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.
BELESEPAN
Largest movements
- Current investments +€300,000
up €300,000 (+150.0%), from €200,000 to €500,000
- Cash -€182,182
down €182,182 (-96.3%), from €189,185 to €7,003
mainly Current investments (-€300,000) and Investment in fixed assets (net) (-€48,471)
- Tangible fixed assets +€35,951
up €35,951 (+127.1%), from €28,278 to €64,229
of which Furniture and vehicles: +€41,070
- Reserves +€143,552
up €143,552 (+33.8%), from €424,945 to €568,498
- Tax, wage and social debts +€12,583
new in 2024: €12,583
- Gross operating margin -€18,276
down €18,276 (-8.9%), from €205,516 to €187,240
- Financial income +€9,298
up €9,298 (+380.1%), from €2,446 to €11,744
- Taxes -€3,915
down €3,915 (-8.5%), from €46,191 to €42,275
- Depreciation +€3,909
up €3,909 (+45.4%), from €8,611 to €12,520
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 | €427,965 | €583,995 | +€156,030 | +36.5% |
| Fixed assets | 21/28 | €28,278 | €64,229 | +€35,951 | +127.1% |
| Tangible fixed assets | 22/27 | €28,278 | €64,229 | +€35,951 | +127.1% |
| Plant, machinery and equipment | 23 | €2,049 | €3,866 | +€1,817 | +88.7% |
| Furniture and vehicles | 24 | €1,589 | €42,659 | +€41,070 | +2583.8% |
| Other tangible fixed assets | 26 | €24,639 | €17,704 | -€6,935 | -28.1% |
| Current assets | 29/58 | €399,687 | €519,766 | +€120,079 | +30.0% |
| Amounts receivable within one year | 40/41 | €6,913 | €10,519 | +€3,606 | +52.2% |
| Other amounts receivable | 41 | €6,913 | €10,519 | +€3,606 | +52.2% |
| Current investments | 50/53 | €200,000 | €500,000 | +€300,000 | +150.0% |
| Cash at bank and in hand | 54/58 | €189,185 | €7,003 | -€182,182 | -96.3% |
| Deferred charges and accrued income | 490/1 | €3,589 | €2,243 | -€1,345 | -37.5% |
| Total equity and liabilities | 10/49 | €427,965 | €583,995 | +€156,030 | +36.5% |
| Equity | 10/15 | €427,445 | €570,998 | +€143,552 | +33.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €424,945 | €568,498 | +€143,552 | +33.8% |
| Distributable reserves | 133 | €424,945 | €568,498 | +€143,552 | +33.8% |
| Amounts payable | 17/49 | €519 | €12,997 | +€12,478 | +2402.6% |
| Amounts payable within one year | 42/48 | €519 | €12,997 | +€12,478 | +2402.6% |
| Financial debts | 43 | €163 | €0 | -€163 | -100.0% |
| Credit institutions | 430/8 | €163 | €0 | -€163 | -100.0% |
| Trade debts | 44 | €356 | €414 | +€58 | +16.3% |
| Suppliers | 440/4 | €356 | €414 | +€58 | +16.3% |
| Taxes, remuneration and social security | 45 | - | €12,583 | +€12,583 | |
| Taxes | 450/3 | - | €12,583 | +€12,583 | |
| Other amounts payable | 47/48 | €0 | €0 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,611 | €12,520 | +€3,909 | +45.4% |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Gross operating margin | 9900 | €205,516 | €187,240 | -€18,276 | -8.9% |
| Operating profit (loss) | 9901 | €196,412 | €174,215 | -€22,197 | -11.3% |
| Financial income | 75/76B | €2,446 | €11,744 | +€9,298 | +380.1% |
| Recurring financial income | 75 | €2,446 | €11,744 | +€9,298 | +380.1% |
| Financial charges | 65/66B | €120 | €131 | +€11 | +9.2% |
| Recurring financial charges | 65 | €120 | €131 | +€11 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €198,738 | €185,828 | -€12,910 | -6.5% |
| Income taxes | 67/77 | €46,191 | €42,275 | -€3,915 | -8.5% |
| Profit (loss) for the period | 9904 | €152,547 | €143,552 | -€8,995 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €152,547 | €143,552 | -€8,995 | -5.9% |
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 27 September 2026 via checked.be.