BELGA EXPRESS: 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 EXPRESS
Largest movements
- Stocks and contracts -€28,456
down €28,456 (-67.0%), from €42,461 to €14,005
- Cash +€17,073
up €17,073 (+35.9%), from €47,581 to €64,654
mainly Stocks and contracts (+€28,456) and Net result for the year (+€6,711)
- Other debts -€10,043
down €10,043 (-86.4%), from €11,620 to €1,577
- Tax, wage and social debts -€7,016
down €7,016 (-50.1%), from €13,997 to €6,981
of which Taxes: -€7,415
- Profit (loss) carried forward +€6,711
up €6,711 (+14.5%), from €46,422 to €53,133
- Trade debts -€2,217
down €2,217 (-14.8%), from €14,968 to €12,751
- Accrued charges and deferred income +€1,182
new in 2024: €1,182
- Purchases and services -€70,438
down €70,438 (-17.1%), from €411,956 to €341,518
- Turnover -€58,441
down €58,441 (-13.4%), from €435,189 to €376,748
- Staff costs +€27,460
new in 2024: €27,460
- Gross operating margin +€11,997
up €11,997 (+51.6%), from €23,233 to €35,230
- Taxes -€4,425
no longer reported in 2024 (was €4,425)
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 | €96,625 | €85,242 | -€11,383 | -11.8% |
| Current assets | 29/58 | €96,625 | €85,242 | -€11,383 | -11.8% |
| Stocks and contracts in progress | 3 | €42,461 | €14,005 | -€28,456 | -67.0% |
| Stocks | 30/36 | €42,461 | €14,005 | -€28,456 | -67.0% |
| Amounts receivable within one year | 40/41 | €6,583 | €6,583 | = | 0.0% |
| Other amounts receivable | 41 | €6,583 | €6,583 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,581 | €64,654 | +€17,073 | +35.9% |
| Total equity and liabilities | 10/49 | €96,625 | €85,242 | -€11,383 | -11.8% |
| Equity | 10/15 | €56,040 | €62,751 | +€6,711 | +12.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €3,418 | €3,418 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,418 | €3,418 | = | 0.0% |
| Legal reserve | 130 | €3,418 | - | -€3,418 | |
| Reserves not available under the articles | 1311 | - | €3,418 | +€3,418 | |
| Profit (loss) carried forward | 14 | €46,422 | €53,133 | +€6,711 | +14.5% |
| Amounts payable | 17/49 | €40,585 | €22,491 | -€18,094 | -44.6% |
| Amounts payable within one year | 42/48 | €40,585 | €21,309 | -€19,276 | -47.5% |
| Trade debts | 44 | €14,968 | €12,751 | -€2,217 | -14.8% |
| Suppliers | 440/4 | €14,968 | €12,751 | -€2,217 | -14.8% |
| Taxes, remuneration and social security | 45 | €13,997 | €6,981 | -€7,016 | -50.1% |
| Taxes | 450/3 | €12,289 | €4,874 | -€7,415 | -60.3% |
| Remuneration and social security | 454/9 | €1,708 | €2,107 | +€399 | +23.4% |
| Other amounts payable | 47/48 | €11,620 | €1,577 | -€10,043 | -86.4% |
| Accrued charges and deferred income | 492/3 | - | €1,182 | +€1,182 | |
| Turnover | 70 | €435,189 | €376,748 | -€58,441 | -13.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €411,956 | €341,518 | -€70,438 | -17.1% |
| Remuneration, social security and pensions | 62 | - | €27,460 | +€27,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,888 | - | -€2,888 | |
| Other operating charges | 640/8 | €774 | €877 | +€103 | +13.3% |
| Gross operating margin | 9900 | €23,233 | €35,230 | +€11,997 | +51.6% |
| Operating profit (loss) | 9901 | €19,571 | €6,893 | -€12,678 | -64.8% |
| Financial charges | 65/66B | €164 | €182 | +€18 | +11.0% |
| Recurring financial charges | 65 | €164 | €182 | +€18 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €19,407 | €6,711 | -€12,696 | -65.4% |
| Income taxes | 67/77 | €4,425 | - | -€4,425 | |
| Profit (loss) for the period | 9904 | €14,982 | €6,711 | -€8,271 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,982 | €6,711 | -€8,271 | -55.2% |
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 24 October 2026 via checked.be.