BELPACT: 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.
BELPACT
Largest movements
- Receivables within one year +€4,835
up €4,835 (+13.6%), from €35,578 to €40,414
of which Other amounts receivable: +€4,835
- Reserves +€3,163
up €3,163 (+1.8%), from €171,549 to €174,712
of which Distributable reserves: +€3,163
- Financial income +€560
up €560 (+13.0%), from €4,297 to €4,857
- Gross operating margin +€309
up €309 (+30.1%), from -€1,027 to -€717
- Depreciation -€300
down €300 (-60.0%), from €500 to €200
- Other operating charges +€51
up €51 (+9.6%), from €528 to €578
- Financial charges -€15
down €15 (-7.0%), from €212 to €198
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 | €196,051 | €200,663 | +€4,612 | +2.4% |
| Fixed assets | 21/28 | €431 | €231 | -€200 | -46.4% |
| Tangible fixed assets | 22/27 | €431 | €231 | -€200 | -46.4% |
| Other tangible fixed assets | 26 | €431 | €231 | -€200 | -46.4% |
| Current assets | 29/58 | €195,620 | €200,432 | +€4,812 | +2.5% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Other amounts receivable | 291 | €160,000 | €160,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,578 | €40,414 | +€4,835 | +13.6% |
| Trade receivables | 40 | €4,840 | €4,840 | = | 0.0% |
| Other amounts receivable | 41 | €30,738 | €35,574 | +€4,835 | +15.7% |
| Cash at bank and in hand | 54/58 | €42 | €18 | -€24 | -56.4% |
| Total equity and liabilities | 10/49 | €196,051 | €200,663 | +€4,612 | +2.4% |
| Equity | 10/15 | €183,949 | €187,112 | +€3,163 | +1.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €171,549 | €174,712 | +€3,163 | +1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €169,689 | €172,852 | +€3,163 | +1.9% |
| Amounts payable | 17/49 | €12,102 | €13,551 | +€1,449 | +12.0% |
| Amounts payable within one year | 42/48 | €12,102 | €13,551 | +€1,449 | +12.0% |
| Trade debts | 44 | €230 | - | -€230 | |
| Suppliers | 440/4 | €230 | - | -€230 | |
| Other amounts payable | 47/48 | €11,872 | €13,551 | +€1,679 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €200 | -€300 | -60.0% |
| Other operating charges | 640/8 | €528 | €578 | +€51 | +9.6% |
| Gross operating margin | 9900 | -€1,027 | -€717 | +€309 | +30.1% |
| Operating profit (loss) | 9901 | -€2,054 | -€1,496 | +€558 | +27.2% |
| Financial income | 75/76B | €4,297 | €4,857 | +€560 | +13.0% |
| Recurring financial income | 75 | €4,297 | €4,857 | +€560 | +13.0% |
| Financial charges | 65/66B | €212 | €198 | -€15 | -7.0% |
| Recurring financial charges | 65 | €212 | €198 | -€15 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €2,030 | €3,163 | +€1,133 | +55.8% |
| Profit (loss) for the period | 9904 | €2,030 | €3,163 | +€1,133 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,030 | €3,163 | +€1,133 | +55.8% |
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 7 October 2026 via checked.be.