BEL A VENTURE: 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.
What changed
BEL A VENTURE
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€132.7m
2023 · €1.7m+€131.0m
Equity
€133.3m
2023 · €56.6m+€76.7m
Cash
€53,583
2023 · €720,435-€666,852
Balance sheet total
€144.5m
2023 · €67.0m+€77.5m
Largest movements
Assets
- Financial fixed assets +€92.8m
up €92.8m (+236%), from €39.4m to €132.1m
of which Affiliated companies: +€93.4m
- Current investments -€14.9m
down €14.9m (-91.7%), from €16.3m to €1.3m
- Receivables after one year +€5.0m
new in 2024: €5.0m
- Receivables within one year -€4.7m
down €4.7m (-44.1%), from €10.6m to €5.9m
of which Other amounts receivable: -€4.7m
Equity and liabilities
- Profit (loss) carried forward +€132.7m
up €132.7m, from -€12.7m to €120.0m
- Contributions -€56.0m
down €56.0m (-80.8%), from €69.3m to €13.3m
Income statement
- Financial income +€132.3m
up €132.3m (+7,011%), from €1.9m to €134.2m
of which Financial income: +€132.3m
- Financial charges +€689,941
up €689,941 (+445%), from €154,996 to €844,937
of which Financial charges: +€642,829
- Services and other goods +€373,757
up €373,757 (+140%), from €267,666 to €641,423
- Other operating charges +€153,689
up €153,689 (+554%), from €27,739 to €181,429
- Taxes +€69,916
up €69,916 (+382%), from €18,323 to €88,239
From the 2023 result to the 2024 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.
Result 2023
€1.7m
Turnover
+€4,768
Other operating income
+€148
Services and other goods
-€373,757
Staff costs
-€1,418
Depreciation
+€132
Other operating charges
-€153,689
Other operating items
-€3,000
Financial income
+€132.3m
Financial charges
-€689,941
Taxes
-€69,916
Result 2024
€132.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€133.2m
Investment
-€77.8m
Financing
-€56.0m
Cash 2023
€720,435
From operations (derived)
+€133.2m
Net result for the year
+€132.7m
Depreciation
+€2,134
Receivables after one year
-€5.0m
Receivables within one year
+€4.7m
Smaller working-capital items
+€288,523
Other debts
+€528,587
Investment (derived)
-€77.8m
Investment in fixed assets (net)
-€92.8m
Current investments
+€14.9m
Financing
-€56.0m
Debts after one year
-€5,856
Contributions, distributions and other
-€56.0m
Cash 2024
€53,583
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,007,327 | €144,522,236 | +€77.5m | +116% |
| Fixed assets | 21/28 | €39,362,712 | €132,134,352 | +€92.8m | +236% |
| Tangible fixed assets | 22/27 | €3,500 | €1,366 | -€2,134 | -61.0% |
| Furniture and vehicles | 24 | €3,500 | €1,366 | -€2,134 | -61.0% |
| Financial fixed assets | 28 | €39,359,211 | €132,132,985 | +€92.8m | +236% |
| Affiliated companies | 280/1 | €38,225,836 | €131,593,427 | +€93.4m | +244% |
| Participating interests | 280 | €25,228,503 | €118,135,450 | +€92.9m | +368% |
| Amounts receivable | 281 | €12,997,333 | €13,457,977 | +€460,644 | +3.5% |
| Companies linked by participating interests | 282/3 | €1,133,375 | €539,558 | -€593,817 | -52.4% |
| Participating interests | 282 | €403,875 | €469,390 | +€65,515 | +16.2% |
| Amounts receivable | 283 | €729,500 | €70,168 | -€659,332 | -90.4% |
| Current assets | 29/58 | €27,644,616 | €12,387,884 | -€15.3m | -55.2% |
| Amounts receivable after more than one year | 29 | - | €5,043,893 | +€5.0m | |
| Other amounts receivable | 291 | - | €5,043,893 | +€5.0m | |
| Amounts receivable within one year | 40/41 | €10,635,237 | €5,944,037 | -€4.7m | -44.1% |
| Trade receivables | 40 | €90,278 | €94,119 | +€3,841 | +4.3% |
| Other amounts receivable | 41 | €10,544,960 | €5,849,918 | -€4.7m | -44.5% |
| Current investments | 50/53 | €16,282,738 | €1,344,806 | -€14.9m | -91.7% |
