BELGALAM: 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.
What changed
BELGALAM
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€247,354
2023 · €153,789+€93,566
Equity
€9.7m
2023 · €9.4m+€247,354
Cash
€859,752
2023 · €59,041+€800,712
Balance sheet total
€14.4m
2023 · €13.8m+€637,659
Largest movements
Assets
- Cash +€800,712
up €800,712 (+1,356%), from €59,041 to €859,752
mainly Other debts (+€393,419) and Current investments (+€375,303)
- Current investments -€375,303
down €375,303 (-9.1%), from €4.1m to €3.8m
Equity and liabilities
- Other debts +€393,419
up €393,419 (+9.1%), from €4.3m to €4.7m
- Profit (loss) carried forward +€247,354
up €247,354 (+33.6%), from €737,033 to €984,387
Income statement
- Financial income +€412,527
up €412,527 (+339%), from €121,856 to €534,383
- Financial charges +€296,750
up €296,750, from -€39,994 to €256,757
- Depreciation +€19,009
up €19,009 (+294%), from €6,472 to €25,481
- Other operating income -€11,620
down €11,620 (-71.4%), from €16,277 to €4,657
- Services and other goods -€7,534
down €7,534 (-16.7%), from €45,108 to €37,574
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.
Result 2023
€153,789
Other operating income
-€11,620
Services and other goods
+€7,534
Depreciation
-€19,009
Other operating charges
+€807
Financial income
+€412,527
Financial charges
-€296,750
Taxes
+€77
Result 2024
€247,354
raises the resultlowers the result
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.
From operations
+€533,725
Investment
+€266,987
Financing
€0
Cash 2023
€59,041
From operations (derived)
+€533,725
Net result for the year
+€247,354
Depreciation
+€25,481
Receivables within one year
-€129,728
Smaller working-capital items
-€12
Trade debts
-€2,789
Other debts
+€393,419
Investment (derived)
+€266,987
Investment in fixed assets (net)
-€108,316
Current investments
+€375,303
Cash 2024
€859,752
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,786,316 | €14,423,975 | +€637,659 | +4.6% |
| Fixed assets | 21/28 | €8,662,539 | €8,745,374 | +€82,835 | +1.0% |
| Tangible fixed assets | 22/27 | €12,539 | €95,374 | +€82,835 | +661% |
| Furniture and vehicles | 24 | €12,539 | €95,374 | +€82,835 | +661% |
| Financial fixed assets | 28 | €8,650,000 | €8,650,000 | = | 0.0% |
| Affiliated companies | 280/1 | €8,650,000 | €8,650,000 | = | 0.0% |
| Participating interests | 280 | €8,650,000 | €8,650,000 | = | 0.0% |
| Current assets | 29/58 | €5,123,777 | €5,678,601 | +€554,824 | +10.8% |
| Amounts receivable within one year | 40/41 | €935,821 | €1,065,549 | +€129,728 | +13.9% |
| Trade receivables | 40 | €7,950 | €15,484 | +€7,534 | +94.8% |
| Other amounts receivable | 41 | €927,871 | €1,050,065 | +€122,194 | +13.2% |
| Current investments | 50/53 | €4,127,173 | €3,751,871 | -€375,303 | -9.1% |
| Other investments | 51/53 | €4,127,173 | €3,751,871 | -€375,303 | -9.1% |
| Cash at bank and in hand | 54/58 | €59,041 | €859,752 | +€800,712 | +1,356% |
| Deferred charges and accrued income | 490/1 | €1,742 | €1,429 | -€313 | -18.0% |
| Total equity and liabilities | 10/49 | €13,786,316 | €14,423,975 | +€637,659 | +4.6% |
| Equity | 10/15 | €9,435,964 | €9,683,318 | +€247,354 | +2.6% |
| Contributions | 10/11 | €8,650,000 | €8,650,000 | = | 0.0% |
| Reserves | 13 | €48,931 | €48,931 | = | 0.0% |
| Non-distributable reserves | 130/1 | €48,931 | €48,931 | = | 0.0% |
| Reserves not available under the articles | 1311 | €48,931 | €48,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | €737,033 | €984,387 | +€247,354 | +33.6% |
| Amounts payable | 17/49 | €4,350,352 | €4,740,657 | +€390,305 | +9.0% |
| Amounts payable within one year | 42/48 | €4,349,363 | €4,739,668 | +€390,305 | +9.0% |
| Trade debts | 44 | €8,938 | €6,149 | -€2,789 | -31.2% |
| Suppliers | 440/4 | €8,938 | €6,149 | -€2,789 | -31.2% |
| Taxes, remuneration and social security | 45 | €325 | - | -€325 | |
| Taxes | 450/3 | €325 | - | -€325 | |
| Other amounts payable | 47/48 | €4,340,100 | €4,733,519 | +€393,419 | +9.1% |
| Accrued charges and deferred income | 492/3 | €989 | €989 | = | 0.0% |
| Operating income | 70/76A | €46,277 | €34,657 | -€11,620 | -25.1% |
| Turnover | 70 | €30,000 | €30,000 | = | 0.0% |
| Other operating income | 74 | €16,277 | €4,657 | -€11,620 | -71.4% |
| Operating charges | 60/66A | €53,961 | €64,629 | +€10,668 | +19.8% |
| Services and other goods | 61 | €45,108 | €37,574 | -€7,534 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,472 | €25,481 | +€19,009 | +294% |
| Other operating charges | 640/8 | €2,381 | €1,574 | -€807 | -33.9% |
| Operating profit (loss) | 9901 | -€7,684 | -€29,972 | -€22,288 | -290% |
| Financial income | 75/76B | €121,856 | €534,383 | +€412,527 | +339% |
| Recurring financial income | 75 | €121,856 | €534,383 | +€412,527 | +339% |
| Income from current assets | 751 | €77,890 | €144,075 | +€66,186 | +85.0% |
| Other financial income | 752/9 | €43,966 | €390,308 | +€346,341 | +788% |
| Financial charges | 65/66B | -€39,994 | €256,757 | +€296,750 | |
| Recurring financial charges | 65 | -€39,994 | €256,757 | +€296,750 | |
| Debt charges | 650 | €44 | €128,570 | +€128,526 | +293,439% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€107,414 | -€43,348 | +€64,066 | +59.6% |
| Other financial charges | 652/9 | €67,377 | €171,535 | +€104,159 | +155% |
| Profit (loss) for the period before taxes | 9903 | €154,165 | €247,654 | +€93,489 | +60.6% |
| Income taxes | 67/77 | €377 | €300 | -€77 | -20.5% |
| Taxes | 670/3 | €377 | €300 | -€77 | -20.5% |
| Profit (loss) for the period | 9904 | €153,789 | €247,354 | +€93,566 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €153,789 | €247,354 | +€93,566 | +60.8% |
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 23 October 2026 via checked.be.