BELL'ARCO: 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'ARCO
Largest movements
- Stocks and contracts -€767,201
down €767,201 (-98.8%), from €776,170 to €8,969
- Cash +€667,597
up €667,597 (+200.2%), from €333,449 to €1.0m
mainly Stocks and contracts (+€767,201) and Net result for the year (+€24,012)
- Current investments +€60,000
up €60,000 (+5.2%), from €1.2m to €1.2m
- Tangible fixed assets +€55,213
up €55,213 (+87.5%), from €63,090 to €118,303
of which Furniture and vehicles: +€57,157
- Reserves +€24,012
up €24,012 (+1.1%), from €2.1m to €2.1m
- Gross operating margin +€21,133
up €21,133 (+76.7%), from €27,543 to €48,676
- Financial income +€2,272
up €2,272 (+216.3%), from €1,050 to €3,323
- Other operating charges -€1,754
down €1,754 (-31.0%), from €5,653 to €3,899
- Financial charges +€1,136
up €1,136, from -€295 to €841
- Depreciation +€560
up €560 (+2.5%), from €22,016 to €22,576
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 | €2,335,771 | €2,350,261 | +€14,491 | +0.6% |
| Fixed assets | 21/28 | €63,090 | €118,303 | +€55,213 | +87.5% |
| Tangible fixed assets | 22/27 | €63,090 | €118,303 | +€55,213 | +87.5% |
| Land and buildings | 22 | €16,488 | €14,545 | -€1,943 | -11.8% |
| Furniture and vehicles | 24 | €46,601 | €103,758 | +€57,157 | +122.7% |
| Current assets | 29/58 | €2,272,681 | €2,231,958 | -€40,723 | -1.8% |
| Stocks and contracts in progress | 3 | €776,170 | €8,969 | -€767,201 | -98.8% |
| Stocks | 30/36 | €776,170 | €8,969 | -€767,201 | -98.8% |
| Amounts receivable within one year | 40/41 | €4,741 | €1,480 | -€3,261 | -68.8% |
| Trade receivables | 40 | €4,440 | €0 | -€4,440 | -100.0% |
| Other amounts receivable | 41 | €301 | €1,480 | +€1,179 | +391.0% |
| Current investments | 50/53 | €1,155,000 | €1,215,000 | +€60,000 | +5.2% |
| Cash at bank and in hand | 54/58 | €333,449 | €1,001,045 | +€667,597 | +200.2% |
| Deferred charges and accrued income | 490/1 | €3,321 | €5,464 | +€2,142 | +64.5% |
| Total equity and liabilities | 10/49 | €2,335,771 | €2,350,261 | +€14,491 | +0.6% |
| Equity | 10/15 | €2,118,212 | €2,142,224 | +€24,012 | +1.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €2,112,006 | €2,136,018 | +€24,012 | +1.1% |
| Distributable reserves | 133 | €2,112,006 | €2,136,018 | +€24,012 | +1.1% |
| Amounts payable | 17/49 | €217,559 | €208,038 | -€9,521 | -4.4% |
| Amounts payable after more than one year | 17 | €203,335 | €203,435 | +€100 | 0.0% |
| Other amounts payable | 178/9 | €203,335 | €203,435 | +€100 | 0.0% |
| Amounts payable within one year | 42/48 | €13,974 | €4,353 | -€9,621 | -68.9% |
| Trade debts | 44 | €11,329 | €2,414 | -€8,915 | -78.7% |
| Suppliers | 440/4 | €11,329 | €2,414 | -€8,915 | -78.7% |
| Taxes, remuneration and social security | 45 | €2,645 | €1,938 | -€707 | -26.7% |
| Taxes | 450/3 | €1,395 | €688 | -€707 | -50.7% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,016 | €22,576 | +€560 | +2.5% |
| Other operating charges | 640/8 | €5,653 | €3,899 | -€1,754 | -31.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €27,543 | €48,676 | +€21,133 | +76.7% |
| Operating profit (loss) | 9901 | -€126 | €22,201 | +€22,327 | |
| Financial income | 75/76B | €1,050 | €3,323 | +€2,272 | +216.3% |
| Recurring financial income | 75 | €1,050 | €3,323 | +€2,272 | +216.3% |
| Financial charges | 65/66B | -€295 | €841 | +€1,136 | |
| Recurring financial charges | 65 | -€295 | €841 | +€1,136 | |
| Profit (loss) for the period before taxes | 9903 | €1,220 | €24,683 | +€23,463 | +1923.6% |
| Income taxes | 67/77 | €1,033 | €671 | -€362 | -35.1% |
| Profit (loss) for the period | 9904 | €186 | €24,012 | +€23,826 | +12787.5% |
| Profit (loss) for the period to be appropriated | 9905 | €186 | €24,012 | +€23,826 | +12787.5% |
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 9 October 2026 via checked.be.