BELPIPES: 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.
BELPIPES
Largest movements
- Cash -€33,431
down €33,431 (-57.6%), from €58,007 to €24,576
mainly Trade debts (-€52,440) and Tax, wage and social debts (-€6,834)
- Receivables within one year -€31,803
down €31,803 (-14.2%), from €223,957 to €192,154
of which Trade receivables: -€19,441
- Trade debts -€52,440
down €52,440 (-41.7%), from €125,809 to €73,370
- Reserves -€42,371
down €42,371 (-47.1%), from €89,945 to €47,573
of which Distributable reserves: -€42,371
- Profit (loss) carried forward +€36,410
up €36,410 (+123%), from €29,630 to €66,041
- Tax, wage and social debts -€6,834
down €6,834 (-59.0%), from €11,580 to €4,746
of which Taxes: -€10,009
- Gross operating margin -€39,149
down €39,149, from €37,603 to -€1,546
- Taxes -€4,623
down €4,623 (-53.6%), from €8,626 to €4,003
- Financial charges -€377
down €377 (-51.0%), from €739 to €362
From the 2022 result to the 2023 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
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,964 | €216,730 | -€65,235 | -23.1% |
| Current assets | 29/58 | €281,964 | €216,730 | -€65,235 | -23.1% |
| Amounts receivable within one year | 40/41 | €223,957 | €192,154 | -€31,803 | -14.2% |
| Trade receivables | 40 | €199,328 | €179,886 | -€19,441 | -9.8% |
| Other amounts receivable | 41 | €24,629 | €12,267 | -€12,362 | -50.2% |
| Cash at bank and in hand | 54/58 | €58,007 | €24,576 | -€33,431 | -57.6% |
| Total equity and liabilities | 10/49 | €281,964 | €216,730 | -€65,235 | -23.1% |
| Equity | 10/15 | €144,575 | €138,614 | -€5,961 | -4.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €89,945 | €47,573 | -€42,371 | -47.1% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €84,945 | €42,573 | -€42,371 | -49.9% |
| Profit (loss) carried forward | 14 | €29,630 | €66,041 | +€36,410 | +123% |
| Amounts payable | 17/49 | €137,389 | €78,116 | -€59,273 | -43.1% |
| Amounts payable within one year | 42/48 | €137,389 | €78,116 | -€59,273 | -43.1% |
| Trade debts | 44 | €125,809 | €73,370 | -€52,440 | -41.7% |
| Suppliers | 440/4 | €125,809 | €73,370 | -€52,440 | -41.7% |
| Taxes, remuneration and social security | 45 | €11,580 | €4,746 | -€6,834 | -59.0% |
| Taxes | 450/3 | €10,912 | €903 | -€10,009 | -91.7% |
| Remuneration and social security | 454/9 | €668 | €3,844 | +€3,176 | +475% |
| Other operating charges | 640/8 | €255 | €50 | -€205 | -80.4% |
| Gross operating margin | 9900 | €37,603 | -€1,546 | -€39,149 | |
| Operating profit (loss) | 9901 | €37,348 | -€1,596 | -€38,944 | |
| Financial charges | 65/66B | €739 | €362 | -€377 | -51.0% |
| Recurring financial charges | 65 | €739 | €362 | -€377 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €36,609 | -€1,958 | -€38,567 | |
| Income taxes | 67/77 | €8,626 | €4,003 | -€4,623 | -53.6% |
| Profit (loss) for the period | 9904 | €27,983 | -€5,961 | -€33,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,983 | -€5,961 | -€33,944 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.