BELANEX: 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.
BELANEX
Largest movements
- Cash +€156,551
up €156,551 (+304.0%), from €51,501 to €208,052
mainly Net result for the year (+€66,883) and Current investments (+€55,620)
- Current investments -€55,620
down €55,620 (-45.2%), from €122,947 to €67,327
- Receivables within one year -€17,367
down €17,367 (-25.8%), from €67,304 to €49,938
of which Trade receivables: -€13,223
- Receivables after one year -€8,000
no longer reported in 2024 (was €8,000)
- Reserves +€66,883
up €66,883 (+28.3%), from €236,106 to €302,990
- Tax, wage and social debts +€20,764
up €20,764 (+91.2%), from €22,768 to €43,533
- Other debts -€17,271
down €17,271 (-97.5%), from €17,712 to €440
- Taxes +€7,659
up €7,659 (+51.2%), from €14,953 to €22,612
- Depreciation -€3,384
down €3,384 (-29.8%), from €11,355 to €7,970
- Financial charges -€2,822
down €2,822 (-91.8%), from €3,074 to €252
of which Non-recurring financial charges: -€4,800
- Gross operating margin -€2,586
down €2,586 (-2.7%), from €97,321 to €94,735
- Financial income +€2,311
up €2,311 (+153.5%), from €1,505 to €3,815
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 | €280,136 | €351,367 | +€71,231 | +25.4% |
| Fixed assets | 21/28 | €28,561 | €25,491 | -€3,070 | -10.7% |
| Tangible fixed assets | 22/27 | €28,561 | €25,491 | -€3,070 | -10.7% |
| Plant, machinery and equipment | 23 | €23,475 | €20,494 | -€2,981 | -12.7% |
| Furniture and vehicles | 24 | €5,086 | €4,996 | -€89 | -1.8% |
| Current assets | 29/58 | €251,575 | €325,876 | +€74,301 | +29.5% |
| Amounts receivable after more than one year | 29 | €8,000 | - | -€8,000 | |
| Other amounts receivable | 291 | €8,000 | - | -€8,000 | |
| Amounts receivable within one year | 40/41 | €67,304 | €49,938 | -€17,367 | -25.8% |
| Trade receivables | 40 | €55,157 | €41,934 | -€13,223 | -24.0% |
| Other amounts receivable | 41 | €12,147 | €8,004 | -€4,144 | -34.1% |
| Current investments | 50/53 | €122,947 | €67,327 | -€55,620 | -45.2% |
| Cash at bank and in hand | 54/58 | €51,501 | €208,052 | +€156,551 | +304.0% |
| Deferred charges and accrued income | 490/1 | €1,823 | €559 | -€1,264 | -69.3% |
| Total equity and liabilities | 10/49 | €280,136 | €351,367 | +€71,231 | +25.4% |
| Equity | 10/15 | €239,106 | €305,990 | +€66,883 | +28.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €236,106 | €302,990 | +€66,883 | +28.3% |
| Distributable reserves | 133 | €236,106 | €302,990 | +€66,883 | +28.3% |
| Amounts payable | 17/49 | €41,030 | €45,378 | +€4,348 | +10.6% |
| Amounts payable within one year | 42/48 | €40,648 | €45,089 | +€4,442 | +10.9% |
| Trade debts | 44 | €168 | €1,116 | +€948 | +565.0% |
| Suppliers | 440/4 | €168 | €1,116 | +€948 | +565.0% |
| Taxes, remuneration and social security | 45 | €22,768 | €43,533 | +€20,764 | +91.2% |
| Taxes | 450/3 | €22,768 | €43,533 | +€20,764 | +91.2% |
| Other amounts payable | 47/48 | €17,712 | €440 | -€17,271 | -97.5% |
| Accrued charges and deferred income | 492/3 | €382 | €288 | -€94 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,355 | €7,970 | -€3,384 | -29.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €900 | - | -€900 | |
| Other operating charges | 640/8 | €468 | €833 | +€366 | +78.2% |
| Gross operating margin | 9900 | €97,321 | €94,735 | -€2,586 | -2.7% |
| Operating profit (loss) | 9901 | €84,599 | €85,931 | +€1,332 | +1.6% |
| Financial income | 75/76B | €1,505 | €3,815 | +€2,311 | +153.5% |
| Recurring financial income | 75 | €1,505 | €3,815 | +€2,311 | +153.5% |
| Financial charges | 65/66B | €3,074 | €252 | -€2,822 | -91.8% |
| Recurring financial charges | 65 | -€1,726 | €252 | +€1,978 | |
| Non-recurring financial charges | 66B | €4,800 | - | -€4,800 | |
| Profit (loss) for the period before taxes | 9903 | €83,030 | €89,495 | +€6,465 | +7.8% |
| Income taxes | 67/77 | €14,953 | €22,612 | +€7,659 | +51.2% |
| Profit (loss) for the period | 9904 | €68,077 | €66,883 | -€1,194 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,077 | €66,883 | -€1,194 | -1.8% |
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.