BELCOFORT: 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.
BELCOFORT
Largest movements
- Receivables within one year -€235,500
down €235,500 (-83.1%), from €283,459 to €47,959
of which Other amounts receivable: -€275,409
- Stocks and contracts +€58,981
new in 2024: €58,981
- Cash -€24,946
down €24,946 (-98.6%), from €25,310 to €364
mainly Other debts (-€222,578) and Stocks and contracts (-€58,981)
- Other debts -€222,578
down €222,578 (-78.0%), from €285,360 to €62,782
- Trade debts +€32,129
up €32,129 (+8,149%), from €394 to €32,523
- Profit (loss) carried forward -€10,975
down €10,975 (-2.8%), from -€395,010 to -€405,986
- Gross operating margin -€50,047
down €50,047, from €43,615 to -€6,432
- Other operating charges +€3,879
up €3,879 (+583%), from €665 to €4,543
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 | €315,744 | €114,319 | -€201,425 | -63.8% |
| Fixed assets | 21/28 | €6,975 | €6,975 | = | 0.0% |
| Financial fixed assets | 28 | €6,975 | €6,975 | = | 0.0% |
| Current assets | 29/58 | €308,769 | €107,344 | -€201,425 | -65.2% |
| Stocks and contracts in progress | 3 | - | €58,981 | +€58,981 | |
| Stocks | 30/36 | - | €58,981 | +€58,981 | |
| Amounts receivable within one year | 40/41 | €283,459 | €47,959 | -€235,500 | -83.1% |
| Trade receivables | 40 | €100 | €40,009 | +€39,909 | +39,909% |
| Other amounts receivable | 41 | €283,359 | €7,950 | -€275,409 | -97.2% |
| Cash at bank and in hand | 54/58 | €25,310 | €364 | -€24,946 | -98.6% |
| Deferred charges and accrued income | 490/1 | - | €40 | +€40 | |
| Total equity and liabilities | 10/49 | €315,744 | €114,319 | -€201,425 | -63.8% |
| Equity | 10/15 | -€295,010 | -€305,986 | -€10,975 | -3.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€395,010 | -€405,986 | -€10,975 | -2.8% |
| Amounts payable | 17/49 | €610,754 | €420,305 | -€190,449 | -31.2% |
| Amounts payable after more than one year | 17 | €325,000 | €325,000 | = | 0.0% |
| Financial debts | 170/4 | €325,000 | €325,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €285,754 | €95,305 | -€190,449 | -66.6% |
| Trade debts | 44 | €394 | €32,523 | +€32,129 | +8,149% |
| Suppliers | 440/4 | €394 | €32,523 | +€32,129 | +8,149% |
| Other amounts payable | 47/48 | €285,360 | €62,782 | -€222,578 | -78.0% |
| Other operating charges | 640/8 | €665 | €4,543 | +€3,879 | +583% |
| Gross operating margin | 9900 | €43,615 | -€6,432 | -€50,047 | |
| Operating profit (loss) | 9901 | €42,950 | -€10,975 | -€53,926 | |
| Financial charges | 65/66B | €10 | €0 | -€10 | -100% |
| Recurring financial charges | 65 | €10 | €0 | -€10 | -100% |
| Profit (loss) for the period before taxes | 9903 | €42,941 | -€10,975 | -€53,916 | |
| Profit (loss) for the period | 9904 | €42,941 | -€10,975 | -€53,916 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,941 | -€10,975 | -€53,916 |
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 16 October 2026 via checked.be.