Bell@vice: 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.
Bell@vice
Largest movements
- Receivables within one year +€62,134
up €62,134 (+13.5%), from €460,249 to €522,383
of which Trade receivables: +€59,396
- Tangible fixed assets -€16,303
down €16,303 (-13.4%), from €121,699 to €105,396
- Cash +€6,914
up €6,914 (+385.6%), from €1,793 to €8,707
mainly Tax, wage and social debts (+€77,506) and Net result for the year (+€18,433)
- Tax, wage and social debts +€77,506
up €77,506 (+125.1%), from €61,967 to €139,473
of which Taxes: +€41,959
- Trade debts -€25,692
down €25,692 (-36.1%), from €71,119 to €45,427
- Reserves +€18,433
up €18,433 (+51.8%), from €35,601 to €54,034
of which Distributable reserves: +€19,757
- Debts after one year -€14,033
down €14,033 (-4.1%), from €339,873 to €325,840
of which Financial debts: -€14,033
- Gross operating margin +€195,188
up €195,188 (+43.3%), from €450,862 to €646,051
- Staff costs +€171,811
up €171,811 (+40.7%), from €421,794 to €593,606
- Taxes +€11,024
up €11,024 (+368.5%), from €2,991 to €14,015
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 | €590,200 | €643,183 | +€52,983 | +9.0% |
| Fixed assets | 21/28 | €121,699 | €105,396 | -€16,303 | -13.4% |
| Tangible fixed assets | 22/27 | €121,699 | €105,396 | -€16,303 | -13.4% |
| Land and buildings | 22 | €121,699 | €105,396 | -€16,303 | -13.4% |
| Current assets | 29/58 | €468,501 | €537,787 | +€69,286 | +14.8% |
| Amounts receivable within one year | 40/41 | €460,249 | €522,383 | +€62,134 | +13.5% |
| Trade receivables | 40 | €331,311 | €390,707 | +€59,396 | +17.9% |
| Other amounts receivable | 41 | €128,938 | €131,676 | +€2,737 | +2.1% |
| Current investments | 50/53 | €1,572 | €1,876 | +€304 | +19.3% |
| Cash at bank and in hand | 54/58 | €1,793 | €8,707 | +€6,914 | +385.6% |
| Deferred charges and accrued income | 490/1 | €4,886 | €4,820 | -€65 | -1.3% |
| Total equity and liabilities | 10/49 | €590,200 | €643,183 | +€52,983 | +9.0% |
| Equity | 10/15 | €54,151 | €72,584 | +€18,433 | +34.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €35,601 | €54,034 | +€18,433 | +51.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €10,019 | €8,695 | -€1,324 | -13.2% |
| Distributable reserves | 133 | €25,582 | €45,339 | +€19,757 | +77.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €5,159 | €4,477 | -€682 | -13.2% |
| Deferred taxes | 168 | €5,159 | €4,477 | -€682 | -13.2% |
| Amounts payable | 17/49 | €530,890 | €566,122 | +€35,232 | +6.6% |
| Amounts payable after more than one year | 17 | €339,873 | €325,840 | -€14,033 | -4.1% |
| Financial debts | 170/4 | €169,873 | €155,840 | -€14,033 | -8.3% |
| Other amounts payable | 178/9 | €170,000 | €170,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €189,208 | €236,462 | +€47,254 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €13,703 | €14,033 | +€330 | +2.4% |
| Trade debts | 44 | €71,119 | €45,427 | -€25,692 | -36.1% |
| Suppliers | 440/4 | €71,119 | €45,427 | -€25,692 | -36.1% |
| Taxes, remuneration and social security | 45 | €61,967 | €139,473 | +€77,506 | +125.1% |
| Taxes | 450/3 | €16,004 | €57,963 | +€41,959 | +262.2% |
| Remuneration and social security | 454/9 | €45,963 | €81,510 | +€35,547 | +77.3% |
| Other amounts payable | 47/48 | €42,419 | €37,529 | -€4,890 | -11.5% |
| Accrued charges and deferred income | 492/3 | €1,809 | €3,820 | +€2,011 | +111.2% |
| Remuneration, social security and pensions | 62 | €421,794 | €593,606 | +€171,811 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,303 | €16,303 | = | 0.0% |
| Other operating charges | 640/8 | €2,276 | €2,235 | -€41 | -1.8% |
| Gross operating margin | 9900 | €450,862 | €646,051 | +€195,188 | +43.3% |
| Operating profit (loss) | 9901 | €10,489 | €33,907 | +€23,418 | +223.3% |
| Financial income | 75/76B | €120 | €5,235 | +€5,115 | +4262.3% |
| Recurring financial income | 75 | €120 | €5,235 | +€5,115 | +4262.3% |
| Financial charges | 65/66B | €7,396 | €7,376 | -€20 | -0.3% |
| Recurring financial charges | 65 | €7,396 | €7,376 | -€20 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €3,213 | €31,766 | +€28,553 | +888.7% |
| Transfer from deferred taxes | 780 | €682 | €682 | = | 0.0% |
| Income taxes | 67/77 | €2,991 | €14,015 | +€11,024 | +368.5% |
| Profit (loss) for the period | 9904 | €903 | €18,433 | +€17,529 | +1940.2% |
| Transfer from tax-exempt reserves | 789 | €1,324 | €1,324 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,228 | €19,757 | +€17,529 | +786.9% |
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 9 October 2026 via checked.be.