Belga & Co: what changed
What changed
Belga & Co
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€1,487
2022 · €53,629-€52,142
Equity
€122,622
2022 · €121,135+€1,487
Cash
€10,791
2022 · €9,688+€1,104
Balance sheet total
€436,861
2022 · €427,568+€9,294
Largest movements
Assets
- Receivables within one year +€37,799
up €37,799 (+11.6%), from €324,888 to €362,687
of which Other amounts receivable: +€53,340
- Tangible fixed assets -€35,668
down €35,668 (-46.2%), from €77,224 to €41,556
of which Plant, machinery and equipment: -€27,755
- Current investments -€15,099
no longer reported in 2023 (was €15,099)
- Stocks and contracts +€11,236
new in 2023: €11,236
- Intangible fixed assets +€10,381
new in 2023: €10,381
Equity and liabilities
- Other debts +€116,165
up €116,165 (+135%), from €86,011 to €202,176
- Trade debts -€91,352
down €91,352 (-56.8%), from €160,857 to €69,505
- Tax, wage and social debts -€33,508
down €33,508 (-64.6%), from €51,844 to €18,336
- Debts after one year +€15,000
new in 2023: €15,000
Income statement
- Staff costs +€60,942
up €60,942 (+24.5%), from €249,142 to €310,085
- Taxes -€16,880
down €16,880 (-96.4%), from €17,518 to €639
- Gross operating margin -€11,358
down €11,358 (-3.3%), from €340,847 to €329,489
- Other operating charges -€6,320
down €6,320 (-74.3%), from €8,504 to €2,184
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2022
€53,629
Gross operating margin
-€11,358
Staff costs
-€60,942
Depreciation
-€3,032
Other operating charges
+€6,320
Financial income
-€100
Financial charges
+€92
Taxes
+€16,880
Result 2023
€1,487
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€43,297
Investment
+€27,899
Financing
+€16,502
Cash 2022
€9,688
From operations (derived)
-€43,297
Net result for the year
+€1,487
Depreciation
+€12,487
Stocks and contracts
-€11,236
Receivables within one year
-€37,799
Deferred charges and accrued income
+€459
Trade debts
-€91,352
Tax, wage and social debts
-€33,508
Other debts
+€116,165
Investment (derived)
+€27,899
Investment in fixed assets (net)
+€12,800
Current investments
+€15,099
Financing
+€16,502
Debts after one year
+€15,000
Short-term financial debts
+€1,502
Cash 2023
€10,791
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,568 | €436,861 | +€9,294 | +2.2% |
| Fixed assets | 21/28 | €77,434 | €52,147 | -€25,287 | -32.7% |
| Intangible fixed assets | 21 | - | €10,381 | +€10,381 | |
| Tangible fixed assets | 22/27 | €77,224 | €41,556 | -€35,668 | -46.2% |
| Plant, machinery and equipment | 23 | €31,899 | €4,143 | -€27,755 | -87.0% |
| Furniture and vehicles | 24 | €16,172 | €12,564 | -€3,608 | -22.3% |
| Other tangible fixed assets | 26 | €29,153 | €24,849 | -€4,304 | -14.8% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €350,134 | €384,715 | +€34,581 | +9.9% |
| Stocks and contracts in progress | 3 | - | €11,236 | +€11,236 | |
| Stocks | 30/36 | - | €11,236 | +€11,236 | |
| Amounts receivable within one year | 40/41 | €324,888 | €362,687 | +€37,799 | +11.6% |
| Trade receivables | 40 | €69,087 | €53,546 | -€15,540 | -22.5% |
| Other amounts receivable | 41 | €255,801 | €309,141 | +€53,340 | +20.9% |
| Current investments | 50/53 | €15,099 | - | -€15,099 | |
| Cash at bank and in hand | 54/58 | €9,688 | €10,791 | +€1,104 | +11.4% |
| Deferred charges and accrued income | 490/1 | €459 | - | -€459 | |
| Total equity and liabilities | 10/49 | €427,568 | €436,861 | +€9,294 | +2.2% |
| Equity | 10/15 | €121,135 | €122,622 | +€1,487 | +1.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €81,135 | €82,622 | +€1,487 | +1.8% |
| Non-distributable reserves | 130/1 | €1,722 | €1,722 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,722 | €1,722 | = | 0.0% |
| Distributable reserves | 133 | €79,413 | €80,900 | +€1,487 | +1.9% |
| Amounts payable | 17/49 | €306,432 | €314,239 | +€7,807 | +2.5% |
| Amounts payable after more than one year | 17 | - | €15,000 | +€15,000 | |
| Financial debts | 170/4 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €306,432 | €299,239 | -€7,193 | -2.3% |
| Financial debts | 43 | €7,720 | €9,222 | +€1,502 | +19.5% |
| Credit institutions | 430/8 | €7,720 | €8,920 | +€1,200 | +15.5% |
| Other loans | 439 | - | €302 | +€302 | |
| Trade debts | 44 | €160,857 | €69,505 | -€91,352 | -56.8% |
| Suppliers | 440/4 | €160,857 | €69,505 | -€91,352 | -56.8% |
| Taxes, remuneration and social security | 45 | €51,844 | €18,336 | -€33,508 | -64.6% |
| Taxes | 450/3 | €51,844 | €18,336 | -€33,508 | -64.6% |
| Other amounts payable | 47/48 | €86,011 | €202,176 | +€116,165 | +135% |
| Remuneration, social security and pensions | 62 | €249,142 | €310,085 | +€60,942 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,455 | €12,487 | +€3,032 | +32.1% |
| Other operating charges | 640/8 | €8,504 | €2,184 | -€6,320 | -74.3% |
| Gross operating margin | 9900 | €340,847 | €329,489 | -€11,358 | -3.3% |
| Operating profit (loss) | 9901 | €73,746 | €4,733 | -€69,013 | -93.6% |
| Financial income | 75/76B | €100 | - | -€100 | |
| Recurring financial income | 75 | €100 | - | -€100 | |
| Financial charges | 65/66B | €2,699 | €2,607 | -€92 | -3.4% |
| Recurring financial charges | 65 | €2,699 | €2,607 | -€92 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €71,147 | €2,125 | -€69,021 | -97.0% |
| Income taxes | 67/77 | €17,518 | €639 | -€16,880 | -96.4% |
| Profit (loss) for the period | 9904 | €53,629 | €1,487 | -€52,142 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,629 | €1,487 | -€52,142 | -97.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.