,240
of which Trade receivables: -€26,072
- Cash +€18,651
up €18,651 (+954%), from €1,956 to €20,607
mainly Receivables within one year (+€25,908) and Depreciation (+€10,427)
- Tangible fixed assets -€6,557
down €6,557 (-1.2%), from €531,472 to €524,915
- Profit (loss) carried forward -€13,885
down €13,885 (-6.8%), from -€204,981 to -€218,865
- Gross operating margin +€33,881
up €33,881 (+97.2%), from -€34,849 to -€969
- Other operating charges -€861
down €861 (-26.5%), from €3,242 to €2,381
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 | €581,063 | €567,249 | -€13,814 | -2.4% |
| Fixed assets | 21/28 | €532,959 | €526,402 | -€6,557 | -1.2% |
| Tangible fixed assets | 22/27 | €531,472 | €524,915 | -€6,557 | -1.2% |
| Land and buildings | 22 | €531,472 | €524,915 | -€6,557 | -1.2% |
| Financial fixed assets | 28 | €1,487 | €1,487 | = | 0.0% |
| Current assets | 29/58 | €48,104 | €40,847 | -€7,257 | -15.1% |
| Amounts receivable within one year | 40/41 | €46,148 | €20,240 | -€25,908 | -56.1% |
| Trade receivables | 40 | €29,128 | €3,057 | -€26,072 | -89.5% |
| Other amounts receivable | 41 | €17,019 | €17,183 | +€164 | +1.0% |
| Cash at bank and in hand | 54/58 | €1,956 | €20,607 | +€18,651 | +954% |
| Total equity and liabilities | 10/49 | €581,063 | €567,249 | -€13,814 | -2.4% |
| Equity | 10/15 | €10,088 | -€3,796 | -€13,885 | |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €179,442 | €179,442 | = | 0.0% |
| Reserves | 13 | €4,640 | €4,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €1,542 | €1,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,981 | -€218,865 | -€13,885 | -6.8% |
| Amounts payable | 17/49 | €570,974 | €571,045 | +€71 | 0.0% |
| Amounts payable after more than one year | 17 | €190,253 | €190,253 | = | 0.0% |
| Financial debts | 170/4 | €190,253 | €190,253 | = | 0.0% |
| Amounts payable within one year | 42/48 | €380,721 | €380,792 | +€71 | 0.0% |
| Trade debts | 44 | €1,181 | €132 | -€1,049 | -88.8% |
| Suppliers | 440/4 | €1,181 | €132 | -€1,049 | -88.8% |
| Taxes, remuneration and social security | 45 | €16,389 | €16,389 | = | 0.0% |
| Taxes | 450/3 | €16,389 | €16,389 | = | 0.0% |
| Other amounts payable | 47/48 | €363,151 | €364,271 | +€1,120 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,427 | €10,427 | = | 0.0% |
| Other operating charges | 640/8 | €3,242 | €2,381 | -€861 | -26.5% |
| Gross operating margin | 9900 | -€34,849 | -€969 | +€33,881 | +97.2% |
| Operating profit (loss) | 9901 | -€48,518 | -€13,777 | +€34,741 | +71.6% |
| Financial income | 75/76B | €344 | €0 | -€344 | -100% |
| Recurring financial income | 75 | €344 | €0 | -€344 | -100% |
| Financial charges | 65/66B | €80 | €108 | +€28 | +34.8% |
| Recurring financial charges | 65 | €80 | €108 | +€28 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | -€48,255 | -€13,885 | +€34,370 | +71.2% |
| Profit (loss) for the period | 9904 | -€48,255 | -€13,885 | +€34,370 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,255 | -€13,885 | +€34,370 | +71.2% |
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 14 October 2026 via checked.be.