BEL CAKE: what changed
Two fiscal 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 CAKE
Largest movements
- Cash +€28,365
up €28,365 (+811.5%), from €3,495 to €31,860
mainly Trade debts (+€28,069) and Tax, wage and social debts (+€15,190)
- Tangible fixed assets +€21,077
up €21,077 (+144.2%), from €14,619 to €35,696
- Receivables within one year +€6,964
new in 2024: €6,964
of which Other amounts receivable: +€4,752
- Intangible fixed assets -€4,001
down €4,001 (-11.2%), from €35,675 to €31,674
- Deferred charges and accrued income -€2,108
no longer reported in 2024 (was €2,108)
- Trade debts +€28,069
up €28,069 (+373.8%), from €7,509 to €35,578
- Tax, wage and social debts +€15,190
up €15,190 (+87.5%), from €17,361 to €32,551
of which Taxes: +€13,818
- Profit (loss) carried forward +€5,283
up €5,283 (+24.0%), from €22,058 to €27,341
- Other debts +€1,637
up €1,637 (+9.2%), from €17,786 to €19,423
- Staff costs +€57,352
up €57,352 (+114.4%), from €50,139 to €107,491
- Gross operating margin +€51,517
up €51,517 (+59.9%), from €86,008 to €137,525
- Depreciation +€6,420
up €6,420 (+100.0%), from €6,423 to €12,843
- Other operating charges +€6,218
up €6,218 (+311.3%), from €1,998 to €8,216
- Financial income +€3,372
up €3,372 (+150.7%), from €2,238 to €5,610
of which Financial income: +€3,372
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.
Cash bridge derived
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 | €64,715 | €114,894 | +€50,179 | +77.5% |
| Fixed assets | 21/28 | €57,495 | €74,570 | +€17,076 | +29.7% |
| Intangible fixed assets | 21 | €35,675 | €31,674 | -€4,001 | -11.2% |
| Tangible fixed assets | 22/27 | €14,619 | €35,696 | +€21,077 | +144.2% |
| Furniture and vehicles | 24 | €14,619 | €35,696 | +€21,077 | +144.2% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €7,220 | €40,324 | +€33,103 | +458.5% |
| Stocks and contracts in progress | 3 | €1,617 | €1,500 | -€118 | -7.3% |
| Stocks | 30/36 | €1,617 | €1,500 | -€118 | -7.3% |
| Amounts receivable within one year | 40/41 | - | €6,964 | +€6,964 | |
| Trade receivables | 40 | - | €2,212 | +€2,212 | |
| Other amounts receivable | 41 | - | €4,752 | +€4,752 | |
| Cash at bank and in hand | 54/58 | €3,495 | €31,860 | +€28,365 | +811.5% |
| Deferred charges and accrued income | 490/1 | €2,108 | - | -€2,108 | |
| Total equity and liabilities | 10/49 | €64,715 | €114,894 | +€50,179 | +77.5% |
| Equity | 10/15 | €22,058 | €27,341 | +€5,283 | +24.0% |
| Profit (loss) carried forward | 14 | €22,058 | €27,341 | +€5,283 | +24.0% |
| Amounts payable | 17/49 | €42,657 | €87,553 | +€44,895 | +105.2% |
| Amounts payable within one year | 42/48 | €42,657 | €87,553 | +€44,895 | +105.2% |
| Trade debts | 44 | €7,509 | €35,578 | +€28,069 | +373.8% |
| Suppliers | 440/4 | €7,509 | €35,578 | +€28,069 | +373.8% |
| Taxes, remuneration and social security | 45 | €17,361 | €32,551 | +€15,190 | +87.5% |
| Taxes | 450/3 | €7,645 | €21,462 | +€13,818 | +180.7% |
| Remuneration and social security | 454/9 | €9,717 | €11,089 | +€1,372 | +14.1% |
| Other amounts payable | 47/48 | €17,786 | €19,423 | +€1,637 | +9.2% |
| Remuneration, social security and pensions | 62 | €50,139 | €107,491 | +€57,352 | +114.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,423 | €12,843 | +€6,420 | +100.0% |
| Other operating charges | 640/8 | €1,998 | €8,216 | +€6,218 | +311.3% |
| Gross operating margin | 9900 | €86,008 | €137,525 | +€51,517 | +59.9% |
| Operating profit (loss) | 9901 | €27,449 | €8,976 | -€18,473 | -67.3% |
| Financial income | 75/76B | €2,238 | €5,610 | +€3,372 | +150.7% |
| Recurring financial income | 75 | €2,238 | €5,610 | +€3,372 | +150.7% |
| Non-recurring financial income | 76B | €2,238 | €5,610 | +€3,372 | +150.7% |
| Financial charges | 65/66B | €1,437 | €3,721 | +€2,285 | +159.0% |
| Recurring financial charges | 65 | €1,437 | €3,721 | +€2,285 | +159.0% |
| Profit (loss) for the period before taxes | 9903 | €28,250 | €10,865 | -€17,386 | -61.5% |
| Income taxes | 67/77 | €6,192 | €5,581 | -€611 | -9.9% |
| Profit (loss) for the period | 9904 | €22,058 | €5,283 | -€16,775 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,058 | €5,283 | -€16,775 | -76.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.