BELGATES: what changed
Two fiscal 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.
BELGATES
Largest movements
- Receivables within one year -€6,200
down €6,200 (-22.2%), from €27,897 to €21,697
- Profit (loss) carried forward -€7,173
down €7,173 (-363.7%), from -€1,972 to -€9,145
- Other debts +€1,500
up €1,500 (+26.8%), from €5,593 to €7,093
- Trade debts -€641
down €641 (-15.4%), from €4,155 to €3,514
- Taxes +€6,190
new in 2024: €6,190
- Gross operating margin -€5,301
down €5,301, from €5,057 to -€244
- Financial charges -€1,226
down €1,226 (-90.9%), from €1,349 to €123
- Other operating charges +€231
up €231 (+60.1%), from €384 to €616
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 | €27,945 | €21,730 | -€6,214 | -22.2% |
| Current assets | 29/58 | €27,945 | €21,730 | -€6,214 | -22.2% |
| Amounts receivable within one year | 40/41 | €27,897 | €21,697 | -€6,200 | -22.2% |
| Trade receivables | 40 | €27,897 | €21,697 | -€6,200 | -22.2% |
| Cash at bank and in hand | 54/58 | €47 | €33 | -€14 | -29.7% |
| Total equity and liabilities | 10/49 | €27,945 | €21,730 | -€6,214 | -22.2% |
| Equity | 10/15 | €18,109 | €10,936 | -€7,173 | -39.6% |
| Contributions | 10/11 | €18,222 | €18,222 | = | 0.0% |
| Capital | 10 | €18,222 | €18,222 | = | 0.0% |
| Issued capital | 100 | €18,222 | €18,222 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,972 | -€9,145 | -€7,173 | -363.7% |
| Amounts payable | 17/49 | €9,836 | €10,794 | +€959 | +9.7% |
| Amounts payable within one year | 42/48 | €9,836 | €10,794 | +€959 | +9.7% |
| Trade debts | 44 | €4,155 | €3,514 | -€641 | -15.4% |
| Suppliers | 440/4 | €4,155 | €3,514 | -€641 | -15.4% |
| Taxes, remuneration and social security | 45 | €87 | €187 | +€100 | +114.7% |
| Taxes | 450/3 | €87 | €187 | +€100 | +114.7% |
| Other amounts payable | 47/48 | €5,593 | €7,093 | +€1,500 | +26.8% |
| Non-recurring operating income | 76A | €220 | - | -€220 | |
| Other operating charges | 640/8 | €384 | €616 | +€231 | +60.1% |
| Gross operating margin | 9900 | €5,057 | -€244 | -€5,301 | |
| Operating profit (loss) | 9901 | €4,672 | -€859 | -€5,532 | |
| Financial charges | 65/66B | €1,349 | €123 | -€1,226 | -90.9% |
| Recurring financial charges | 65 | €1,349 | €123 | -€1,226 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | €3,323 | -€982 | -€4,306 | |
| Income taxes | 67/77 | - | €6,190 | +€6,190 | |
| Profit (loss) for the period | 9904 | €3,323 | -€7,173 | -€10,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,323 | -€7,173 | -€10,496 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.