BELTRAD: 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.
BELTRAD
Largest movements
- Receivables within one year +€14,785
up €14,785 (+428.5%), from €3,450 to €18,236
- Cash -€1,523
down €1,523 (-26.9%), from €5,658 to €4,135
mainly Receivables within one year (-€14,785) and Investment in fixed assets (net) (-€1,801)
- Tangible fixed assets -€1,349
down €1,349 (-36.1%), from €3,737 to €2,388
of which Plant, machinery and equipment: -€770
- Profit (loss) carried forward +€10,352
up €10,352 (+39.8%), from -€25,995 to -€15,644
- Trade debts +€1,711
up €1,711 (+182.3%), from €939 to €2,650
- Tax, wage and social debts -€1,117
down €1,117 (-14.8%), from €7,535 to €6,418
of which Taxes: -€4,417
- Debts after one year +€932
up €932 (+4.0%), from €23,173 to €24,105
- Gross operating margin +€23,072
up €23,072, from -€8,269 to €14,804
- Taxes -€12,557
no longer reported in 2024 (was €12,557)
- Depreciation -€2,001
down €2,001 (-38.8%), from €5,151 to €3,150
- Other operating charges +€508
up €508 (+146.2%), from €348 to €856
- Financial charges -€463
down €463 (-50.8%), from €911 to €448
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 | €13,151 | €25,029 | +€11,878 | +90.3% |
| Fixed assets | 21/28 | €3,737 | €2,388 | -€1,349 | -36.1% |
| Tangible fixed assets | 22/27 | €3,737 | €2,388 | -€1,349 | -36.1% |
| Plant, machinery and equipment | 23 | €1,539 | €770 | -€770 | -50.0% |
| Furniture and vehicles | 24 | €2,198 | €1,619 | -€579 | -26.4% |
| Current assets | 29/58 | €9,414 | €22,641 | +€13,227 | +140.5% |
| Amounts receivable within one year | 40/41 | €3,450 | €18,236 | +€14,785 | +428.5% |
| Trade receivables | 40 | €3,450 | €18,236 | +€14,785 | +428.5% |
| Cash at bank and in hand | 54/58 | €5,658 | €4,135 | -€1,523 | -26.9% |
| Deferred charges and accrued income | 490/1 | €305 | €270 | -€35 | -11.5% |
| Total equity and liabilities | 10/49 | €13,151 | €25,029 | +€11,878 | +90.3% |
| Equity | 10/15 | -€18,495 | -€8,144 | +€10,352 | +56.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,300 | €1,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,300 | €1,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,995 | -€15,644 | +€10,352 | +39.8% |
| Amounts payable | 17/49 | €31,647 | €33,173 | +€1,526 | +4.8% |
| Amounts payable after more than one year | 17 | €23,173 | €24,105 | +€932 | +4.0% |
| Other amounts payable | 178/9 | €23,173 | €24,105 | +€932 | +4.0% |
| Amounts payable within one year | 42/48 | €8,473 | €9,068 | +€594 | +7.0% |
| Trade debts | 44 | €939 | €2,650 | +€1,711 | +182.3% |
| Suppliers | 440/4 | €939 | €2,650 | +€1,711 | +182.3% |
| Taxes, remuneration and social security | 45 | €7,535 | €6,418 | -€1,117 | -14.8% |
| Taxes | 450/3 | €7,535 | €3,118 | -€4,417 | -58.6% |
| Remuneration and social security | 454/9 | - | €3,300 | +€3,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,151 | €3,150 | -€2,001 | -38.8% |
| Other operating charges | 640/8 | €348 | €856 | +€508 | +146.2% |
| Gross operating margin | 9900 | -€8,269 | €14,804 | +€23,072 | |
| Operating profit (loss) | 9901 | -€13,767 | €10,799 | +€24,565 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €911 | €448 | -€463 | -50.8% |
| Recurring financial charges | 65 | €911 | €448 | -€463 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,678 | €10,352 | +€25,030 | |
| Income taxes | 67/77 | €12,557 | - | -€12,557 | |
| Profit (loss) for the period | 9904 | -€27,235 | €10,352 | +€37,587 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,235 | €10,352 | +€37,587 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.