BELFOOD: 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.
BELFOOD
Largest movements
- Receivables within one year +€92,232
up €92,232 (+47.3%), from €194,907 to €287,140
of which Other amounts receivable: +€89,239
- Tangible fixed assets -€42,761
down €42,761 (-22.4%), from €190,826 to €148,064
- Cash -€13,274
down €13,274 (-30.2%), from €43,901 to €30,627
mainly Receivables within one year (-€92,232) and Net result for the year (-€51,157)
- Trade debts +€138,006
up €138,006 (+360%), from €38,352 to €176,358
- Profit (loss) carried forward -€51,157
down €51,157 (-28.5%), from €179,227 to €128,069
- Other debts -€39,905
no longer reported in 2024 (was €39,905)
- Current portion of long-term debt +€27,012
up €27,012 (+103%), from €26,186 to €53,198
- Tax, wage and social debts -€20,443
down €20,443 (-23.6%), from €86,729 to €66,286
of which Taxes: -€11,518
- Gross operating margin -€259,991
down €259,991 (-60.9%), from €426,985 to €166,994
- Staff costs -€113,528
down €113,528 (-41.0%), from €276,885 to €163,357
- Taxes -€25,355
no longer reported in 2024 (was €25,355)
- Depreciation +€9,818
up €9,818 (+24.2%), from €40,578 to €50,396
- Financial income +€7,339
up €7,339 (+109%), from €6,723 to €14,062
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 | €443,914 | €479,761 | +€35,847 | +8.1% |
| Fixed assets | 21/28 | €198,071 | €155,309 | -€42,761 | -21.6% |
| Tangible fixed assets | 22/27 | €190,826 | €148,064 | -€42,761 | -22.4% |
| Plant, machinery and equipment | 23 | €9,136 | €4,568 | -€4,568 | -50.0% |
| Furniture and vehicles | 24 | €31,730 | €16,540 | -€15,190 | -47.9% |
| Leasing and similar rights | 25 | €37,910 | €24,064 | -€13,845 | -36.5% |
| Other tangible fixed assets | 26 | €112,050 | €102,892 | -€9,158 | -8.2% |
| Financial fixed assets | 28 | €7,245 | €7,245 | = | 0.0% |
| Current assets | 29/58 | €245,843 | €324,452 | +€78,609 | +32.0% |
| Stocks and contracts in progress | 3 | €7,035 | €6,685 | -€350 | -5.0% |
| Stocks | 30/36 | €7,035 | €6,685 | -€350 | -5.0% |
| Amounts receivable within one year | 40/41 | €194,907 | €287,140 | +€92,232 | +47.3% |
| Trade receivables | 40 | - | €2,994 | +€2,994 | |
| Other amounts receivable | 41 | €194,907 | €284,146 | +€89,239 | +45.8% |
| Cash at bank and in hand | 54/58 | €43,901 | €30,627 | -€13,274 | -30.2% |
| Total equity and liabilities | 10/49 | €443,914 | €479,761 | +€35,847 | +8.1% |
| Equity | 10/15 | €181,227 | €130,069 | -€51,157 | -28.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,227 | €128,069 | -€51,157 | -28.5% |
| Amounts payable | 17/49 | €262,687 | €349,692 | +€87,005 | +33.1% |
| Amounts payable after more than one year | 17 | €71,515 | €53,849 | -€17,665 | -24.7% |
| Financial debts | 170/4 | €71,515 | €53,849 | -€17,665 | -24.7% |
| Amounts payable within one year | 42/48 | €191,172 | €295,842 | +€104,670 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €26,186 | €53,198 | +€27,012 | +103% |
| Trade debts | 44 | €38,352 | €176,358 | +€138,006 | +360% |
| Suppliers | 440/4 | €38,352 | €176,358 | +€138,006 | +360% |
| Taxes, remuneration and social security | 45 | €86,729 | €66,286 | -€20,443 | -23.6% |
| Taxes | 450/3 | €49,315 | €37,797 | -€11,518 | -23.4% |
| Remuneration and social security | 454/9 | €37,414 | €28,489 | -€8,925 | -23.9% |
| Other amounts payable | 47/48 | €39,905 | - | -€39,905 | |
| Remuneration, social security and pensions | 62 | €276,885 | €163,357 | -€113,528 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,578 | €50,396 | +€9,818 | +24.2% |
| Other operating charges | 640/8 | €1,518 | €8,814 | +€7,296 | +481% |
| Gross operating margin | 9900 | €426,985 | €166,994 | -€259,991 | -60.9% |
| Operating profit (loss) | 9901 | €108,005 | -€55,573 | -€163,577 | |
| Financial income | 75/76B | €6,723 | €14,062 | +€7,339 | +109% |
| Recurring financial income | 75 | €6,723 | €14,062 | +€7,339 | +109% |
| Financial charges | 65/66B | €7,556 | €9,647 | +€2,091 | +27.7% |
| Recurring financial charges | 65 | €7,556 | €9,647 | +€2,091 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €107,172 | -€51,157 | -€158,329 | |
| Income taxes | 67/77 | €25,355 | - | -€25,355 | |
| Profit (loss) for the period | 9904 | €81,816 | -€51,157 | -€132,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,816 | -€51,157 | -€132,974 |
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 31 October 2026 via checked.be.