Bel'Rose Management: 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'Rose Management
Largest movements
- Cash +€98,012
up €98,012 (+178%), from €55,152 to €153,164
mainly Net result for the year (+€81,983) and Tax, wage and social debts (+€16,752)
- Reserves +€81,983
up €81,983 (+228%), from €35,890 to €117,873
- Tax, wage and social debts +€16,752
up €16,752 (+109%), from €15,332 to €32,083
- Other debts -€2,340
down €2,340 (-64.3%), from €3,638 to €1,299
- Gross operating margin +€69,322
up €69,322 (+125%), from €55,262 to €124,584
- Taxes +€21,575
up €21,575 (+141%), from €15,332 to €36,907
- Financial charges +€1,465
up €1,465 (+42.9%), from €3,417 to €4,882
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 | €59,290 | €156,295 | +€97,005 | +164% |
| Fixed assets | 21/28 | €2,361 | €1,373 | -€989 | -41.9% |
| Tangible fixed assets | 22/27 | €1,311 | €323 | -€989 | -75.4% |
| Furniture and vehicles | 24 | €1,311 | €323 | -€989 | -75.4% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €56,928 | €154,922 | +€97,994 | +172% |
| Cash at bank and in hand | 54/58 | €55,152 | €153,164 | +€98,012 | +178% |
| Deferred charges and accrued income | 490/1 | €1,777 | €1,759 | -€18 | -1.0% |
| Total equity and liabilities | 10/49 | €59,290 | €156,295 | +€97,005 | +164% |
| Equity | 10/15 | €38,390 | €120,373 | +€81,983 | +214% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €35,890 | €117,873 | +€81,983 | +228% |
| Distributable reserves | 133 | €35,890 | €117,873 | +€81,983 | +228% |
| Amounts payable | 17/49 | €20,900 | €35,923 | +€15,022 | +71.9% |
| Amounts payable within one year | 42/48 | €20,900 | €35,923 | +€15,022 | +71.9% |
| Trade debts | 44 | €1,930 | €2,541 | +€611 | +31.6% |
| Suppliers | 440/4 | €1,930 | €2,541 | +€611 | +31.6% |
| Taxes, remuneration and social security | 45 | €15,332 | €32,083 | +€16,752 | +109% |
| Taxes | 450/3 | €15,332 | €32,083 | +€16,752 | +109% |
| Other amounts payable | 47/48 | €3,638 | €1,299 | -€2,340 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172 | €989 | +€817 | +476% |
| Other operating charges | 640/8 | €463 | €380 | -€82 | -17.8% |
| Gross operating margin | 9900 | €55,262 | €124,584 | +€69,322 | +125% |
| Operating profit (loss) | 9901 | €54,628 | €123,215 | +€68,588 | +126% |
| Financial income | 75/76B | €10 | €556 | +€546 | +5,409% |
| Recurring financial income | 75 | €10 | €556 | +€546 | +5,409% |
| Financial charges | 65/66B | €3,417 | €4,882 | +€1,465 | +42.9% |
| Recurring financial charges | 65 | €3,417 | €4,882 | +€1,465 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €51,221 | €118,890 | +€67,669 | +132% |
| Income taxes | 67/77 | €15,332 | €36,907 | +€21,575 | +141% |
| Profit (loss) for the period | 9904 | €35,890 | €81,983 | +€46,093 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €35,890 | €81,983 | +€46,093 | +128% |
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 26 October 2026 via checked.be.