BELIMMEX: what changed
Two fiscal 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.
BELIMMEX
Largest movements
- Tangible fixed assets +€348,584
up €348,584 (+79.7%), from €437,557 to €786,141
of which Land and buildings: +€264,640
- Cash -€44,524
down €44,524 (-98.9%), from €45,000 to €476
mainly Investment in fixed assets (net) (-€389,369) and Short-term financial debts (-€195,242)
- Receivables within one year +€15,441
up €15,441 (+12522.4%), from €123 to €15,565
of which Trade receivables: +€15,565
- Debts after one year +€524,613
up €524,613 (+181.7%), from €288,744 to €813,357
of which Financial debts: +€511,162
- Short-term financial debts -€195,242
no longer reported in 2024 (was €195,242)
- Profit (loss) carried forward -€57,520
down €57,520 (-332.3%), from -€17,308 to -€74,829
- Current portion of long-term debt +€23,942
up €23,942 (+287.8%), from €8,318 to €32,260
- Trade debts +€17,361
up €17,361 (+9485.0%), from €183 to €17,544
- Depreciation +€26,747
up €26,747 (+193.5%), from €13,826 to €40,573
- Financial charges +€19,948
up €19,948 (+435.8%), from €4,577 to €24,525
- Gross operating margin +€12,799
up €12,799 (+689.1%), from €1,857 to €14,656
- Other operating charges +€6,368
up €6,368 (+835.1%), from €762 to €7,130
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 | €482,831 | €805,832 | +€323,001 | +66.9% |
| Formation expenses | 20 | €150 | - | -€150 | |
| Fixed assets | 21/28 | €437,557 | €786,503 | +€348,946 | +79.7% |
| Intangible fixed assets | 21 | - | €363 | +€363 | |
| Tangible fixed assets | 22/27 | €437,557 | €786,141 | +€348,584 | +79.7% |
| Land and buildings | 22 | €429,133 | €693,772 | +€264,640 | +61.7% |
| Plant, machinery and equipment | 23 | - | €30,434 | +€30,434 | |
| Furniture and vehicles | 24 | €8,424 | €61,934 | +€53,510 | +635.2% |
| Current assets | 29/58 | €45,123 | €19,328 | -€25,795 | -57.2% |
| Amounts receivable within one year | 40/41 | €123 | €15,565 | +€15,441 | +12522.4% |
| Trade receivables | 40 | - | €15,565 | +€15,565 | |
| Other amounts receivable | 41 | €123 | - | -€123 | |
| Cash at bank and in hand | 54/58 | €45,000 | €476 | -€44,524 | -98.9% |
| Deferred charges and accrued income | 490/1 | - | €3,288 | +€3,288 | |
| Total equity and liabilities | 10/49 | €482,831 | €805,832 | +€323,001 | +66.9% |
| Equity | 10/15 | -€12,308 | -€69,829 | -€57,520 | -467.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | -€17,308 | -€74,829 | -€57,520 | -332.3% |
| Amounts payable | 17/49 | €495,139 | €875,660 | +€380,521 | +76.9% |
| Amounts payable after more than one year | 17 | €288,744 | €813,357 | +€524,613 | +181.7% |
| Financial debts | 170/4 | €36,004 | €547,166 | +€511,162 | +1419.7% |
| Other amounts payable | 178/9 | €252,740 | €266,191 | +€13,452 | +5.3% |
| Amounts payable within one year | 42/48 | €206,395 | €62,303 | -€144,092 | -69.8% |
| Current portion of amounts payable after more than one year | 42 | €8,318 | €32,260 | +€23,942 | +287.8% |
| Financial debts | 43 | €195,242 | - | -€195,242 | |
| Credit institutions | 430/8 | €195,242 | - | -€195,242 | |
| Trade debts | 44 | €183 | €17,544 | +€17,361 | +9485.0% |
| Suppliers | 440/4 | €183 | €17,544 | +€17,361 | +9485.0% |
| Taxes, remuneration and social security | 45 | €2,653 | €12,499 | +€9,846 | +371.1% |
| Taxes | 450/3 | €2,653 | €9,399 | +€6,746 | +254.3% |
| Remuneration and social security | 454/9 | - | €3,100 | +€3,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,826 | €40,573 | +€26,747 | +193.5% |
| Other operating charges | 640/8 | €762 | €7,130 | +€6,368 | +835.1% |
| Gross operating margin | 9900 | €1,857 | €14,656 | +€12,799 | +689.1% |
| Operating profit (loss) | 9901 | -€12,731 | -€33,048 | -€20,316 | -159.6% |
| Financial income | 75/76B | - | €52 | +€52 | |
| Recurring financial income | 75 | - | €52 | +€52 | |
| Financial charges | 65/66B | €4,577 | €24,525 | +€19,948 | +435.8% |
| Recurring financial charges | 65 | €4,577 | €24,525 | +€19,948 | +435.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,308 | -€57,520 | -€40,212 | -232.3% |
| Profit (loss) for the period | 9904 | -€17,308 | -€57,520 | -€40,212 | -232.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,308 | -€57,520 | -€40,212 | -232.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.