BIJ DEN BELS: 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.
What changed
BIJ DEN BELS
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€186,937
2024 · -€125,594-€61,343
Equity
€307,966
2024 · €494,903-€186,937
Cash
€290,955
2024 · €307,524-€16,568
Balance sheet total
€1.7m
2024 · €1.7m-€52,775
Largest movements
Assets
- Tangible fixed assets -€43,376
down €43,376 (-16.5%), from €263,379 to €220,003
of which Plant, machinery and equipment: -€34,374
Equity and liabilities
- Profit (loss) carried forward -€186,937
down €186,937 (-72.7%), from €257,203 to €70,266
- Debts after one year +€184,630
up €184,630 (+118%), from €156,419 to €341,049
- Trade debts -€66,573
down €66,573 (-8.6%), from €772,417 to €705,844
- Current portion of long-term debt +€40,735
up €40,735 (+27.3%), from €149,433 to €190,168
- Tax, wage and social debts -€22,277
down €22,277 (-15.3%), from €145,752 to €123,474
of which Remuneration and social security: -€32,262
Income statement
- Staff costs +€28,001
up €28,001 (+2.7%), from €1.1m to €1.1m
- Gross operating margin -€20,093
down €20,093 (-1.9%), from €1.1m to €1.0m
- Financial income -€14,886
down €14,886 (-79.0%), from €18,844 to €3,958
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.
Result 2024
-€125,594
Gross operating margin
-€20,093
Staff costs
-€28,001
Depreciation
-€8,780
Other operating charges
-€1,206
Other operating items
+€50
Financial income
-€14,886
Financial charges
+€2,354
Taxes
+€9,219
Result 2025
-€186,937
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€181,320
Investment
-€59,226
Financing
+€223,977
Cash 2024
€307,524
From operations (derived)
-€181,320
Net result for the year
-€186,937
Depreciation
+€102,602
Stocks and contracts
+€1,613
Receivables within one year
-€5,480
Deferred charges and accrued income
-€3,302
Trade debts
-€66,573
Tax, wage and social debts
-€22,277
Accrued charges and deferred income
-€966
Investment (derived)
-€59,226
Investment in fixed assets (net)
-€59,226
Financing
+€223,977
Debts after one year
+€184,630
Current portion of long-term debt
+€40,735
Short-term financial debts
-€1,387
Cash 2025
€290,955
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,721,277 | €1,668,501 | -€52,775 | -3.1% |
| Fixed assets | 21/28 | €263,712 | €220,336 | -€43,376 | -16.4% |
| Tangible fixed assets | 22/27 | €263,379 | €220,003 | -€43,376 | -16.5% |
| Land and buildings | 22 | €73,260 | €65,780 | -€7,479 | -10.2% |
| Plant, machinery and equipment | 23 | €187,905 | €153,531 | -€34,374 | -18.3% |
| Furniture and vehicles | 24 | €720 | - | -€720 | |
| Other tangible fixed assets | 26 | €1,494 | €691 | -€803 | -53.7% |
| Financial fixed assets | 28 | €333 | €333 | = | 0.0% |
| Current assets | 29/58 | €1,457,565 | €1,448,165 | -€9,399 | -0.6% |
| Stocks and contracts in progress | 3 | €740,927 | €739,314 | -€1,613 | -0.2% |
| Stocks | 30/36 | €740,927 | €739,314 | -€1,613 | -0.2% |
| Amounts receivable within one year | 40/41 | €408,944 | €414,423 | +€5,480 | +1.3% |
| Trade receivables | 40 | €109,158 | €107,660 | -€1,497 | -1.4% |
| Other amounts receivable | 41 | €299,786 | €306,763 | +€6,977 | +2.3% |
| Cash at bank and in hand | 54/58 | €307,524 | €290,955 | -€16,568 | -5.4% |
| Deferred charges and accrued income | 490/1 | €170 | €3,472 | +€3,302 | +1,940% |
| Total equity and liabilities | 10/49 | €1,721,277 | €1,668,501 | -€52,775 | -3.1% |
| Equity | 10/15 | €494,903 | €307,966 | -€186,937 | -37.8% |
| Contributions | 10/11 | €56,272 | €56,272 | = | 0.0% |
| Reserves | 13 | €181,428 | €181,428 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,551 | €4,551 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,551 | €4,551 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,529 | €75,529 | = | 0.0% |
| Distributable reserves | 133 | €101,348 | €101,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,203 | €70,266 | -€186,937 | -72.7% |
| Amounts payable | 17/49 | €1,226,374 | €1,360,535 | +€134,161 | +10.9% |
| Amounts payable after more than one year | 17 | €156,419 | €341,049 | +€184,630 | +118% |
| Financial debts | 170/4 | €156,419 | €341,049 | +€184,630 | +118% |
| Amounts payable within one year | 42/48 | €1,068,989 | €1,019,486 | -€49,503 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €149,433 | €190,168 | +€40,735 | +27.3% |
| Financial debts | 43 | €1,387 | - | -€1,387 | |
| Credit institutions | 430/8 | €1,387 | - | -€1,387 | |
| Trade debts | 44 | €772,417 | €705,844 | -€66,573 | -8.6% |
| Suppliers | 440/4 | €772,417 | €705,844 | -€66,573 | -8.6% |
| Taxes, remuneration and social security | 45 | €145,752 | €123,474 | -€22,277 | -15.3% |
| Taxes | 450/3 | - | €9,985 | +€9,985 | |
| Remuneration and social security | 454/9 | €145,752 | €113,490 | -€32,262 | -22.1% |
| Accrued charges and deferred income | 492/3 | €966 | - | -€966 | |
| Remuneration, social security and pensions | 62 | €1,055,164 | €1,083,164 | +€28,001 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,822 | €102,602 | +€8,780 | +9.4% |
| Other operating charges | 640/8 | €5,807 | €7,013 | +€1,206 | +20.8% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €1,056,851 | €1,036,758 | -€20,093 | -1.9% |
| Operating profit (loss) | 9901 | -€97,992 | -€156,022 | -€58,030 | -59.2% |
| Financial income | 75/76B | €18,844 | €3,958 | -€14,886 | -79.0% |
| Recurring financial income | 75 | €18,844 | €3,958 | -€14,886 | -79.0% |
| Financial charges | 65/66B | €36,818 | €34,464 | -€2,354 | -6.4% |
| Recurring financial charges | 65 | €36,818 | €34,464 | -€2,354 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€115,967 | -€186,528 | -€70,562 | -60.8% |
| Income taxes | 67/77 | €9,627 | €408 | -€9,219 | -95.8% |
| Profit (loss) for the period | 9904 | -€125,594 | -€186,937 | -€61,343 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€125,594 | -€186,937 | -€61,343 | -48.8% |
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 31 October 2026 via checked.be.