BELLE OPTIEK: 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.
What changed
BELLE OPTIEK
NACE 46.432, Wholesale trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€4,338
2023 · -€8,058+€3,720
Equity
€127,974
2023 · €132,313-€4,338
Cash
€1,222
2023 · €1,662-€440
Balance sheet total
€485,469
2023 · €542,299-€56,830
Largest movements
Assets
- Stocks and contracts -€28,676
down €28,676 (-27.6%), from €103,963 to €75,287
- Tangible fixed assets -€28,398
down €28,398 (-6.5%), from €434,138 to €405,740
of which Land and buildings: -€17,776
Equity and liabilities
- Debts after one year -€53,173
down €53,173 (-23.3%), from €228,458 to €175,285
- Short-term financial debts +€48,372
new in 2024: €48,372
- Current portion of long-term debt -€36,419
down €36,419 (-45.0%), from €80,882 to €44,464
- Trade debts -€31,088
down €31,088 (-42.8%), from €72,622 to €41,533
- Tax, wage and social debts +€18,943
up €18,943 (+80.4%), from €23,565 to €42,508
of which Taxes: +€18,069
Income statement
- Gross operating margin +€18,833
up €18,833 (+41.4%), from €45,534 to €64,366
- Staff costs +€12,174
new in 2024: €12,174
- Other operating charges +€2,158
up €2,158 (+30.3%), from €7,132 to €9,290
- Taxes +€882
up €882 (+63.9%), from €1,379 to €2,261
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.
Result 2023
-€8,058
Gross operating margin
+€18,833
Staff costs
-€12,174
Depreciation
+€412
Other operating charges
-€2,158
Financial income
-€75
Financial charges
-€262
Taxes
-€882
Deferred taxes and other
+€26
Result 2024
-€4,338
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€41,112
Investment
-€333
Financing
-€41,220
Cash 2023
€1,662
From operations (derived)
+€41,112
Net result for the year
-€4,338
Depreciation
+€28,398
Stocks and contracts
+€28,676
Deferred charges and accrued income
-€352
Provisions
-€3,911
Trade debts
-€31,088
Tax, wage and social debts
+€18,943
Other debts
-€324
Accrued charges and deferred income
+€5,109
Investment (derived)
-€333
Investment in fixed assets (net)
-€333
Financing
-€41,220
Debts after one year
-€53,173
Current portion of long-term debt
-€36,419
Short-term financial debts
+€48,372
Cash 2024
€1,222
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €542,299 | €485,469 | -€56,830 | -10.5% |
| Fixed assets | 21/28 | €436,674 | €408,609 | -€28,065 | -6.4% |
| Tangible fixed assets | 22/27 | €434,138 | €405,740 | -€28,398 | -6.5% |
| Land and buildings | 22 | €395,942 | €378,167 | -€17,776 | -4.5% |
| Plant, machinery and equipment | 23 | €38,196 | €27,574 | -€10,622 | -27.8% |
| Financial fixed assets | 28 | €2,536 | €2,869 | +€333 | +13.1% |
| Current assets | 29/58 | €105,625 | €76,860 | -€28,765 | -27.2% |
| Stocks and contracts in progress | 3 | €103,963 | €75,287 | -€28,676 | -27.6% |
| Stocks | 30/36 | €103,963 | €75,287 | -€28,676 | -27.6% |
| Cash at bank and in hand | 54/58 | €1,662 | €1,222 | -€440 | -26.5% |
| Deferred charges and accrued income | 490/1 | - | €352 | +€352 | |
| Total equity and liabilities | 10/49 | €542,299 | €485,469 | -€56,830 | -10.5% |
| Equity | 10/15 | €132,313 | €127,974 | -€4,338 | -3.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €100,937 | €93,344 | -€7,593 | -7.5% |
| Non-distributable reserves | 130/1 | €3,100 | €0 | -€3,100 | -100% |
| Reserves not available under the articles | 1311 | €3,100 | €0 | -€3,100 | -100% |
| Tax-exempt reserves | 132 | €7,593 | €0 | -€7,593 | -100% |
| Distributable reserves | 133 | €90,244 | €93,344 | +€3,100 | +3.4% |
| Profit (loss) carried forward | 14 | €376 | €3,631 | +€3,254 | +865% |
| Provisions and deferred taxes | 16 | €3,911 | €0 | -€3,911 | -100% |
| Deferred taxes | 168 | €3,911 | €0 | -€3,911 | -100% |
| Amounts payable | 17/49 | €406,075 | €357,495 | -€48,580 | -12.0% |
| Amounts payable after more than one year | 17 | €228,458 | €175,285 | -€53,173 | -23.3% |
| Financial debts | 170/4 | €228,458 | €175,285 | -€53,173 | -23.3% |
| Amounts payable within one year | 42/48 | €177,617 | €177,101 | -€516 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €80,882 | €44,464 | -€36,419 | -45.0% |
| Financial debts | 43 | - | €48,372 | +€48,372 | |
| Credit institutions | 430/8 | - | €48,372 | +€48,372 | |
| Trade debts | 44 | €72,622 | €41,533 | -€31,088 | -42.8% |
| Suppliers | 440/4 | €72,622 | €41,533 | -€31,088 | -42.8% |
| Taxes, remuneration and social security | 45 | €23,565 | €42,508 | +€18,943 | +80.4% |
| Taxes | 450/3 | €23,565 | €41,634 | +€18,069 | +76.7% |
| Remuneration and social security | 454/9 | - | €874 | +€874 | |
| Other amounts payable | 47/48 | €548 | €224 | -€324 | -59.1% |
| Accrued charges and deferred income | 492/3 | - | €5,109 | +€5,109 | |
| Remuneration, social security and pensions | 62 | - | €12,174 | +€12,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,809 | €28,398 | -€412 | -1.4% |
| Other operating charges | 640/8 | €7,132 | €9,290 | +€2,158 | +30.3% |
| Gross operating margin | 9900 | €45,534 | €64,366 | +€18,833 | +41.4% |
| Operating profit (loss) | 9901 | €9,593 | €14,505 | +€4,913 | +51.2% |
| Financial income | 75/76B | €114 | €38 | -€75 | -66.3% |
| Recurring financial income | 75 | €114 | €38 | -€75 | -66.3% |
| Financial charges | 65/66B | €20,270 | €20,532 | +€262 | +1.3% |
| Recurring financial charges | 65 | €20,270 | €20,532 | +€262 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,564 | -€5,989 | +€4,575 | +43.3% |
| Transfer from deferred taxes | 780 | €3,885 | €3,911 | +€26 | +0.7% |
| Income taxes | 67/77 | €1,379 | €2,261 | +€882 | +63.9% |
| Profit (loss) for the period | 9904 | -€8,058 | -€4,338 | +€3,720 | +46.2% |
| Transfer from tax-exempt reserves | 789 | €7,542 | €7,593 | +€51 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€516 | €3,254 | +€3,771 |
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 24 October 2026 via checked.be.