BELLEMOND: 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.
BELLEMOND
Largest movements
- Current investments +€953,006
up €953,006 (+632.3%), from €150,709 to €1.1m
- Tangible fixed assets +€692,003
up €692,003 (+54.1%), from €1.3m to €2.0m
of which Land and buildings: +€715,709
- Stocks and contracts -€648,120
no longer reported in 2024 (was €648,120)
- Cash -€155,108
down €155,108 (-32.4%), from €478,381 to €323,273
mainly Current investments (-€953,006) and Investment in fixed assets (net) (-€825,987)
- Reserves +€983,400
up €983,400 (+10.2%), from €9.6m to €10.6m
of which Distributable reserves: +€983,400
- Other debts -€202,233
no longer reported in 2024 (was €202,233)
- Short-term financial debts +€150,000
new in 2024: €150,000
- Financial income +€594,646
up €594,646 (+204.9%), from €290,177 to €884,823
- Staff costs +€32,012
up €32,012 (+14.4%), from €221,850 to €253,862
- Gross operating margin +€31,378
up €31,378 (+5.8%), from €536,678 to €568,056
- Taxes +€16,618
up €16,618 (+39.8%), from €41,741 to €58,359
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 | €10,607,932 | €11,413,122 | +€805,190 | +7.6% |
| Fixed assets | 21/28 | €8,601,558 | €9,293,561 | +€692,003 | +8.0% |
| Tangible fixed assets | 22/27 | €1,279,758 | €1,971,760 | +€692,003 | +54.1% |
| Land and buildings | 22 | €1,232,857 | €1,948,566 | +€715,709 | +58.1% |
| Plant, machinery and equipment | 23 | €2,264 | €2,075 | -€189 | -8.3% |
| Furniture and vehicles | 24 | €44,173 | €20,771 | -€23,402 | -53.0% |
| Other tangible fixed assets | 26 | €464 | €348 | -€116 | -25.0% |
| Financial fixed assets | 28 | €7,321,801 | €7,321,801 | = | 0.0% |
| Current assets | 29/58 | €2,006,373 | €2,119,561 | +€113,187 | +5.6% |
| Amounts receivable after more than one year | 29 | €600,000 | €570,000 | -€30,000 | -5.0% |
| Other amounts receivable | 291 | €600,000 | €570,000 | -€30,000 | -5.0% |
| Stocks and contracts in progress | 3 | €648,120 | - | -€648,120 | |
| Stocks | 30/36 | €648,120 | - | -€648,120 | |
| Amounts receivable within one year | 40/41 | €111,767 | €110,719 | -€1,048 | -0.9% |
| Trade receivables | 40 | €47,745 | €62,136 | +€14,390 | +30.1% |
| Other amounts receivable | 41 | €64,021 | €48,584 | -€15,438 | -24.1% |
| Current investments | 50/53 | €150,709 | €1,103,715 | +€953,006 | +632.3% |
| Cash at bank and in hand | 54/58 | €478,381 | €323,273 | -€155,108 | -32.4% |
| Deferred charges and accrued income | 490/1 | €17,397 | €11,854 | -€5,543 | -31.9% |
| Total equity and liabilities | 10/49 | €10,607,932 | €11,413,122 | +€805,190 | +7.6% |
| Equity | 10/15 | €9,767,907 | €10,751,307 | +€983,400 | +10.1% |
| Contributions | 10/11 | €166,973 | €166,973 | = | 0.0% |
| Capital | 10 | €166,973 | €166,973 | = | 0.0% |
| Issued capital | 100 | €166,973 | €166,973 | = | 0.0% |
| Reserves | 13 | €9,600,933 | €10,584,334 | +€983,400 | +10.2% |
| Non-distributable reserves | 130/1 | €16,697 | €16,697 | = | 0.0% |
| Legal reserve | 130 | €16,697 | €16,697 | = | 0.0% |
| Distributable reserves | 133 | €9,584,236 | €10,567,636 | +€983,400 | +10.3% |
| Amounts payable | 17/49 | €840,025 | €661,815 | -€178,210 | -21.2% |
| Amounts payable after more than one year | 17 | €394,333 | €287,445 | -€106,887 | -27.1% |
| Financial debts | 170/4 | €394,333 | €287,445 | -€106,887 | -27.1% |
| Amounts payable within one year | 42/48 | €445,258 | €373,345 | -€71,914 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €167,023 | €156,887 | -€10,136 | -6.1% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €22,540 | €14,778 | -€7,762 | -34.4% |
| Suppliers | 440/4 | €22,540 | €14,778 | -€7,762 | -34.4% |
| Taxes, remuneration and social security | 45 | €53,462 | €51,680 | -€1,782 | -3.3% |
| Taxes | 450/3 | €31,989 | €28,579 | -€3,411 | -10.7% |
| Remuneration and social security | 454/9 | €21,473 | €23,101 | +€1,628 | +7.6% |
| Other amounts payable | 47/48 | €202,233 | - | -€202,233 | |
| Accrued charges and deferred income | 492/3 | €434 | €1,025 | +€591 | +136.1% |
| Non-recurring operating income | 76A | €50,000 | - | -€50,000 | |
| Remuneration, social security and pensions | 62 | €221,850 | €253,862 | +€32,012 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,538 | €133,984 | +€3,447 | +2.6% |
| Other operating charges | 640/8 | €7,306 | €7,584 | +€278 | +3.8% |
| Gross operating margin | 9900 | €536,678 | €568,056 | +€31,378 | +5.8% |
| Operating profit (loss) | 9901 | €176,984 | €172,625 | -€4,358 | -2.5% |
| Financial income | 75/76B | €290,177 | €884,823 | +€594,646 | +204.9% |
| Recurring financial income | 75 | €290,177 | €884,823 | +€594,646 | +204.9% |
| Financial charges | 65/66B | €16,778 | €15,689 | -€1,089 | -6.5% |
| Recurring financial charges | 65 | €16,778 | €15,689 | -€1,089 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €450,384 | €1,041,760 | +€591,376 | +131.3% |
| Income taxes | 67/77 | €41,741 | €58,359 | +€16,618 | +39.8% |
| Profit (loss) for the period | 9904 | €408,643 | €983,400 | +€574,758 | +140.7% |
| Profit (loss) for the period to be appropriated | 9905 | €408,643 | €983,400 | +€574,758 | +140.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.