Fasten Belts: what changed
Fasten Belts
Largest movements
- Current investments -€242,479
down €242,479 (-100%), from €242,479 to €0
- Financial fixed assets +€200,000
new in 2025: €200,000
- Receivables within one year +€24,716
up €24,716 (+60.7%), from €40,738 to €65,454
of which Other amounts receivable: +€61,341
- Cash +€18,364
up €18,364 (+5,023%), from €366 to €18,730
mainly Current investments (+€242,479) and Net result for the year (+€25,807)
- Tangible fixed assets +€4,907
up €4,907 (+60.8%), from €8,066 to €12,973
of which Plant, machinery and equipment: +€3,895
- Reserves +€25,807
up €25,807 (+9.8%), from €262,147 to €287,954
of which Distributable reserves: +€25,807
- Other debts -€19,315
down €19,315 (-67.2%), from €28,738 to €9,423
- Tax, wage and social debts -€3,637
down €3,637 (-88.8%), from €4,095 to €458
- Gross operating margin -€63,380
down €63,380 (-58.9%), from €107,639 to €44,259
- Taxes -€16,769
down €16,769 (-54.1%), from €30,990 to €14,221
- Financial income -€4,068
down €4,068 (-72.9%), from €5,581 to €1,513
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,572 | €299,280 | +€3,708 | +1.3% |
| Fixed assets | 21/28 | €8,066 | €212,973 | +€204,907 | +2,540% |
| Tangible fixed assets | 22/27 | €8,066 | €12,973 | +€4,907 | +60.8% |
| Plant, machinery and equipment | 23 | - | €3,895 | +€3,895 | |
| Furniture and vehicles | 24 | €4,536 | €5,942 | +€1,406 | +31.0% |
| Other tangible fixed assets | 26 | €3,530 | €3,136 | -€393 | -11.1% |
| Financial fixed assets | 28 | - | €200,000 | +€200,000 | |
| Current assets | 29/58 | €287,506 | €86,307 | -€201,199 | -70.0% |
| Amounts receivable within one year | 40/41 | €40,738 | €65,454 | +€24,716 | +60.7% |
| Trade receivables | 40 | €40,054 | €3,429 | -€36,625 | -91.4% |
| Other amounts receivable | 41 | €684 | €62,025 | +€61,341 | +8,962% |
| Current investments | 50/53 | €242,479 | €0 | -€242,479 | -100% |
| Cash at bank and in hand | 54/58 | €366 | €18,730 | +€18,364 | +5,023% |
| Deferred charges and accrued income | 490/1 | €3,923 | €2,123 | -€1,800 | -45.9% |
| Total equity and liabilities | 10/49 | €295,572 | €299,280 | +€3,708 | +1.3% |
| Equity | 10/15 | €262,247 | €288,054 | +€25,807 | +9.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €262,147 | €287,954 | +€25,807 | +9.8% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €262,137 | €287,944 | +€25,807 | +9.8% |
| Amounts payable | 17/49 | €33,325 | €11,226 | -€22,099 | -66.3% |
| Amounts payable within one year | 42/48 | €33,325 | €11,226 | -€22,099 | -66.3% |
| Trade debts | 44 | €492 | €1,345 | +€853 | +173% |
| Suppliers | 440/4 | €492 | €1,345 | +€853 | +173% |
| Taxes, remuneration and social security | 45 | €4,095 | €458 | -€3,637 | -88.8% |
| Taxes | 450/3 | €4,095 | €458 | -€3,637 | -88.8% |
| Other amounts payable | 47/48 | €28,738 | €9,423 | -€19,315 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,876 | €2,659 | -€218 | -7.6% |
| Other operating charges | 640/8 | €1,026 | €942 | -€84 | -8.2% |
| Gross operating margin | 9900 | €107,639 | €44,259 | -€63,380 | -58.9% |
| Operating profit (loss) | 9901 | €103,737 | €40,659 | -€63,078 | -60.8% |
| Financial income | 75/76B | €5,581 | €1,513 | -€4,068 | -72.9% |
| Recurring financial income | 75 | €5,581 | €1,513 | -€4,068 | -72.9% |
| Financial charges | 65/66B | €2,178 | €2,144 | -€34 | -1.6% |
| Recurring financial charges | 65 | €2,178 | €2,144 | -€34 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €107,140 | €40,028 | -€67,112 | -62.6% |
| Income taxes | 67/77 | €30,990 | €14,221 | -€16,769 | -54.1% |
| Profit (loss) for the period | 9904 | €76,150 | €25,807 | -€50,343 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,150 | €25,807 | -€50,343 | -66.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.