BELTECHNIC: 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.
BELTECHNIC
Largest movements
- Receivables within one year +€110,268
up €110,268 (+35.0%), from €314,995 to €425,263
of which Trade receivables: +€101,054
- Cash -€60,685
down €60,685 (-20.3%), from €299,589 to €238,903
mainly Receivables within one year (-€110,268) and Tax, wage and social debts (-€32,324)
- Deferred charges and accrued income +€18,970
up €18,970 (+199.1%), from €9,528 to €28,498
- Tangible fixed assets -€17,416
down €17,416 (-11.5%), from €151,133 to €133,717
of which Furniture and vehicles: -€12,442
- Reserves +€60,000
up €60,000 (+3225.8%), from €1,860 to €61,860
of which Distributable reserves: +€60,000
- Trade debts +€56,068
up €56,068 (+24.2%), from €232,113 to €288,181
- Tax, wage and social debts -€32,324
down €32,324 (-64.1%), from €50,418 to €18,094
of which Remuneration and social security: -€34,642
- Other debts -€23,892
down €23,892 (-31.5%), from €75,879 to €51,986
- Debts after one year -€10,565
no longer reported in 2024 (was €10,565)
- Gross operating margin -€33,737
down €33,737 (-7.7%), from €436,125 to €402,388
- Provisions -€29,701
down €29,701 (-84.6%), from €35,114 to €5,413
- Staff costs -€14,388
down €14,388 (-5.5%), from €263,945 to €249,558
- Taxes +€8,760
up €8,760 (+43.8%), from €20,000 to €28,760
- Depreciation +€6,176
up €6,176 (+14.3%), from €43,293 to €49,469
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 | €800,120 | €851,257 | +€51,137 | +6.4% |
| Fixed assets | 21/28 | €151,133 | €133,717 | -€17,416 | -11.5% |
| Tangible fixed assets | 22/27 | €151,133 | €133,717 | -€17,416 | -11.5% |
| Plant, machinery and equipment | 23 | €7,718 | €4,564 | -€3,154 | -40.9% |
| Furniture and vehicles | 24 | €136,355 | €123,913 | -€12,442 | -9.1% |
| Leasing and similar rights | 25 | €7,061 | €5,241 | -€1,820 | -25.8% |
| Current assets | 29/58 | €648,987 | €717,539 | +€68,553 | +10.6% |
| Stocks and contracts in progress | 3 | €24,875 | €24,875 | = | 0.0% |
| Contracts in progress | 37 | €24,875 | €24,875 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €314,995 | €425,263 | +€110,268 | +35.0% |
| Trade receivables | 40 | €279,161 | €380,215 | +€101,054 | +36.2% |
| Other amounts receivable | 41 | €35,834 | €45,048 | +€9,214 | +25.7% |
| Cash at bank and in hand | 54/58 | €299,589 | €238,903 | -€60,685 | -20.3% |
| Deferred charges and accrued income | 490/1 | €9,528 | €28,498 | +€18,970 | +199.1% |
| Total equity and liabilities | 10/49 | €800,120 | €851,257 | +€51,137 | +6.4% |
| Equity | 10/15 | €298,968 | €363,846 | +€64,878 | +21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €61,860 | +€60,000 | +3225.8% |
| 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 | - | €60,000 | +€60,000 | |
| Profit (loss) carried forward | 14 | €278,508 | €283,386 | +€4,878 | +1.8% |
| Provisions and deferred taxes | 16 | €113,172 | €118,585 | +€5,413 | +4.8% |
| Provisions for liabilities and charges | 160/5 | €113,172 | €118,585 | +€5,413 | +4.8% |
| Other liabilities and charges | 164/5 | €113,172 | €118,585 | +€5,413 | +4.8% |
| Amounts payable | 17/49 | €387,981 | €368,826 | -€19,154 | -4.9% |
| Amounts payable after more than one year | 17 | €10,565 | - | -€10,565 | |
| Financial debts | 170/4 | €10,565 | - | -€10,565 | |
| Amounts payable within one year | 42/48 | €377,416 | €368,826 | -€8,590 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €19,006 | €10,565 | -€8,442 | -44.4% |
| Trade debts | 44 | €232,113 | €288,181 | +€56,068 | +24.2% |
| Suppliers | 440/4 | €232,113 | €288,181 | +€56,068 | +24.2% |
| Taxes, remuneration and social security | 45 | €50,418 | €18,094 | -€32,324 | -64.1% |
| Taxes | 450/3 | €6,443 | €8,760 | +€2,318 | +36.0% |
| Remuneration and social security | 454/9 | €43,976 | €9,334 | -€34,642 | -78.8% |
| Other amounts payable | 47/48 | €75,879 | €51,986 | -€23,892 | -31.5% |
| Remuneration, social security and pensions | 62 | €263,945 | €249,558 | -€14,388 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,293 | €49,469 | +€6,176 | +14.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €35,114 | €5,413 | -€29,701 | -84.6% |
| Other operating charges | 640/8 | €4,990 | €2,864 | -€2,126 | -42.6% |
| Gross operating margin | 9900 | €436,125 | €402,388 | -€33,737 | -7.7% |
| Operating profit (loss) | 9901 | €88,782 | €95,085 | +€6,303 | +7.1% |
| Financial income | 75/76B | €2,259 | €217 | -€2,042 | -90.4% |
| Recurring financial income | 75 | €2,259 | €217 | -€2,042 | -90.4% |
| Financial charges | 65/66B | €5,394 | €1,663 | -€3,731 | -69.2% |
| Recurring financial charges | 65 | €5,394 | €1,663 | -€3,731 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €85,646 | €93,638 | +€7,992 | +9.3% |
| Income taxes | 67/77 | €20,000 | €28,760 | +€8,760 | +43.8% |
| Profit (loss) for the period | 9904 | €65,646 | €64,878 | -€768 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,646 | €64,878 | -€768 | -1.2% |
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 1 October 2026 via checked.be.