Relocation Belgium: what changed
What changed
Relocation Belgium
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
€266,495
2024 · €238,360+€28,135
Equity
€1.3m
2024 · €1.2m+€147,235
Cash
€667,602
2024 · €586,396+€81,206
Balance sheet total
€2.4m
2024 · €2.3m+€129,151
Largest movements
Assets
- Cash +€81,206
up €81,206 (+13.8%), from €586,396 to €667,602
mainly Net result for the year (+€266,495) and Depreciation (+€86,865)
- Tangible fixed assets +€50,013
up €50,013 (+3.6%), from €1.4m to €1.4m
of which Land and buildings: +€44,360
Equity and liabilities
- Reserves +€147,235
up €147,235 (+12.7%), from €1.2m to €1.3m
- Debts after one year -€52,906
down €52,906 (-5.8%), from €911,593 to €858,687
of which Financial debts: -€52,906
Income statement
- Gross operating margin +€54,227
up €54,227 (+6.9%), from €784,502 to €838,729
- Write-downs -€40,320
down €40,320, from €20,160 to -€20,160
- Staff costs +€29,352
up €29,352 (+9.8%), from €298,534 to €327,885
- Other operating charges +€15,273
up €15,273 (+97.1%), from €15,724 to €30,997
- Taxes +€10,742
up €10,742 (+9.5%), from €113,651 to €124,394
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
€238,360
Gross operating margin
+€54,227
Staff costs
-€29,352
Depreciation
-€9,946
Write-downs
+€40,320
Other operating charges
-€15,273
Other operating items
-€500
Financial income
-€2,863
Financial charges
+€2,265
Taxes
-€10,742
Result 2025
€266,495
raises the resultlowers the resultnot broken down further in the accounts
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
+€389,539
Investment
-€134,600
Financing
-€173,733
Cash 2024
€586,396
From operations (derived)
+€389,539
Net result for the year
+€266,495
Depreciation
+€86,865
Receivables after one year
+€6,814
Stocks and contracts
-€4,371
Receivables within one year
+€2,047
Deferred charges and accrued income
-€4,701
Trade debts
+€16,332
Tax, wage and social debts
+€2,592
Other debts
+€17,466
Investment (derived)
-€134,600
Investment in fixed assets (net)
-€134,600
Financing
-€173,733
Debts after one year
-€52,906
Current portion of long-term debt
-€1,949
Short-term financial debts
+€383
Contributions, distributions and other
-€119,260
Cash 2025
€667,602
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,300,315 | €2,429,467 | +€129,151 | +5.6% |
| Fixed assets | 21/28 | €1,385,702 | €1,433,438 | +€47,735 | +3.4% |
| Intangible fixed assets | 21 | €995 | €702 | -€293 | -29.4% |
| Tangible fixed assets | 22/27 | €1,381,947 | €1,431,960 | +€50,013 | +3.6% |
| Land and buildings | 22 | €1,347,169 | €1,391,528 | +€44,360 | +3.3% |
| Plant, machinery and equipment | 23 | €7,613 | €9,379 | +€1,766 | +23.2% |
| Furniture and vehicles | 24 | €27,165 | €31,053 | +€3,888 | +14.3% |
| Financial fixed assets | 28 | €2,760 | €775 | -€1,985 | -71.9% |
| Current assets | 29/58 | €914,613 | €996,029 | +€81,416 | +8.9% |
| Amounts receivable after more than one year | 29 | €129,947 | €123,133 | -€6,814 | -5.2% |
| Other amounts receivable | 291 | €129,947 | €123,133 | -€6,814 | -5.2% |
| Stocks and contracts in progress | 3 | €77,924 | €82,295 | +€4,371 | +5.6% |
| Stocks | 30/36 | €77,924 | €82,295 | +€4,371 | +5.6% |
| Amounts receivable within one year | 40/41 | €114,399 | €112,351 | -€2,047 | -1.8% |
| Trade receivables | 40 | €107,102 | €105,201 | -€1,901 | -1.8% |
| Other amounts receivable | 41 | €7,297 | €7,150 | -€146 | -2.0% |
| Cash at bank and in hand | 54/58 | €586,396 | €667,602 | +€81,206 | +13.8% |
| Deferred charges and accrued income | 490/1 | €5,947 | €10,648 | +€4,701 | +79.0% |
| Total equity and liabilities | 10/49 | €2,300,315 | €2,429,467 | +€129,151 | +5.6% |
| Equity | 10/15 | €1,179,665 | €1,326,900 | +€147,235 | +12.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,161,115 | €1,308,350 | +€147,235 | +12.7% |
| Distributable reserves | 133 | €1,161,115 | €1,308,350 | +€147,235 | +12.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,120,650 | €1,102,567 | -€18,083 | -1.6% |
| Amounts payable after more than one year | 17 | €911,593 | €858,687 | -€52,906 | -5.8% |
| Financial debts | 170/4 | €909,931 | €857,025 | -€52,906 | -5.8% |
| Other amounts payable | 178/9 | €1,662 | €1,662 | = | 0.0% |
| Amounts payable within one year | 42/48 | €209,057 | €243,880 | +€34,823 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €54,856 | €52,906 | -€1,949 | -3.6% |
| Financial debts | 43 | €291 | €673 | +€383 | +132% |
| Credit institutions | 430/8 | €291 | €673 | +€383 | +132% |
| Trade debts | 44 | €45,818 | €62,150 | +€16,332 | +35.6% |
| Suppliers | 440/4 | €45,818 | €62,150 | +€16,332 | +35.6% |
| Taxes, remuneration and social security | 45 | €107,667 | €110,259 | +€2,592 | +2.4% |
| Taxes | 450/3 | €68,802 | €64,598 | -€4,204 | -6.1% |
| Remuneration and social security | 454/9 | €38,866 | €45,661 | +€6,795 | +17.5% |
| Other amounts payable | 47/48 | €426 | €17,892 | +€17,466 | +4,100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €298,534 | €327,885 | +€29,352 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,918 | €86,865 | +€9,946 | +12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,160 | -€20,160 | -€40,320 | |
| Other operating charges | 640/8 | €15,724 | €30,997 | +€15,273 | +97.1% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €784,502 | €838,729 | +€54,227 | +6.9% |
| Operating profit (loss) | 9901 | €373,167 | €412,643 | +€39,476 | +10.6% |
| Financial income | 75/76B | €9,066 | €6,203 | -€2,863 | -31.6% |
| Recurring financial income | 75 | €8,316 | €6,203 | -€2,113 | -25.4% |
| Non-recurring financial income | 76B | €750 | - | -€750 | |
| Financial charges | 65/66B | €30,222 | €27,957 | -€2,265 | -7.5% |
| Recurring financial charges | 65 | €30,222 | €27,957 | -€2,265 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €352,011 | €390,889 | +€38,877 | +11.0% |
| Income taxes | 67/77 | €113,651 | €124,394 | +€10,742 | +9.5% |
| Profit (loss) for the period | 9904 | €238,360 | €266,495 | +€28,135 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €238,360 | €266,495 | +€28,135 | +11.8% |
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 7 November 2026 via checked.be.