BELA SILVA: 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 SILVA
Largest movements
- Receivables within one year -€44,056
down €44,056 (-99.9%), from €44,083 to €27
of which Trade receivables: -€38,633
- Intangible fixed assets -€32,000
down €32,000 (-24.5%), from €130,667 to €98,667
- Other debts -€38,269
down €38,269 (-27.4%), from €139,901 to €101,632
- Profit (loss) carried forward -€33,341
down €33,341, from €17,982 to -€15,359
- Trade debts -€4,539
down €4,539 (-91.9%), from €4,939 to €400
- Gross operating margin +€24,125
up €24,125 (+99.3%), from -€24,297 to -€172
- Other operating charges +€796
new in 2025: €796
- Financial charges -€530
down €530 (-61.6%), from €861 to €331
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,250 | €99,194 | -€76,056 | -43.4% |
| Fixed assets | 21/28 | €131,167 | €99,167 | -€32,000 | -24.4% |
| Intangible fixed assets | 21 | €130,667 | €98,667 | -€32,000 | -24.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €44,083 | €27 | -€44,056 | -99.9% |
| Amounts receivable within one year | 40/41 | €44,083 | €27 | -€44,056 | -99.9% |
| Trade receivables | 40 | €38,633 | - | -€38,633 | |
| Other amounts receivable | 41 | €5,449 | €27 | -€5,422 | -99.5% |
| Total equity and liabilities | 10/49 | €175,250 | €99,194 | -€76,056 | -43.4% |
| Equity | 10/15 | €30,382 | -€2,959 | -€33,341 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,982 | -€15,359 | -€33,341 | |
| Amounts payable | 17/49 | €144,868 | €102,153 | -€42,715 | -29.5% |
| Amounts payable within one year | 42/48 | €144,868 | €102,153 | -€42,715 | -29.5% |
| Financial debts | 43 | €28 | €121 | +€93 | +335% |
| Credit institutions | 430/8 | €28 | €121 | +€93 | +335% |
| Trade debts | 44 | €4,939 | €400 | -€4,539 | -91.9% |
| Suppliers | 440/4 | €4,939 | €400 | -€4,539 | -91.9% |
| Other amounts payable | 47/48 | €139,901 | €101,632 | -€38,269 | -27.4% |
| Remuneration, social security and pensions | 62 | €278 | €43 | -€236 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,000 | €32,000 | = | 0.0% |
| Other operating charges | 640/8 | - | €796 | +€796 | |
| Gross operating margin | 9900 | -€24,297 | -€172 | +€24,125 | +99.3% |
| Operating profit (loss) | 9901 | -€56,575 | -€33,010 | +€23,565 | +41.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €861 | €331 | -€530 | -61.6% |
| Recurring financial charges | 65 | €861 | €331 | -€530 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | -€57,436 | -€33,341 | +€24,095 | +42.0% |
| Profit (loss) for the period | 9904 | -€57,436 | -€33,341 | +€24,095 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,436 | -€33,341 | +€24,095 | +42.0% |
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 22 October 2026 via checked.be.