BELLEFROID: 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.
BELLEFROID
Largest movements
- Receivables within one year +€55,060
up €55,060 (+13.6%), from €403,812 to €458,871
of which Other amounts receivable: +€55,060
- Tangible fixed assets -€21,450
down €21,450 (-24.1%), from €89,100 to €67,650
- Reserves +€22,175
up €22,175 (+12.5%), from €177,554 to €199,729
of which Distributable reserves: +€22,175
- Tax, wage and social debts +€7,165
up €7,165 (+14.7%), from €48,773 to €55,937
- Gross operating margin -€150,665
down €150,665 (-79.4%), from €189,800 to €39,136
- Other operating charges -€41,420
down €41,420 (-95.4%), from €43,420 to €2,000
- Taxes -€27,773
down €27,773 (-71.5%), from €38,846 to €11,073
- Financial charges -€22,345
no longer reported in 2023 (was €22,345)
- Financial income +€17,562
new in 2023: €17,562
From the 2022 result to the 2023 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,572 | €526,521 | +€32,950 | +6.7% |
| Fixed assets | 21/28 | €89,760 | €67,650 | -€22,110 | -24.6% |
| Tangible fixed assets | 22/27 | €89,100 | €67,650 | -€21,450 | -24.1% |
| Land and buildings | 22 | €89,100 | €67,650 | -€21,450 | -24.1% |
| Financial fixed assets | 28 | €660 | - | -€660 | |
| Current assets | 29/58 | €403,812 | €458,871 | +€55,060 | +13.6% |
| Amounts receivable within one year | 40/41 | €403,812 | €458,871 | +€55,060 | +13.6% |
| Trade receivables | 40 | €99,126 | €99,126 | = | 0.0% |
| Other amounts receivable | 41 | €304,686 | €359,745 | +€55,060 | +18.1% |
| Total equity and liabilities | 10/49 | €493,572 | €526,521 | +€32,950 | +6.7% |
| Equity | 10/15 | €196,154 | €218,329 | +€22,175 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,554 | €199,729 | +€22,175 | +12.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €175,694 | €197,869 | +€22,175 | +12.6% |
| Amounts payable | 17/49 | €297,418 | €308,192 | +€10,775 | +3.6% |
| Amounts payable after more than one year | 17 | €219,456 | €219,456 | = | 0.0% |
| Financial debts | 170/4 | €219,456 | €219,456 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,962 | €88,737 | +€10,775 | +13.8% |
| Financial debts | 43 | €24,804 | €24,804 | = | 0.0% |
| Credit institutions | 430/8 | €24,804 | €24,804 | = | 0.0% |
| Trade debts | 44 | €4,385 | €7,995 | +€3,610 | +82.3% |
| Suppliers | 440/4 | €4,385 | €7,995 | +€3,610 | +82.3% |
| Taxes, remuneration and social security | 45 | €48,773 | €55,937 | +€7,165 | +14.7% |
| Taxes | 450/3 | €48,773 | €55,937 | +€7,165 | +14.7% |
| Non-recurring operating income | 76A | €175,000 | - | -€175,000 | |
| Remuneration, social security and pensions | 62 | €346 | - | -€346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,450 | €21,450 | = | 0.0% |
| Other operating charges | 640/8 | €43,420 | €2,000 | -€41,420 | -95.4% |
| Gross operating margin | 9900 | €189,800 | €39,136 | -€150,665 | -79.4% |
| Operating profit (loss) | 9901 | €124,585 | €15,686 | -€108,899 | -87.4% |
| Financial income | 75/76B | - | €17,562 | +€17,562 | |
| Recurring financial income | 75 | - | €17,562 | +€17,562 | |
| Financial charges | 65/66B | €22,345 | - | -€22,345 | |
| Recurring financial charges | 65 | €22,345 | - | -€22,345 | |
| Profit (loss) for the period before taxes | 9903 | €102,240 | €33,248 | -€68,991 | -67.5% |
| Income taxes | 67/77 | €38,846 | €11,073 | -€27,773 | -71.5% |
| Profit (loss) for the period | 9904 | €63,393 | €22,175 | -€41,218 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,393 | €22,175 | -€41,218 | -65.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.