BELGITECH: 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.
BELGITECH
Largest movements
- Cash +€16,300
up €16,300 (+39.7%), from €41,042 to €57,342
mainly Net result for the year (+€61,680) and Other debts (+€46,370)
- Tangible fixed assets -€10,166
down €10,166 (-66.4%), from €15,301 to €5,135
of which Furniture and vehicles: -€12,918
- Deferred charges and accrued income +€9,001
up €9,001 (+551.8%), from €1,631 to €10,632
- Receivables within one year -€3,379
down €3,379 (-66.6%), from €5,072 to €1,693
- Other debts +€46,370
up €46,370 (+268.0%), from €17,300 to €63,671
- Tax, wage and social debts -€24,296
down €24,296 (-99.9%), from €24,326 to €30
of which Taxes: -€18,808
- Current portion of long-term debt -€7,563
no longer reported in 2024 (was €7,563)
- Trade debts -€2,593
down €2,593 (-41.4%), from €6,268 to €3,675
- Gross operating margin +€44,330
up €44,330 (+134.8%), from €32,880 to €77,210
- Taxes +€6,699
up €6,699 (+107.0%), from €6,261 to €12,959
- Depreciation -€6,114
down €6,114 (-82.2%), from €7,439 to €1,326
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 | €68,145 | €79,899 | +€11,754 | +17.2% |
| Fixed assets | 21/28 | €20,399 | €10,233 | -€10,166 | -49.8% |
| Tangible fixed assets | 22/27 | €15,301 | €5,135 | -€10,166 | -66.4% |
| Plant, machinery and equipment | 23 | - | €2,751 | +€2,751 | |
| Furniture and vehicles | 24 | €15,301 | €2,384 | -€12,918 | -84.4% |
| Financial fixed assets | 28 | €5,098 | €5,098 | = | 0.0% |
| Current assets | 29/58 | €47,746 | €69,667 | +€21,921 | +45.9% |
| Amounts receivable within one year | 40/41 | €5,072 | €1,693 | -€3,379 | -66.6% |
| Other amounts receivable | 41 | €5,072 | €1,693 | -€3,379 | -66.6% |
| Cash at bank and in hand | 54/58 | €41,042 | €57,342 | +€16,300 | +39.7% |
| Deferred charges and accrued income | 490/1 | €1,631 | €10,632 | +€9,001 | +551.8% |
| Total equity and liabilities | 10/49 | €68,145 | €79,899 | +€11,754 | +17.2% |
| Equity | 10/15 | €12,523 | €12,523 | = | 0.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €4,523 | €4,523 | = | 0.0% |
| Distributable reserves | 133 | €4,523 | €4,523 | = | 0.0% |
| Amounts payable | 17/49 | €55,622 | €67,376 | +€11,754 | +21.1% |
| Amounts payable within one year | 42/48 | €55,459 | €67,376 | +€11,918 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €7,563 | - | -€7,563 | |
| Trade debts | 44 | €6,268 | €3,675 | -€2,593 | -41.4% |
| Suppliers | 440/4 | €6,268 | €3,675 | -€2,593 | -41.4% |
| Taxes, remuneration and social security | 45 | €24,326 | €30 | -€24,296 | -99.9% |
| Taxes | 450/3 | €18,838 | €30 | -€18,808 | -99.8% |
| Remuneration and social security | 454/9 | €5,488 | - | -€5,488 | |
| Other amounts payable | 47/48 | €17,300 | €63,671 | +€46,370 | +268.0% |
| Accrued charges and deferred income | 492/3 | €163 | - | -€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,439 | €1,326 | -€6,114 | -82.2% |
| Other operating charges | 640/8 | €1,479 | €976 | -€503 | -34.0% |
| Gross operating margin | 9900 | €32,880 | €77,210 | +€44,330 | +134.8% |
| Operating profit (loss) | 9901 | €23,961 | €74,908 | +€50,947 | +212.6% |
| Financial charges | 65/66B | €400 | €269 | -€131 | -32.8% |
| Recurring financial charges | 65 | €400 | €269 | -€131 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €23,561 | €74,639 | +€51,078 | +216.8% |
| Income taxes | 67/77 | €6,261 | €12,959 | +€6,699 | +107.0% |
| Profit (loss) for the period | 9904 | €17,300 | €61,680 | +€44,379 | +256.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,300 | €61,680 | +€44,379 | +256.5% |
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 2 October 2026 via checked.be.