BELGO BUILDING: 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 BUILDING
Largest movements
- Receivables within one year +€44,551
up €44,551 (+27.8%), from €160,227 to €204,779
of which Trade receivables: +€38,628
- Tangible fixed assets +€36,903
up €36,903 (+542%), from €6,809 to €43,712
of which Plant, machinery and equipment: +€37,886
- Trade debts +€66,341
up €66,341 (+90.5%), from €73,345 to €139,686
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Profit (loss) carried forward +€8,386
up €8,386 (+10.3%), from €81,080 to €89,465
- Tax, wage and social debts -€5,072
down €5,072 (-19.4%), from €26,171 to €21,099
of which Remuneration and social security: -€20,154
- Turnover +€354,218
new in 2024: €354,218
- Purchases and services +€329,193
new in 2024: €329,193
- Staff costs -€20,475
down €20,475 (-95.6%), from €21,418 to €943
- Gross operating margin +€16,750
up €16,750 (+202%), from €8,276 to €25,026
- Depreciation +€9,566
up €9,566 (+692%), from €1,382 to €10,948
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 | €195,992 | €277,500 | +€81,508 | +41.6% |
| Fixed assets | 21/28 | €13,259 | €50,162 | +€36,903 | +278% |
| Tangible fixed assets | 22/27 | €6,809 | €43,712 | +€36,903 | +542% |
| Plant, machinery and equipment | 23 | €4,449 | €42,335 | +€37,886 | +852% |
| Furniture and vehicles | 24 | €2,360 | €1,377 | -€983 | -41.7% |
| Financial fixed assets | 28 | €6,450 | €6,450 | = | 0.0% |
| Current assets | 29/58 | €182,733 | €227,338 | +€44,605 | +24.4% |
| Amounts receivable within one year | 40/41 | €160,227 | €204,779 | +€44,551 | +27.8% |
| Trade receivables | 40 | €135,848 | €174,477 | +€38,628 | +28.4% |
| Other amounts receivable | 41 | €24,379 | €30,302 | +€5,923 | +24.3% |
| Current investments | 50/53 | €1,360 | €1,360 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,530 | €20,584 | +€54 | +0.3% |
| Deferred charges and accrued income | 490/1 | €616 | €616 | = | 0.0% |
| Total equity and liabilities | 10/49 | €195,992 | €277,500 | +€81,508 | +41.6% |
| Equity | 10/15 | €89,140 | €109,925 | +€20,786 | +23.3% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Contributions outside capital | 11 | €6,200 | €18,600 | +€12,400 | +200% |
| Other | 1109/19 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,080 | €89,465 | +€8,386 | +10.3% |
| Amounts payable | 17/49 | €106,852 | €167,575 | +€60,723 | +56.8% |
| Amounts payable within one year | 42/48 | €106,852 | €167,575 | +€60,723 | +56.8% |
| Trade debts | 44 | €73,345 | €139,686 | +€66,341 | +90.5% |
| Suppliers | 440/4 | €73,345 | €139,686 | +€66,341 | +90.5% |
| Taxes, remuneration and social security | 45 | €26,171 | €21,099 | -€5,072 | -19.4% |
| Taxes | 450/3 | €6,017 | €21,099 | +€15,082 | +251% |
| Remuneration and social security | 454/9 | €20,154 | - | -€20,154 | |
| Other amounts payable | 47/48 | €7,336 | €6,790 | -€547 | -7.4% |
| Turnover | 70 | - | €354,218 | +€354,218 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €329,193 | +€329,193 | |
| Remuneration, social security and pensions | 62 | €21,418 | €943 | -€20,475 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,382 | €10,948 | +€9,566 | +692% |
| Other operating charges | 640/8 | €9,661 | €4,235 | -€5,426 | -56.2% |
| Gross operating margin | 9900 | €8,276 | €25,026 | +€16,750 | +202% |
| Operating profit (loss) | 9901 | -€24,184 | €8,900 | +€33,084 | |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €616 | €515 | -€102 | -16.5% |
| Recurring financial charges | 65 | €616 | €515 | -€102 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,775 | €8,386 | +€33,160 | |
| Income taxes | 67/77 | €8,730 | - | -€8,730 | |
| Profit (loss) for the period | 9904 | -€33,505 | €8,386 | +€41,890 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,505 | €8,386 | +€41,890 |
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 28 October 2026 via checked.be.