DINGEMANS & BELLEFROID: 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.
DINGEMANS & BELLEFROID
Largest movements
- Receivables within one year +€270,490
up €270,490 (+693.0%), from €39,029 to €309,519
of which Trade receivables: +€271,882
- Stocks and contracts -€87,085
down €87,085 (-92.1%), from €94,600 to €7,515
- Intangible fixed assets -€27,354
no longer reported in 2025 (was €27,354)
- Tangible fixed assets -€12,626
down €12,626 (-23.8%), from €52,959 to €40,333
of which Furniture and vehicles: -€12,414
- Cash -€9,110
down €9,110 (-38.8%), from €23,500 to €14,391
mainly Receivables within one year (-€270,490) and Debts after one year (-€19,464)
- Trade debts +€146,357
up €146,357 (+47885.5%), from €306 to €146,663
- Reserves +€32,352
up €32,352 (+14.9%), from €216,960 to €249,312
- Debts after one year -€19,464
down €19,464 (-52.3%), from €37,188 to €17,724
of which Other amounts payable: -€10,788
- Other debts -€11,655
down €11,655 (-17.8%), from €65,461 to €53,806
- Tax, wage and social debts -€10,935
down €10,935 (-76.3%), from €14,333 to €3,397
- Depreciation -€23,984
down €23,984 (-37.3%), from €64,319 to €40,336
- Staff costs -€19,485
down €19,485, from €19,451 to -€33
- Taxes +€18,917
up €18,917 (+636.4%), from €2,973 to €21,889
- Gross operating margin -€11,691
down €11,691 (-11.5%), from €101,848 to €90,157
- Financial income +€10,353
up €10,353 (+1380.4%), from €750 to €11,103
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 | €243,358 | €373,885 | +€130,527 | +53.6% |
| Fixed assets | 21/28 | €80,313 | €40,333 | -€39,980 | -49.8% |
| Intangible fixed assets | 21 | €27,354 | - | -€27,354 | |
| Tangible fixed assets | 22/27 | €52,959 | €40,333 | -€12,626 | -23.8% |
| Plant, machinery and equipment | 23 | €2,692 | €2,479 | -€213 | -7.9% |
| Furniture and vehicles | 24 | €50,268 | €37,854 | -€12,414 | -24.7% |
| Current assets | 29/58 | €163,045 | €333,552 | +€170,507 | +104.6% |
| Stocks and contracts in progress | 3 | €94,600 | €7,515 | -€87,085 | -92.1% |
| Stocks | 30/36 | €94,600 | €7,515 | -€87,085 | -92.1% |
| Amounts receivable within one year | 40/41 | €39,029 | €309,519 | +€270,490 | +693.0% |
| Trade receivables | 40 | €300 | €272,182 | +€271,882 | +90627.2% |
| Other amounts receivable | 41 | €38,729 | €37,337 | -€1,392 | -3.6% |
| Current investments | 50/53 | - | €1,668 | +€1,668 | |
| Cash at bank and in hand | 54/58 | €23,500 | €14,391 | -€9,110 | -38.8% |
| Deferred charges and accrued income | 490/1 | €5,915 | €459 | -€5,456 | -92.2% |
| Total equity and liabilities | 10/49 | €243,358 | €373,885 | +€130,527 | +53.6% |
| Equity | 10/15 | -€12,881 | €19,471 | +€32,352 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €216,960 | €249,312 | +€32,352 | +14.9% |
| Distributable reserves | 133 | €216,960 | €249,312 | +€32,352 | +14.9% |
| Profit (loss) carried forward | 14 | -€254,841 | -€254,841 | = | 0.0% |
| Provisions and deferred taxes | 16 | €125,037 | €125,037 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €125,037 | €125,037 | = | 0.0% |
| Pensions and similar obligations | 160 | €125,037 | €125,037 | = | 0.0% |
| Amounts payable | 17/49 | €131,202 | €229,376 | +€98,175 | +74.8% |
| Amounts payable after more than one year | 17 | €37,188 | €17,724 | -€19,464 | -52.3% |
| Financial debts | 170/4 | €26,400 | €17,724 | -€8,676 | -32.9% |
| Other amounts payable | 178/9 | €10,788 | - | -€10,788 | |
| Amounts payable within one year | 42/48 | €94,014 | €211,652 | +€117,638 | +125.1% |
| Current portion of amounts payable after more than one year | 42 | €8,416 | €7,786 | -€631 | -7.5% |
| Financial debts | 43 | €5,498 | - | -€5,498 | |
| Credit institutions | 430/8 | €5,498 | - | -€5,498 | |
| Trade debts | 44 | €306 | €146,663 | +€146,357 | +47885.5% |
| Suppliers | 440/4 | €306 | €146,663 | +€146,357 | +47885.5% |
| Taxes, remuneration and social security | 45 | €14,333 | €3,397 | -€10,935 | -76.3% |
| Taxes | 450/3 | €14,333 | €3,397 | -€10,935 | -76.3% |
| Other amounts payable | 47/48 | €65,461 | €53,806 | -€11,655 | -17.8% |
| Remuneration, social security and pensions | 62 | €19,451 | -€33 | -€19,485 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,319 | €40,336 | -€23,984 | -37.3% |
| Other operating charges | 640/8 | €1,352 | €1,348 | -€4 | -0.3% |
| Gross operating margin | 9900 | €101,848 | €90,157 | -€11,691 | -11.5% |
| Operating profit (loss) | 9901 | €16,725 | €48,507 | +€31,781 | +190.0% |
| Financial income | 75/76B | €750 | €11,103 | +€10,353 | +1380.4% |
| Recurring financial income | 75 | €750 | €11,103 | +€10,353 | +1380.4% |
| Financial charges | 65/66B | €4,007 | €5,368 | +€1,362 | +34.0% |
| Recurring financial charges | 65 | €4,007 | €5,368 | +€1,362 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €13,469 | €54,241 | +€40,772 | +302.7% |
| Income taxes | 67/77 | €2,973 | €21,889 | +€18,917 | +636.4% |
| Profit (loss) for the period | 9904 | €10,496 | €32,352 | +€21,856 | +208.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,496 | €32,352 | +€21,856 | +208.2% |
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 9 October 2026 via checked.be.