BELIXYS: 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.
BELIXYS
Largest movements
- Intangible fixed assets +€80,959
up €80,959 (+109.7%), from €73,799 to €154,758
- Cash -€62,618
down €62,618 (-97.1%), from €64,460 to €1,842
mainly Investment in fixed assets (net) (-€190,357) and Net result for the year (-€175,296)
- Receivables within one year -€54,438
down €54,438 (-13.7%), from €396,058 to €341,620
of which Trade receivables: -€84,751
- Stocks and contracts -€26,047
down €26,047 (-28.3%), from €91,981 to €65,934
- Tangible fixed assets +€25,396
up €25,396 (+54.3%), from €46,778 to €72,174
of which Plant, machinery and equipment: +€14,109
- Profit (loss) carried forward -€175,296
down €175,296 (-83.0%), from -€211,274 to -€386,569
- Debts after one year +€61,588
up €61,588 (+11.2%), from €550,000 to €611,588
- Trade debts +€41,504
up €41,504 (+232.4%), from €17,859 to €59,363
- Current portion of long-term debt +€30,305
new in 2024: €30,305
- Accrued charges and deferred income +€8,250
up €8,250 (+37.9%), from €21,781 to €30,031
- Gross operating margin -€195,790
down €195,790 (-54.6%), from €358,470 to €162,681
- Taxes -€56,119
down €56,119, from €28,448 to -€27,671
- Staff costs +€36,469
up €36,469 (+16.8%), from €216,445 to €252,914
- Depreciation +€26,288
up €26,288 (+54.6%), from €48,144 to €74,432
- Financial charges +€15,863
up €15,863 (+121.6%), from €13,051 to €28,914
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 | €682,881 | €652,822 | -€30,059 | -4.4% |
| Fixed assets | 21/28 | €126,527 | €242,452 | +€115,925 | +91.6% |
| Intangible fixed assets | 21 | €73,799 | €154,758 | +€80,959 | +109.7% |
| Tangible fixed assets | 22/27 | €46,778 | €72,174 | +€25,396 | +54.3% |
| Plant, machinery and equipment | 23 | €30,360 | €44,468 | +€14,109 | +46.5% |
| Furniture and vehicles | 24 | €8,550 | €21,009 | +€12,459 | +145.7% |
| Other tangible fixed assets | 26 | €7,869 | €6,697 | -€1,172 | -14.9% |
| Financial fixed assets | 28 | €5,950 | €15,520 | +€9,570 | +160.8% |
| Current assets | 29/58 | €556,354 | €410,370 | -€145,984 | -26.2% |
| Amounts receivable after more than one year | 29 | €3,050 | - | -€3,050 | |
| Trade receivables | 290 | €3,050 | - | -€3,050 | |
| Stocks and contracts in progress | 3 | €91,981 | €65,934 | -€26,047 | -28.3% |
| Stocks | 30/36 | €91,981 | €65,934 | -€26,047 | -28.3% |
| Amounts receivable within one year | 40/41 | €396,058 | €341,620 | -€54,438 | -13.7% |
| Trade receivables | 40 | €329,201 | €244,450 | -€84,751 | -25.7% |
| Other amounts receivable | 41 | €66,857 | €97,170 | +€30,313 | +45.3% |
| Cash at bank and in hand | 54/58 | €64,460 | €1,842 | -€62,618 | -97.1% |
| Deferred charges and accrued income | 490/1 | €805 | €973 | +€168 | +20.9% |
| Total equity and liabilities | 10/49 | €682,881 | €652,822 | -€30,059 | -4.4% |
| Equity | 10/15 | -€198,874 | -€374,169 | -€175,296 | -88.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€211,274 | -€386,569 | -€175,296 | -83.0% |
| Amounts payable | 17/49 | €881,755 | €1,026,992 | +€145,237 | +16.5% |
| Amounts payable after more than one year | 17 | €550,000 | €611,588 | +€61,588 | +11.2% |
| Financial debts | 170/4 | €550,000 | €611,588 | +€61,588 | +11.2% |
| Amounts payable within one year | 42/48 | €309,974 | €385,373 | +€75,399 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | - | €30,305 | +€30,305 | |
| Financial debts | 43 | €200,000 | €199,000 | -€1,000 | -0.5% |
| Credit institutions | 430/8 | €200,000 | €199,000 | -€1,000 | -0.5% |
| Trade debts | 44 | €17,859 | €59,363 | +€41,504 | +232.4% |
| Suppliers | 440/4 | €17,859 | €59,363 | +€41,504 | +232.4% |
| Taxes, remuneration and social security | 45 | €53,539 | €57,124 | +€3,584 | +6.7% |
| Taxes | 450/3 | €15,350 | €21,382 | +€6,032 | +39.3% |
| Remuneration and social security | 454/9 | €38,190 | €35,742 | -€2,448 | -6.4% |
| Other amounts payable | 47/48 | €38,576 | €39,582 | +€1,006 | +2.6% |
| Accrued charges and deferred income | 492/3 | €21,781 | €30,031 | +€8,250 | +37.9% |
| Remuneration, social security and pensions | 62 | €216,445 | €252,914 | +€36,469 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,144 | €74,432 | +€26,288 | +54.6% |
| Other operating charges | 640/8 | €943 | €7,127 | +€6,184 | +655.8% |
| Non-recurring operating charges | 66A | - | €3,050 | +€3,050 | |
| Gross operating margin | 9900 | €358,470 | €162,681 | -€195,790 | -54.6% |
| Operating profit (loss) | 9901 | €92,938 | -€174,842 | -€267,780 | |
| Financial income | 75/76B | €342 | €789 | +€447 | +130.9% |
| Recurring financial income | 75 | €342 | €789 | +€447 | +130.9% |
| Financial charges | 65/66B | €13,051 | €28,914 | +€15,863 | +121.6% |
| Recurring financial charges | 65 | €13,051 | €28,914 | +€15,863 | +121.6% |
| Profit (loss) for the period before taxes | 9903 | €80,230 | -€202,967 | -€283,196 | |
| Income taxes | 67/77 | €28,448 | -€27,671 | -€56,119 | |
| Profit (loss) for the period | 9904 | €51,781 | -€175,296 | -€227,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,781 | -€175,296 | -€227,077 |
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.