Bell: 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.
Bell
Largest movements
- Receivables within one year +€71,081
up €71,081 (+61.5%), from €115,657 to €186,738
- Cash -€52,274
down €52,274 (-49.1%), from €106,478 to €54,204
mainly Contributions, distributions and other (-€210,000) and Receivables within one year (-€71,081)
- Other debts +€100,947
up €100,947 (+95.0%), from €106,250 to €207,197
- Reserves -€68,013
down €68,013 (-82.1%), from €82,809 to €14,796
- Tax, wage and social debts -€18,750
down €18,750 (-100.0%), from €18,750 to €0
- Profit (loss) carried forward +€4,224
up €4,224, from -€4,224 to €0
- Financial income +€147,536
up €147,536 (+3362.4%), from €4,388 to €151,924
- Gross operating margin -€836
down €836 (-19.8%), from -€4,210 to -€5,046
- Other operating charges -€188
down €188 (-23.6%), from €795 to €607
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 | €222,135 | €240,942 | +€18,807 | +8.5% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €222,134 | €240,941 | +€18,807 | +8.5% |
| Amounts receivable within one year | 40/41 | €115,657 | €186,738 | +€71,081 | +61.5% |
| Other amounts receivable | 41 | €115,657 | €186,738 | +€71,081 | +61.5% |
| Cash at bank and in hand | 54/58 | €106,478 | €54,204 | -€52,274 | -49.1% |
| Total equity and liabilities | 10/49 | €222,135 | €240,942 | +€18,807 | +8.5% |
| Equity | 10/15 | €97,135 | €33,346 | -€63,790 | -65.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €82,809 | €14,796 | -€68,013 | -82.1% |
| Distributable reserves | 133 | €82,809 | €14,796 | -€68,013 | -82.1% |
| Profit (loss) carried forward | 14 | -€4,224 | €0 | +€4,224 | |
| Amounts payable | 17/49 | €125,000 | €207,597 | +€82,597 | +66.1% |
| Amounts payable within one year | 42/48 | €125,000 | €207,597 | +€82,597 | +66.1% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €18,750 | €0 | -€18,750 | -100.0% |
| Taxes | 450/3 | €18,750 | €0 | -€18,750 | -100.0% |
| Other amounts payable | 47/48 | €106,250 | €207,197 | +€100,947 | +95.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €795 | €607 | -€188 | -23.6% |
| Gross operating margin | 9900 | -€4,210 | -€5,046 | -€836 | -19.8% |
| Operating profit (loss) | 9901 | -€5,006 | -€5,653 | -€648 | -12.9% |
| Financial income | 75/76B | €4,388 | €151,924 | +€147,536 | +3362.4% |
| Recurring financial income | 75 | €4,388 | €151,924 | +€147,536 | +3362.4% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€678 | €146,210 | +€146,888 | |
| Profit (loss) for the period | 9904 | -€678 | €146,210 | +€146,888 | |
| Profit (loss) for the period to be appropriated | 9905 | -€678 | €146,210 | +€146,888 |
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 10 October 2026 via checked.be.