BELGIKASH: 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.
BELGIKASH
Largest movements
- Tangible fixed assets -€3,276
no longer reported in 2024 (was €3,276)
- Cash -€1,519
down €1,519 (-12.3%), from €12,317 to €10,798
mainly Other debts (-€9,336) and Investment in fixed assets (net) (-€1,173)
- Formation expenses +€938
new in 2024: €938
- Receivables within one year -€235
down €235 (-19.3%), from €1,219 to €984
- Other debts -€9,336
no longer reported in 2024 (was €9,336)
- Contributions -€6,197
no longer reported in 2024 (was €6,197)
- Reserves +€6,197
up €6,197 (+333.3%), from €1,859 to €8,057
of which Distributable reserves: +€8,057
- Profit (loss) carried forward +€4,023
up €4,023, from -€972 to €3,052
- Trade debts +€1,136
up €1,136 (+107.0%), from €1,061 to €2,197
- Turnover -€57,917
no longer reported in 2024 (was €57,917)
- Gross operating margin -€2,387
down €2,387 (-20.9%), from €11,438 to €9,051
- Purchases and services -€1,446
down €1,446 (-3.1%), from €46,479 to €45,033
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 | €17,483 | €13,305 | -€4,177 | -23.9% |
| Formation expenses | 20 | - | €938 | +€938 | |
| Fixed assets | 21/28 | €3,276 | - | -€3,276 | |
| Tangible fixed assets | 22/27 | €3,276 | - | -€3,276 | |
| Furniture and vehicles | 24 | €3,276 | - | -€3,276 | |
| Current assets | 29/58 | €14,207 | €12,367 | -€1,839 | -12.9% |
| Amounts receivable within one year | 40/41 | €1,219 | €984 | -€235 | -19.3% |
| Other amounts receivable | 41 | €1,219 | €984 | -€235 | -19.3% |
| Cash at bank and in hand | 54/58 | €12,317 | €10,798 | -€1,519 | -12.3% |
| Deferred charges and accrued income | 490/1 | €670 | €585 | -€85 | -12.6% |
| Total equity and liabilities | 10/49 | €17,483 | €13,305 | -€4,177 | -23.9% |
| Equity | 10/15 | €7,085 | €11,108 | +€4,023 | +56.8% |
| Contributions | 10/11 | €6,197 | - | -€6,197 | |
| Capital | 10 | €6,197 | - | -€6,197 | |
| Issued capital | 100 | €6,197 | - | -€6,197 | |
| Reserves | 13 | €1,859 | €8,057 | +€6,197 | +333.3% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €8,057 | +€8,057 | |
| Profit (loss) carried forward | 14 | -€972 | €3,052 | +€4,023 | |
| Amounts payable | 17/49 | €10,398 | €2,197 | -€8,201 | -78.9% |
| Amounts payable within one year | 42/48 | €10,398 | €2,197 | -€8,201 | -78.9% |
| Trade debts | 44 | €1,061 | €2,197 | +€1,136 | +107.0% |
| Suppliers | 440/4 | €1,061 | €2,197 | +€1,136 | +107.0% |
| Other amounts payable | 47/48 | €9,336 | - | -€9,336 | |
| Turnover | 70 | €57,917 | - | -€57,917 | |
| Goods, raw materials, services and sundry goods | 60/61 | €46,479 | €45,033 | -€1,446 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,946 | €3,511 | -€436 | -11.0% |
| Other operating charges | 640/8 | €959 | €1,002 | +€42 | +4.4% |
| Gross operating margin | 9900 | €11,438 | €9,051 | -€2,387 | -20.9% |
| Operating profit (loss) | 9901 | €6,532 | €4,539 | -€1,994 | -30.5% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €537 | €220 | -€317 | -59.0% |
| Recurring financial charges | 65 | €225 | €220 | -€5 | -2.3% |
| Non-recurring financial charges | 66B | €312 | - | -€312 | |
| Profit (loss) for the period before taxes | 9903 | €6,032 | €4,318 | -€1,713 | -28.4% |
| Income taxes | 67/77 | - | €295 | +€295 | |
| Profit (loss) for the period | 9904 | €6,032 | €4,023 | -€2,008 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,032 | €4,023 | -€2,008 | -33.3% |
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 5 October 2026 via checked.be.