BELMORRO: 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.
BELMORRO
Largest movements
- Tangible fixed assets +€5,740
up €5,740 (+544.2%), from €1,055 to €6,795
- Stocks and contracts +€2,159
up €2,159 (+27.3%), from €7,896 to €10,055
- Profit (loss) carried forward +€4,921
up €4,921 (+980.2%), from €502 to €5,423
- Other debts +€3,655
up €3,655 (+22.7%), from €16,096 to €19,750
- Trade debts -€3,616
down €3,616 (-17.2%), from €21,001 to €17,385
- Tax, wage and social debts +€2,907
up €2,907 (+1857.5%), from €157 to €3,064
- Gross operating margin +€5,311
up €5,311 (+280.9%), from €1,891 to €7,202
- Taxes +€1,076
up €1,076 (+687.6%), from €157 to €1,233
- Other operating charges -€348
down €348 (-48.5%), from €718 to €370
- Financial charges +€146
up €146 (+198.8%), from €73 to €219
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 | €39,755 | €47,622 | +€7,866 | +19.8% |
| Fixed assets | 21/28 | €1,055 | €6,795 | +€5,740 | +544.2% |
| Tangible fixed assets | 22/27 | €1,055 | €6,795 | +€5,740 | +544.2% |
| Furniture and vehicles | 24 | €1,055 | €6,795 | +€5,740 | +544.2% |
| Current assets | 29/58 | €38,701 | €40,826 | +€2,126 | +5.5% |
| Stocks and contracts in progress | 3 | €7,896 | €10,055 | +€2,159 | +27.3% |
| Stocks | 30/36 | €7,896 | €10,055 | +€2,159 | +27.3% |
| Amounts receivable within one year | 40/41 | €30,695 | €30,649 | -€46 | -0.2% |
| Trade receivables | 40 | €29,667 | €30,649 | +€982 | +3.3% |
| Other amounts receivable | 41 | €1,029 | - | -€1,029 | |
| Cash at bank and in hand | 54/58 | €109 | €94 | -€14 | -13.3% |
| Deferred charges and accrued income | 490/1 | - | €28 | +€28 | |
| Total equity and liabilities | 10/49 | €39,755 | €47,622 | +€7,866 | +19.8% |
| Equity | 10/15 | €2,502 | €7,423 | +€4,921 | +196.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €502 | €5,423 | +€4,921 | +980.2% |
| Amounts payable | 17/49 | €37,253 | €40,199 | +€2,946 | +7.9% |
| Amounts payable within one year | 42/48 | €37,253 | €40,199 | +€2,946 | +7.9% |
| Trade debts | 44 | €21,001 | €17,385 | -€3,616 | -17.2% |
| Suppliers | 440/4 | €21,001 | €17,385 | -€3,616 | -17.2% |
| Taxes, remuneration and social security | 45 | €157 | €3,064 | +€2,907 | +1857.5% |
| Taxes | 450/3 | €157 | €3,064 | +€2,907 | +1857.5% |
| Other amounts payable | 47/48 | €16,096 | €19,750 | +€3,655 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €445 | €460 | +€14 | +3.3% |
| Other operating charges | 640/8 | €718 | €370 | -€348 | -48.5% |
| Gross operating margin | 9900 | €1,891 | €7,202 | +€5,311 | +280.9% |
| Operating profit (loss) | 9901 | €728 | €6,373 | +€5,645 | +775.2% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.2% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.2% |
| Financial charges | 65/66B | €73 | €219 | +€146 | +198.8% |
| Recurring financial charges | 65 | €73 | €219 | +€146 | +198.8% |
| Profit (loss) for the period before taxes | 9903 | €659 | €6,153 | +€5,495 | +834.4% |
| Income taxes | 67/77 | €157 | €1,233 | +€1,076 | +687.6% |
| Profit (loss) for the period | 9904 | €502 | €4,921 | +€4,419 | +880.2% |
| Profit (loss) for the period to be appropriated | 9905 | €502 | €4,921 | +€4,419 | +880.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.