BELGO BAKE: 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.
BELGO BAKE
Largest movements
- Receivables within one year -€5,554
down €5,554 (-26.7%), from €20,807 to €15,253
of which Trade receivables: -€6,107
- Tangible fixed assets +€3,237
up €3,237 (+13.9%), from €23,337 to €26,573
of which Furniture and vehicles: +€10,237
- Cash -€1,483
down €1,483 (-90.8%), from €1,633 to €150
mainly Investment in fixed assets (net) (-€19,950) and Net result for the year (-€12,432)
- Stocks and contracts -€1,364
down €1,364 (-21.7%), from €6,295 to €4,931
- Profit (loss) carried forward -€12,432
down €12,432 (-47.7%), from -€26,079 to -€38,511
- Trade debts +€7,733
up €7,733 (+14.6%), from €52,813 to €60,545
- Other debts +€7,337
new in 2024: €7,337
- Accrued charges and deferred income -€6,777
no longer reported in 2024 (was €6,777)
- Tax, wage and social debts -€2,097
down €2,097 (-11.3%), from €18,561 to €16,464
of which Remuneration and social security: -€10,384
- Turnover -€270,660
no longer reported in 2024 (was €270,660)
- Purchases and services -€227,869
no longer reported in 2024 (was €227,869)
- Staff costs +€8,332
up €8,332 (+27.5%), from €30,313 to €38,645
- Depreciation +€4,664
up €4,664 (+38.7%), from €12,049 to €16,713
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.
Derived cash bridge
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 | €52,072 | €46,907 | -€5,165 | -9.9% |
| Fixed assets | 21/28 | €23,337 | €26,573 | +€3,237 | +13.9% |
| Tangible fixed assets | 22/27 | €23,337 | €26,573 | +€3,237 | +13.9% |
| Plant, machinery and equipment | 23 | €18,667 | €11,667 | -€7,000 | -37.5% |
| Furniture and vehicles | 24 | €4,670 | €14,907 | +€10,237 | +219% |
| Current assets | 29/58 | €28,736 | €20,334 | -€8,401 | -29.2% |
| Stocks and contracts in progress | 3 | €6,295 | €4,931 | -€1,364 | -21.7% |
| Stocks | 30/36 | €6,295 | €4,931 | -€1,364 | -21.7% |
| Amounts receivable within one year | 40/41 | €20,807 | €15,253 | -€5,554 | -26.7% |
| Trade receivables | 40 | €15,960 | €9,853 | -€6,107 | -38.3% |
| Other amounts receivable | 41 | €4,847 | €5,401 | +€553 | +11.4% |
| Cash at bank and in hand | 54/58 | €1,633 | €150 | -€1,483 | -90.8% |
| Total equity and liabilities | 10/49 | €52,072 | €46,907 | -€5,165 | -9.9% |
| Equity | 10/15 | -€26,079 | -€38,511 | -€12,432 | -47.7% |
| Profit (loss) carried forward | 14 | -€26,079 | -€38,511 | -€12,432 | -47.7% |
| Amounts payable | 17/49 | €78,151 | €85,418 | +€7,267 | +9.3% |
| Amounts payable within one year | 42/48 | €71,374 | €85,418 | +€14,045 | +19.7% |
| Financial debts | 43 | - | €1,071 | +€1,071 | |
| Credit institutions | 430/8 | - | €1,071 | +€1,071 | |
| Trade debts | 44 | €52,813 | €60,545 | +€7,733 | +14.6% |
| Suppliers | 440/4 | €52,813 | €60,545 | +€7,733 | +14.6% |
| Taxes, remuneration and social security | 45 | €18,561 | €16,464 | -€2,097 | -11.3% |
| Taxes | 450/3 | €5,052 | €13,340 | +€8,287 | +164% |
| Remuneration and social security | 454/9 | €13,509 | €3,125 | -€10,384 | -76.9% |
| Other amounts payable | 47/48 | - | €7,337 | +€7,337 | |
| Accrued charges and deferred income | 492/3 | €6,777 | - | -€6,777 | |
| Turnover | 70 | €270,660 | - | -€270,660 | |
| Goods, raw materials, services and sundry goods | 60/61 | €227,869 | - | -€227,869 | |
| Remuneration, social security and pensions | 62 | €30,313 | €38,645 | +€8,332 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,049 | €16,713 | +€4,664 | +38.7% |
| Other operating charges | 640/8 | €4,851 | €2,256 | -€2,594 | -53.5% |
| Gross operating margin | 9900 | €42,791 | €45,365 | +€2,574 | +6.0% |
| Operating profit (loss) | 9901 | -€4,421 | -€12,249 | -€7,828 | -177% |
| Financial charges | 65/66B | €209 | €182 | -€27 | -12.7% |
| Recurring financial charges | 65 | €209 | €182 | -€27 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,630 | -€12,432 | -€7,802 | -168% |
| Income taxes | 67/77 | €2,536 | - | -€2,536 | |
| Profit (loss) for the period | 9904 | -€7,166 | -€12,432 | -€5,266 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,166 | -€12,432 | -€5,266 | -73.5% |
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 15 October 2026 via checked.be.