BELMAR DIFFUSION: 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.
BELMAR DIFFUSION
Largest movements
- Receivables within one year -€23,206
down €23,206 (-94.1%), from €24,659 to €1,453
- Tangible fixed assets -€5,677
down €5,677 (-81.9%), from €6,935 to €1,258
- Cash -€798
down €798 (-95.0%), from €839 to €42
mainly Debts within one year (-€15,572) and Net result for the year (-€14,109)
- Debts within one year -€15,572
down €15,572 (-18.9%), from €82,559 to €66,987
- Profit (loss) carried forward -€14,109
down €14,109 (-20.8%), from -€67,759 to -€81,868
- Gross operating margin -€100,784
down €100,784 (-98.8%), from €102,037 to €1,253
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,400 | €3,719 | -€29,681 | -88.9% |
| Fixed assets | 21/28 | €7,901 | €2,224 | -€5,677 | -71.9% |
| Tangible fixed assets | 22/27 | €6,935 | €1,258 | -€5,677 | -81.9% |
| Financial fixed assets | 28 | €966 | €966 | = | 0.0% |
| Current assets | 29/58 | €25,499 | €1,495 | -€24,004 | -94.1% |
| Amounts receivable within one year | 40/41 | €24,659 | €1,453 | -€23,206 | -94.1% |
| Cash at bank and in hand | 54/58 | €839 | €42 | -€798 | -95.0% |
| Total equity and liabilities | 10/49 | €33,400 | €3,719 | -€29,681 | -88.9% |
| Equity | 10/15 | -€49,159 | -€63,268 | -€14,109 | -28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,759 | -€81,868 | -€14,109 | -20.8% |
| Amounts payable | 17/49 | €82,559 | €66,987 | -€15,572 | -18.9% |
| Amounts payable within one year | 42/48 | €82,559 | €66,987 | -€15,572 | -18.9% |
| Trade debts | 44 | €33,520 | - | -€33,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,677 | €5,677 | = | 0.0% |
| Gross operating margin | 9900 | €102,037 | €1,253 | -€100,784 | -98.8% |
| Operating profit (loss) | 9901 | -€2,218 | -€14,109 | -€11,891 | -536.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,218 | -€14,109 | -€11,891 | -536.2% |
| Profit (loss) for the period | 9904 | -€2,218 | -€14,109 | -€11,891 | -536.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,218 | -€14,109 | -€11,891 | -536.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.