US BELGIUM: 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.
US BELGIUM
Largest movements
- Cash +€25,893
up €25,893 (+42.9%), from €60,296 to €86,189
mainly Net result for the year (+€19,044) and Short-term financial debts (+€3,993)
- Reserves +€19,000
new in 2025: €19,000
- Short-term financial debts +€3,993
up €3,993 (+2.4%), from €164,157 to €168,150
- Tax, wage and social debts +€2,511
new in 2025: €2,511
- Purchases and services -€9,478
down €9,478 (-44.5%), from €21,300 to €11,823
- Gross operating margin +€4,878
up €4,878 (+19.7%), from €24,769 to €29,646
- Turnover -€4,600
down €4,600 (-10.0%), from €46,069 to €41,469
- Taxes +€2,511
new in 2025: €2,511
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 | €105,276 | €130,824 | +€25,548 | +24.3% |
| Fixed assets | 21/28 | €44,979 | €44,634 | -€345 | -0.8% |
| Tangible fixed assets | 22/27 | €44,979 | €44,634 | -€345 | -0.8% |
| Land and buildings | 22 | €43,261 | €43,261 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,718 | €1,373 | -€345 | -20.1% |
| Current assets | 29/58 | €60,296 | €86,189 | +€25,893 | +42.9% |
| Cash at bank and in hand | 54/58 | €60,296 | €86,189 | +€25,893 | +42.9% |
| Total equity and liabilities | 10/49 | €105,276 | €130,824 | +€25,548 | +24.3% |
| Equity | 10/15 | -€58,881 | -€39,838 | +€19,044 | +32.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | - | €19,000 | +€19,000 | |
| Non-distributable reserves | 130/1 | - | €19,000 | +€19,000 | |
| Legal reserve | 130 | - | €19,000 | +€19,000 | |
| Profit (loss) carried forward | 14 | -€89,868 | -€89,824 | +€44 | 0.0% |
| Amounts payable | 17/49 | €164,157 | €170,661 | +€6,504 | +4.0% |
| Amounts payable within one year | 42/48 | €164,157 | €170,661 | +€6,504 | +4.0% |
| Financial debts | 43 | €164,157 | €168,150 | +€3,993 | +2.4% |
| Credit institutions | 430/8 | €164,157 | €168,150 | +€3,993 | +2.4% |
| Taxes, remuneration and social security | 45 | - | €2,511 | +€2,511 | |
| Taxes | 450/3 | - | €2,511 | +€2,511 | |
| Turnover | 70 | €46,069 | €41,469 | -€4,600 | -10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €21,300 | €11,823 | -€9,478 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5 | €345 | +€339 | +6202.0% |
| Other operating charges | 640/8 | €7,428 | €7,609 | +€181 | +2.4% |
| Gross operating margin | 9900 | €24,769 | €29,646 | +€4,878 | +19.7% |
| Operating profit (loss) | 9901 | €17,335 | €21,693 | +€4,357 | +25.1% |
| Financial charges | 65/66B | €125 | €137 | +€12 | +9.9% |
| Recurring financial charges | 65 | €125 | €137 | +€12 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €17,210 | €21,555 | +€4,345 | +25.2% |
| Income taxes | 67/77 | - | €2,511 | +€2,511 | |
| Profit (loss) for the period | 9904 | €17,210 | €19,044 | +€1,834 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,210 | €19,044 | +€1,834 | +10.7% |
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 12 October 2026 via checked.be.