Belle & M: 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.
Belle & M
Largest movements
- Receivables within one year -€664
down €664 (-11.0%), from €6,032 to €5,368
- Cash -€416
down €416 (-89.8%), from €463 to €47
mainly Net result for the year (-€1,080)
- Profit (loss) carried forward -€1,080
down €1,080 (-16.6%), from -€6,504 to -€7,584
- Other operating charges -€499
no longer reported in 2024 (was €499)
- Gross operating margin -€412
down €412 (-77.2%), from -€533 to -€946
- Financial charges +€226
up €226 (+197%), from €115 to €340
- Financial income +€206
new in 2024: €206
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 | €6,495 | €5,415 | -€1,080 | -16.6% |
| Current assets | 29/58 | €6,495 | €5,415 | -€1,080 | -16.6% |
| Amounts receivable within one year | 40/41 | €6,032 | €5,368 | -€664 | -11.0% |
| Other amounts receivable | 41 | €6,032 | €5,368 | -€664 | -11.0% |
| Cash at bank and in hand | 54/58 | €463 | €47 | -€416 | -89.8% |
| Total equity and liabilities | 10/49 | €6,495 | €5,415 | -€1,080 | -16.6% |
| Equity | 10/15 | €5,996 | €4,916 | -€1,080 | -18.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,504 | -€7,584 | -€1,080 | -16.6% |
| Amounts payable | 17/49 | €499 | €499 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €499 | €499 | = | 0.0% |
| Other operating charges | 640/8 | €499 | - | -€499 | |
| Gross operating margin | 9900 | -€533 | -€946 | -€412 | -77.2% |
| Operating profit (loss) | 9901 | -€1,033 | -€946 | +€87 | +8.5% |
| Financial income | 75/76B | - | €206 | +€206 | |
| Recurring financial income | 75 | - | €206 | +€206 | |
| Financial charges | 65/66B | €115 | €340 | +€226 | +197% |
| Recurring financial charges | 65 | €115 | €340 | +€226 | +197% |
| Profit (loss) for the period before taxes | 9903 | -€1,148 | -€1,080 | +€67 | +5.9% |
| Profit (loss) for the period | 9904 | -€1,148 | -€1,080 | +€67 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,148 | -€1,080 | +€67 | +5.9% |
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 15 October 2026 via checked.be.