WORKING IN BELGIUM: what changed
WORKING IN BELGIUM
Largest movements
- Tangible fixed assets -€30,530
down €30,530 (-58.8%), from €51,921 to €21,391
of which Land and buildings: -€20,592
- Receivables within one year +€24,053
new in 2025: €24,053
of which Trade receivables: +€20,592
- Cash -€1,068
down €1,068 (-47.1%), from €2,268 to €1,199
mainly Net result for the year (-€39,685) and Receivables within one year (-€24,053)
- Other debts +€40,603
up €40,603 (+116%), from €34,935 to €75,538
- Profit (loss) carried forward -€39,685
down €39,685 (-182%), from -€21,752 to -€61,437
- Trade debts -€7,098
down €7,098 (-85.1%), from €8,338 to €1,240
- Tax, wage and social debts -€1,514
down €1,514 (-63.5%), from €2,383 to €869
- Gross operating margin +€28,301
up €28,301, from -€17,750 to €10,551
- Financial income -€8,518
no longer reported in 2025 (was €8,518)
- Depreciation -€2,474
down €2,474 (-19.9%), from €12,412 to €9,938
- Other operating charges +€1,181
up €1,181 (+75.1%), from €1,573 to €2,755
- Financial charges -€376
down €376 (-82.4%), from €457 to €80
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 | €54,338 | €46,644 | -€7,694 | -14.2% |
| Fixed assets | 21/28 | €51,921 | €21,391 | -€30,530 | -58.8% |
| Tangible fixed assets | 22/27 | €51,921 | €21,391 | -€30,530 | -58.8% |
| Land and buildings | 22 | €20,592 | - | -€20,592 | |
| Furniture and vehicles | 24 | €29,929 | €19,991 | -€9,938 | -33.2% |
| Other tangible fixed assets | 26 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €2,417 | €25,252 | +€22,835 | +945% |
| Amounts receivable within one year | 40/41 | - | €24,053 | +€24,053 | |
| Trade receivables | 40 | - | €20,592 | +€20,592 | |
| Other amounts receivable | 41 | - | €3,461 | +€3,461 | |
| Cash at bank and in hand | 54/58 | €2,268 | €1,199 | -€1,068 | -47.1% |
| Deferred charges and accrued income | 490/1 | €149 | - | -€149 | |
| Total equity and liabilities | 10/49 | €54,338 | €46,644 | -€7,694 | -14.2% |
| Equity | 10/15 | €8,683 | -€31,002 | -€39,685 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €18,035 | €18,035 | = | 0.0% |
| Distributable reserves | 133 | €18,035 | €18,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,752 | -€61,437 | -€39,685 | -182% |
| Amounts payable | 17/49 | €45,655 | €77,646 | +€31,991 | +70.1% |
| Amounts payable within one year | 42/48 | €45,655 | €77,646 | +€31,991 | +70.1% |
| Trade debts | 44 | €8,338 | €1,240 | -€7,098 | -85.1% |
| Suppliers | 440/4 | €8,338 | €1,240 | -€7,098 | -85.1% |
| Taxes, remuneration and social security | 45 | €2,383 | €869 | -€1,514 | -63.5% |
| Taxes | 450/3 | €2,383 | €869 | -€1,514 | -63.5% |
| Other amounts payable | 47/48 | €34,935 | €75,538 | +€40,603 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,412 | €9,938 | -€2,474 | -19.9% |
| Other operating charges | 640/8 | €1,573 | €2,755 | +€1,181 | +75.1% |
| Non-recurring operating charges | 66A | - | €37,192 | +€37,192 | |
| Gross operating margin | 9900 | -€17,750 | €10,551 | +€28,301 | |
| Operating profit (loss) | 9901 | -€31,735 | -€39,333 | -€7,598 | -23.9% |
| Financial income | 75/76B | €8,518 | - | -€8,518 | |
| Recurring financial income | 75 | €8,518 | - | -€8,518 | |
| Financial charges | 65/66B | €457 | €80 | -€376 | -82.4% |
| Recurring financial charges | 65 | €457 | €80 | -€376 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,674 | -€39,413 | -€15,739 | -66.5% |
| Income taxes | 67/77 | €227 | €272 | +€44 | +19.5% |
| Profit (loss) for the period | 9904 | -€23,901 | -€39,685 | -€15,784 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,901 | -€39,685 | -€15,784 | -66.0% |
Next steps
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 1 November 2026 via checked.be.