BELKHAZ: 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.
BELKHAZ
Largest movements
- Cash +€3,725
up €3,725 (+2,551%), from €146 to €3,871
- Profit (loss) carried forward +€7,033
up €7,033 (+39.9%), from -€17,606 to -€10,573
- Other debts -€3,402
no longer reported in 2024 (was €3,402)
- Trade debts +€94
new in 2024: €94
- Gross operating margin +€1,070
up €1,070, from -€892 to €178
- Other operating charges +€118
new in 2024: €118
- Financial charges +€10
up €10 (+31.1%), from €31 to €40
From the 2021 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146 | €3,871 | +€3,725 | +2,551% |
| Current assets | 29/58 | €146 | €3,871 | +€3,725 | +2,551% |
| Cash at bank and in hand | 54/58 | €146 | €3,871 | +€3,725 | +2,551% |
| Total equity and liabilities | 10/49 | €146 | €3,871 | +€3,725 | +2,551% |
| Equity | 10/15 | -€3,256 | €3,777 | +€7,033 | |
| Contributions | 10/11 | €14,350 | €14,350 | = | 0.0% |
| Capital | 10 | €14,350 | - | -€14,350 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €4,250 | - | -€4,250 | |
| Profit (loss) carried forward | 14 | -€17,606 | -€10,573 | +€7,033 | +39.9% |
| Amounts payable | 17/49 | €3,402 | €94 | -€3,308 | -97.2% |
| Amounts payable within one year | 42/48 | €3,402 | €94 | -€3,308 | -97.2% |
| Trade debts | 44 | - | €94 | +€94 | |
| Suppliers | 440/4 | - | €94 | +€94 | |
| Other amounts payable | 47/48 | €3,402 | - | -€3,402 | |
| Other operating charges | 640/8 | - | €118 | +€118 | |
| Gross operating margin | 9900 | -€892 | €178 | +€1,070 | |
| Operating profit (loss) | 9901 | -€892 | €60 | +€952 | |
| Financial charges | 65/66B | €31 | €40 | +€10 | +31.1% |
| Recurring financial charges | 65 | €31 | €40 | +€10 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | -€922 | €20 | +€942 | |
| Profit (loss) for the period | 9904 | -€922 | €20 | +€942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€922 | €20 | +€942 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 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.