LE BELGICA: what changed
What changed
LE BELGICA
NACE 56.301, Cafés and bars
filed annual accounts (NBB)
Net result for the year
€51,529
2024 · €28,534+€22,995
Equity
€42,633
2024 · €46,630-€3,997
Cash
€110,783
2024 · €64,570+€46,213
Balance sheet total
€177,836
2024 · €119,397+€58,439
Largest movements
Assets
- Cash +€46,213
up €46,213 (+71.6%), from €64,570 to €110,783
mainly Net result for the year (+€51,529) and Other debts (+€47,790)
- Receivables within one year +€10,820
up €10,820 (+79.0%), from €13,698 to €24,518
of which Trade receivables: +€10,820
Equity and liabilities
- Other debts +€47,790
up €47,790 (+2,757%), from €1,733 to €49,523
- Trade debts +€30,566
up €30,566 (+287%), from €10,656 to €41,223
- Profit (loss) carried forward -€28,534
no longer reported in 2025 (was €28,534)
- Reserves +€24,538
up €24,538 (+206%), from €11,896 to €36,433
of which Distributable reserves: +€24,538
- Current portion of long-term debt -€7,994
no longer reported in 2025 (was €7,994)
Income statement
- Gross operating margin +€39,984
up €39,984 (+15.4%), from €258,820 to €298,804
- Taxes +€11,870
up €11,870 (+120%), from €9,919 to €21,788
- Staff costs +€4,753
up €4,753 (+2.3%), from €203,039 to €207,792
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.
Result 2024
€28,534
Gross operating margin
+€39,984
Staff costs
-€4,753
Depreciation
-€818
Other operating charges
+€908
Financial income
-€5
Financial charges
-€451
Taxes
-€11,870
Result 2025
€51,529
raises the resultlowers the result
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.
From operations
+€120,467
Investment
-€10,734
Financing
-€63,520
Cash 2024
€64,570
From operations (derived)
+€120,467
Net result for the year
+€51,529
Depreciation
+€9,636
Stocks and contracts
+€459
Receivables within one year
-€10,820
Deferred charges and accrued income
-€767
Trade debts
+€30,566
Tax, wage and social debts
-€7,926
Other debts
+€47,790
Investment (derived)
-€10,734
Investment in fixed assets (net)
-€10,734
Financing
-€63,520
Current portion of long-term debt
-€7,994
Contributions, distributions and other
-€55,526
Cash 2025
€110,783
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,397 | €177,836 | +€58,439 | +48.9% |
| Fixed assets | 21/28 | €32,737 | €33,835 | +€1,098 | +3.4% |
| Tangible fixed assets | 22/27 | €31,135 | €32,234 | +€1,098 | +3.5% |
| Plant, machinery and equipment | 23 | €31,135 | €29,294 | -€1,842 | -5.9% |
| Furniture and vehicles | 24 | - | €2,940 | +€2,940 | |
| Financial fixed assets | 28 | €1,601 | €1,601 | = | 0.0% |
| Current assets | 29/58 | €86,661 | €144,001 | +€57,341 | +66.2% |
| Stocks and contracts in progress | 3 | €7,157 | €6,697 | -€459 | -6.4% |
| Stocks | 30/36 | €7,157 | €6,697 | -€459 | -6.4% |
| Amounts receivable within one year | 40/41 | €13,698 | €24,518 | +€10,820 | +79.0% |
| Trade receivables | 40 | €6,570 | €17,390 | +€10,820 | +165% |
| Other amounts receivable | 41 | €7,128 | €7,128 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,570 | €110,783 | +€46,213 | +71.6% |
| Deferred charges and accrued income | 490/1 | €1,236 | €2,003 | +€767 | +62.1% |
| Total equity and liabilities | 10/49 | €119,397 | €177,836 | +€58,439 | +48.9% |
| Equity | 10/15 | €46,630 | €42,633 | -€3,997 | -8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,896 | €36,433 | +€24,538 | +206% |
| Non-distributable reserves | 130/1 | €10,036 | €10,036 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,036 | €10,036 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €26,398 | +€24,538 | +1,319% |
| Profit (loss) carried forward | 14 | €28,534 | - | -€28,534 | |
| Amounts payable | 17/49 | €72,767 | €135,203 | +€62,436 | +85.8% |
| Amounts payable within one year | 42/48 | €72,767 | €135,203 | +€62,436 | +85.8% |
| Current portion of amounts payable after more than one year | 42 | €7,994 | - | -€7,994 | |
| Trade debts | 44 | €10,656 | €41,223 | +€30,566 | +287% |
| Suppliers | 440/4 | €10,656 | €41,223 | +€30,566 | +287% |
| Taxes, remuneration and social security | 45 | €52,384 | €44,457 | -€7,926 | -15.1% |
| Taxes | 450/3 | €26,005 | €23,104 | -€2,901 | -11.2% |
| Remuneration and social security | 454/9 | €26,379 | €21,354 | -€5,025 | -19.1% |
| Other amounts payable | 47/48 | €1,733 | €49,523 | +€47,790 | +2,757% |
| Remuneration, social security and pensions | 62 | €203,039 | €207,792 | +€4,753 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,818 | €9,636 | +€818 | +9.3% |
| Other operating charges | 640/8 | €1,602 | €693 | -€908 | -56.7% |
| Gross operating margin | 9900 | €258,820 | €298,804 | +€39,984 | +15.4% |
| Operating profit (loss) | 9901 | €45,361 | €80,681 | +€35,320 | +77.9% |
| Financial income | 75/76B | €228 | €223 | -€5 | -2.1% |
| Recurring financial income | 75 | €228 | €223 | -€5 | -2.1% |
| Financial charges | 65/66B | €7,136 | €7,587 | +€451 | +6.3% |
| Recurring financial charges | 65 | €7,136 | €7,587 | +€451 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €38,453 | €73,317 | +€34,864 | +90.7% |
| Income taxes | 67/77 | €9,919 | €21,788 | +€11,870 | +120% |
| Profit (loss) for the period | 9904 | €28,534 | €51,529 | +€22,995 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,534 | €51,529 | +€22,995 | +80.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.