Belysium Group: 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.
Belysium Group
Largest movements
- Stocks and contracts +€404,715
up €404,715 (+165%), from €245,441 to €650,156
- Cash -€193,102
down €193,102 (-90.4%), from €213,625 to €20,524
mainly Stocks and contracts (-€404,715) and Receivables within one year (-€88,442)
- Receivables within one year +€88,442
up €88,442 (+300%), from €29,522 to €117,964
of which Trade receivables: +€94,284
- Debts after one year +€304,015
up €304,015 (+38.0%), from €799,074 to €1.1m
- Other debts -€72,144
down €72,144 (-87.5%), from €82,438 to €10,294
- Profit (loss) carried forward +€48,730
up €48,730 (+22.6%), from €215,841 to €264,571
- Gross operating margin -€17,796
down €17,796 (-14.8%), from €120,562 to €102,767
- Taxes -€5,582
down €5,582 (-27.5%), from €20,308 to €14,726
- Financial charges +€4,107
up €4,107 (+22.5%), from €18,281 to €22,389
- Depreciation +€2,463
up €2,463 (+19.5%), from €12,657 to €15,120
- Other operating charges -€2,067
down €2,067 (-53.4%), from €3,869 to €1,802
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 | €1,170,067 | €1,455,975 | +€285,909 | +24.4% |
| Fixed assets | 21/28 | €678,517 | €666,557 | -€11,960 | -1.8% |
| Tangible fixed assets | 22/27 | €668,517 | €656,557 | -€11,960 | -1.8% |
| Land and buildings | 22 | €665,701 | €652,280 | -€13,421 | -2.0% |
| Furniture and vehicles | 24 | €2,816 | €4,277 | +€1,461 | +51.9% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €491,549 | €789,418 | +€297,869 | +60.6% |
| Stocks and contracts in progress | 3 | €245,441 | €650,156 | +€404,715 | +165% |
| Stocks | 30/36 | €245,441 | €650,156 | +€404,715 | +165% |
| Amounts receivable within one year | 40/41 | €29,522 | €117,964 | +€88,442 | +300% |
| Trade receivables | 40 | €18,392 | €112,676 | +€94,284 | +513% |
| Other amounts receivable | 41 | €11,130 | €5,287 | -€5,843 | -52.5% |
| Cash at bank and in hand | 54/58 | €213,625 | €20,524 | -€193,102 | -90.4% |
| Deferred charges and accrued income | 490/1 | €2,961 | €775 | -€2,186 | -73.8% |
| Total equity and liabilities | 10/49 | €1,170,067 | €1,455,975 | +€285,909 | +24.4% |
| Equity | 10/15 | €236,301 | €285,031 | +€48,730 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,841 | €264,571 | +€48,730 | +22.6% |
| Amounts payable | 17/49 | €933,766 | €1,170,945 | +€237,179 | +25.4% |
| Amounts payable after more than one year | 17 | €799,074 | €1,103,089 | +€304,015 | +38.0% |
| Financial debts | 170/4 | €799,074 | €1,103,089 | +€304,015 | +38.0% |
| Amounts payable within one year | 42/48 | €134,692 | €65,827 | -€68,864 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | €24,987 | €25,985 | +€998 | +4.0% |
| Trade debts | 44 | €10,225 | €23,652 | +€13,427 | +131% |
| Suppliers | 440/4 | €10,225 | €23,652 | +€13,427 | +131% |
| Taxes, remuneration and social security | 45 | €17,041 | €5,896 | -€11,145 | -65.4% |
| Taxes | 450/3 | €17,041 | €5,896 | -€11,145 | -65.4% |
| Other amounts payable | 47/48 | €82,438 | €10,294 | -€72,144 | -87.5% |
| Accrued charges and deferred income | 492/3 | - | €2,029 | +€2,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,657 | €15,120 | +€2,463 | +19.5% |
| Other operating charges | 640/8 | €3,869 | €1,802 | -€2,067 | -53.4% |
| Gross operating margin | 9900 | €120,562 | €102,767 | -€17,796 | -14.8% |
| Operating profit (loss) | 9901 | €104,036 | €85,844 | -€18,192 | -17.5% |
| Financial charges | 65/66B | €18,281 | €22,389 | +€4,107 | +22.5% |
| Recurring financial charges | 65 | €18,281 | €22,389 | +€4,107 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €85,755 | €63,456 | -€22,299 | -26.0% |
| Income taxes | 67/77 | €20,308 | €14,726 | -€5,582 | -27.5% |
| Profit (loss) for the period | 9904 | €65,447 | €48,730 | -€16,717 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,447 | €48,730 | -€16,717 | -25.5% |
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 18 October 2026 via checked.be.