BELTA: 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.
BELTA
Largest movements
- Tangible fixed assets +€54,933
up €54,933 (+6767.9%), from €812 to €55,745
of which Other tangible fixed assets: +€33,000
- Receivables within one year +€13,993
up €13,993 (+162.9%), from €8,588 to €22,580
of which Other amounts receivable: +€16,780
- Cash +€3,786
up €3,786 (+59.9%), from €6,318 to €10,105
mainly Trade debts (+€74,519) and Tax, wage and social debts (+€17,672)
- Trade debts +€74,519
up €74,519 (+308.7%), from €24,143 to €98,662
- Tax, wage and social debts +€17,672
new in 2024: €17,672
- Profit (loss) carried forward -€12,897
down €12,897 (-75.5%), from -€17,074 to -€29,971
- Other debts -€4,003
no longer reported in 2024 (was €4,003)
- Accrued charges and deferred income -€2,577
no longer reported in 2024 (was €2,577)
- Depreciation +€5,562
up €5,562 (+2707.7%), from €205 to €5,767
- Gross operating margin -€731
down €731 (-11.9%), from -€6,128 to -€6,859
- Other operating charges +€174
new in 2024: €174
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 | €19,850 | €92,562 | +€72,713 | +366.3% |
| Fixed assets | 21/28 | €812 | €55,745 | +€54,933 | +6767.9% |
| Tangible fixed assets | 22/27 | €812 | €55,745 | +€54,933 | +6767.9% |
| Plant, machinery and equipment | 23 | - | €5,177 | +€5,177 | |
| Furniture and vehicles | 24 | €812 | €17,568 | +€16,757 | +2064.4% |
| Other tangible fixed assets | 26 | - | €33,000 | +€33,000 | |
| Current assets | 29/58 | €19,038 | €36,817 | +€17,779 | +93.4% |
| Amounts receivable within one year | 40/41 | €8,588 | €22,580 | +€13,993 | +162.9% |
| Trade receivables | 40 | €2,787 | - | -€2,787 | |
| Other amounts receivable | 41 | €5,800 | €22,580 | +€16,780 | +289.3% |
| Cash at bank and in hand | 54/58 | €6,318 | €10,105 | +€3,786 | +59.9% |
| Deferred charges and accrued income | 490/1 | €4,132 | €4,132 | = | 0.0% |
| Total equity and liabilities | 10/49 | €19,850 | €92,562 | +€72,713 | +366.3% |
| Equity | 10/15 | -€10,874 | -€23,771 | -€12,897 | -118.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,074 | -€29,971 | -€12,897 | -75.5% |
| Amounts payable | 17/49 | €30,724 | €116,333 | +€85,610 | +278.6% |
| Amounts payable within one year | 42/48 | €28,146 | €116,333 | +€88,187 | +313.3% |
| Trade debts | 44 | €24,143 | €98,662 | +€74,519 | +308.7% |
| Suppliers | 440/4 | €24,143 | €98,662 | +€74,519 | +308.7% |
| Taxes, remuneration and social security | 45 | - | €17,672 | +€17,672 | |
| Taxes | 450/3 | - | €17,672 | +€17,672 | |
| Other amounts payable | 47/48 | €4,003 | - | -€4,003 | |
| Accrued charges and deferred income | 492/3 | €2,577 | - | -€2,577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205 | €5,767 | +€5,562 | +2707.7% |
| Other operating charges | 640/8 | - | €174 | +€174 | |
| Gross operating margin | 9900 | -€6,128 | -€6,859 | -€731 | -11.9% |
| Operating profit (loss) | 9901 | -€6,334 | -€12,800 | -€6,466 | -102.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €92 | €99 | +€7 | +7.2% |
| Recurring financial charges | 65 | €92 | €99 | +€7 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,426 | -€12,897 | -€6,471 | -100.7% |
| Profit (loss) for the period | 9904 | -€6,426 | -€12,897 | -€6,471 | -100.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,426 | -€12,897 | -€6,471 | -100.7% |
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 10 October 2026 via checked.be.