Bel.Farm.E: 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.Farm.E
Largest movements
- Receivables within one year +€48,650
up €48,650 (+162.2%), from €30,000 to €78,650
- Equity +€38,498
up €38,498 (+8.6%), from €445,272 to €483,770
of which Reserves: +€38,498
- Gross operating margin +€4,923
up €4,923 (+5.5%), from €88,968 to €93,891
- Taxes +€1,142
up €1,142 (+7.3%), from €15,573 to €16,714
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,803,723 | €2,838,585 | +€34,862 | +1.2% |
| Fixed assets | 21/28 | €2,733,500 | €2,733,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,733,500 | €2,733,500 | = | 0.0% |
| Current assets | 29/58 | €70,223 | €105,085 | +€34,862 | +49.6% |
| Amounts receivable within one year | 40/41 | €30,000 | €78,650 | +€48,650 | +162.2% |
| Cash at bank and in hand | 54/58 | €40,223 | €26,435 | -€13,788 | -34.3% |
| Total equity and liabilities | 10/49 | €2,803,723 | €2,838,585 | +€34,862 | +1.2% |
| Equity | 10/15 | €445,272 | €483,770 | +€38,498 | +8.6% |
| Contributions | 10/11 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €395,272 | €433,770 | +€38,498 | +9.7% |
| Amounts payable | 17/49 | €2,358,451 | €2,354,814 | -€3,636 | -0.2% |
| Amounts payable after more than one year | 17 | €2,082,143 | €2,039,286 | -€42,857 | -2.1% |
| Amounts payable within one year | 42/48 | €231,975 | €240,738 | +€8,763 | +3.8% |
| Trade debts | 44 | €513 | €507 | -€6 | -1.1% |
| Gross operating margin | 9900 | €88,968 | €93,891 | +€4,923 | +5.5% |
| Operating profit (loss) | 9901 | €87,993 | €93,782 | +€5,789 | +6.6% |
| Recurring financial charges | 65 | €38,676 | €38,570 | -€107 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €49,316 | €55,212 | +€5,896 | +12.0% |
| Income taxes | 67/77 | €15,573 | €16,714 | +€1,142 | +7.3% |
| Profit (loss) for the period | 9904 | €33,744 | €38,498 | +€4,754 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,744 | €38,498 | +€4,754 | +14.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2019 and 30 September 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.