BELCONI: 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.
BELCONI
Largest movements
- Tangible fixed assets -€145,433
down €145,433 (-84.5%), from €172,044 to €26,611
- Cash +€42,597
up €42,597 (+1462.2%), from €2,913 to €45,510
mainly Debts after one year (+€388,251) and Investment in fixed assets (net) (+€145,433)
- Receivables within one year +€21,522
up €21,522 (+1464.7%), from €1,469 to €22,991
of which Trade receivables: +€20,816
- Debts after one year +€388,251
new in 2024: €388,251
- Short-term financial debts -€347,421
no longer reported in 2024 (was €347,421)
- Profit (loss) carried forward -€183,485
down €183,485 (-72.6%), from -€252,565 to -€436,050
- Tax, wage and social debts +€54,598
up €54,598 (+240.7%), from €22,681 to €77,278
of which Remuneration and social security: +€38,357
- Trade debts +€5,734
up €5,734 (+13.4%), from €42,862 to €48,596
- Gross operating margin +€116,565
up €116,565, from -€99,335 to €17,230
- Staff costs -€95,121
down €95,121 (-42.7%), from €222,797 to €127,676
- Other operating charges +€69,853
up €69,853 (+18170.0%), from €384 to €70,237
- Financial charges +€2,240
up €2,240 (+398.0%), from €563 to €2,803
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 | €180,859 | €99,545 | -€81,314 | -45.0% |
| Fixed assets | 21/28 | €176,477 | €31,044 | -€145,433 | -82.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €172,044 | €26,611 | -€145,433 | -84.5% |
| Land and buildings | 22 | €172,044 | €26,611 | -€145,433 | -84.5% |
| Financial fixed assets | 28 | €4,433 | €4,433 | = | 0.0% |
| Current assets | 29/58 | €4,383 | €68,502 | +€64,119 | +1463.1% |
| Amounts receivable within one year | 40/41 | €1,469 | €22,991 | +€21,522 | +1464.7% |
| Trade receivables | 40 | - | €20,816 | +€20,816 | |
| Other amounts receivable | 41 | €1,469 | €2,175 | +€706 | +48.1% |
| Cash at bank and in hand | 54/58 | €2,913 | €45,510 | +€42,597 | +1462.2% |
| Total equity and liabilities | 10/49 | €180,859 | €99,545 | -€81,314 | -45.0% |
| Equity | 10/15 | -€232,105 | -€415,590 | -€183,485 | -79.1% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€252,565 | -€436,050 | -€183,485 | -72.6% |
| Amounts payable | 17/49 | €412,964 | €515,135 | +€102,171 | +24.7% |
| Amounts payable after more than one year | 17 | - | €388,251 | +€388,251 | |
| Other amounts payable | 178/9 | - | €388,251 | +€388,251 | |
| Amounts payable within one year | 42/48 | €412,964 | €126,884 | -€286,080 | -69.3% |
| Financial debts | 43 | €347,421 | - | -€347,421 | |
| Credit institutions | 430/8 | €347,421 | - | -€347,421 | |
| Trade debts | 44 | €42,862 | €48,596 | +€5,734 | +13.4% |
| Suppliers | 440/4 | €42,862 | €48,596 | +€5,734 | +13.4% |
| Taxes, remuneration and social security | 45 | €22,681 | €77,278 | +€54,598 | +240.7% |
| Taxes | 450/3 | - | €16,240 | +€16,240 | |
| Remuneration and social security | 454/9 | €22,681 | €61,038 | +€38,357 | +169.1% |
| Other amounts payable | 47/48 | - | €1,010 | +€1,010 | |
| Remuneration, social security and pensions | 62 | €222,797 | €127,676 | -€95,121 | -42.7% |
| Other operating charges | 640/8 | €384 | €70,237 | +€69,853 | +18170.0% |
| Gross operating margin | 9900 | -€99,335 | €17,230 | +€116,565 | |
| Operating profit (loss) | 9901 | -€322,516 | -€180,683 | +€141,833 | +44.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €563 | €2,803 | +€2,240 | +398.0% |
| Recurring financial charges | 65 | €563 | €2,803 | +€2,240 | +398.0% |
| Profit (loss) for the period before taxes | 9903 | -€323,079 | -€183,485 | +€139,594 | +43.2% |
| Profit (loss) for the period | 9904 | -€323,079 | -€183,485 | +€139,594 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€323,079 | -€183,485 | +€139,594 | +43.2% |
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 4 October 2026 via checked.be.