Belga & Co Bars: 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.
Belga & Co Bars
Largest movements
- Deferred charges and accrued income +€101,509
new in 2024: €101,509
- Receivables within one year +€13,998
up €13,998 (+215%), from €6,500 to €20,498
- Cash -€6,946
down €6,946 (-58.3%), from €11,907 to €4,961
mainly Deferred charges and accrued income (-€101,509) and Receivables within one year (-€13,998)
- Trade debts +€89,663
up €89,663 (+1,553%), from €5,772 to €95,435
- Current portion of long-term debt +€15,405
up €15,405 (+450%), from €3,421 to €18,826
- Tax, wage and social debts +€6,102
new in 2024: €6,102
- Debts after one year -€3,427
down €3,427 (-50.6%), from €6,767 to €3,340
- Other debts -€2,612
no longer reported in 2024 (was €2,612)
- Turnover -€16,037
down €16,037 (-11.7%), from €136,808 to €120,771
- Purchases and services -€14,177
down €14,177 (-11.0%), from €128,339 to €114,162
- Depreciation -€7,929
down €7,929 (-85.5%), from €9,272 to €1,343
- Gross operating margin -€1,860
down €1,860 (-22.0%), from €8,468 to €6,608
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 | €38,409 | €144,682 | +€106,273 | +277% |
| Fixed assets | 21/28 | €17,502 | €16,159 | -€1,343 | -7.7% |
| Tangible fixed assets | 22/27 | €16,002 | €14,659 | -€1,343 | -8.4% |
| Plant, machinery and equipment | 23 | €16,002 | €14,659 | -€1,343 | -8.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €20,907 | €128,523 | +€107,616 | +515% |
| Stocks and contracts in progress | 3 | €2,500 | €1,555 | -€945 | -37.8% |
| Stocks | 30/36 | €2,500 | €1,555 | -€945 | -37.8% |
| Amounts receivable within one year | 40/41 | €6,500 | €20,498 | +€13,998 | +215% |
| Other amounts receivable | 41 | €6,500 | €20,498 | +€13,998 | +215% |
| Cash at bank and in hand | 54/58 | €11,907 | €4,961 | -€6,946 | -58.3% |
| Deferred charges and accrued income | 490/1 | - | €101,509 | +€101,509 | |
| Total equity and liabilities | 10/49 | €38,409 | €144,682 | +€106,273 | +277% |
| Equity | 10/15 | €19,836 | €20,979 | +€1,143 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€624 | €519 | +€1,143 | |
| Amounts payable | 17/49 | €18,573 | €123,703 | +€105,130 | +566% |
| Amounts payable after more than one year | 17 | €6,767 | €3,340 | -€3,427 | -50.6% |
| Financial debts | 170/4 | €6,767 | €3,340 | -€3,427 | -50.6% |
| Amounts payable within one year | 42/48 | €11,805 | €120,363 | +€108,558 | +920% |
| Current portion of amounts payable after more than one year | 42 | €3,421 | €18,826 | +€15,405 | +450% |
| Trade debts | 44 | €5,772 | €95,435 | +€89,663 | +1,553% |
| Suppliers | 440/4 | €5,772 | €95,435 | +€89,663 | +1,553% |
| Taxes, remuneration and social security | 45 | - | €6,102 | +€6,102 | |
| Taxes | 450/3 | - | €6,102 | +€6,102 | |
| Other amounts payable | 47/48 | €2,612 | - | -€2,612 | |
| Turnover | 70 | €136,808 | €120,771 | -€16,037 | -11.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €128,339 | €114,162 | -€14,177 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,272 | €1,343 | -€7,929 | -85.5% |
| Other operating charges | 640/8 | €1,475 | €2,396 | +€921 | +62.4% |
| Non-recurring operating charges | 66A | - | €1,971 | +€1,971 | |
| Gross operating margin | 9900 | €8,468 | €6,608 | -€1,860 | -22.0% |
| Operating profit (loss) | 9901 | -€2,278 | €898 | +€3,176 | |
| Financial income | 75/76B | - | €1,056 | +€1,056 | |
| Recurring financial income | 75 | - | €1,056 | +€1,056 | |
| Financial charges | 65/66B | €899 | €811 | -€89 | -9.8% |
| Recurring financial charges | 65 | €899 | €811 | -€89 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,178 | €1,143 | +€4,321 | |
| Profit (loss) for the period | 9904 | -€3,178 | €1,143 | +€4,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,178 | €1,143 | +€4,321 |
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 18 October 2026 via checked.be.