BELCARGO: 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.
BELCARGO
Largest movements
- Tangible fixed assets +€164,936
new in 2024: €164,936
- Receivables within one year +€70,358
up €70,358 (+376.2%), from €18,701 to €89,059
of which Trade receivables: +€70,877
- Cash +€37,187
up €37,187 (+743.7%), from €5,000 to €42,187
mainly Debts after one year (+€76,828) and Net result for the year (+€59,221)
- Deferred charges and accrued income +€17,588
new in 2024: €17,588
- Debts after one year +€76,828
new in 2024: €76,828
- Profit (loss) carried forward +€59,221
new in 2024: €59,221
- Trade debts +€55,700
up €55,700 (+1584.2%), from €3,516 to €59,216
- Other debts +€36,564
new in 2024: €36,564
- Current portion of long-term debt +€31,283
new in 2024: €31,283
- Gross operating margin +€80,405
up €80,405 (+511.9%), from €15,707 to €96,112
- Depreciation +€13,605
new in 2024: €13,605
- Taxes +€10,664
up €10,664 (+257.5%), from €4,141 to €14,805
- Staff costs +€4,891
new in 2024: €4,891
- Financial charges +€2,662
new in 2024: €2,662
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 | €23,701 | €313,771 | +€290,069 | +1223.8% |
| Fixed assets | 21/28 | - | €164,936 | +€164,936 | |
| Tangible fixed assets | 22/27 | - | €164,936 | +€164,936 | |
| Furniture and vehicles | 24 | - | €164,936 | +€164,936 | |
| Current assets | 29/58 | €23,701 | €148,834 | +€125,133 | +528.0% |
| Amounts receivable within one year | 40/41 | €18,701 | €89,059 | +€70,358 | +376.2% |
| Trade receivables | 40 | €18,182 | €89,059 | +€70,877 | +389.8% |
| Other amounts receivable | 41 | €520 | - | -€520 | |
| Cash at bank and in hand | 54/58 | €5,000 | €42,187 | +€37,187 | +743.7% |
| Deferred charges and accrued income | 490/1 | - | €17,588 | +€17,588 | |
| Total equity and liabilities | 10/49 | €23,701 | €313,771 | +€290,069 | +1223.8% |
| Equity | 10/15 | €16,044 | €75,265 | +€59,221 | +369.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,044 | €11,044 | = | 0.0% |
| Distributable reserves | 133 | €11,044 | €11,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €59,221 | +€59,221 | |
| Amounts payable | 17/49 | €7,657 | €238,506 | +€230,848 | +3014.7% |
| Amounts payable after more than one year | 17 | - | €76,828 | +€76,828 | |
| Financial debts | 170/4 | - | €76,828 | +€76,828 | |
| Amounts payable within one year | 42/48 | €7,657 | €161,678 | +€154,020 | +2011.4% |
| Current portion of amounts payable after more than one year | 42 | - | €31,283 | +€31,283 | |
| Trade debts | 44 | €3,516 | €59,216 | +€55,700 | +1584.2% |
| Suppliers | 440/4 | €3,516 | €59,216 | +€55,700 | +1584.2% |
| Taxes, remuneration and social security | 45 | €4,141 | €34,614 | +€30,472 | +735.8% |
| Taxes | 450/3 | €4,141 | €31,479 | +€27,337 | +660.1% |
| Remuneration and social security | 454/9 | - | €3,135 | +€3,135 | |
| Other amounts payable | 47/48 | - | €36,564 | +€36,564 | |
| Remuneration, social security and pensions | 62 | - | €4,891 | +€4,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,605 | +€13,605 | |
| Other operating charges | 640/8 | €522 | €928 | +€406 | +77.8% |
| Gross operating margin | 9900 | €15,707 | €96,112 | +€80,405 | +511.9% |
| Operating profit (loss) | 9901 | €15,185 | €76,688 | +€61,503 | +405.0% |
| Financial charges | 65/66B | - | €2,662 | +€2,662 | |
| Recurring financial charges | 65 | - | €2,662 | +€2,662 | |
| Profit (loss) for the period before taxes | 9903 | €15,185 | €74,026 | +€58,841 | +387.5% |
| Income taxes | 67/77 | €4,141 | €14,805 | +€10,664 | +257.5% |
| Profit (loss) for the period | 9904 | €11,044 | €59,221 | +€48,177 | +436.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,044 | €59,221 | +€48,177 | +436.2% |
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 9 October 2026 via checked.be.