BELSANTE: 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.
BELSANTE
Largest movements
- Tangible fixed assets -€71,006
down €71,006 (-3.5%), from €2.0m to €1.9m
of which Land and buildings: -€63,839
- Receivables within one year -€62,970
down €62,970 (-88.1%), from €71,486 to €8,516
of which Other amounts receivable: -€63,081
- Cash +€25,611
up €25,611 (+20.7%), from €123,834 to €149,445
mainly Net result for the year (+€119,285) and Depreciation (+€71,006)
- Profit (loss) carried forward +€119,285
up €119,285 (+42.1%), from €283,056 to €402,341
- Tax, wage and social debts -€99,871
down €99,871 (-22.0%), from €453,895 to €354,024
of which Remuneration and social security: -€106,065
- Debts after one year -€77,712
down €77,712 (-5.3%), from €1.5m to €1.4m
- Staff costs -€41,054
down €41,054 (-4.4%), from €942,114 to €901,059
- Taxes -€36,861
no longer reported in 2024 (was €36,861)
- Gross operating margin -€23,250
down €23,250 (-2.0%), from €1.2m to €1.1m
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 | €2,529,489 | €2,414,190 | -€115,299 | -4.6% |
| Fixed assets | 21/28 | €2,025,650 | €1,954,644 | -€71,006 | -3.5% |
| Tangible fixed assets | 22/27 | €2,014,550 | €1,943,544 | -€71,006 | -3.5% |
| Land and buildings | 22 | €2,000,745 | €1,936,906 | -€63,839 | -3.2% |
| Plant, machinery and equipment | 23 | €3,646 | €1,461 | -€2,185 | -59.9% |
| Furniture and vehicles | 24 | €5,294 | €2,002 | -€3,292 | -62.2% |
| Other tangible fixed assets | 26 | €4,865 | €3,175 | -€1,690 | -34.7% |
| Financial fixed assets | 28 | €11,100 | €11,100 | = | 0.0% |
| Current assets | 29/58 | €503,839 | €459,546 | -€44,293 | -8.8% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,486 | €8,516 | -€62,970 | -88.1% |
| Trade receivables | 40 | €6,839 | €6,950 | +€111 | +1.6% |
| Other amounts receivable | 41 | €64,647 | €1,566 | -€63,081 | -97.6% |
| Cash at bank and in hand | 54/58 | €123,834 | €149,445 | +€25,611 | +20.7% |
| Deferred charges and accrued income | 490/1 | €8,519 | €1,585 | -€6,934 | -81.4% |
| Total equity and liabilities | 10/49 | €2,529,489 | €2,414,190 | -€115,299 | -4.6% |
| Equity | 10/15 | €367,827 | €488,715 | +€120,888 | +32.9% |
| Contributions | 10/11 | €12,400 | €14,003 | +€1,603 | +12.9% |
| Reserves | 13 | €72,370 | €72,370 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €72,370 | €72,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,056 | €402,341 | +€119,285 | +42.1% |
| Amounts payable | 17/49 | €2,161,662 | €1,925,475 | -€236,188 | -10.9% |
| Amounts payable after more than one year | 17 | €1,465,808 | €1,388,096 | -€77,712 | -5.3% |
| Financial debts | 170/4 | €1,465,808 | €1,388,096 | -€77,712 | -5.3% |
| Amounts payable within one year | 42/48 | €693,640 | €537,378 | -€156,261 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €76,048 | €75,059 | -€989 | -1.3% |
| Financial debts | 43 | €24,000 | - | -€24,000 | |
| Credit institutions | 430/8 | €24,000 | - | -€24,000 | |
| Trade debts | 44 | €86,432 | €69,203 | -€17,228 | -19.9% |
| Suppliers | 440/4 | €86,432 | €69,203 | -€17,228 | -19.9% |
| Taxes, remuneration and social security | 45 | €453,895 | €354,024 | -€99,871 | -22.0% |
| Taxes | 450/3 | €106,096 | €112,290 | +€6,194 | +5.8% |
| Remuneration and social security | 454/9 | €347,799 | €241,734 | -€106,065 | -30.5% |
| Other amounts payable | 47/48 | €53,264 | €39,092 | -€14,172 | -26.6% |
| Accrued charges and deferred income | 492/3 | €2,215 | - | -€2,215 | |
| Non-recurring operating income | 76A | €14,913 | - | -€14,913 | |
| Remuneration, social security and pensions | 62 | €942,114 | €901,059 | -€41,054 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,044 | €71,006 | -€6,038 | -7.8% |
| Other operating charges | 640/8 | €16,392 | €14,111 | -€2,281 | -13.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,170,474 | €1,147,223 | -€23,250 | -2.0% |
| Operating profit (loss) | 9901 | €134,924 | €161,047 | +€26,123 | +19.4% |
| Financial income | 75/76B | €1,466 | €0 | -€1,466 | -100.0% |
| Recurring financial income | 75 | €1,466 | €0 | -€1,466 | -100.0% |
| Financial charges | 65/66B | €45,385 | €41,762 | -€3,623 | -8.0% |
| Recurring financial charges | 65 | €45,385 | €41,762 | -€3,623 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €91,005 | €119,285 | +€28,280 | +31.1% |
| Income taxes | 67/77 | €36,861 | - | -€36,861 | |
| Profit (loss) for the period | 9904 | €54,144 | €119,285 | +€65,141 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €54,144 | €119,285 | +€65,141 | +120% |
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 17 October 2026 via checked.be.