BELMATIX: 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.
BELMATIX
Largest movements
- Receivables within one year -€17,906
down €17,906 (-41.7%), from €42,900 to €24,994
of which Trade receivables: -€17,478
- Current investments -€6,082
down €6,082 (-45.4%), from €13,382 to €7,300
- Tangible fixed assets +€640
up €640 (+40.8%), from €1,569 to €2,209
- Trade debts -€17,525
down €17,525 (-93.7%), from €18,707 to €1,182
- Advances received -€8,052
no longer reported in 2024 (was €8,052)
- Profit (loss) carried forward +€5,176
up €5,176 (+37.1%), from €13,938 to €19,114
- Tax, wage and social debts -€2,964
down €2,964 (-40.8%), from €7,263 to €4,299
- Taxes -€3,449
no longer reported in 2024 (was €3,449)
- Gross operating margin -€2,366
down €2,366 (-22.6%), from €10,475 to €8,109
- Other operating charges -€788
down €788 (-56.9%), from €1,385 to €597
- Financial charges -€585
down €585 (-33.9%), from €1,727 to €1,142
- Financial income -€450
down €450 (-96.0%), from €468 to €19
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
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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,560 | €35,195 | -€23,365 | -39.9% |
| Fixed assets | 21/28 | €1,569 | €2,209 | +€640 | +40.8% |
| Tangible fixed assets | 22/27 | €1,569 | €2,209 | +€640 | +40.8% |
| Furniture and vehicles | 24 | €1,569 | €2,209 | +€640 | +40.8% |
| Current assets | 29/58 | €56,992 | €32,986 | -€24,005 | -42.1% |
| Amounts receivable within one year | 40/41 | €42,900 | €24,994 | -€17,906 | -41.7% |
| Trade receivables | 40 | €32,348 | €14,869 | -€17,478 | -54.0% |
| Other amounts receivable | 41 | €10,552 | €10,125 | -€427 | -4.0% |
| Current investments | 50/53 | €13,382 | €7,300 | -€6,082 | -45.4% |
| Deferred charges and accrued income | 490/1 | €710 | €692 | -€18 | -2.5% |
| Total equity and liabilities | 10/49 | €58,560 | €35,195 | -€23,365 | -39.9% |
| Equity | 10/15 | €24,538 | €29,714 | +€5,176 | +21.1% |
| Contributions | 10/11 | €9,800 | €9,800 | = | 0.0% |
| Reserves | 13 | €800 | €800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €800 | €800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,938 | €19,114 | +€5,176 | +37.1% |
| Amounts payable | 17/49 | €34,022 | €5,481 | -€28,541 | -83.9% |
| Amounts payable within one year | 42/48 | €34,022 | €5,481 | -€28,541 | -83.9% |
| Trade debts | 44 | €18,707 | €1,182 | -€17,525 | -93.7% |
| Suppliers | 440/4 | €18,707 | €1,182 | -€17,525 | -93.7% |
| Advances received on contracts in progress | 46 | €8,052 | - | -€8,052 | |
| Taxes, remuneration and social security | 45 | €7,263 | €4,299 | -€2,964 | -40.8% |
| Taxes | 450/3 | €7,263 | €4,299 | -€2,964 | -40.8% |
| Remuneration, social security and pensions | 62 | -€267 | - | +€267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,586 | €1,212 | -€374 | -23.6% |
| Other operating charges | 640/8 | €1,385 | €597 | -€788 | -56.9% |
| Gross operating margin | 9900 | €10,475 | €8,109 | -€2,366 | -22.6% |
| Operating profit (loss) | 9901 | €7,770 | €6,299 | -€1,471 | -18.9% |
| Financial income | 75/76B | €468 | €19 | -€450 | -96.0% |
| Recurring financial income | 75 | €468 | €19 | -€450 | -96.0% |
| Financial charges | 65/66B | €1,727 | €1,142 | -€585 | -33.9% |
| Recurring financial charges | 65 | €1,727 | €1,142 | -€585 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €6,511 | €5,176 | -€1,335 | -20.5% |
| Income taxes | 67/77 | €3,449 | - | -€3,449 | |
| Profit (loss) for the period | 9904 | €3,063 | €5,176 | +€2,114 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,063 | €5,176 | +€2,114 | +69.0% |
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 19 October 2026 via checked.be.