Paco Belmontes: what changed
Paco Belmontes
Largest movements
- Receivables within one year +€17,926
up €17,926 (+82.6%), from €21,690 to €39,616
of which Other amounts receivable: +€19,784
- Tangible fixed assets -€12,915
down €12,915 (-10.1%), from €127,406 to €114,491
of which Other tangible fixed assets: -€7,218
- Cash -€9,987
down €9,987 (-14.0%), from €71,283 to €61,296
mainly Contributions, distributions and other (-€77,500) and Current portion of long-term debt (-€21,735)
- Tax, wage and social debts +€22,806
up €22,806 (+63.4%), from €35,952 to €58,758
of which Taxes: +€26,301
- Profit (loss) carried forward -€22,674
down €22,674 (-32.1%), from €70,526 to €47,852
- Current portion of long-term debt -€21,735
down €21,735 (-55.4%), from €39,240 to €17,505
- Debts after one year +€10,246
up €10,246 (+17.5%), from €58,710 to €68,956
- Trade debts +€5,350
up €5,350 (+27.8%), from €19,224 to €24,574
- Gross operating margin -€16,307
down €16,307 (-11.2%), from €145,018 to €128,711
- Staff costs -€11,818
down €11,818 (-23.8%), from €49,660 to €37,842
- Financial charges +€2,519
up €2,519 (+258%), from €977 to €3,496
- Other operating charges +€1,893
up €1,893 (+294%), from €644 to €2,537
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,652 | €219,645 | -€6,007 | -2.7% |
| Fixed assets | 21/28 | €127,655 | €114,740 | -€12,915 | -10.1% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €127,406 | €114,491 | -€12,915 | -10.1% |
| Plant, machinery and equipment | 23 | €13,179 | €11,482 | -€1,697 | -12.9% |
| Furniture and vehicles | 24 | €14,992 | €10,992 | -€4,000 | -26.7% |
| Other tangible fixed assets | 26 | €99,235 | €92,017 | -€7,218 | -7.3% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €97,997 | €104,905 | +€6,908 | +7.0% |
| Stocks and contracts in progress | 3 | €4,905 | €3,655 | -€1,250 | -25.5% |
| Stocks | 30/36 | €4,905 | €3,655 | -€1,250 | -25.5% |
| Amounts receivable within one year | 40/41 | €21,690 | €39,616 | +€17,926 | +82.6% |
| Trade receivables | 40 | €1,858 | - | -€1,858 | |
| Other amounts receivable | 41 | €19,832 | €39,616 | +€19,784 | +99.8% |
| Cash at bank and in hand | 54/58 | €71,283 | €61,296 | -€9,987 | -14.0% |
| Deferred charges and accrued income | 490/1 | €119 | €338 | +€219 | +184% |
| Total equity and liabilities | 10/49 | €225,652 | €219,645 | -€6,007 | -2.7% |
| Equity | 10/15 | €72,526 | €49,852 | -€22,674 | -31.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,526 | €47,852 | -€22,674 | -32.1% |
| Amounts payable | 17/49 | €153,126 | €169,793 | +€16,667 | +10.9% |
| Amounts payable after more than one year | 17 | €58,710 | €68,956 | +€10,246 | +17.5% |
| Financial debts | 170/4 | €58,710 | €68,956 | +€10,246 | +17.5% |
| Amounts payable within one year | 42/48 | €94,416 | €100,837 | +€6,421 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €39,240 | €17,505 | -€21,735 | -55.4% |
| Trade debts | 44 | €19,224 | €24,574 | +€5,350 | +27.8% |
| Suppliers | 440/4 | €19,224 | €24,574 | +€5,350 | +27.8% |
| Taxes, remuneration and social security | 45 | €35,952 | €58,758 | +€22,806 | +63.4% |
| Taxes | 450/3 | €30,960 | €57,261 | +€26,301 | +85.0% |
| Remuneration and social security | 454/9 | €4,992 | €1,497 | -€3,495 | -70.0% |
| Remuneration, social security and pensions | 62 | €49,660 | €37,842 | -€11,818 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,734 | €15,144 | +€410 | +2.8% |
| Other operating charges | 640/8 | €644 | €2,537 | +€1,893 | +294% |
| Gross operating margin | 9900 | €145,018 | €128,711 | -€16,307 | -11.2% |
| Operating profit (loss) | 9901 | €79,980 | €73,188 | -€6,792 | -8.5% |
| Financial income | 75/76B | €79 | - | -€79 | |
| Recurring financial income | 75 | €79 | - | -€79 | |
| Financial charges | 65/66B | €977 | €3,496 | +€2,519 | +258% |
| Recurring financial charges | 65 | €977 | €3,496 | +€2,519 | +258% |
| Profit (loss) for the period before taxes | 9903 | €79,082 | €69,692 | -€9,390 | -11.9% |
| Income taxes | 67/77 | €15,896 | €14,866 | -€1,030 | -6.5% |
| Profit (loss) for the period | 9904 | €63,186 | €54,826 | -€8,360 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,186 | €54,826 | -€8,360 | -13.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.