BELCO BUILD: 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.
BELCO BUILD
Largest movements
- Tangible fixed assets +€59,254
new in 2024: €59,254
- Short-term financial debts +€50,000
new in 2024: €50,000
- Other debts +€28,910
up €28,910 (+2.7%), from €1.1m to €1.1m
- Tax, wage and social debts -€27,372
down €27,372 (-94.0%), from €29,121 to €1,749
- Trade debts +€12,889
up €12,889 (+266%), from €4,846 to €17,734
- Gross operating margin +€23,447
up €23,447, from -€9,114 to €14,333
- Other operating charges +€10,311
up €10,311 (+797%), from €1,293 to €11,604
- Financial charges +€553
new in 2024: €553
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 | €1,118,992 | €1,185,485 | +€66,493 | +5.9% |
| Fixed assets | 21/28 | - | €59,254 | +€59,254 | |
| Tangible fixed assets | 22/27 | - | €59,254 | +€59,254 | |
| Assets under construction and advance payments | 27 | - | €59,254 | +€59,254 | |
| Current assets | 29/58 | €1,118,992 | €1,126,231 | +€7,239 | +0.6% |
| Stocks and contracts in progress | 3 | €639,746 | €639,746 | = | 0.0% |
| Stocks | 30/36 | €639,746 | €639,746 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100 | €0 | -€100 | -100% |
| Trade receivables | 40 | €100 | €0 | -€100 | -100% |
| Cash at bank and in hand | 54/58 | €474,146 | €481,484 | +€7,339 | +1.5% |
| Deferred charges and accrued income | 490/1 | €5,000 | €5,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,118,992 | €1,185,485 | +€66,493 | +5.9% |
| Equity | 10/15 | -€298,924 | -€296,747 | +€2,177 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€317,524 | -€315,347 | +€2,177 | +0.7% |
| Amounts payable | 17/49 | €1,417,916 | €1,482,232 | +€64,316 | +4.5% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Other amounts payable | 178/9 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,117,325 | €1,182,232 | +€64,907 | +5.8% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €4,846 | €17,734 | +€12,889 | +266% |
| Suppliers | 440/4 | €4,846 | €17,734 | +€12,889 | +266% |
| Advances received on contracts in progress | 46 | - | €480 | +€480 | |
| Taxes, remuneration and social security | 45 | €29,121 | €1,749 | -€27,372 | -94.0% |
| Taxes | 450/3 | €29,121 | €1,749 | -€27,372 | -94.0% |
| Other amounts payable | 47/48 | €1,083,359 | €1,112,269 | +€28,910 | +2.7% |
| Accrued charges and deferred income | 492/3 | €591 | €0 | -€591 | -100% |
| Other operating charges | 640/8 | €1,293 | €11,604 | +€10,311 | +797% |
| Gross operating margin | 9900 | -€9,114 | €14,333 | +€23,447 | |
| Operating profit (loss) | 9901 | -€10,407 | €2,729 | +€13,136 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +7.1% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +7.1% |
| Financial charges | 65/66B | - | €553 | +€553 | |
| Recurring financial charges | 65 | - | €553 | +€553 | |
| Profit (loss) for the period before taxes | 9903 | -€10,406 | €2,177 | +€12,583 | |
| Profit (loss) for the period | 9904 | -€10,406 | €2,177 | +€12,583 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,406 | €2,177 | +€12,583 |
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 23 October 2026 via checked.be.