BELFORTE: 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.
BELFORTE
Largest movements
- Financial fixed assets +€132,446
up €132,446 (+48.7%), from €272,109 to €404,554
- Debts after one year +€74,776
new in 2024: €74,776
- Other debts +€61,642
up €61,642 (+22.0%), from €280,128 to €341,770
- Profit (loss) carried forward -€6,539
down €6,539 (-76.6%), from -€8,539 to -€15,078
- Financial income +€2,784
up €2,784 (+59.7%), from €4,665 to €7,449
- Financial charges +€2,732
up €2,732 (+29.0%), from €9,417 to €12,150
- Other operating charges +€766
up €766 (+140.1%), from €547 to €1,313
- Purchases and services +€525
new in 2024: €525
- Gross operating margin -€240
down €240 (-84.2%), from -€285 to -€525
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 | €274,434 | €404,991 | +€130,556 | +47.6% |
| Fixed assets | 21/28 | €272,109 | €404,554 | +€132,446 | +48.7% |
| Financial fixed assets | 28 | €272,109 | €404,554 | +€132,446 | +48.7% |
| Current assets | 29/58 | €2,326 | €436 | -€1,889 | -81.2% |
| Amounts receivable within one year | 40/41 | €2,321 | €436 | -€1,885 | -81.2% |
| Other amounts receivable | 41 | €2,321 | €436 | -€1,885 | -81.2% |
| Cash at bank and in hand | 54/58 | €5 | - | -€5 | |
| Total equity and liabilities | 10/49 | €274,434 | €404,991 | +€130,556 | +47.6% |
| Equity | 10/15 | -€6,039 | -€12,578 | -€6,539 | -108.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,539 | -€15,078 | -€6,539 | -76.6% |
| Amounts payable | 17/49 | €280,473 | €417,568 | +€137,095 | +48.9% |
| Amounts payable after more than one year | 17 | - | €74,776 | +€74,776 | |
| Financial debts | 170/4 | - | €74,776 | +€74,776 | |
| Amounts payable within one year | 42/48 | €280,473 | €342,792 | +€62,319 | +22.2% |
| Trade debts | 44 | €345 | €1,023 | +€678 | +196.5% |
| Suppliers | 440/4 | €345 | €1,023 | +€678 | +196.5% |
| Other amounts payable | 47/48 | €280,128 | €341,770 | +€61,642 | +22.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €525 | +€525 | |
| Other operating charges | 640/8 | €547 | €1,313 | +€766 | +140.1% |
| Gross operating margin | 9900 | -€285 | -€525 | -€240 | -84.2% |
| Operating profit (loss) | 9901 | -€832 | -€1,838 | -€1,006 | -121.0% |
| Financial income | 75/76B | €4,665 | €7,449 | +€2,784 | +59.7% |
| Recurring financial income | 75 | €4,665 | €7,449 | +€2,784 | +59.7% |
| Financial charges | 65/66B | €9,417 | €12,150 | +€2,732 | +29.0% |
| Recurring financial charges | 65 | €9,417 | €12,150 | +€2,732 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,584 | -€6,539 | -€955 | -17.1% |
| Profit (loss) for the period | 9904 | -€5,584 | -€6,539 | -€955 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,584 | -€6,539 | -€955 | -17.1% |
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 6 October 2026 via checked.be.