BELVI78: 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.
BELVI78
Largest movements
- Intangible fixed assets -€9,000
down €9,000 (-12.4%), from €72,740 to €63,740
- Receivables within one year -€5,611
down €5,611 (-55.6%), from €10,088 to €4,476
of which Other amounts receivable: -€6,506
- Tangible fixed assets -€1,509
down €1,509 (-28.4%), from €5,319 to €3,810
of which Furniture and vehicles: -€1,390
- Trade debts -€11,531
down €11,531 (-100.0%), from €11,531 to €0
- Debts after one year -€9,938
down €9,938 (-23.0%), from €43,294 to €33,356
- Profit (loss) carried forward +€5,803
no longer reported in 2024 (was -€5,803)
- Other debts -€1,098
down €1,098 (-7.0%), from €15,739 to €14,641
- Gross operating margin -€20,736
down €20,736 (-23.7%), from €87,567 to €66,831
- Staff costs -€19,157
down €19,157 (-28.1%), from €68,199 to €49,042
- Financial charges -€2,419
down €2,419 (-55.9%), from €4,326 to €1,907
- Financial income +€1,445
up €1,445 (+4606.6%), from €31 to €1,476
- Other operating charges -€1,115
down €1,115 (-84.3%), from €1,322 to €207
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 | €107,710 | €90,713 | -€16,996 | -15.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €78,568 | €68,059 | -€10,509 | -13.4% |
| Intangible fixed assets | 21 | €72,740 | €63,740 | -€9,000 | -12.4% |
| Tangible fixed assets | 22/27 | €5,319 | €3,810 | -€1,509 | -28.4% |
| Furniture and vehicles | 24 | €4,937 | €3,548 | -€1,390 | -28.1% |
| Other tangible fixed assets | 26 | €382 | €263 | -€119 | -31.2% |
| Financial fixed assets | 28 | €509 | €509 | = | 0.0% |
| Current assets | 29/58 | €29,142 | €22,654 | -€6,487 | -22.3% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,088 | €4,476 | -€5,611 | -55.6% |
| Trade receivables | 40 | €553 | €1,447 | +€895 | +161.9% |
| Other amounts receivable | 41 | €9,535 | €3,029 | -€6,506 | -68.2% |
| Cash at bank and in hand | 54/58 | €12,273 | €12,460 | +€187 | +1.5% |
| Deferred charges and accrued income | 490/1 | €1,781 | €718 | -€1,063 | -59.7% |
| Total equity and liabilities | 10/49 | €107,710 | €90,713 | -€16,996 | -15.8% |
| Equity | 10/15 | €24,197 | €30,311 | +€6,114 | +25.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €311 | +€311 | |
| Distributable reserves | 133 | - | €311 | +€311 | |
| Profit (loss) carried forward | 14 | -€5,803 | - | +€5,803 | |
| Amounts payable | 17/49 | €83,513 | €60,402 | -€23,111 | -27.7% |
| Amounts payable after more than one year | 17 | €43,294 | €33,356 | -€9,938 | -23.0% |
| Financial debts | 170/4 | €43,294 | €33,356 | -€9,938 | -23.0% |
| Amounts payable within one year | 42/48 | €40,219 | €27,046 | -€13,173 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €9,666 | €9,939 | +€272 | +2.8% |
| Trade debts | 44 | €11,531 | €0 | -€11,531 | -100.0% |
| Suppliers | 440/4 | €11,531 | €0 | -€11,531 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,282 | €2,467 | -€816 | -24.9% |
| Taxes | 450/3 | €10 | €2,467 | +€2,457 | +25700.2% |
| Remuneration and social security | 454/9 | €3,273 | - | -€3,273 | |
| Other amounts payable | 47/48 | €15,739 | €14,641 | -€1,098 | -7.0% |
| Remuneration, social security and pensions | 62 | €68,199 | €49,042 | -€19,157 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,834 | €10,509 | -€325 | -3.0% |
| Other operating charges | 640/8 | €1,322 | €207 | -€1,115 | -84.3% |
| Gross operating margin | 9900 | €87,567 | €66,831 | -€20,736 | -23.7% |
| Operating profit (loss) | 9901 | €7,212 | €7,073 | -€139 | -1.9% |
| Financial income | 75/76B | €31 | €1,476 | +€1,445 | +4606.6% |
| Recurring financial income | 75 | €31 | €1,476 | +€1,445 | +4606.6% |
| Financial charges | 65/66B | €4,326 | €1,907 | -€2,419 | -55.9% |
| Recurring financial charges | 65 | €4,326 | €1,907 | -€2,419 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €2,917 | €6,641 | +€3,724 | +127.7% |
| Income taxes | 67/77 | - | €527 | +€527 | |
| Profit (loss) for the period | 9904 | €2,917 | €6,114 | +€3,197 | +109.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,917 | €6,114 | +€3,197 | +109.6% |
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 5 October 2026 via checked.be.