BELAFT: 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.
BELAFT
Largest movements
- Receivables within one year +€30,758
up €30,758 (+365.4%), from €8,418 to €39,176
of which Trade receivables: +€24,619
- Cash +€10,323
up €10,323 (+176.8%), from €5,838 to €16,161
mainly Trade debts (+€29,453) and Net result for the year (+€9,734)
- Stocks and contracts -€1,471
down €1,471 (-51.6%), from €2,850 to €1,378
- Trade debts +€29,453
up €29,453 (+768.4%), from €3,833 to €33,286
- Profit (loss) carried forward +€9,734
up €9,734 (+908.9%), from €1,071 to €10,805
- Gross operating margin +€16,038
up €16,038 (+1149.1%), from €1,396 to €17,434
- Staff costs +€4,090
new in 2024: €4,090
- Taxes +€2,166
up €2,166 (+809.0%), from €268 to €2,433
- Other operating charges +€1,424
up €1,424 (+3311.4%), from €43 to €1,467
- Financial income +€359
up €359 (+279.4%), from €129 to €488
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 | €17,105 | €56,715 | +€39,610 | +231.6% |
| Current assets | 29/58 | €17,105 | €56,715 | +€39,610 | +231.6% |
| Stocks and contracts in progress | 3 | €2,850 | €1,378 | -€1,471 | -51.6% |
| Stocks | 30/36 | €2,850 | €1,378 | -€1,471 | -51.6% |
| Amounts receivable within one year | 40/41 | €8,418 | €39,176 | +€30,758 | +365.4% |
| Trade receivables | 40 | €1,944 | €26,563 | +€24,619 | +1266.4% |
| Other amounts receivable | 41 | €6,474 | €12,613 | +€6,139 | +94.8% |
| Cash at bank and in hand | 54/58 | €5,838 | €16,161 | +€10,323 | +176.8% |
| Total equity and liabilities | 10/49 | €17,105 | €56,715 | +€39,610 | +231.6% |
| Equity | 10/15 | €11,071 | €20,805 | +€9,734 | +87.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,071 | €10,805 | +€9,734 | +908.9% |
| Amounts payable | 17/49 | €6,034 | €35,911 | +€29,876 | +495.1% |
| Amounts payable within one year | 42/48 | €6,034 | €35,911 | +€29,876 | +495.1% |
| Trade debts | 44 | €3,833 | €33,286 | +€29,453 | +768.4% |
| Suppliers | 440/4 | €3,833 | €33,286 | +€29,453 | +768.4% |
| Taxes, remuneration and social security | 45 | €2,201 | €2,625 | +€424 | +19.2% |
| Taxes | 450/3 | €2,201 | €2,433 | +€232 | +10.5% |
| Remuneration and social security | 454/9 | - | €192 | +€192 | |
| Remuneration, social security and pensions | 62 | - | €4,090 | +€4,090 | |
| Other operating charges | 640/8 | €43 | €1,467 | +€1,424 | +3311.4% |
| Gross operating margin | 9900 | €1,396 | €17,434 | +€16,038 | +1149.1% |
| Operating profit (loss) | 9901 | €1,353 | €11,877 | +€10,524 | +777.9% |
| Financial income | 75/76B | €129 | €488 | +€359 | +279.4% |
| Recurring financial income | 75 | €129 | €488 | +€359 | +279.4% |
| Financial charges | 65/66B | €143 | €197 | +€55 | +38.3% |
| Recurring financial charges | 65 | €143 | €197 | +€55 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €1,339 | €12,167 | +€10,829 | +808.9% |
| Income taxes | 67/77 | €268 | €2,433 | +€2,166 | +809.0% |
| Profit (loss) for the period | 9904 | €1,071 | €9,734 | +€8,663 | +808.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,071 | €9,734 | +€8,663 | +808.9% |
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 1 October 2026 via checked.be.