BELGO CLEANING: 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 CLEANING
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+405%), from €339,610 to €1.7m
of which Trade receivables: +€1.4m
- Tangible fixed assets +€134,075
up €134,075 (+62.2%), from €215,597 to €349,672
of which Furniture and vehicles: +€139,970
- Cash +€115,954
up €115,954 (+56.5%), from €205,117 to €321,071
mainly Trade debts (+€1.6m) and Net result for the year (+€131,300)
- Trade debts +€1.6m
up €1.6m (+298%), from €524,780 to €2.1m
- Profit (loss) carried forward +€131,300
up €131,300 (+8.4%), from -€1.6m to -€1.4m
- Tax, wage and social debts -€36,252
down €36,252 (-49.6%), from €73,073 to €36,821
of which Remuneration and social security: -€23,274
- Taxes -€2.0m
no longer reported in 2024 (was €2.0m)
- Gross operating margin -€147,278
down €147,278 (-25.8%), from €571,305 to €424,026
- Staff costs -€90,590
down €90,590 (-27.3%), from €332,020 to €241,429
- Depreciation -€16,756
down €16,756 (-28.3%), from €59,235 to €42,479
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 | €1,280,873 | €2,906,613 | +€1.6m | +127% |
| Fixed assets | 21/28 | €305,265 | €439,341 | +€134,075 | +43.9% |
| Tangible fixed assets | 22/27 | €215,597 | €349,672 | +€134,075 | +62.2% |
| Land and buildings | 22 | €40,878 | €39,626 | -€1,251 | -3.1% |
| Furniture and vehicles | 24 | €40,062 | €180,031 | +€139,970 | +349% |
| Leasing and similar rights | 25 | €134,658 | €130,015 | -€4,643 | -3.4% |
| Financial fixed assets | 28 | €89,668 | €89,668 | = | 0.0% |
| Current assets | 29/58 | €975,608 | €2,467,272 | +€1.5m | +153% |
| Amounts receivable within one year | 40/41 | €339,610 | €1,715,319 | +€1.4m | +405% |
| Trade receivables | 40 | €300,140 | €1,656,165 | +€1.4m | +452% |
| Other amounts receivable | 41 | €39,470 | €59,154 | +€19,684 | +49.9% |
| Current investments | 50/53 | €2,097 | €2,097 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €205,117 | €321,071 | +€115,954 | +56.5% |
| Deferred charges and accrued income | 490/1 | €428,784 | €428,784 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,280,873 | €2,906,613 | +€1.6m | +127% |
| Equity | 10/15 | -€1,508,790 | -€1,396,980 | +€111,810 | +7.4% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €38,390 | €37,500 | -€890 | -2.3% |
| Non-distributable reserves | 130/1 | €890 | - | -€890 | |
| Reserves not available under the articles | 1311 | €890 | - | -€890 | |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,565,780 | -€1,434,480 | +€131,300 | +8.4% |
| Provisions and deferred taxes | 16 | €2,054,046 | €2,054,046 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,054,046 | €2,054,046 | = | 0.0% |
| Taxes | 161 | €2,019,046 | €2,019,046 | = | 0.0% |
| Other liabilities and charges | 164/5 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable | 17/49 | €735,617 | €2,249,547 | +€1.5m | +206% |
| Amounts payable after more than one year | 17 | €125,163 | €112,042 | -€13,121 | -10.5% |
| Financial debts | 170/4 | €125,163 | €112,042 | -€13,121 | -10.5% |
| Amounts payable within one year | 42/48 | €610,455 | €2,137,505 | +€1.5m | +250% |
| Current portion of amounts payable after more than one year | 42 | €12,601 | €13,121 | +€520 | +4.1% |
| Trade debts | 44 | €524,780 | €2,087,563 | +€1.6m | +298% |
| Suppliers | 440/4 | €524,780 | €2,087,563 | +€1.6m | +298% |
| Taxes, remuneration and social security | 45 | €73,073 | €36,821 | -€36,252 | -49.6% |
| Taxes | 450/3 | €33,357 | €20,380 | -€12,977 | -38.9% |
| Remuneration and social security | 454/9 | €39,716 | €16,442 | -€23,274 | -58.6% |
| Remuneration, social security and pensions | 62 | €332,020 | €241,429 | -€90,590 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,235 | €42,479 | -€16,756 | -28.3% |
| Other operating charges | 640/8 | €4,312 | €7,002 | +€2,690 | +62.4% |
| Gross operating margin | 9900 | €571,305 | €424,026 | -€147,278 | -25.8% |
| Operating profit (loss) | 9901 | €175,738 | €133,116 | -€42,622 | -24.3% |
| Financial charges | 65/66B | €5,014 | €1,816 | -€3,198 | -63.8% |
| Recurring financial charges | 65 | €5,014 | €1,816 | -€3,198 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €170,724 | €131,300 | -€39,424 | -23.1% |
| Income taxes | 67/77 | €2,019,046 | - | -€2.0m | |
| Profit (loss) for the period | 9904 | -€1,848,322 | €131,300 | +€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,848,322 | €131,300 | +€2.0m |
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 20 October 2026 via checked.be.