BEL SERVICES COMPAGNY: 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 SERVICES COMPAGNY
Largest movements
- Tangible fixed assets -€86,046
down €86,046 (-30.3%), from €283,761 to €197,715
of which Leasing and similar rights: -€74,125
- Receivables within one year -€28,019
down €28,019 (-18.4%), from €152,390 to €124,370
of which Trade receivables: -€58,408
- Cash +€7,110
up €7,110 (+10.7%), from €66,388 to €73,497
mainly Depreciation (+€89,517) and Net result for the year (+€45,383)
- Current portion of long-term debt -€68,126
down €68,126 (-40.1%), from €169,948 to €101,822
- Debts after one year -€58,765
down €58,765 (-68.6%), from €85,627 to €26,862
- Profit (loss) carried forward +€45,383
up €45,383 (+46.9%), from €96,730 to €142,113
- Trade debts -€31,284
down €31,284 (-99.8%), from €31,357 to €73
- Tax, wage and social debts +€5,837
up €5,837 (+6.1%), from €96,126 to €101,963
of which Taxes: +€23,679
- Other operating charges -€74,608
down €74,608 (-94.3%), from €79,118 to €4,510
- Gross operating margin -€38,788
down €38,788 (-6.4%), from €609,615 to €570,827
- Taxes +€7,348
up €7,348 (+68.4%), from €10,750 to €18,098
- Financial charges +€6,533
up €6,533 (+132%), from €4,932 to €11,465
- Staff costs +€6,219
up €6,219 (+1.6%), from €395,636 to €401,855
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 | €557,788 | €450,832 | -€106,955 | -19.2% |
| Fixed assets | 21/28 | €339,011 | €252,965 | -€86,046 | -25.4% |
| Tangible fixed assets | 22/27 | €283,761 | €197,715 | -€86,046 | -30.3% |
| Furniture and vehicles | 24 | €23,635 | €11,714 | -€11,921 | -50.4% |
| Leasing and similar rights | 25 | €260,126 | €186,001 | -€74,125 | -28.5% |
| Financial fixed assets | 28 | €55,250 | €55,250 | = | 0.0% |
| Current assets | 29/58 | €218,777 | €197,868 | -€20,909 | -9.6% |
| Amounts receivable within one year | 40/41 | €152,390 | €124,370 | -€28,019 | -18.4% |
| Trade receivables | 40 | €144,270 | €85,861 | -€58,408 | -40.5% |
| Other amounts receivable | 41 | €8,120 | €38,509 | +€30,389 | +374% |
| Cash at bank and in hand | 54/58 | €66,388 | €73,497 | +€7,110 | +10.7% |
| Total equity and liabilities | 10/49 | €557,788 | €450,832 | -€106,955 | -19.2% |
| Equity | 10/15 | €124,230 | €169,613 | +€45,383 | +36.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,730 | €142,113 | +€45,383 | +46.9% |
| Amounts payable | 17/49 | €433,558 | €281,220 | -€152,338 | -35.1% |
| Amounts payable after more than one year | 17 | €85,627 | €26,862 | -€58,765 | -68.6% |
| Financial debts | 170/4 | €85,627 | €26,862 | -€58,765 | -68.6% |
| Amounts payable within one year | 42/48 | €347,931 | €254,358 | -€93,573 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €169,948 | €101,822 | -€68,126 | -40.1% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €31,357 | €73 | -€31,284 | -99.8% |
| Suppliers | 440/4 | €31,357 | €73 | -€31,284 | -99.8% |
| Taxes, remuneration and social security | 45 | €96,126 | €101,963 | +€5,837 | +6.1% |
| Taxes | 450/3 | €68,126 | €91,804 | +€23,679 | +34.8% |
| Remuneration and social security | 454/9 | €28,000 | €10,158 | -€17,842 | -63.7% |
| Other amounts payable | 47/48 | €10,500 | €10,500 | = | 0.0% |
| Non-recurring operating income | 76A | €7,100 | - | -€7,100 | |
| Remuneration, social security and pensions | 62 | €395,636 | €401,855 | +€6,219 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,272 | €89,517 | +€2,245 | +2.6% |
| Other operating charges | 640/8 | €79,118 | €4,510 | -€74,608 | -94.3% |
| Gross operating margin | 9900 | €609,615 | €570,827 | -€38,788 | -6.4% |
| Operating profit (loss) | 9901 | €47,589 | €74,945 | +€27,356 | +57.5% |
| Financial income | 75/76B | €1,270 | €0 | -€1,269 | -100.0% |
| Recurring financial income | 75 | €1,270 | €0 | -€1,269 | -100.0% |
| Financial charges | 65/66B | €4,932 | €11,465 | +€6,533 | +132% |
| Recurring financial charges | 65 | €4,932 | €11,465 | +€6,533 | +132% |
| Profit (loss) for the period before taxes | 9903 | €43,927 | €63,480 | +€19,554 | +44.5% |
| Income taxes | 67/77 | €10,750 | €18,098 | +€7,348 | +68.4% |
| Profit (loss) for the period | 9904 | €33,177 | €45,383 | +€12,206 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,177 | €45,383 | +€12,206 | +36.8% |
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 20 October 2026 via checked.be.