BELISSIMA: what changed
Two fiscal 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.
BELISSIMA
Largest movements
- Formation expenses -€262
down €262 (-23.5%), from €1,114 to €852
- Profit (loss) carried forward -€262
down €262 (-86.8%), from -€302 to -€564
- Gross operating margin +€106
no longer reported in 2025 (was -€106)
- Depreciation +€66
up €66 (+33.3%), from €197 to €262
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.
Cash bridge derived
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 | €4,698 | €4,436 | -€262 | -5.6% |
| Formation expenses | 20 | €1,114 | €852 | -€262 | -23.5% |
| Current assets | 29/58 | €3,585 | €3,585 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,585 | €3,585 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,698 | €4,436 | -€262 | -5.6% |
| Equity | 10/15 | €4,698 | €4,436 | -€262 | -5.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€302 | -€564 | -€262 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197 | €262 | +€66 | +33.3% |
| Gross operating margin | 9900 | -€106 | - | +€106 | |
| Operating profit (loss) | 9901 | -€302 | -€262 | +€40 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€302 | -€262 | +€40 | +13.2% |
| Profit (loss) for the period | 9904 | -€302 | -€262 | +€40 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€302 | -€262 | +€40 | +13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.