Bel Colline: 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.
Bel Colline
Largest movements
- Current investments +€704,603
up €704,603 (+45.2%), from €1.6m to €2.3m
- Cash -€476,649
down €476,649 (-33.3%), from €1.4m to €956,637
mainly Current investments (-€704,603) and Other debts (-€55,036)
- Financial fixed assets -€174,340
down €174,340 (-17.9%), from €974,936 to €800,596
- Profit (loss) carried forward +€58,504
up €58,504 (+10.8%), from €539,487 to €597,991
- Other debts -€55,036
down €55,036 (-1.3%), from €4.3m to €4.3m
- Financial income -€219,408
down €219,408 (-64.9%), from €338,293 to €118,885
- Taxes -€60,248
down €60,248 (-73.9%), from €81,544 to €21,296
- Financial charges +€16,692
up €16,692 (+663%), from €2,517 to €19,209
- Gross operating margin -€8,863
down €8,863 (-29.6%), from €29,919 to €21,056
- Other operating charges +€301
up €301 (+5.7%), from €5,298 to €5,599
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 | €4,954,934 | €4,973,215 | +€18,281 | +0.4% |
| Fixed assets | 21/28 | €1,964,269 | €1,754,596 | -€209,673 | -10.7% |
| Tangible fixed assets | 22/27 | €989,333 | €954,000 | -€35,333 | -3.6% |
| Land and buildings | 22 | €989,333 | €954,000 | -€35,333 | -3.6% |
| Financial fixed assets | 28 | €974,936 | €800,596 | -€174,340 | -17.9% |
| Current assets | 29/58 | €2,990,665 | €3,218,619 | +€227,954 | +7.6% |
| Current investments | 50/53 | €1,557,379 | €2,261,982 | +€704,603 | +45.2% |
| Cash at bank and in hand | 54/58 | €1,433,286 | €956,637 | -€476,649 | -33.3% |
| Total equity and liabilities | 10/49 | €4,954,934 | €4,973,215 | +€18,281 | +0.4% |
| Equity | 10/15 | €553,747 | €612,251 | +€58,504 | +10.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €539,487 | €597,991 | +€58,504 | +10.8% |
| Amounts payable | 17/49 | €4,401,187 | €4,360,964 | -€40,223 | -0.9% |
| Amounts payable within one year | 42/48 | €4,401,187 | €4,360,964 | -€40,223 | -0.9% |
| Trade debts | 44 | €7,572 | €1,089 | -€6,483 | -85.6% |
| Suppliers | 440/4 | €7,572 | €1,089 | -€6,483 | -85.6% |
| Taxes, remuneration and social security | 45 | €79,737 | €101,033 | +€21,296 | +26.7% |
| Taxes | 450/3 | €79,737 | €101,033 | +€21,296 | +26.7% |
| Other amounts payable | 47/48 | €4,313,877 | €4,258,842 | -€55,036 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,333 | €35,333 | = | 0.0% |
| Other operating charges | 640/8 | €5,298 | €5,599 | +€301 | +5.7% |
| Gross operating margin | 9900 | €29,919 | €21,056 | -€8,863 | -29.6% |
| Operating profit (loss) | 9901 | -€10,712 | -€19,876 | -€9,164 | -85.6% |
| Financial income | 75/76B | €338,293 | €118,885 | -€219,408 | -64.9% |
| Recurring financial income | 75 | €338,293 | €118,885 | -€219,408 | -64.9% |
| Financial charges | 65/66B | €2,517 | €19,209 | +€16,692 | +663% |
| Recurring financial charges | 65 | €2,517 | €19,209 | +€16,692 | +663% |
| Profit (loss) for the period before taxes | 9903 | €325,065 | €79,800 | -€245,265 | -75.5% |
| Income taxes | 67/77 | €81,544 | €21,296 | -€60,248 | -73.9% |
| Profit (loss) for the period | 9904 | €243,521 | €58,504 | -€185,017 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €243,521 | €58,504 | -€185,017 | -76.0% |
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 14 October 2026 via checked.be.