BELNED: 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.
BELNED
Largest movements
- Current investments -€2,400
no longer reported in 2024 (was €2,400)
- Cash +€1,422
new in 2024: €1,422
mainly Current investments (+€2,400)
- Receivables within one year +€135
up €135 (+4.6%), from €2,916 to €3,051
of which Other amounts receivable: +€304
- Other debts -€608
down €608 (-23.0%), from €2,643 to €2,035
- Profit (loss) carried forward -€235
down €235, from €174 to -€62
- Gross operating margin -€2,202
down €2,202, from €2,149 to -€54
- Purchases and services +€1,375
up €1,375 (+20.7%), from €6,626 to €8,001
- Turnover -€823
down €823 (-9.4%), from €8,770 to €7,947
- Depreciation -€778
no longer reported in 2024 (was €778)
- Taxes -€262
no longer reported in 2024 (was €262)
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 | €5,316 | €4,473 | -€843 | -15.9% |
| Current assets | 29/58 | €5,316 | €4,473 | -€843 | -15.9% |
| Amounts receivable within one year | 40/41 | €2,916 | €3,051 | +€135 | +4.6% |
| Trade receivables | 40 | €2,265 | €2,096 | -€169 | -7.5% |
| Other amounts receivable | 41 | €651 | €955 | +€304 | +46.7% |
| Current investments | 50/53 | €2,400 | - | -€2,400 | |
| Cash at bank and in hand | 54/58 | - | €1,422 | +€1,422 | |
| Total equity and liabilities | 10/49 | €5,316 | €4,473 | -€843 | -15.9% |
| Equity | 10/15 | €2,674 | €2,438 | -€235 | -8.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174 | -€62 | -€235 | |
| Amounts payable | 17/49 | €2,643 | €2,035 | -€608 | -23.0% |
| Amounts payable within one year | 42/48 | €2,643 | €2,035 | -€608 | -23.0% |
| Other amounts payable | 47/48 | €2,643 | €2,035 | -€608 | -23.0% |
| Turnover | 70 | €8,770 | €7,947 | -€823 | -9.4% |
| Non-recurring operating income | 76A | €5 | - | -€5 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,626 | €8,001 | +€1,375 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | - | -€778 | |
| Other operating charges | 640/8 | €173 | €182 | +€9 | +5.1% |
| Gross operating margin | 9900 | €2,149 | -€54 | -€2,202 | |
| Operating profit (loss) | 9901 | €1,198 | -€235 | -€1,434 | |
| Profit (loss) for the period before taxes | 9903 | €1,198 | -€235 | -€1,434 | |
| Income taxes | 67/77 | €262 | - | -€262 | |
| Profit (loss) for the period | 9904 | €936 | -€235 | -€1,172 | |
| Profit (loss) for the period to be appropriated | 9905 | €936 | -€235 | -€1,172 |
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 1 October 2026 via checked.be.