BELINAY: 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.
BELINAY
Largest movements
- Receivables within one year +€55,113
up €55,113 (+3,082%), from €1,788 to €56,902
of which Other amounts receivable: +€32,935
- Cash +€11,194
up €11,194 (+802%), from €1,395 to €12,590
mainly Contributions, distributions and other (+€44,931) and Net result for the year (+€24,249)
- Tangible fixed assets -€5,005
down €5,005 (-21.5%), from €23,283 to €18,278
of which Furniture and vehicles: -€5,939
- Stocks and contracts -€1,198
down €1,198 (-51.0%), from €2,350 to €1,152
- Reserves +€39,587
new in 2024: €39,587
of which Distributable reserves: +€37,727
- Profit (loss) carried forward +€17,193
up €17,193, from -€9,052 to €8,141
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Debts after one year -€9,834
down €9,834 (-75.7%), from €12,994 to €3,160
- Trade debts +€5,602
up €5,602 (+182%), from €3,086 to €8,688
- Gross operating margin +€30,920
up €30,920 (+126%), from €24,443 to €55,362
- Other operating charges -€8,944
down €8,944 (-85.0%), from €10,518 to €1,574
- Depreciation +€3,318
up €3,318 (+49.9%), from €6,650 to €9,968
- Financial income +€1,714
up €1,714 (+15,262%), from €11 to €1,725
- Staff costs -€860
down €860 (-5.4%), from €15,972 to €15,112
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 | €29,417 | €90,018 | +€60,601 | +206% |
| Fixed assets | 21/28 | €23,283 | €18,278 | -€5,005 | -21.5% |
| Tangible fixed assets | 22/27 | €23,283 | €18,278 | -€5,005 | -21.5% |
| Furniture and vehicles | 24 | €23,283 | €17,344 | -€5,939 | -25.5% |
| Leasing and similar rights | 25 | - | €933 | +€933 | |
| Current assets | 29/58 | €6,134 | €71,740 | +€65,606 | +1,070% |
| Stocks and contracts in progress | 3 | €2,350 | €1,152 | -€1,198 | -51.0% |
| Stocks | 30/36 | €2,350 | €1,152 | -€1,198 | -51.0% |
| Amounts receivable within one year | 40/41 | €1,788 | €56,902 | +€55,113 | +3,082% |
| Trade receivables | 40 | €1,788 | €23,967 | +€22,179 | +1,240% |
| Other amounts receivable | 41 | - | €32,935 | +€32,935 | |
| Cash at bank and in hand | 54/58 | €1,395 | €12,590 | +€11,194 | +802% |
| Deferred charges and accrued income | 490/1 | €600 | €1,097 | +€497 | +82.8% |
| Total equity and liabilities | 10/49 | €29,417 | €90,018 | +€60,601 | +206% |
| Equity | 10/15 | -€2,852 | €66,328 | +€69,180 | |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | - | €39,587 | +€39,587 | |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €37,727 | +€37,727 | |
| Profit (loss) carried forward | 14 | -€9,052 | €8,141 | +€17,193 | |
| Amounts payable | 17/49 | €32,269 | €23,690 | -€8,579 | -26.6% |
| Amounts payable after more than one year | 17 | €12,994 | €3,160 | -€9,834 | -75.7% |
| Financial debts | 170/4 | €12,994 | €3,160 | -€9,834 | -75.7% |
| Amounts payable within one year | 42/48 | €19,275 | €20,529 | +€1,255 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €9,834 | €9,834 | = | 0.0% |
| Trade debts | 44 | €3,086 | €8,688 | +€5,602 | +182% |
| Suppliers | 440/4 | €3,086 | €8,688 | +€5,602 | +182% |
| Taxes, remuneration and social security | 45 | €6,355 | €2,007 | -€4,348 | -68.4% |
| Taxes | 450/3 | €3,200 | €329 | -€2,871 | -89.7% |
| Remuneration and social security | 454/9 | €3,155 | €1,679 | -€1,476 | -46.8% |
| Remuneration, social security and pensions | 62 | €15,972 | €15,112 | -€860 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,650 | €9,968 | +€3,318 | +49.9% |
| Other operating charges | 640/8 | €10,518 | €1,574 | -€8,944 | -85.0% |
| Non-recurring operating charges | 66A | - | €4,967 | +€4,967 | |
| Gross operating margin | 9900 | €24,443 | €55,362 | +€30,920 | +126% |
| Operating profit (loss) | 9901 | -€8,697 | €23,741 | +€32,438 | |
| Financial income | 75/76B | €11 | €1,725 | +€1,714 | +15,262% |
| Recurring financial income | 75 | €11 | €1,725 | +€1,714 | +15,262% |
| Financial charges | 65/66B | €366 | €1,217 | +€852 | +233% |
| Recurring financial charges | 65 | €366 | €1,217 | +€852 | +233% |
| Profit (loss) for the period before taxes | 9903 | -€9,052 | €24,249 | +€33,300 | |
| Profit (loss) for the period | 9904 | -€9,052 | €24,249 | +€33,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,052 | €24,249 | +€33,300 |
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 17 October 2026 via checked.be.