BELROC: 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.
BELROC
Largest movements
- Cash -€38,835
down €38,835 (-97.9%), from €39,665 to €830
mainly Other debts (-€66,000) and Receivables within one year (-€12,993)
- Receivables within one year +€12,993
up €12,993 (+221%), from €5,893 to €18,886
of which Trade receivables: +€18,773
- Stocks and contracts -€1,125
down €1,125 (-7.6%), from €14,868 to €13,742
- Other debts -€66,000
no longer reported in 2024 (was €66,000)
- Contributions +€40,400
up €40,400 (+217%), from €18,600 to €59,000
- Trade debts -€5,740
down €5,740 (-97.7%), from €5,874 to €134
- Tax, wage and social debts +€2,653
up €2,653 (+191%), from €1,392 to €4,045
of which Taxes: +€2,082
- Profit (loss) carried forward +€2,099
up €2,099 (+2.3%), from -€91,087 to -€88,987
- Purchases and services -€187,328
no longer reported in 2024 (was €187,328)
- Turnover +€81,387
up €81,387 (+42.8%), from €190,296 to €271,683
- Gross operating margin +€28,341
up €28,341 (+955%), from €2,968 to €31,308
- Staff costs +€27,076
new in 2024: €27,076
- Taxes -€16,013
no longer reported in 2024 (was €16,013)
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
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 | €73,639 | €47,051 | -€26,588 | -36.1% |
| Fixed assets | 21/28 | €13,213 | €13,593 | +€380 | +2.9% |
| Tangible fixed assets | 22/27 | €275 | €655 | +€380 | +138% |
| Plant, machinery and equipment | 23 | - | €600 | +€600 | |
| Furniture and vehicles | 24 | €275 | €55 | -€220 | -80.0% |
| Financial fixed assets | 28 | €12,938 | €12,938 | = | 0.0% |
| Current assets | 29/58 | €60,426 | €33,458 | -€26,967 | -44.6% |
| Stocks and contracts in progress | 3 | €14,868 | €13,742 | -€1,125 | -7.6% |
| Stocks | 30/36 | €14,868 | €13,742 | -€1,125 | -7.6% |
| Amounts receivable within one year | 40/41 | €5,893 | €18,886 | +€12,993 | +221% |
| Trade receivables | 40 | - | €18,773 | +€18,773 | |
| Other amounts receivable | 41 | €5,893 | €113 | -€5,779 | -98.1% |
| Cash at bank and in hand | 54/58 | €39,665 | €830 | -€38,835 | -97.9% |
| Total equity and liabilities | 10/49 | €73,639 | €47,051 | -€26,588 | -36.1% |
| Equity | 10/15 | €373 | €42,873 | +€42,499 | +11,384% |
| Contributions | 10/11 | €18,600 | €59,000 | +€40,400 | +217% |
| Capital | 10 | €18,600 | €59,000 | +€40,400 | +217% |
| Issued capital | 100 | €18,600 | €59,000 | +€40,400 | +217% |
| Reserves | 13 | €72,860 | €72,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,000 | €71,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,087 | -€88,987 | +€2,099 | +2.3% |
| Amounts payable | 17/49 | €73,266 | €4,178 | -€69,087 | -94.3% |
| Amounts payable within one year | 42/48 | €73,266 | €4,178 | -€69,087 | -94.3% |
| Trade debts | 44 | €5,874 | €134 | -€5,740 | -97.7% |
| Suppliers | 440/4 | €5,874 | €134 | -€5,740 | -97.7% |
| Taxes, remuneration and social security | 45 | €1,392 | €4,045 | +€2,653 | +191% |
| Taxes | 450/3 | €1,392 | €3,474 | +€2,082 | +150% |
| Remuneration and social security | 454/9 | - | €571 | +€571 | |
| Other amounts payable | 47/48 | €66,000 | - | -€66,000 | |
| Turnover | 70 | €190,296 | €271,683 | +€81,387 | +42.8% |
| Non-recurring operating income | 76A | - | €240,375 | +€240,375 | |
| Goods, raw materials, services and sundry goods | 60/61 | €187,328 | - | -€187,328 | |
| Remuneration, social security and pensions | 62 | - | €27,076 | +€27,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €220 | +€220 | |
| Other operating charges | 640/8 | €1,735 | €502 | -€1,233 | -71.1% |
| Gross operating margin | 9900 | €2,968 | €31,308 | +€28,341 | +955% |
| Operating profit (loss) | 9901 | €1,233 | €3,510 | +€2,277 | +185% |
| Financial charges | 65/66B | €53 | €1,411 | +€1,358 | +2,587% |
| Recurring financial charges | 65 | €53 | €1,411 | +€1,358 | +2,587% |
| Profit (loss) for the period before taxes | 9903 | €1,180 | €2,099 | +€919 | +77.9% |
| Income taxes | 67/77 | €16,013 | - | -€16,013 | |
| Profit (loss) for the period | 9904 | -€14,832 | €2,099 | +€16,932 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,832 | €2,099 | +€16,932 |
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 30 October 2026 via checked.be.