BELYO: 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.
BELYO
Largest movements
- Cash +€120,269
up €120,269 (+61.5%), from €195,511 to €315,780
mainly Trade debts (+€112,586) and Depreciation (+€57,143)
- Tangible fixed assets -€45,088
down €45,088 (-33.1%), from €136,016 to €90,928
of which Other tangible fixed assets: -€41,583
- Receivables within one year -€29,457
down €29,457 (-40.2%), from €73,190 to €43,732
of which Trade receivables: -€18,733
- Intangible fixed assets -€10,855
down €10,855 (-56.6%), from €19,189 to €8,333
- Deferred charges and accrued income -€7,115
down €7,115 (-54.9%), from €12,951 to €5,835
- Trade debts +€112,586
up €112,586 (+74.7%), from €150,668 to €263,254
- Profit (loss) carried forward -€55,537
down €55,537, from €49,046 to -€6,492
- Debts after one year +€48,430
up €48,430 (+435%), from €11,131 to €59,561
of which Other amounts payable: +€59,561
- Other debts -€48,041
down €48,041 (-54.6%), from €87,984 to €39,943
- Current portion of long-term debt -€28,259
down €28,259 (-47.1%), from €59,943 to €31,683
- Gross operating margin -€52,282
down €52,282 (-11.0%), from €475,987 to €423,705
- Staff costs +€17,369
up €17,369 (+5.3%), from €325,479 to €342,847
- Financial charges -€5,508
down €5,508 (-30.3%), from €18,205 to €12,697
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.
Derived cash bridge
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 | €453,665 | €478,809 | +€25,144 | +5.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €163,355 | €107,412 | -€55,943 | -34.2% |
| Intangible fixed assets | 21 | €19,189 | €8,333 | -€10,855 | -56.6% |
| Tangible fixed assets | 22/27 | €136,016 | €90,928 | -€45,088 | -33.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,466 | €6,962 | -€3,505 | -33.5% |
| Other tangible fixed assets | 26 | €125,550 | €83,967 | -€41,583 | -33.1% |
| Financial fixed assets | 28 | €8,150 | €8,150 | = | 0.0% |
| Current assets | 29/58 | €290,310 | €371,397 | +€81,087 | +27.9% |
| Stocks and contracts in progress | 3 | €8,659 | €6,050 | -€2,609 | -30.1% |
| Stocks | 30/36 | €8,659 | €6,050 | -€2,609 | -30.1% |
| Amounts receivable within one year | 40/41 | €73,190 | €43,732 | -€29,457 | -40.2% |
| Trade receivables | 40 | €44,670 | €25,937 | -€18,733 | -41.9% |
| Other amounts receivable | 41 | €28,520 | €17,795 | -€10,725 | -37.6% |
| Cash at bank and in hand | 54/58 | €195,511 | €315,780 | +€120,269 | +61.5% |
| Deferred charges and accrued income | 490/1 | €12,951 | €5,835 | -€7,115 | -54.9% |
| Total equity and liabilities | 10/49 | €453,665 | €478,809 | +€25,144 | +5.5% |
| Equity | 10/15 | €93,046 | €37,508 | -€55,537 | -59.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,046 | -€6,492 | -€55,537 | |
| Amounts payable | 17/49 | €360,619 | €441,301 | +€80,681 | +22.4% |
| Amounts payable after more than one year | 17 | €11,131 | €59,561 | +€48,430 | +435% |
| Financial debts | 170/4 | €11,131 | - | -€11,131 | |
| Other amounts payable | 178/9 | - | €59,561 | +€59,561 | |
| Amounts payable within one year | 42/48 | €345,035 | €374,090 | +€29,055 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €59,943 | €31,683 | -€28,259 | -47.1% |
| Financial debts | 43 | €2,383 | €1,450 | -€933 | -39.2% |
| Credit institutions | 430/8 | €2,383 | €1,450 | -€933 | -39.2% |
| Trade debts | 44 | €150,668 | €263,254 | +€112,586 | +74.7% |
| Suppliers | 440/4 | €150,668 | €263,254 | +€112,586 | +74.7% |
| Taxes, remuneration and social security | 45 | €44,056 | €37,760 | -€6,297 | -14.3% |
| Taxes | 450/3 | €874 | €1,481 | +€607 | +69.5% |
| Remuneration and social security | 454/9 | €43,182 | €36,279 | -€6,904 | -16.0% |
| Other amounts payable | 47/48 | €87,984 | €39,943 | -€48,041 | -54.6% |
| Accrued charges and deferred income | 492/3 | €4,453 | €7,650 | +€3,196 | +71.8% |
| Non-recurring operating income | 76A | - | €19,360 | +€19,360 | |
| Remuneration, social security and pensions | 62 | €325,479 | €342,847 | +€17,369 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,564 | €57,143 | -€421 | -0.7% |
| Other operating charges | 640/8 | €10,944 | €11,216 | +€272 | +2.5% |
| Non-recurring operating charges | 66A | €3,973 | €56,389 | +€52,417 | +1,319% |
| Gross operating margin | 9900 | €475,987 | €423,705 | -€52,282 | -11.0% |
| Operating profit (loss) | 9901 | €78,027 | -€43,891 | -€121,918 | |
| Financial income | 75/76B | €154 | €1,050 | +€896 | +583% |
| Recurring financial income | 75 | €154 | €1,050 | +€896 | +583% |
| Financial charges | 65/66B | €18,205 | €12,697 | -€5,508 | -30.3% |
| Recurring financial charges | 65 | €18,205 | €12,697 | -€5,508 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €59,976 | -€55,537 | -€115,514 | |
| Profit (loss) for the period | 9904 | €59,976 | -€55,537 | -€115,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,976 | -€55,537 | -€115,514 |
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 14 October 2026 via checked.be.