BELCICO: 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.
BELCICO
Largest movements
- Receivables within one year -€22,456
down €22,456 (-87.0%), from €25,824 to €3,368
of which Trade receivables: -€21,940
- Cash +€8,046
up €8,046 (+764.1%), from €1,053 to €9,099
mainly Receivables within one year (+€22,456) and Other debts (+€6,772)
- Stocks and contracts +€5,200
new in 2023: €5,200
- Profit (loss) carried forward -€13,321
down €13,321 (-96.6%), from -€13,787 to -€27,108
- Other debts +€6,772
up €6,772 (+40.7%), from €16,629 to €23,401
- Trade debts -€4,667
down €4,667 (-33.3%), from €14,035 to €9,368
- Tax, wage and social debts +€2,006
new in 2023: €2,006
- Purchases and services +€63,290
up €63,290 (+195.5%), from €32,374 to €95,664
- Turnover +€43,154
up €43,154 (+132.4%), from €32,587 to €75,741
- Gross operating margin -€9,262
down €9,262, from €213 to -€9,049
- Staff costs +€4,171
up €4,171 (+4137.3%), from €101 to €4,272
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,877 | €17,667 | -€9,210 | -34.3% |
| Current assets | 29/58 | €26,877 | €17,667 | -€9,210 | -34.3% |
| Stocks and contracts in progress | 3 | - | €5,200 | +€5,200 | |
| Stocks | 30/36 | - | €5,200 | +€5,200 | |
| Amounts receivable within one year | 40/41 | €25,824 | €3,368 | -€22,456 | -87.0% |
| Trade receivables | 40 | €25,308 | €3,368 | -€21,940 | -86.7% |
| Other amounts receivable | 41 | €515 | - | -€515 | |
| Cash at bank and in hand | 54/58 | €1,053 | €9,099 | +€8,046 | +764.1% |
| Total equity and liabilities | 10/49 | €26,877 | €17,667 | -€9,210 | -34.3% |
| Equity | 10/15 | -€3,787 | -€17,108 | -€13,321 | -351.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Uncalled capital | 101 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,787 | -€27,108 | -€13,321 | -96.6% |
| Amounts payable | 17/49 | €30,663 | €34,775 | +€4,112 | +13.4% |
| Amounts payable within one year | 42/48 | €30,663 | €34,775 | +€4,112 | +13.4% |
| Trade debts | 44 | €14,035 | €9,368 | -€4,667 | -33.3% |
| Suppliers | 440/4 | €14,035 | €9,368 | -€4,667 | -33.3% |
| Taxes, remuneration and social security | 45 | - | €2,006 | +€2,006 | |
| Taxes | 450/3 | - | €2,006 | +€2,006 | |
| Other amounts payable | 47/48 | €16,629 | €23,401 | +€6,772 | +40.7% |
| Turnover | 70 | €32,587 | €75,741 | +€43,154 | +132.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,374 | €95,664 | +€63,290 | +195.5% |
| Remuneration, social security and pensions | 62 | €101 | €4,272 | +€4,171 | +4137.3% |
| Gross operating margin | 9900 | €213 | -€9,049 | -€9,262 | |
| Operating profit (loss) | 9901 | €112 | -€13,321 | -€13,433 | |
| Financial charges | 65/66B | €41 | - | -€41 | |
| Recurring financial charges | 65 | €41 | - | -€41 | |
| Profit (loss) for the period before taxes | 9903 | €72 | -€13,321 | -€13,393 | |
| Profit (loss) for the period | 9904 | €72 | -€13,321 | -€13,393 | |
| Profit (loss) for the period to be appropriated | 9905 | €72 | -€13,321 | -€13,393 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.