BELTRACOM: what changed
BELTRACOM
Largest movements
- Stocks and contracts +€55,049
up €55,049 (+205%), from €26,855 to €81,904
- Cash -€25,513
down €25,513 (-63.1%), from €40,449 to €14,937
mainly Stocks and contracts (-€55,049) and Debts after one year (-€9,535)
- Receivables within one year +€7,296
up €7,296 (+147%), from €4,949 to €12,246
- Tangible fixed assets -€1,360
down €1,360 (-59.5%), from €2,286 to €926
of which Plant, machinery and equipment: -€1,360
- Other debts +€31,950
up €31,950 (+39.0%), from €81,927 to €113,877
- Profit (loss) carried forward +€14,119
up €14,119 (+11.1%), from -€127,055 to -€112,935
- Debts after one year -€9,535
down €9,535 (-24.9%), from €38,215 to €28,681
- Trade debts -€9,484
down €9,484 (-35.6%), from €26,661 to €17,177
- Advances received +€4,000
new in 2024: €4,000
- Gross operating margin +€29,372
up €29,372, from -€7,260 to €22,112
- Financial charges -€4,912
down €4,912 (-45.5%), from €10,797 to €5,885
- Other operating charges -€3,368
down €3,368 (-81.8%), from €4,115 to €748
- Financial income -€274
no longer reported in 2024 (was €274)
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,055 | €126,528 | +€35,472 | +39.0% |
| Fixed assets | 21/28 | €2,492 | €1,132 | -€1,360 | -54.6% |
| Tangible fixed assets | 22/27 | €2,286 | €926 | -€1,360 | -59.5% |
| Plant, machinery and equipment | 23 | €2,063 | €703 | -€1,360 | -65.9% |
| Assets under construction and advance payments | 27 | €223 | €223 | = | 0.0% |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €88,563 | €125,395 | +€36,832 | +41.6% |
| Stocks and contracts in progress | 3 | €26,855 | €81,904 | +€55,049 | +205% |
| Stocks | 30/36 | €26,855 | €81,904 | +€55,049 | +205% |
| Amounts receivable within one year | 40/41 | €4,949 | €12,246 | +€7,296 | +147% |
| Trade receivables | 40 | €4,949 | €12,246 | +€7,296 | +147% |
| Cash at bank and in hand | 54/58 | €40,449 | €14,937 | -€25,513 | -63.1% |
| Deferred charges and accrued income | 490/1 | €16,309 | €16,309 | = | 0.0% |
| Total equity and liabilities | 10/49 | €91,055 | €126,528 | +€35,472 | +39.0% |
| Equity | 10/15 | -€106,603 | -€92,484 | +€14,119 | +13.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,055 | -€112,935 | +€14,119 | +11.1% |
| Amounts payable | 17/49 | €197,659 | €219,012 | +€21,353 | +10.8% |
| Amounts payable after more than one year | 17 | €38,215 | €28,681 | -€9,535 | -24.9% |
| Financial debts | 170/4 | €38,215 | €28,681 | -€9,535 | -24.9% |
| Amounts payable within one year | 42/48 | €159,443 | €190,331 | +€30,888 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €8,934 | €10,523 | +€1,589 | +17.8% |
| Financial debts | 43 | €14,852 | €14,838 | -€14 | -0.1% |
| Other loans | 439 | €14,852 | €14,838 | -€14 | -0.1% |
| Trade debts | 44 | €26,661 | €17,177 | -€9,484 | -35.6% |
| Suppliers | 440/4 | €26,661 | €17,177 | -€9,484 | -35.6% |
| Advances received on contracts in progress | 46 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €27,070 | €29,916 | +€2,847 | +10.5% |
| Taxes | 450/3 | €27,070 | €29,916 | +€2,847 | +10.5% |
| Other amounts payable | 47/48 | €81,927 | €113,877 | +€31,950 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,360 | €1,360 | = | 0.0% |
| Other operating charges | 640/8 | €4,115 | €748 | -€3,368 | -81.8% |
| Gross operating margin | 9900 | -€7,260 | €22,112 | +€29,372 | |
| Operating profit (loss) | 9901 | -€12,736 | €20,004 | +€32,740 | |
| Financial income | 75/76B | €274 | - | -€274 | |
| Recurring financial income | 75 | €274 | - | -€274 | |
| Financial charges | 65/66B | €10,797 | €5,885 | -€4,912 | -45.5% |
| Recurring financial charges | 65 | €10,797 | €5,885 | -€4,912 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,259 | €14,119 | +€37,378 | |
| Profit (loss) for the period | 9904 | -€23,259 | €14,119 | +€37,378 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,259 | €14,119 | +€37,378 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.