| Other investments | 51/53 | €16,282,738 | €1,344,806 | -€14.9m | -91.7% |
| Cash at bank and in hand | 54/58 | €720,435 | €53,583 | -€666,852 | -92.6% |
| Deferred charges and accrued income | 490/1 | €6,205 | €1,565 | -€4,640 | -74.8% |
| Total equity and liabilities | 10/49 | €67,007,327 | €144,522,236 | +€77.5m | +116% |
| Equity | 10/15 | €56,627,519 | €133,335,813 | +€76.7m | +135% |
| Contributions | 10/11 | €69,288,876 | €13,288,876 | -€56.0m | -80.8% |
| Profit (loss) carried forward | 14 | -€12,661,357 | €120,046,937 | +€132.7m | |
| Amounts payable | 17/49 | €10,379,809 | €11,186,423 | +€806,614 | +7.8% |
| Amounts payable after more than one year | 17 | €3,437,662 | €3,431,806 | -€5,856 | -0.2% |
| Financial debts | 170/4 | €2,000,000 | €2,000,000 | = | 0.0% |
| Credit institutions | 173 | €500,000 | €500,000 | = | 0.0% |
| Other loans | 174 | €1,500,000 | €1,500,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,437,662 | €1,431,806 | -€5,856 | -0.4% |
| Amounts payable within one year | 42/48 | €6,938,014 | €7,754,038 | +€816,024 | +11.8% |
| Trade debts | 44 | €48,371 | €289,370 | +€241,000 | +498% |
| Suppliers | 440/4 | €48,371 | €289,370 | +€241,000 | +498% |
| Taxes, remuneration and social security | 45 | €38,165 | €84,603 | +€46,438 | +122% |
| Taxes | 450/3 | €26,100 | €65,551 | +€39,451 | +151% |
| Remuneration and social security | 454/9 | €12,065 | €19,052 | +€6,987 | +57.9% |
| Other amounts payable | 47/48 | €6,851,478 | €7,380,065 | +€528,587 | +7.7% |
| Accrued charges and deferred income | 492/3 | €4,133 | €579 | -€3,554 | -86.0% |
| Operating income | 70/76A | €373,921 | €375,837 | +€1,916 | +0.5% |
| Turnover | 70 | €367,139 | €371,907 | +€4,768 | +1.3% |
| Other operating income | 74 | €3,782 | €3,930 | +€148 | +3.9% |
| Non-recurring operating income | 76A | €3,000 | - | -€3,000 | |
| Operating charges | 60/66A | €367,479 | €896,210 | +€528,732 | +144% |
| Services and other goods | 61 | €267,666 | €641,423 | +€373,757 | +140% |
| Remuneration, social security and pensions | 62 | €69,807 | €71,225 | +€1,418 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,266 | €2,134 | -€132 | -5.8% |
| Other operating charges | 640/8 | €27,739 | €181,429 | +€153,689 | +554% |
| Operating profit (loss) | 9901 | €6,443 | -€520,373 | -€526,816 | |
| Financial income | 75/76B | €1,886,746 | €134,161,845 | +€132.3m | +7,011% |
| Recurring financial income | 75 | €1,886,746 | €134,161,718 | +€132.3m | +7,011% |
| Income from financial fixed assets | 750 | €376,727 | €130,335,862 | +€130.0m | +34,497% |
| Income from current assets | 751 | €870,317 | €1,475,275 | +€604,958 | +69.5% |
| Other financial income | 752/9 | €639,702 | €2,350,581 | +€1.7m | +267% |
| Non-recurring financial income | 76B | - | €127 | +€127 | |
| Financial charges | 65/66B | €154,996 | €844,937 | +€689,941 | +445% |
| Recurring financial charges | 65 | €154,996 | €797,825 | +€642,829 | +415% |
| Debt charges | 650 | €51,626 | €239,363 | +€187,737 | +364% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€599,694 | -€2,327,814 | -€1.7m | -288% |
| Other financial charges | 652/9 | €703,064 | €2,886,276 | +€2.2m | +311% |
| Non-recurring financial charges | 66B | - | €47,112 | +€47,112 | |
| Profit (loss) for the period before taxes | 9903 | €1,738,193 | €132,796,534 | +€131.1m | +7,540% |
| Income taxes | 67/77 | €18,323 | €88,239 | +€69,916 | +382% |
| Taxes | 670/3 | €18,323 | €88,239 | +€69,916 | +382% |
| Profit (loss) for the period | 9904 | €1,719,870 | €132,708,295 | +€131.0m | +7,616% |
| Profit (loss) for the period to be appropriated | 9905 | €1,719,870 | €132,708,295 | +€131.0m | +7,616% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.