BELFORCE IMPEX: 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.
BELFORCE IMPEX
Largest movements
- Receivables within one year -€59,775
down €59,775 (-40.1%), from €149,098 to €89,323
of which Trade receivables: -€61,190
- Stocks and contracts -€43,610
no longer reported in 2023 (was €43,610)
- Cash -€15,460
down €15,460 (-100.0%), from €15,463 to €2
- Trade debts -€100,265
down €100,265 (-68.8%), from €145,750 to €45,485
- Profit (loss) carried forward -€55,976
down €55,976, from €25,199 to -€30,777
- Tax, wage and social debts +€34,706
up €34,706 (+240%), from €14,458 to €49,165
of which Remuneration and social security: +€29,221
- Gross operating margin -€91,827
down €91,827, from €80,760 to -€11,067
- Taxes -€14,458
no longer reported in 2023 (was €14,458)
- Other operating charges -€6,940
down €6,940 (-92.7%), from €7,489 to €549
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,985 | €89,325 | -€119,659 | -57.3% |
| Fixed assets | 21/28 | €814 | - | -€814 | |
| Tangible fixed assets | 22/27 | €814 | - | -€814 | |
| Plant, machinery and equipment | 23 | €814 | - | -€814 | |
| Current assets | 29/58 | €208,170 | €89,325 | -€118,845 | -57.1% |
| Stocks and contracts in progress | 3 | €43,610 | - | -€43,610 | |
| Stocks | 30/36 | €43,610 | - | -€43,610 | |
| Amounts receivable within one year | 40/41 | €149,098 | €89,323 | -€59,775 | -40.1% |
| Trade receivables | 40 | €148,891 | €87,700 | -€61,190 | -41.1% |
| Other amounts receivable | 41 | €207 | €1,623 | +€1,416 | +684% |
| Cash at bank and in hand | 54/58 | €15,463 | €2 | -€15,460 | -100.0% |
| Total equity and liabilities | 10/49 | €208,985 | €89,325 | -€119,659 | -57.3% |
| Equity | 10/15 | €48,199 | -€7,777 | -€55,976 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,199 | -€30,777 | -€55,976 | |
| Amounts payable | 17/49 | €160,786 | €97,102 | -€63,683 | -39.6% |
| Amounts payable within one year | 42/48 | €160,786 | €97,102 | -€63,683 | -39.6% |
| Financial debts | 43 | - | €91 | +€91 | |
| Credit institutions | 430/8 | - | €91 | +€91 | |
| Trade debts | 44 | €145,750 | €45,485 | -€100,265 | -68.8% |
| Suppliers | 440/4 | €145,750 | €45,485 | -€100,265 | -68.8% |
| Taxes, remuneration and social security | 45 | €14,458 | €49,165 | +€34,706 | +240% |
| Taxes | 450/3 | €14,458 | €19,944 | +€5,485 | +37.9% |
| Remuneration and social security | 454/9 | - | €29,221 | +€29,221 | |
| Other amounts payable | 47/48 | €577 | €2,361 | +€1,784 | +309% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €407 | = | 0.0% |
| Other operating charges | 640/8 | €7,489 | €549 | -€6,940 | -92.7% |
| Gross operating margin | 9900 | €80,760 | -€11,067 | -€91,827 | |
| Operating profit (loss) | 9901 | €72,863 | -€12,023 | -€84,886 | |
| Financial income | 75/76B | €0 | €295 | +€295 | +738,200% |
| Recurring financial income | 75 | €0 | €295 | +€295 | +738,200% |
| Financial charges | 65/66B | €811 | €543 | -€268 | -33.0% |
| Recurring financial charges | 65 | €811 | €543 | -€268 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €72,052 | -€12,271 | -€84,323 | |
| Income taxes | 67/77 | €14,458 | - | -€14,458 | |
| Profit (loss) for the period | 9904 | €57,594 | -€12,271 | -€69,865 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,594 | -€12,271 | -€69,865 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.