BELGOFISC: 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.
BELGOFISC
Largest movements
- Tangible fixed assets -€6,914
down €6,914 (-28.8%), from €24,016 to €17,102
- Receivables within one year -€1,900
down €1,900 (-1.9%), from €101,292 to €99,392
of which Other amounts receivable: -€11,289
- Debts after one year -€3,958
down €3,958 (-15.3%), from €25,927 to €21,969
- Short-term financial debts +€3,791
up €3,791 (+336.1%), from €1,128 to €4,919
- Tax, wage and social debts -€3,559
down €3,559 (-45.8%), from €7,764 to €4,205
of which Taxes: -€3,067
- Profit (loss) carried forward -€2,832
down €2,832 (-4.3%), from €65,747 to €62,915
- Trade debts -€2,224
down €2,224 (-52.5%), from €4,233 to €2,009
- Gross operating margin -€9,858
down €9,858 (-13.9%), from €70,820 to €60,962
- Other operating charges -€8,844
down €8,844 (-91.0%), from €9,718 to €874
- Staff costs +€5,357
up €5,357 (+11.4%), from €46,966 to €52,323
- Financial charges -€2,053
down €2,053 (-55.3%), from €3,715 to €1,662
- Taxes +€930
new in 2024: €930
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 | €128,550 | €120,086 | -€8,464 | -6.6% |
| Fixed assets | 21/28 | €24,591 | €17,677 | -€6,914 | -28.1% |
| Tangible fixed assets | 22/27 | €24,016 | €17,102 | -€6,914 | -28.8% |
| Furniture and vehicles | 24 | €24,016 | €17,102 | -€6,914 | -28.8% |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €103,959 | €102,408 | -€1,550 | -1.5% |
| Stocks and contracts in progress | 3 | €1,765 | €1,765 | = | 0.0% |
| Stocks | 30/36 | €1,765 | €1,765 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,292 | €99,392 | -€1,900 | -1.9% |
| Trade receivables | 40 | €90,003 | €99,392 | +€9,389 | +10.4% |
| Other amounts receivable | 41 | €11,289 | - | -€11,289 | |
| Cash at bank and in hand | 54/58 | €901 | €1,252 | +€350 | +38.8% |
| Total equity and liabilities | 10/49 | €128,550 | €120,086 | -€8,464 | -6.6% |
| Equity | 10/15 | €85,710 | €82,878 | -€2,832 | -3.3% |
| Contributions | 10/11 | €18,600 | €19,963 | +€1,363 | +7.3% |
| Reserves | 13 | €1,363 | - | -€1,363 | |
| Non-distributable reserves | 130/1 | €1,363 | - | -€1,363 | |
| Reserves not available under the articles | 1311 | €1,363 | - | -€1,363 | |
| Profit (loss) carried forward | 14 | €65,747 | €62,915 | -€2,832 | -4.3% |
| Amounts payable | 17/49 | €42,839 | €37,208 | -€5,632 | -13.1% |
| Amounts payable after more than one year | 17 | €25,927 | €21,969 | -€3,958 | -15.3% |
| Financial debts | 170/4 | €25,927 | €21,969 | -€3,958 | -15.3% |
| Amounts payable within one year | 42/48 | €16,913 | €15,238 | -€1,674 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €3,787 | €3,958 | +€170 | +4.5% |
| Financial debts | 43 | €1,128 | €4,919 | +€3,791 | +336.1% |
| Credit institutions | 430/8 | €1,128 | €4,919 | +€3,791 | +336.1% |
| Trade debts | 44 | €4,233 | €2,009 | -€2,224 | -52.5% |
| Suppliers | 440/4 | €4,233 | €2,009 | -€2,224 | -52.5% |
| Taxes, remuneration and social security | 45 | €7,764 | €4,205 | -€3,559 | -45.8% |
| Taxes | 450/3 | €5,523 | €2,456 | -€3,067 | -55.5% |
| Remuneration and social security | 454/9 | €2,241 | €1,748 | -€492 | -22.0% |
| Other amounts payable | 47/48 | - | €148 | +€148 | |
| Remuneration, social security and pensions | 62 | €46,966 | €52,323 | +€5,357 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,005 | €8,005 | = | 0.0% |
| Other operating charges | 640/8 | €9,718 | €874 | -€8,844 | -91.0% |
| Gross operating margin | 9900 | €70,820 | €60,962 | -€9,858 | -13.9% |
| Operating profit (loss) | 9901 | €6,131 | -€241 | -€6,372 | |
| Financial income | 75/76B | €434 | €0 | -€434 | -100.0% |
| Recurring financial income | 75 | €434 | €0 | -€434 | -100.0% |
| Financial charges | 65/66B | €3,715 | €1,662 | -€2,053 | -55.3% |
| Recurring financial charges | 65 | €3,715 | €1,662 | -€2,053 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €2,850 | -€1,902 | -€4,752 | |
| Income taxes | 67/77 | - | €930 | +€930 | |
| Profit (loss) for the period | 9904 | €2,850 | -€2,832 | -€5,682 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,850 | -€2,832 | -€5,682 |
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 12 October 2026 via checked.be.