BEL ADORA: 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.
BEL ADORA
Largest movements
- Cash -€35,543
down €35,543 (-32.9%), from €107,972 to €72,428
mainly Receivables within one year (-€31,049) and Tax, wage and social debts (-€14,875)
- Receivables within one year +€31,049
up €31,049 (+173%), from €17,953 to €49,002
of which Other amounts receivable: +€32,541
- Tangible fixed assets -€2,554
down €2,554 (-17.8%), from €14,317 to €11,763
of which Other tangible fixed assets: -€2,174
- Tax, wage and social debts -€14,875
down €14,875 (-61.2%), from €24,289 to €9,414
of which Remuneration and social security: -€7,746
- Reserves +€9,870
up €9,870 (+13.9%), from €70,987 to €80,857
of which Distributable reserves: +€11,730
- Other debts -€7,513
no longer reported in 2024 (was €7,513)
- Trade debts +€4,541
up €4,541 (+30.8%), from €14,765 to €19,306
- Contributions +€1,860
up €1,860 (+10.0%), from €18,600 to €20,460
of which Contributions outside capital: +€20,460
- Staff costs -€26,846
down €26,846 (-72.5%), from €37,014 to €10,169
- Gross operating margin -€25,017
down €25,017 (-43.9%), from €57,030 to €32,013
- Depreciation -€1,543
down €1,543 (-37.7%), from €4,096 to €2,554
- Other operating charges +€768
up €768 (+47.3%), from €1,623 to €2,391
- Financial charges +€731
up €731 (+78.0%), from €938 to €1,669
of which Financial charges: +€921
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,154 | €145,037 | -€6,117 | -4.0% |
| Fixed assets | 21/28 | €22,355 | €19,801 | -€2,554 | -11.4% |
| Tangible fixed assets | 22/27 | €14,317 | €11,763 | -€2,554 | -17.8% |
| Plant, machinery and equipment | 23 | €633 | €253 | -€380 | -60.0% |
| Other tangible fixed assets | 26 | €13,683 | €11,510 | -€2,174 | -15.9% |
| Financial fixed assets | 28 | €8,038 | €8,038 | = | 0.0% |
| Current assets | 29/58 | €128,799 | €125,237 | -€3,563 | -2.8% |
| Stocks and contracts in progress | 3 | €2,875 | €3,807 | +€932 | +32.4% |
| Stocks | 30/36 | €2,875 | €3,807 | +€932 | +32.4% |
| Amounts receivable within one year | 40/41 | €17,953 | €49,002 | +€31,049 | +173% |
| Trade receivables | 40 | €1,492 | - | -€1,492 | |
| Other amounts receivable | 41 | €16,461 | €49,002 | +€32,541 | +198% |
| Cash at bank and in hand | 54/58 | €107,972 | €72,428 | -€35,543 | -32.9% |
| Total equity and liabilities | 10/49 | €151,154 | €145,037 | -€6,117 | -4.0% |
| Equity | 10/15 | €89,587 | €101,317 | +€11,730 | +13.1% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €20,460 | +€20,460 | |
| Other | 1109/19 | - | €20,460 | +€20,460 | |
| Reserves | 13 | €70,987 | €80,857 | +€9,870 | +13.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €69,127 | €80,857 | +€11,730 | +17.0% |
| Amounts payable | 17/49 | €61,567 | €43,720 | -€17,847 | -29.0% |
| Amounts payable within one year | 42/48 | €61,567 | €43,720 | -€17,847 | -29.0% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Other loans | 439 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €14,765 | €19,306 | +€4,541 | +30.8% |
| Suppliers | 440/4 | €14,765 | €19,306 | +€4,541 | +30.8% |
| Taxes, remuneration and social security | 45 | €24,289 | €9,414 | -€14,875 | -61.2% |
| Taxes | 450/3 | €14,462 | €7,333 | -€7,129 | -49.3% |
| Remuneration and social security | 454/9 | €9,827 | €2,081 | -€7,746 | -78.8% |
| Other amounts payable | 47/48 | €7,513 | - | -€7,513 | |
| Non-recurring operating income | 76A | - | €324 | +€324 | |
| Remuneration, social security and pensions | 62 | €37,014 | €10,169 | -€26,846 | -72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,096 | €2,554 | -€1,543 | -37.7% |
| Other operating charges | 640/8 | €1,623 | €2,391 | +€768 | +47.3% |
| Non-recurring operating charges | 66A | €1 | €1 | -€1 | -47.8% |
| Gross operating margin | 9900 | €57,030 | €32,013 | -€25,017 | -43.9% |
| Operating profit (loss) | 9901 | €14,294 | €16,899 | +€2,605 | +18.2% |
| Financial charges | 65/66B | €938 | €1,669 | +€731 | +78.0% |
| Recurring financial charges | 65 | €558 | €1,478 | +€921 | +165% |
| Non-recurring financial charges | 66B | €380 | €190 | -€190 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €13,357 | €15,230 | +€1,874 | +14.0% |
| Income taxes | 67/77 | €2,897 | €3,500 | +€603 | +20.8% |
| Profit (loss) for the period | 9904 | €10,460 | €11,730 | +€1,271 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,460 | €11,730 | +€1,271 | +12.1% |
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 17 October 2026 via checked.be.