BELGIAN HOLDING: 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.
BELGIAN HOLDING
Largest movements
- Receivables after one year +€35,000
up €35,000 (+162.6%), from €21,520 to €56,520
of which Other amounts receivable: +€20,319
- Reserves +€29,500
new in 2024: €29,500
- Trade debts -€6,467
down €6,467 (-100.0%), from €6,467 to €0
- Tax, wage and social debts +€6,440
up €6,440 (+66.5%), from €9,683 to €16,123
of which Taxes: +€6,440
- Short-term financial debts +€5,238
up €5,238 (+118502.0%), from €4 to €5,242
- Gross operating margin +€38,084
up €38,084 (+2199.6%), from €1,731 to €39,816
- Turnover +€34,602
up €34,602 (+63.0%), from €54,925 to €89,527
- Taxes +€8,500
up €8,500 (+566.7%), from €1,500 to €10,000
- Purchases and services -€3,482
down €3,482 (-6.5%), from €53,193 to €49,711
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 | €21,520 | €56,520 | +€35,000 | +162.6% |
| Current assets | 29/58 | €21,520 | €56,520 | +€35,000 | +162.6% |
| Amounts receivable after more than one year | 29 | €21,520 | €56,520 | +€35,000 | +162.6% |
| Trade receivables | 290 | €1,500 | €16,181 | +€14,681 | +978.7% |
| Other amounts receivable | 291 | €20,020 | €40,339 | +€20,319 | +101.5% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €21,520 | €56,520 | +€35,000 | +162.6% |
| Equity | 10/15 | €5,366 | €35,155 | +€29,789 | +555.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €29,500 | +€29,500 | |
| Distributable reserves | 133 | - | €29,500 | +€29,500 | |
| Profit (loss) carried forward | 14 | €366 | €655 | +€289 | +78.8% |
| Amounts payable | 17/49 | €16,154 | €21,365 | +€5,211 | +32.3% |
| Amounts payable within one year | 42/48 | €16,154 | €21,365 | +€5,211 | +32.3% |
| Financial debts | 43 | €4 | €5,242 | +€5,238 | +118502.0% |
| Credit institutions | 430/8 | €4 | €5,242 | +€5,238 | +118502.0% |
| Trade debts | 44 | €6,467 | €0 | -€6,467 | -100.0% |
| Suppliers | 440/4 | €6,467 | €0 | -€6,467 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,683 | €16,123 | +€6,440 | +66.5% |
| Taxes | 450/3 | €9,683 | €16,123 | +€6,440 | +66.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Turnover | 70 | €54,925 | €89,527 | +€34,602 | +63.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,193 | €49,711 | -€3,482 | -6.5% |
| Other operating charges | 640/8 | €62 | €1 | -€61 | -98.5% |
| Gross operating margin | 9900 | €1,731 | €39,816 | +€38,084 | +2199.6% |
| Operating profit (loss) | 9901 | €1,670 | €39,815 | +€38,145 | +2284.7% |
| Financial charges | 65/66B | €55 | €26 | -€29 | -52.1% |
| Recurring financial charges | 65 | €55 | €26 | -€29 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €1,615 | €39,789 | +€38,174 | +2364.2% |
| Income taxes | 67/77 | €1,500 | €10,000 | +€8,500 | +566.7% |
| Profit (loss) for the period | 9904 | €115 | €29,789 | +€29,674 | +25877.7% |
| Profit (loss) for the period to be appropriated | 9905 | €115 | €29,789 | +€29,674 | +25877.7% |
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 10 October 2026 via checked.be.