BELIFLO: 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.
BELIFLO
Largest movements
- Receivables within one year +€61,366
up €61,366 (+151%), from €40,614 to €101,980
of which Trade receivables: +€64,341
- Cash +€6,788
up €6,788 (+82.3%), from €8,251 to €15,039
mainly Net result for the year (+€27,680) and Trade debts (+€17,174)
- Tangible fixed assets -€2,151
down €2,151 (-42.1%), from €5,112 to €2,961
of which Other tangible fixed assets: -€1,130
- Profit (loss) carried forward +€27,680
up €27,680 (+807%), from €3,429 to €31,109
- Trade debts +€17,174
up €17,174 (+42.9%), from €40,006 to €57,180
- Advances received +€10,610
new in 2024: €10,610
- Tax, wage and social debts +€7,048
up €7,048 (+594%), from €1,187 to €8,235
- Other debts +€2,637
up €2,637 (+27.7%), from €9,514 to €12,151
- Gross operating margin +€28,212
up €28,212 (+297%), from €9,502 to €37,714
- Taxes +€5,472
up €5,472 (+461%), from €1,187 to €6,659
- Depreciation -€821
down €821 (-18.2%), from €4,514 to €3,693
- Financial income +€497
up €497 (+765%), from €65 to €562
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 | €56,636 | €121,785 | +€65,149 | +115% |
| Formation expenses | 20 | €1,120 | €738 | -€382 | -34.1% |
| Fixed assets | 21/28 | €6,611 | €3,960 | -€2,651 | -40.1% |
| Intangible fixed assets | 21 | €1,499 | €999 | -€500 | -33.4% |
| Tangible fixed assets | 22/27 | €5,112 | €2,961 | -€2,151 | -42.1% |
| Plant, machinery and equipment | 23 | €1,210 | €704 | -€506 | -41.8% |
| Furniture and vehicles | 24 | €515 | - | -€515 | |
| Other tangible fixed assets | 26 | €3,387 | €2,257 | -€1,130 | -33.4% |
| Current assets | 29/58 | €48,905 | €117,087 | +€68,182 | +139% |
| Stocks and contracts in progress | 3 | €40 | €68 | +€28 | +70.0% |
| Stocks | 30/36 | €40 | €68 | +€28 | +70.0% |
| Amounts receivable within one year | 40/41 | €40,614 | €101,980 | +€61,366 | +151% |
| Trade receivables | 40 | €31,537 | €95,878 | +€64,341 | +204% |
| Other amounts receivable | 41 | €9,077 | €6,102 | -€2,975 | -32.8% |
| Cash at bank and in hand | 54/58 | €8,251 | €15,039 | +€6,788 | +82.3% |
| Total equity and liabilities | 10/49 | €56,636 | €121,785 | +€65,149 | +115% |
| Equity | 10/15 | €5,929 | €33,609 | +€27,680 | +467% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,429 | €31,109 | +€27,680 | +807% |
| Amounts payable | 17/49 | €50,707 | €88,176 | +€37,469 | +73.9% |
| Amounts payable within one year | 42/48 | €50,707 | €88,176 | +€37,469 | +73.9% |
| Trade debts | 44 | €40,006 | €57,180 | +€17,174 | +42.9% |
| Suppliers | 440/4 | €40,006 | €57,180 | +€17,174 | +42.9% |
| Advances received on contracts in progress | 46 | - | €10,610 | +€10,610 | |
| Taxes, remuneration and social security | 45 | €1,187 | €8,235 | +€7,048 | +594% |
| Taxes | 450/3 | €1,187 | €8,235 | +€7,048 | +594% |
| Other amounts payable | 47/48 | €9,514 | €12,151 | +€2,637 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,514 | €3,693 | -€821 | -18.2% |
| Other operating charges | 640/8 | €136 | €193 | +€57 | +41.9% |
| Gross operating margin | 9900 | €9,502 | €37,714 | +€28,212 | +297% |
| Operating profit (loss) | 9901 | €4,852 | €33,828 | +€28,976 | +597% |
| Financial income | 75/76B | €65 | €562 | +€497 | +765% |
| Recurring financial income | 75 | €65 | €562 | +€497 | +765% |
| Financial charges | 65/66B | €266 | €51 | -€215 | -80.8% |
| Recurring financial charges | 65 | €266 | €51 | -€215 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €4,651 | €34,339 | +€29,688 | +638% |
| Income taxes | 67/77 | €1,187 | €6,659 | +€5,472 | +461% |
| Profit (loss) for the period | 9904 | €3,464 | €27,680 | +€24,216 | +699% |
| Profit (loss) for the period to be appropriated | 9905 | €3,464 | €27,680 | +€24,216 | +699% |
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 14 October 2026 via checked.be.