Bella Bay: 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.
Bella Bay
Largest movements
- Cash +€7,548
up €7,548 (+64.3%), from €11,742 to €19,290
mainly Depreciation (+€16,093) and Trade debts (+€7,837)
- Tangible fixed assets -€4,561
down €4,561 (-5.9%), from €77,487 to €72,926
of which Land and buildings: -€5,597
- Receivables within one year +€2,951
up €2,951 (+89.4%), from €3,300 to €6,251
of which Trade receivables: +€2,630
- Stocks and contracts +€2,725
up €2,725 (+13.1%), from €20,747 to €23,472
- Intangible fixed assets -€2,305
down €2,305 (-40.7%), from €5,657 to €3,352
- Profit (loss) carried forward -€13,014
down €13,014 (-96.5%), from €13,482 to €468
- Reserves +€11,000
new in 2025: €11,000
- Trade debts +€7,837
up €7,837 (+276%), from €2,838 to €10,675
- Tax, wage and social debts +€3,831
up €3,831 (+103%), from €3,730 to €7,561
- Debts after one year -€2,622
down €2,622 (-6.2%), from €42,534 to €39,912
- Depreciation +€6,024
up €6,024 (+59.8%), from €10,069 to €16,093
- Gross operating margin +€4,886
up €4,886 (+33.5%), from €14,593 to €19,479
- Financial charges +€452
up €452 (+11.0%), from €4,128 to €4,580
- Other operating charges +€200
up €200 (+32.2%), from €620 to €820
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 | €119,024 | €126,392 | +€7,368 | +6.2% |
| Fixed assets | 21/28 | €83,144 | €76,278 | -€6,866 | -8.3% |
| Intangible fixed assets | 21 | €5,657 | €3,352 | -€2,305 | -40.7% |
| Tangible fixed assets | 22/27 | €77,487 | €72,926 | -€4,561 | -5.9% |
| Land and buildings | 22 | €53,730 | €48,133 | -€5,597 | -10.4% |
| Plant, machinery and equipment | 23 | €3,874 | €9,361 | +€5,487 | +142% |
| Furniture and vehicles | 24 | €19,883 | €15,432 | -€4,451 | -22.4% |
| Current assets | 29/58 | €35,880 | €50,114 | +€14,234 | +39.7% |
| Stocks and contracts in progress | 3 | €20,747 | €23,472 | +€2,725 | +13.1% |
| Stocks | 30/36 | €20,747 | €23,472 | +€2,725 | +13.1% |
| Amounts receivable within one year | 40/41 | €3,300 | €6,251 | +€2,951 | +89.4% |
| Trade receivables | 40 | €3,300 | €5,930 | +€2,630 | +79.7% |
| Other amounts receivable | 41 | - | €321 | +€321 | |
| Cash at bank and in hand | 54/58 | €11,742 | €19,290 | +€7,548 | +64.3% |
| Deferred charges and accrued income | 490/1 | €91 | €1,101 | +€1,010 | +1,110% |
| Total equity and liabilities | 10/49 | €119,024 | €126,392 | +€7,368 | +6.2% |
| Equity | 10/15 | €18,482 | €16,468 | -€2,014 | -10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €11,000 | +€11,000 | |
| Distributable reserves | 133 | - | €11,000 | +€11,000 | |
| Profit (loss) carried forward | 14 | €13,482 | €468 | -€13,014 | -96.5% |
| Amounts payable | 17/49 | €100,542 | €109,924 | +€9,382 | +9.3% |
| Amounts payable after more than one year | 17 | €42,534 | €39,912 | -€2,622 | -6.2% |
| Financial debts | 170/4 | €42,534 | €39,912 | -€2,622 | -6.2% |
| Amounts payable within one year | 42/48 | €58,008 | €70,012 | +€12,004 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €6,375 | €7,938 | +€1,563 | +24.5% |
| Trade debts | 44 | €2,838 | €10,675 | +€7,837 | +276% |
| Suppliers | 440/4 | €2,838 | €10,675 | +€7,837 | +276% |
| Taxes, remuneration and social security | 45 | €3,730 | €7,561 | +€3,831 | +103% |
| Taxes | 450/3 | €3,730 | €7,561 | +€3,831 | +103% |
| Other amounts payable | 47/48 | €45,065 | €43,838 | -€1,227 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,069 | €16,093 | +€6,024 | +59.8% |
| Other operating charges | 640/8 | €620 | €820 | +€200 | +32.2% |
| Gross operating margin | 9900 | €14,593 | €19,479 | +€4,886 | +33.5% |
| Operating profit (loss) | 9901 | €3,904 | €2,566 | -€1,338 | -34.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,128 | €4,580 | +€452 | +11.0% |
| Recurring financial charges | 65 | €4,128 | €4,580 | +€452 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | -€224 | -€2,014 | -€1,790 | -799% |
| Profit (loss) for the period | 9904 | -€224 | -€2,014 | -€1,790 | -799% |
| Profit (loss) for the period to be appropriated | 9905 | -€224 | -€2,014 | -€1,790 | -799% |
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 16 October 2026 via checked.be.