ATELIERS BELLUZZO: 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.
ATELIERS BELLUZZO
Largest movements
- Receivables within one year +€111,345
up €111,345 (+112%), from €99,308 to €210,653
of which Trade receivables: +€111,345
- Tangible fixed assets +€56,336
up €56,336 (+540%), from €10,426 to €66,762
of which Plant, machinery and equipment: +€60,657
- Deferred charges and accrued income -€4,968
down €4,968 (-88.6%), from €5,608 to €640
- Other debts +€100,000
up €100,000, from €0 to €100,000
- Debts after one year +€46,532
up €46,532 (+851%), from €5,465 to €51,997
- Current portion of long-term debt +€13,565
up €13,565 (+467%), from €2,906 to €16,470
- Tax, wage and social debts +€13,548
up €13,548 (+52.2%), from €25,946 to €39,494
of which Taxes: +€12,722
- Profit (loss) carried forward -€8,767
down €8,767 (-81.2%), from €10,796 to €2,029
- Gross operating margin +€133,389
up €133,389 (+82.5%), from €161,619 to €295,008
- Taxes +€29,421
up €29,421 (+1,159%), from €2,538 to €31,959
- Depreciation +€9,529
up €9,529 (+197%), from €4,826 to €14,354
- Staff costs +€6,370
up €6,370 (+4.3%), from €148,562 to €154,932
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,877 | €286,319 | +€162,442 | +131% |
| Fixed assets | 21/28 | €10,426 | €66,762 | +€56,336 | +540% |
| Tangible fixed assets | 22/27 | €10,426 | €66,762 | +€56,336 | +540% |
| Plant, machinery and equipment | 23 | €1,343 | €62,000 | +€60,657 | +4,516% |
| Furniture and vehicles | 24 | €606 | €297 | -€308 | -50.9% |
| Leasing and similar rights | 25 | €8,477 | €4,464 | -€4,013 | -47.3% |
| Current assets | 29/58 | €113,451 | €219,558 | +€106,107 | +93.5% |
| Amounts receivable within one year | 40/41 | €99,308 | €210,653 | +€111,345 | +112% |
| Trade receivables | 40 | €89,308 | €200,653 | +€111,345 | +125% |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,534 | €8,265 | -€270 | -3.2% |
| Deferred charges and accrued income | 490/1 | €5,608 | €640 | -€4,968 | -88.6% |
| Total equity and liabilities | 10/49 | €123,877 | €286,319 | +€162,442 | +131% |
| Equity | 10/15 | €80,796 | €72,029 | -€8,767 | -10.9% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,796 | €2,029 | -€8,767 | -81.2% |
| Amounts payable | 17/49 | €43,081 | €214,290 | +€171,209 | +397% |
| Amounts payable after more than one year | 17 | €5,465 | €51,997 | +€46,532 | +851% |
| Financial debts | 170/4 | €5,465 | €51,997 | +€46,532 | +851% |
| Amounts payable within one year | 42/48 | €36,478 | €161,130 | +€124,652 | +342% |
| Current portion of amounts payable after more than one year | 42 | €2,906 | €16,470 | +€13,565 | +467% |
| Trade debts | 44 | €7,626 | €5,166 | -€2,460 | -32.3% |
| Suppliers | 440/4 | €7,626 | €5,166 | -€2,460 | -32.3% |
| Taxes, remuneration and social security | 45 | €25,946 | €39,494 | +€13,548 | +52.2% |
| Taxes | 450/3 | €7,709 | €20,431 | +€12,722 | +165% |
| Remuneration and social security | 454/9 | €18,237 | €19,063 | +€826 | +4.5% |
| Other amounts payable | 47/48 | €0 | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €1,137 | €1,163 | +€25 | +2.2% |
| Remuneration, social security and pensions | 62 | €148,562 | €154,932 | +€6,370 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,826 | €14,354 | +€9,529 | +197% |
| Other operating charges | 640/8 | €763 | €791 | +€27 | +3.5% |
| Gross operating margin | 9900 | €161,619 | €295,008 | +€133,389 | +82.5% |
| Operating profit (loss) | 9901 | €7,468 | €124,931 | +€117,463 | +1,573% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €366 | €1,740 | +€1,374 | +375% |
| Recurring financial charges | 65 | €366 | €1,740 | +€1,374 | +375% |
| Profit (loss) for the period before taxes | 9903 | €7,102 | €123,191 | +€116,089 | +1,635% |
| Income taxes | 67/77 | €2,538 | €31,959 | +€29,421 | +1,159% |
| Profit (loss) for the period | 9904 | €4,564 | €91,233 | +€86,669 | +1,899% |
| Profit (loss) for the period to be appropriated | 9905 | €4,564 | €91,233 | +€86,669 | +1,899% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.