Bella: 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.
Bella
Largest movements
- Tangible fixed assets +€61,609
up €61,609 (+889.0%), from €6,930 to €68,539
of which Furniture and vehicles: +€60,972
- Stocks and contracts -€54,684
down €54,684 (-22.0%), from €248,074 to €193,390
- Cash -€3,274
down €3,274 (-63.5%), from €5,155 to €1,880
mainly Investment in fixed assets (net) (-€64,491) and Other debts (-€21,637)
- Debts after one year +€40,963
new in 2025: €40,963
- Other debts -€21,637
down €21,637 (-68.5%), from €31,584 to €9,947
- Tax, wage and social debts -€13,546
down €13,546 (-57.5%), from €23,546 to €10,000
- Current portion of long-term debt +€10,686
new in 2025: €10,686
- Trade debts -€6,080
down €6,080 (-5.2%), from €117,081 to €111,001
- Gross operating margin -€16,951
down €16,951 (-69.4%), from €24,409 to €7,458
- Taxes -€4,733
no longer reported in 2025 (was €4,733)
- Financial charges +€3,949
up €3,949 (+170.5%), from €2,316 to €6,265
- Other operating charges -€3,876
down €3,876 (-59.6%), from €6,505 to €2,629
- Depreciation +€711
up €711 (+32.7%), from €2,171 to €2,882
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 | €261,395 | €263,810 | +€2,415 | +0.9% |
| Fixed assets | 21/28 | €6,930 | €68,539 | +€61,609 | +889.0% |
| Tangible fixed assets | 22/27 | €6,930 | €68,539 | +€61,609 | +889.0% |
| Plant, machinery and equipment | 23 | €5,532 | €6,169 | +€637 | +11.5% |
| Furniture and vehicles | 24 | €1,398 | €62,371 | +€60,972 | +4361.3% |
| Current assets | 29/58 | €254,465 | €195,270 | -€59,195 | -23.3% |
| Stocks and contracts in progress | 3 | €248,074 | €193,390 | -€54,684 | -22.0% |
| Stocks | 30/36 | €248,074 | €193,390 | -€54,684 | -22.0% |
| Amounts receivable within one year | 40/41 | €1,236 | - | -€1,236 | |
| Other amounts receivable | 41 | €1,236 | - | -€1,236 | |
| Cash at bank and in hand | 54/58 | €5,155 | €1,880 | -€3,274 | -63.5% |
| Total equity and liabilities | 10/49 | €261,395 | €263,810 | +€2,415 | +0.9% |
| Equity | 10/15 | €40,296 | €36,078 | -€4,218 | -10.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €512 | €512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €512 | €512 | = | 0.0% |
| Reserves not available under the articles | 1311 | €512 | €512 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,192 | €16,974 | -€4,218 | -19.9% |
| Amounts payable | 17/49 | €221,099 | €227,732 | +€6,633 | +3.0% |
| Amounts payable after more than one year | 17 | - | €40,963 | +€40,963 | |
| Financial debts | 170/4 | - | €40,963 | +€40,963 | |
| Amounts payable within one year | 42/48 | €199,964 | €165,634 | -€34,330 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,686 | +€10,686 | |
| Financial debts | 43 | €27,753 | €24,000 | -€3,753 | -13.5% |
| Credit institutions | 430/8 | €3,753 | - | -€3,753 | |
| Other loans | 439 | €24,000 | €24,000 | = | 0.0% |
| Trade debts | 44 | €117,081 | €111,001 | -€6,080 | -5.2% |
| Suppliers | 440/4 | €117,081 | €111,001 | -€6,080 | -5.2% |
| Taxes, remuneration and social security | 45 | €23,546 | €10,000 | -€13,546 | -57.5% |
| Taxes | 450/3 | €23,546 | €10,000 | -€13,546 | -57.5% |
| Other amounts payable | 47/48 | €31,584 | €9,947 | -€21,637 | -68.5% |
| Accrued charges and deferred income | 492/3 | €21,135 | €21,135 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,171 | €2,882 | +€711 | +32.7% |
| Other operating charges | 640/8 | €6,505 | €2,629 | -€3,876 | -59.6% |
| Gross operating margin | 9900 | €24,409 | €7,458 | -€16,951 | -69.4% |
| Operating profit (loss) | 9901 | €15,733 | €1,947 | -€13,786 | -87.6% |
| Financial income | 75/76B | €530 | €100 | -€430 | -81.1% |
| Recurring financial income | 75 | €530 | €100 | -€430 | -81.1% |
| Financial charges | 65/66B | €2,316 | €6,265 | +€3,949 | +170.5% |
| Recurring financial charges | 65 | €2,316 | €6,265 | +€3,949 | +170.5% |
| Profit (loss) for the period before taxes | 9903 | €13,946 | -€4,218 | -€18,164 | |
| Income taxes | 67/77 | €4,733 | - | -€4,733 | |
| Profit (loss) for the period | 9904 | €9,213 | -€4,218 | -€13,431 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,213 | -€4,218 | -€13,431 |
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 29 September 2026 via checked.be.