BELZINC: 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.
BELZINC
Largest movements
- Cash -€23,823
down €23,823 (-91.9%), from €25,935 to €2,113
mainly Net result for the year (-€12,889) and Receivables within one year (-€9,241)
- Receivables within one year +€9,241
up €9,241 (+202%), from €4,583 to €13,824
of which Other amounts receivable: +€5,418
- Profit (loss) carried forward -€12,889
down €12,889 (-222%), from -€5,817 to -€18,706
- Other debts -€1,400
down €1,400 (-23.3%), from €6,000 to €4,600
- Trade debts -€335
down €335 (-100%), from €335 to €0
- Gross operating margin -€7,350
down €7,350 (-145%), from -€5,056 to -€12,406
- Other operating charges -€295
down €295 (-40.2%), from €732 to €437
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 | €30,518 | €16,111 | -€14,407 | -47.2% |
| Current assets | 29/58 | €30,518 | €16,111 | -€14,407 | -47.2% |
| Amounts receivable within one year | 40/41 | €4,583 | €13,824 | +€9,241 | +202% |
| Trade receivables | 40 | - | €3,824 | +€3,824 | |
| Other amounts receivable | 41 | €4,583 | €10,000 | +€5,418 | +118% |
| Cash at bank and in hand | 54/58 | €25,935 | €2,113 | -€23,823 | -91.9% |
| Deferred charges and accrued income | 490/1 | - | €175 | +€175 | |
| Total equity and liabilities | 10/49 | €30,518 | €16,111 | -€14,407 | -47.2% |
| Equity | 10/15 | €24,183 | €11,294 | -€12,889 | -53.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,817 | -€18,706 | -€12,889 | -222% |
| Amounts payable | 17/49 | €6,335 | €4,818 | -€1,517 | -24.0% |
| Amounts payable within one year | 42/48 | €6,335 | €4,818 | -€1,517 | -24.0% |
| Trade debts | 44 | €335 | €0 | -€335 | -100% |
| Suppliers | 440/4 | €335 | €0 | -€335 | -100% |
| Taxes, remuneration and social security | 45 | - | €218 | +€218 | |
| Taxes | 450/3 | - | €218 | +€218 | |
| Other amounts payable | 47/48 | €6,000 | €4,600 | -€1,400 | -23.3% |
| Other operating charges | 640/8 | €732 | €437 | -€295 | -40.2% |
| Gross operating margin | 9900 | -€5,056 | -€12,406 | -€7,350 | -145% |
| Operating profit (loss) | 9901 | -€5,788 | -€12,843 | -€7,055 | -122% |
| Financial charges | 65/66B | €29 | €46 | +€17 | +58.1% |
| Recurring financial charges | 65 | €29 | €46 | +€17 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,817 | -€12,889 | -€7,072 | -122% |
| Profit (loss) for the period | 9904 | -€5,817 | -€12,889 | -€7,072 | -122% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,817 | -€12,889 | -€7,072 | -122% |
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 17 October 2026 via checked.be.