van Bellegem: 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.
van Bellegem
Largest movements
- Current investments +€10,000
new in 2025: €10,000
- Tangible fixed assets -€7,806
down €7,806 (-49.5%), from €15,776 to €7,970
- Receivables within one year +€5,301
up €5,301 (+76.2%), from €6,959 to €12,261
- Cash +€2,430
up €2,430 (+6.2%), from €39,385 to €41,815
mainly Other debts (+€33,899) and Net result for the year (+€15,688)
- Other debts +€33,899
up €33,899 (+325%), from €10,441 to €44,340
- Reserves -€19,312
down €19,312 (-81.8%), from €23,622 to €4,310
- Current portion of long-term debt -€4,802
down €4,802 (-74.6%), from €6,435 to €1,633
- Tax, wage and social debts +€3,632
up €3,632 (+43.2%), from €8,399 to €12,030
- Debts after one year -€1,633
down €1,633 (-100%), from €1,633 to €0
- Gross operating margin +€8,194
up €8,194 (+35.7%), from €22,962 to €31,156
- Taxes +€2,887
up €2,887 (+81.2%), from €3,555 to €6,442
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.
Derived cash bridge
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 | €62,121 | €72,313 | +€10,192 | +16.4% |
| Fixed assets | 21/28 | €15,776 | €7,970 | -€7,806 | -49.5% |
| Tangible fixed assets | 22/27 | €15,776 | €7,970 | -€7,806 | -49.5% |
| Furniture and vehicles | 24 | €15,776 | €7,970 | -€7,806 | -49.5% |
| Current assets | 29/58 | €46,345 | €64,343 | +€17,998 | +38.8% |
| Amounts receivable within one year | 40/41 | €6,959 | €12,261 | +€5,301 | +76.2% |
| Trade receivables | 40 | €6,959 | €12,261 | +€5,301 | +76.2% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €39,385 | €41,815 | +€2,430 | +6.2% |
| Deferred charges and accrued income | 490/1 | €0 | €267 | +€267 | |
| Total equity and liabilities | 10/49 | €62,121 | €72,313 | +€10,192 | +16.4% |
| Equity | 10/15 | €33,622 | €14,310 | -€19,312 | -57.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €23,622 | €4,310 | -€19,312 | -81.8% |
| Distributable reserves | 133 | €23,622 | €4,310 | -€19,312 | -81.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,499 | €58,002 | +€29,503 | +104% |
| Amounts payable after more than one year | 17 | €1,633 | €0 | -€1,633 | -100% |
| Financial debts | 170/4 | €1,633 | €0 | -€1,633 | -100% |
| Amounts payable within one year | 42/48 | €25,632 | €58,002 | +€32,370 | +126% |
| Current portion of amounts payable after more than one year | 42 | €6,435 | €1,633 | -€4,802 | -74.6% |
| Trade debts | 44 | €358 | €0 | -€358 | -100% |
| Suppliers | 440/4 | €358 | €0 | -€358 | -100% |
| Taxes, remuneration and social security | 45 | €8,399 | €12,030 | +€3,632 | +43.2% |
| Taxes | 450/3 | €8,399 | €12,030 | +€3,632 | +43.2% |
| Other amounts payable | 47/48 | €10,441 | €44,340 | +€33,899 | +325% |
| Accrued charges and deferred income | 492/3 | €1,234 | €0 | -€1,234 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,806 | €7,806 | = | 0.0% |
| Other operating charges | 640/8 | €1,151 | €1,219 | +€68 | +5.9% |
| Gross operating margin | 9900 | €22,962 | €31,156 | +€8,194 | +35.7% |
| Operating profit (loss) | 9901 | €14,005 | €22,131 | +€8,126 | +58.0% |
| Financial income | 75/76B | €33 | €202 | +€169 | +517% |
| Recurring financial income | 75 | €33 | €202 | +€169 | +517% |
| Financial charges | 65/66B | €390 | €202 | -€188 | -48.1% |
| Recurring financial charges | 65 | €390 | €202 | -€188 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €13,647 | €22,130 | +€8,483 | +62.2% |
| Income taxes | 67/77 | €3,555 | €6,442 | +€2,887 | +81.2% |
| Profit (loss) for the period | 9904 | €10,093 | €15,688 | +€5,596 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,093 | €15,688 | +€5,596 | +55.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.