BELGAMEX SERVICES: 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.
BELGAMEX SERVICES
Largest movements
- Cash +€23,212
up €23,212 (+112.0%), from €20,727 to €43,940
mainly Net result for the year (+€39,145) and Other debts (+€23,782)
- Current investments -€20,000
no longer reported in 2024 (was €20,000)
- Deferred charges and accrued income -€12,965
down €12,965 (-84.7%), from €15,314 to €2,349
- Tangible fixed assets -€6,727
down €6,727 (-4.1%), from €165,165 to €158,438
of which Land and buildings: -€4,781
- Receivables within one year +€3,120
up €3,120 (+7.8%), from €40,180 to €43,300
of which Other amounts receivable: +€10,316
- Other debts +€23,782
new in 2024: €23,782
- Accrued charges and deferred income -€22,953
down €22,953 (-82.9%), from €27,687 to €4,735
- Debts after one year -€19,341
down €19,341 (-43.8%), from €44,144 to €24,803
- Reserves +€15,363
up €15,363 (+9.8%), from €156,670 to €172,033
- Tax, wage and social debts -€11,599
down €11,599 (-55.5%), from €20,907 to €9,308
of which Taxes: -€10,040
- Other operating charges -€17,100
down €17,100 (-88.3%), from €19,359 to €2,260
- Taxes +€10,605
up €10,605 (+117.9%), from €8,997 to €19,601
- Gross operating margin +€7,932
up €7,932 (+12.5%), from €63,628 to €71,560
- Depreciation -€873
down €873 (-9.5%), from €9,222 to €8,350
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 | €261,386 | €248,026 | -€13,360 | -5.1% |
| Fixed assets | 21/28 | €165,165 | €158,438 | -€6,727 | -4.1% |
| Tangible fixed assets | 22/27 | €165,165 | €158,438 | -€6,727 | -4.1% |
| Land and buildings | 22 | €159,614 | €154,833 | -€4,781 | -3.0% |
| Plant, machinery and equipment | 23 | €5,550 | €3,605 | -€1,946 | -35.1% |
| Current assets | 29/58 | €96,221 | €89,589 | -€6,633 | -6.9% |
| Amounts receivable within one year | 40/41 | €40,180 | €43,300 | +€3,120 | +7.8% |
| Trade receivables | 40 | €31,719 | €24,522 | -€7,197 | -22.7% |
| Other amounts receivable | 41 | €8,461 | €18,778 | +€10,316 | +121.9% |
| Current investments | 50/53 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €20,727 | €43,940 | +€23,212 | +112.0% |
| Deferred charges and accrued income | 490/1 | €15,314 | €2,349 | -€12,965 | -84.7% |
| Total equity and liabilities | 10/49 | €261,386 | €248,026 | -€13,360 | -5.1% |
| Equity | 10/15 | €162,870 | €178,233 | +€15,363 | +9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €156,670 | €172,033 | +€15,363 | +9.8% |
| Distributable reserves | 133 | €156,670 | €172,033 | +€15,363 | +9.8% |
| Amounts payable | 17/49 | €98,515 | €69,793 | -€28,722 | -29.2% |
| Amounts payable after more than one year | 17 | €44,144 | €24,803 | -€19,341 | -43.8% |
| Financial debts | 170/4 | €44,144 | €24,803 | -€19,341 | -43.8% |
| Amounts payable within one year | 42/48 | €26,684 | €40,256 | +€13,571 | +50.9% |
| Trade debts | 44 | €5,778 | €7,165 | +€1,387 | +24.0% |
| Suppliers | 440/4 | €5,778 | €7,165 | +€1,387 | +24.0% |
| Taxes, remuneration and social security | 45 | €20,907 | €9,308 | -€11,599 | -55.5% |
| Taxes | 450/3 | €19,348 | €9,308 | -€10,040 | -51.9% |
| Remuneration and social security | 454/9 | €1,559 | - | -€1,559 | |
| Other amounts payable | 47/48 | - | €23,782 | +€23,782 | |
| Accrued charges and deferred income | 492/3 | €27,687 | €4,735 | -€22,953 | -82.9% |
| Remuneration, social security and pensions | 62 | €11 | - | -€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,222 | €8,350 | -€873 | -9.5% |
| Other operating charges | 640/8 | €19,359 | €2,260 | -€17,100 | -88.3% |
| Gross operating margin | 9900 | €63,628 | €71,560 | +€7,932 | +12.5% |
| Operating profit (loss) | 9901 | €35,035 | €60,950 | +€25,915 | +74.0% |
| Financial income | 75/76B | €29 | €564 | +€535 | +1874.6% |
| Recurring financial income | 75 | €29 | €564 | +€535 | +1874.6% |
| Financial charges | 65/66B | €2,332 | €2,768 | +€436 | +18.7% |
| Recurring financial charges | 65 | €2,332 | €2,768 | +€436 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €32,732 | €58,747 | +€26,014 | +79.5% |
| Income taxes | 67/77 | €8,997 | €19,601 | +€10,605 | +117.9% |
| Profit (loss) for the period | 9904 | €23,735 | €39,145 | +€15,410 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,735 | €39,145 | +€15,410 | +64.9% |
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 12 October 2026 via checked.be.