BELGO TRADE: 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.
BELGO TRADE
Largest movements
- Stocks and contracts +€115,696
up €115,696 (+36.1%), from €320,077 to €435,773
- Receivables within one year -€75,816
down €75,816 (-23.6%), from €321,220 to €245,404
of which Other amounts receivable: -€62,269
- Intangible fixed assets -€8,750
down €8,750 (-12.3%), from €71,250 to €62,500
- Tax, wage and social debts +€50,266
up €50,266 (+8735.0%), from €575 to €50,842
- Trade debts +€39,723
up €39,723 (+14.2%), from €279,016 to €318,740
- Other debts -€38,664
down €38,664 (-35.7%), from €108,246 to €69,582
- Profit (loss) carried forward -€13,769
down €13,769, from €1,922 to -€11,847
- Financial charges +€35,878
up €35,878 (+1040.6%), from €3,448 to €39,326
- Gross operating margin +€24,425
up €24,425 (+240.7%), from €10,146 to €34,571
- Depreciation +€5,000
up €5,000 (+133.3%), from €3,750 to €8,750
- Taxes -€575
down €575 (-100.0%), from €575 to €0
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 | €712,665 | €747,317 | +€34,652 | +4.9% |
| Fixed assets | 21/28 | €71,250 | €62,500 | -€8,750 | -12.3% |
| Intangible fixed assets | 21 | €71,250 | €62,500 | -€8,750 | -12.3% |
| Current assets | 29/58 | €641,415 | €684,817 | +€43,402 | +6.8% |
| Stocks and contracts in progress | 3 | €320,077 | €435,773 | +€115,696 | +36.1% |
| Stocks | 30/36 | €320,077 | €435,773 | +€115,696 | +36.1% |
| Amounts receivable within one year | 40/41 | €321,220 | €245,404 | -€75,816 | -23.6% |
| Trade receivables | 40 | €258,951 | €245,404 | -€13,548 | -5.2% |
| Other amounts receivable | 41 | €62,269 | - | -€62,269 | |
| Cash at bank and in hand | 54/58 | €118 | €612 | +€494 | +419.2% |
| Deferred charges and accrued income | 490/1 | - | €3,029 | +€3,029 | |
| Total equity and liabilities | 10/49 | €712,665 | €747,317 | +€34,652 | +4.9% |
| Equity | 10/15 | €21,922 | €8,153 | -€13,769 | -62.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,922 | -€11,847 | -€13,769 | |
| Amounts payable | 17/49 | €690,743 | €739,164 | +€48,421 | +7.0% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €390,743 | €439,164 | +€48,421 | +12.4% |
| Financial debts | 43 | €2,905 | - | -€2,905 | |
| Credit institutions | 430/8 | €2,905 | - | -€2,905 | |
| Trade debts | 44 | €279,016 | €318,740 | +€39,723 | +14.2% |
| Suppliers | 440/4 | €279,016 | €318,740 | +€39,723 | +14.2% |
| Taxes, remuneration and social security | 45 | €575 | €50,842 | +€50,266 | +8735.0% |
| Taxes | 450/3 | €575 | €50,842 | +€50,266 | +8735.0% |
| Other amounts payable | 47/48 | €108,246 | €69,582 | -€38,664 | -35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,750 | €8,750 | +€5,000 | +133.3% |
| Other operating charges | 640/8 | €451 | €264 | -€187 | -41.5% |
| Gross operating margin | 9900 | €10,146 | €34,571 | +€24,425 | +240.7% |
| Operating profit (loss) | 9901 | €5,945 | €25,557 | +€19,612 | +329.9% |
| Financial charges | 65/66B | €3,448 | €39,326 | +€35,878 | +1040.6% |
| Recurring financial charges | 65 | €3,448 | €39,326 | +€35,878 | +1040.6% |
| Profit (loss) for the period before taxes | 9903 | €2,497 | -€13,769 | -€16,266 | |
| Income taxes | 67/77 | €575 | €0 | -€575 | -100.0% |
| Profit (loss) for the period | 9904 | €1,922 | -€13,769 | -€15,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,922 | -€13,769 | -€15,690 |
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 30 September 2026 via checked.be.