BELDECO BRUSSELS: 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.
BELDECO BRUSSELS
Largest movements
- Cash -€4,824
down €4,824 (-88.2%), from €5,472 to €648
mainly Net result for the year (-€11,543) and Trade debts (-€6,032)
- Receivables within one year -€1,506
down €1,506 (-16.0%), from €9,432 to €7,926
- Tangible fixed assets -€469
down €469 (-27.0%), from €1,738 to €1,269
- Profit (loss) carried forward -€11,543
down €11,543 (-44.9%), from -€25,710 to -€37,253
- Other debts +€7,004
up €7,004 (+56.0%), from €12,500 to €19,504
- Trade debts -€6,032
down €6,032 (-66.7%), from €9,048 to €3,016
- Debts after one year +€2,857
up €2,857 (+28.0%), from €10,208 to €13,065
- Current portion of long-term debt +€598
up €598 (+13.4%), from €4,448 to €5,046
- Gross operating margin +€12,557
up €12,557 (+56.6%), from -€22,174 to -€9,617
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 | €26,242 | €19,443 | -€6,799 | -25.9% |
| Fixed assets | 21/28 | €11,338 | €10,869 | -€469 | -4.1% |
| Tangible fixed assets | 22/27 | €1,738 | €1,269 | -€469 | -27.0% |
| Plant, machinery and equipment | 23 | €1,738 | €1,269 | -€469 | -27.0% |
| Financial fixed assets | 28 | €9,600 | €9,600 | = | 0.0% |
| Current assets | 29/58 | €14,904 | €8,574 | -€6,330 | -42.5% |
| Amounts receivable within one year | 40/41 | €9,432 | €7,926 | -€1,506 | -16.0% |
| Trade receivables | 40 | €9,432 | €7,926 | -€1,506 | -16.0% |
| Cash at bank and in hand | 54/58 | €5,472 | €648 | -€4,824 | -88.2% |
| Total equity and liabilities | 10/49 | €26,242 | €19,443 | -€6,799 | -25.9% |
| Equity | 10/15 | -€10,710 | -€22,253 | -€11,543 | -108% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,710 | -€37,253 | -€11,543 | -44.9% |
| Amounts payable | 17/49 | €36,952 | €41,696 | +€4,744 | +12.8% |
| Amounts payable after more than one year | 17 | €10,208 | €13,065 | +€2,857 | +28.0% |
| Financial debts | 170/4 | €10,208 | €13,065 | +€2,857 | +28.0% |
| Amounts payable within one year | 42/48 | €26,278 | €27,730 | +€1,452 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €4,448 | €5,046 | +€598 | +13.4% |
| Trade debts | 44 | €9,048 | €3,016 | -€6,032 | -66.7% |
| Suppliers | 440/4 | €9,048 | €3,016 | -€6,032 | -66.7% |
| Taxes, remuneration and social security | 45 | €281 | €164 | -€117 | -41.6% |
| Taxes | 450/3 | €281 | €164 | -€117 | -41.6% |
| Other amounts payable | 47/48 | €12,500 | €19,504 | +€7,004 | +56.0% |
| Accrued charges and deferred income | 492/3 | €466 | €901 | +€435 | +93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €469 | +€220 | +88.5% |
| Other operating charges | 640/8 | €729 | €554 | -€175 | -24.1% |
| Gross operating margin | 9900 | -€22,174 | -€9,617 | +€12,557 | +56.6% |
| Operating profit (loss) | 9901 | -€23,152 | -€10,640 | +€12,513 | +54.0% |
| Financial charges | 65/66B | €860 | €739 | -€121 | -14.1% |
| Recurring financial charges | 65 | €860 | €739 | -€121 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,013 | -€11,379 | +€12,634 | +52.6% |
| Income taxes | 67/77 | - | €164 | +€164 | |
| Profit (loss) for the period | 9904 | -€24,013 | -€11,543 | +€12,469 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,013 | -€11,543 | +€12,469 | +51.9% |
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 15 October 2026 via checked.be.