BELIMPEX: 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.
BELIMPEX
Largest movements
- Current investments +€14.9m
up €14.9m (+26.8%), from €55.7m to €70.6m
- Financial fixed assets -€7.2m
down €7.2m (-100.0%), from €7.2m to €0
- Receivables within one year -€2.1m
down €2.1m (-49.0%), from €4.2m to €2.1m
- Reserves +€5.8m
up €5.8m (+8.7%), from €66.8m to €72.6m
of which Distributable reserves: +€5.8m
- Financial income -€18.1m
down €18.1m (-75.0%), from €24.2m to €6.0m
- Gross operating margin +€1.7m
up €1.7m, from -€168,694 to €1.5m
- Taxes +€798,911
up €798,911 (+415.0%), from €192,520 to €991,431
- Financial charges +€547,552
up €547,552 (+643.3%), from €85,117 to €632,669
- Other operating charges +€58,903
up €58,903 (+104.8%), from €56,199 to €115,102
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 | €68,172,081 | €74,071,474 | +€5.9m | +8.7% |
| Fixed assets | 21/28 | €7,225,000 | €0 | -€7.2m | -100.0% |
| Financial fixed assets | 28 | €7,225,000 | €0 | -€7.2m | -100.0% |
| Current assets | 29/58 | €60,947,081 | €74,071,474 | +€13.1m | +21.5% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,193,462 | €2,136,656 | -€2.1m | -49.0% |
| Other amounts receivable | 41 | €4,193,462 | €2,136,656 | -€2.1m | -49.0% |
| Current investments | 50/53 | €55,719,314 | €70,626,823 | +€14.9m | +26.8% |
| Cash at bank and in hand | 54/58 | €404,643 | €784,312 | +€379,669 | +93.8% |
| Deferred charges and accrued income | 490/1 | €229,661 | €123,683 | -€105,978 | -46.1% |
| Total equity and liabilities | 10/49 | €68,172,081 | €74,071,474 | +€5.9m | +8.7% |
| Equity | 10/15 | €67,547,865 | €73,356,801 | +€5.8m | +8.6% |
| Contributions | 10/11 | €694,102 | €694,102 | = | 0.0% |
| Capital | 10 | €694,102 | €694,102 | = | 0.0% |
| Issued capital | 100 | €694,102 | €694,102 | = | 0.0% |
| Reserves | 13 | €66,844,024 | €72,644,024 | +€5.8m | +8.7% |
| Non-distributable reserves | 130/1 | €69,410 | €69,410 | = | 0.0% |
| Legal reserve | 130 | €69,410 | €69,410 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,613 | €4,613 | = | 0.0% |
| Distributable reserves | 133 | €66,770,000 | €72,570,000 | +€5.8m | +8.7% |
| Profit (loss) carried forward | 14 | €9,739 | €18,676 | +€8,937 | +91.8% |
| Amounts payable | 17/49 | €624,216 | €714,673 | +€90,457 | +14.5% |
| Amounts payable within one year | 42/48 | €569,052 | €640,038 | +€70,987 | +12.5% |
| Trade debts | 44 | €48,140 | €118,350 | +€70,211 | +145.8% |
| Suppliers | 440/4 | €48,140 | €118,350 | +€70,211 | +145.8% |
| Taxes, remuneration and social security | 45 | €364,508 | €365,249 | +€741 | +0.2% |
| Taxes | 450/3 | €364,508 | €365,249 | +€741 | +0.2% |
| Other amounts payable | 47/48 | €156,404 | €156,439 | +€35 | 0.0% |
| Accrued charges and deferred income | 492/3 | €55,165 | €74,635 | +€19,470 | +35.3% |
| Non-recurring operating income | 76A | €52,974 | €1,785,656 | +€1.7m | +3270.8% |
| Other operating charges | 640/8 | €56,199 | €115,102 | +€58,903 | +104.8% |
| Gross operating margin | 9900 | -€168,694 | €1,508,945 | +€1.7m | |
| Operating profit (loss) | 9901 | -€224,893 | €1,393,843 | +€1.6m | |
| Financial income | 75/76B | €24,157,406 | €6,039,194 | -€18.1m | -75.0% |
| Recurring financial income | 75 | €24,157,406 | €6,039,194 | -€18.1m | -75.0% |
| Financial charges | 65/66B | €85,117 | €632,669 | +€547,552 | +643.3% |
| Recurring financial charges | 65 | €85,117 | €632,669 | +€547,552 | +643.3% |
| Profit (loss) for the period before taxes | 9903 | €23,847,396 | €6,800,368 | -€17.0m | -71.5% |
| Income taxes | 67/77 | €192,520 | €991,431 | +€798,911 | +415.0% |
| Profit (loss) for the period | 9904 | €23,654,876 | €5,808,937 | -€17.8m | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,654,876 | €5,808,937 | -€17.8m | -75.4% |
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 2 October 2026 via checked.be.