BELAR: 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.
BELAR
Largest movements
- Tangible fixed assets +€37,942
up €37,942 (+65.4%), from €57,975 to €95,917
of which Furniture and vehicles: +€35,855
- Cash +€26,851
up €26,851 (+549%), from €4,891 to €31,742
mainly Trade debts (+€61,845) and Receivables within one year (+€17,452)
- Receivables within one year -€17,452
down €17,452 (-73.4%), from €23,779 to €6,327
of which Trade receivables: -€15,636
- Deferred charges and accrued income -€1,615
no longer reported in 2024 (was €1,615)
- Trade debts +€61,845
up €61,845 (+298%), from €20,769 to €82,614
- Current portion of long-term debt -€14,070
down €14,070 (-37.0%), from €38,027 to €23,957
- Advances received -€8,500
no longer reported in 2024 (was €8,500)
- Profit (loss) carried forward +€6,433
up €6,433 (+131%), from €4,924 to €11,357
- Tax, wage and social debts +€3,618
up €3,618 (+148%), from €2,440 to €6,058
- Other operating charges -€5,279
down €5,279 (-82.9%), from €6,370 to €1,091
- Depreciation +€3,967
up €3,967 (+37.5%), from €10,589 to €14,556
- Gross operating margin -€2,954
down €2,954 (-10.6%), from €27,962 to €25,008
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 | €88,260 | €133,986 | +€45,726 | +51.8% |
| Fixed assets | 21/28 | €57,975 | €95,917 | +€37,942 | +65.4% |
| Tangible fixed assets | 22/27 | €57,975 | €95,917 | +€37,942 | +65.4% |
| Plant, machinery and equipment | 23 | €5,115 | €7,202 | +€2,087 | +40.8% |
| Furniture and vehicles | 24 | €52,860 | €88,715 | +€35,855 | +67.8% |
| Current assets | 29/58 | €30,285 | €38,069 | +€7,784 | +25.7% |
| Amounts receivable within one year | 40/41 | €23,779 | €6,327 | -€17,452 | -73.4% |
| Trade receivables | 40 | €21,963 | €6,327 | -€15,636 | -71.2% |
| Other amounts receivable | 41 | €1,816 | - | -€1,816 | |
| Cash at bank and in hand | 54/58 | €4,891 | €31,742 | +€26,851 | +549% |
| Deferred charges and accrued income | 490/1 | €1,615 | - | -€1,615 | |
| Total equity and liabilities | 10/49 | €88,260 | €133,986 | +€45,726 | +51.8% |
| Equity | 10/15 | €14,924 | €21,357 | +€6,433 | +43.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,924 | €11,357 | +€6,433 | +131% |
| Amounts payable | 17/49 | €73,336 | €112,629 | +€39,293 | +53.6% |
| Amounts payable within one year | 42/48 | €73,336 | €112,629 | +€39,293 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €38,027 | €23,957 | -€14,070 | -37.0% |
| Trade debts | 44 | €20,769 | €82,614 | +€61,845 | +298% |
| Suppliers | 440/4 | €20,769 | €82,614 | +€61,845 | +298% |
| Advances received on contracts in progress | 46 | €8,500 | - | -€8,500 | |
| Taxes, remuneration and social security | 45 | €2,440 | €6,058 | +€3,618 | +148% |
| Taxes | 450/3 | €2,440 | €6,058 | +€3,618 | +148% |
| Other amounts payable | 47/48 | €3,600 | - | -€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,589 | €14,556 | +€3,967 | +37.5% |
| Other operating charges | 640/8 | €6,370 | €1,091 | -€5,279 | -82.9% |
| Gross operating margin | 9900 | €27,962 | €25,008 | -€2,954 | -10.6% |
| Operating profit (loss) | 9901 | €11,003 | €9,361 | -€1,642 | -14.9% |
| Financial income | 75/76B | €5 | €62 | +€57 | +1,140% |
| Recurring financial income | 75 | €5 | €62 | +€57 | +1,140% |
| Financial charges | 65/66B | €158 | €409 | +€251 | +159% |
| Recurring financial charges | 65 | €158 | €409 | +€251 | +159% |
| Profit (loss) for the period before taxes | 9903 | €10,850 | €9,014 | -€1,836 | -16.9% |
| Income taxes | 67/77 | €2,328 | €2,581 | +€253 | +10.9% |
| Profit (loss) for the period | 9904 | €8,522 | €6,433 | -€2,089 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,522 | €6,433 | -€2,089 | -24.5% |
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 29 October 2026 via checked.be.