BELL IMMOBILIER: 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 IMMOBILIER
Largest movements
- Receivables within one year -€11,245
down €11,245 (-97.3%), from €11,559 to €314
of which Trade receivables: -€11,377
- Tangible fixed assets -€6,394
down €6,394 (-3.4%), from €188,082 to €181,688
of which Land and buildings: -€5,835
- Cash -€4,582
down €4,582 (-94.5%), from €4,849 to €266
mainly Net result for the year (-€16,851) and Current portion of long-term debt (-€10,690)
- Profit (loss) carried forward -€16,851
new in 2025: -€16,851
- Debts after one year +€13,400
up €13,400 (+12.2%), from €110,000 to €123,400
- Current portion of long-term debt -€10,690
no longer reported in 2025 (was €10,690)
- Tax, wage and social debts -€4,195
no longer reported in 2025 (was €4,195)
- Trade debts -€3,838
no longer reported in 2025 (was €3,838)
- Gross operating margin -€21,453
down €21,453, from €14,652 to -€6,801
- Financial charges -€2,150
down €2,150 (-84.7%), from €2,540 to €389
- Other operating charges -€561
down €561 (-14.5%), from €3,859 to €3,298
- Depreciation -€225
down €225 (-3.4%), from €6,619 to €6,394
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 | €204,675 | €182,741 | -€21,933 | -10.7% |
| Fixed assets | 21/28 | €188,082 | €181,688 | -€6,394 | -3.4% |
| Tangible fixed assets | 22/27 | €188,082 | €181,688 | -€6,394 | -3.4% |
| Land and buildings | 22 | €186,899 | €181,064 | -€5,835 | -3.1% |
| Furniture and vehicles | 24 | €1,183 | €624 | -€560 | -47.3% |
| Current assets | 29/58 | €16,593 | €1,053 | -€15,539 | -93.7% |
| Amounts receivable within one year | 40/41 | €11,559 | €314 | -€11,245 | -97.3% |
| Trade receivables | 40 | €11,526 | €149 | -€11,377 | -98.7% |
| Other amounts receivable | 41 | €33 | €165 | +€132 | +402% |
| Cash at bank and in hand | 54/58 | €4,849 | €266 | -€4,582 | -94.5% |
| Deferred charges and accrued income | 490/1 | €185 | €473 | +€288 | +155% |
| Total equity and liabilities | 10/49 | €204,675 | €182,741 | -€21,933 | -10.7% |
| Equity | 10/15 | €70,786 | €53,936 | -€16,851 | -23.8% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Contributions outside capital | 11 | €55,000 | €55,000 | = | 0.0% |
| Other | 1109/19 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €15,786 | €15,786 | = | 0.0% |
| Distributable reserves | 133 | €15,786 | €15,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€16,851 | -€16,851 | |
| Amounts payable | 17/49 | €133,889 | €128,806 | -€5,083 | -3.8% |
| Amounts payable after more than one year | 17 | €110,000 | €123,400 | +€13,400 | +12.2% |
| Other amounts payable | 178/9 | €110,000 | €123,400 | +€13,400 | +12.2% |
| Amounts payable within one year | 42/48 | €23,889 | €5,406 | -€18,483 | -77.4% |
| Current portion of amounts payable after more than one year | 42 | €10,690 | - | -€10,690 | |
| Trade debts | 44 | €3,838 | - | -€3,838 | |
| Suppliers | 440/4 | €3,838 | - | -€3,838 | |
| Taxes, remuneration and social security | 45 | €4,195 | - | -€4,195 | |
| Taxes | 450/3 | €4,195 | - | -€4,195 | |
| Other amounts payable | 47/48 | €5,166 | €5,406 | +€239 | +4.6% |
| Non-recurring operating income | 76A | €30,855 | - | -€30,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,619 | €6,394 | -€225 | -3.4% |
| Other operating charges | 640/8 | €3,859 | €3,298 | -€561 | -14.5% |
| Gross operating margin | 9900 | €14,652 | -€6,801 | -€21,453 | |
| Operating profit (loss) | 9901 | €4,174 | -€16,494 | -€20,667 | |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €2,540 | €389 | -€2,150 | -84.7% |
| Recurring financial charges | 65 | €2,540 | €389 | -€2,150 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €1,634 | -€16,851 | -€18,485 | |
| Profit (loss) for the period | 9904 | €1,634 | -€16,851 | -€18,485 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,634 | -€16,851 | -€18,485 |
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 31 October 2026 via checked.be.