Bela: 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.
Bela
Largest movements
- Cash +€18,265
up €18,265 (+55.4%), from €32,963 to €51,229
mainly Depreciation (+€21,157) and Net result for the year (+€17,688)
- Receivables within one year +€9,784
up €9,784 (+53.9%), from €18,159 to €27,944
- Tangible fixed assets -€7,431
down €7,431 (-13.2%), from €56,215 to €48,784
of which Furniture and vehicles: -€9,130
- Intangible fixed assets -€1,800
down €1,800 (-30.8%), from €5,850 to €4,050
- Deferred charges and accrued income -€1,534
down €1,534 (-69.7%), from €2,199 to €665
- Reserves +€17,688
up €17,688 (+21.2%), from €83,597 to €101,285
- Other debts -€4,606
no longer reported in 2025 (was €4,606)
- Tax, wage and social debts +€2,131
up €2,131 (+11.3%), from €18,901 to €21,032
of which Remuneration and social security: +€2,999
- Trade debts +€2,072
up €2,072 (+34.6%), from €5,984 to €8,056
- Gross operating margin -€11,965
down €11,965 (-5.4%), from €220,816 to €208,850
- Taxes -€6,685
down €6,685 (-47.1%), from €14,204 to €7,519
- Staff costs +€4,271
up €4,271 (+2.8%), from €153,715 to €157,986
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 | €135,387 | €152,672 | +€17,285 | +12.8% |
| Fixed assets | 21/28 | €62,065 | €52,834 | -€9,231 | -14.9% |
| Intangible fixed assets | 21 | €5,850 | €4,050 | -€1,800 | -30.8% |
| Tangible fixed assets | 22/27 | €56,215 | €48,784 | -€7,431 | -13.2% |
| Land and buildings | 22 | €7,187 | €9,563 | +€2,376 | +33.1% |
| Plant, machinery and equipment | 23 | €22,398 | €21,722 | -€677 | -3.0% |
| Furniture and vehicles | 24 | €26,630 | €17,500 | -€9,130 | -34.3% |
| Current assets | 29/58 | €73,322 | €99,838 | +€26,516 | +36.2% |
| Stocks and contracts in progress | 3 | €20,000 | €20,000 | = | 0.0% |
| Stocks | 30/36 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,159 | €27,944 | +€9,784 | +53.9% |
| Other amounts receivable | 41 | €18,159 | €27,944 | +€9,784 | +53.9% |
| Cash at bank and in hand | 54/58 | €32,963 | €51,229 | +€18,265 | +55.4% |
| Deferred charges and accrued income | 490/1 | €2,199 | €665 | -€1,534 | -69.7% |
| Total equity and liabilities | 10/49 | €135,387 | €152,672 | +€17,285 | +12.8% |
| Equity | 10/15 | €105,897 | €123,585 | +€17,688 | +16.7% |
| Contributions | 10/11 | €22,300 | €22,300 | = | 0.0% |
| Reserves | 13 | €83,597 | €101,285 | +€17,688 | +21.2% |
| Distributable reserves | 133 | €83,597 | €101,285 | +€17,688 | +21.2% |
| Amounts payable | 17/49 | €29,491 | €29,088 | -€403 | -1.4% |
| Amounts payable within one year | 42/48 | €29,491 | €29,088 | -€403 | -1.4% |
| Trade debts | 44 | €5,984 | €8,056 | +€2,072 | +34.6% |
| Suppliers | 440/4 | €5,984 | €8,056 | +€2,072 | +34.6% |
| Taxes, remuneration and social security | 45 | €18,901 | €21,032 | +€2,131 | +11.3% |
| Taxes | 450/3 | €3,887 | €3,019 | -€869 | -22.3% |
| Remuneration and social security | 454/9 | €15,014 | €18,013 | +€2,999 | +20.0% |
| Other amounts payable | 47/48 | €4,606 | - | -€4,606 | |
| Remuneration, social security and pensions | 62 | €153,715 | €157,986 | +€4,271 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,137 | €21,157 | +€1,020 | +5.1% |
| Other operating charges | 640/8 | €3,954 | €4,240 | +€286 | +7.2% |
| Gross operating margin | 9900 | €220,816 | €208,850 | -€11,965 | -5.4% |
| Operating profit (loss) | 9901 | €43,010 | €25,468 | -€17,542 | -40.8% |
| Financial income | 75/76B | €33 | €72 | +€39 | +119% |
| Recurring financial income | 75 | €33 | €72 | +€39 | +119% |
| Financial charges | 65/66B | €796 | €333 | -€462 | -58.1% |
| Recurring financial charges | 65 | €796 | €333 | -€462 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €42,247 | €25,207 | -€17,040 | -40.3% |
| Income taxes | 67/77 | €14,204 | €7,519 | -€6,685 | -47.1% |
| Profit (loss) for the period | 9904 | €28,043 | €17,688 | -€10,355 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,043 | €17,688 | -€10,355 | -36.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.