BEL WELL: what changed
BEL WELL
Largest movements
- Stocks and contracts +€22,358
up €22,358 (+35.8%), from €62,377 to €84,735
- Cash -€860
down €860 (-76.2%), from €1,128 to €268
mainly Stocks and contracts (-€22,358)
- Other debts +€19,000
up €19,000 (+31.7%), from €60,000 to €79,000
- Profit (loss) carried forward +€2,148
up €2,148 (+43,481%), from €5 to €2,153
- Purchases and services +€129,554
up €129,554 (+514%), from €25,193 to €154,748
- Turnover +€129,386
up €129,386 (+467%), from €27,713 to €157,100
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,505 | €85,003 | +€21,498 | +33.9% |
| Current assets | 29/58 | €63,505 | €85,003 | +€21,498 | +33.9% |
| Stocks and contracts in progress | 3 | €62,377 | €84,735 | +€22,358 | +35.8% |
| Stocks | 30/36 | €62,377 | €84,735 | +€22,358 | +35.8% |
| Cash at bank and in hand | 54/58 | €1,128 | €268 | -€860 | -76.2% |
| Total equity and liabilities | 10/49 | €63,505 | €85,003 | +€21,498 | +33.9% |
| Equity | 10/15 | €3,505 | €6,003 | +€2,498 | +71.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Capital | 10 | €3,500 | €3,500 | = | 0.0% |
| Issued capital | 100 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | - | €350 | +€350 | |
| Non-distributable reserves | 130/1 | - | €350 | +€350 | |
| Legal reserve | 130 | - | €350 | +€350 | |
| Profit (loss) carried forward | 14 | €5 | €2,153 | +€2,148 | +43,481% |
| Amounts payable | 17/49 | €60,000 | €79,000 | +€19,000 | +31.7% |
| Amounts payable within one year | 42/48 | €60,000 | €79,000 | +€19,000 | +31.7% |
| Other amounts payable | 47/48 | €60,000 | €79,000 | +€19,000 | +31.7% |
| Turnover | 70 | €27,713 | €157,100 | +€129,386 | +467% |
| Goods, raw materials, services and sundry goods | 60/61 | €25,193 | €154,748 | +€129,554 | +514% |
| Other operating charges | 640/8 | €631 | - | -€631 | |
| Gross operating margin | 9900 | €2,520 | €2,352 | -€168 | -6.7% |
| Operating profit (loss) | 9901 | €1,889 | €2,352 | +€463 | +24.5% |
| Financial income | 75/76B | - | €146 | +€146 | |
| Recurring financial income | 75 | - | €146 | +€146 | |
| Profit (loss) for the period before taxes | 9903 | €1,889 | €2,498 | +€609 | +32.2% |
| Profit (loss) for the period | 9904 | €1,889 | €2,498 | +€609 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,889 | €2,498 | +€609 | +32.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.