BELLA CIAO: 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 CIAO
Largest movements
- Receivables within one year +€155,940
up €155,940 (+2,590%), from €6,022 to €161,961
of which Other amounts receivable: +€155,604
- Tangible fixed assets -€8,516
down €8,516 (-78.0%), from €10,920 to €2,404
- Stocks and contracts -€3,877
down €3,877 (-18.0%), from €21,486 to €17,609
- Profit (loss) carried forward +€162,593
up €162,593, from -€70,706 to €91,887
- Trade debts -€32,429
down €32,429 (-28.1%), from €115,478 to €83,049
- Tax, wage and social debts +€12,383
up €12,383 (+99.5%), from €12,448 to €24,831
- Gross operating margin +€156,196
up €156,196 (+147%), from €106,280 to €262,476
- Staff costs -€36,010
down €36,010 (-33.0%), from €109,065 to €73,055
- Other operating charges +€7,795
up €7,795 (+561%), from €1,390 to €9,186
- Depreciation -€6,652
down €6,652 (-67.7%), from €9,829 to €3,178
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,807 | €217,827 | +€141,019 | +184% |
| Fixed assets | 21/28 | €34,170 | €24,404 | -€9,766 | -28.6% |
| Intangible fixed assets | 21 | €3,750 | €2,500 | -€1,250 | -33.3% |
| Tangible fixed assets | 22/27 | €10,920 | €2,404 | -€8,516 | -78.0% |
| Furniture and vehicles | 24 | €10,920 | €2,404 | -€8,516 | -78.0% |
| Financial fixed assets | 28 | €19,500 | €19,500 | = | 0.0% |
| Current assets | 29/58 | €42,637 | €193,423 | +€150,786 | +354% |
| Stocks and contracts in progress | 3 | €21,486 | €17,609 | -€3,877 | -18.0% |
| Stocks | 30/36 | €21,486 | €17,609 | -€3,877 | -18.0% |
| Amounts receivable within one year | 40/41 | €6,022 | €161,961 | +€155,940 | +2,590% |
| Trade receivables | 40 | €364 | €700 | +€336 | +92.3% |
| Other amounts receivable | 41 | €5,658 | €161,261 | +€155,604 | +2,750% |
| Cash at bank and in hand | 54/58 | €15,130 | €13,853 | -€1,277 | -8.4% |
| Total equity and liabilities | 10/49 | €76,807 | €217,827 | +€141,019 | +184% |
| Equity | 10/15 | -€52,646 | €109,947 | +€162,593 | |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Capital | 10 | €16,200 | €16,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,706 | €91,887 | +€162,593 | |
| Amounts payable | 17/49 | €129,453 | €107,880 | -€21,574 | -16.7% |
| Amounts payable within one year | 42/48 | €129,453 | €107,880 | -€21,574 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €378 | - | -€378 | |
| Trade debts | 44 | €115,478 | €83,049 | -€32,429 | -28.1% |
| Suppliers | 440/4 | €115,478 | €83,049 | -€32,429 | -28.1% |
| Taxes, remuneration and social security | 45 | €12,448 | €24,831 | +€12,383 | +99.5% |
| Taxes | 450/3 | €12,448 | €24,831 | +€12,383 | +99.5% |
| Other amounts payable | 47/48 | €1,149 | - | -€1,149 | |
| Remuneration, social security and pensions | 62 | €109,065 | €73,055 | -€36,010 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,829 | €3,178 | -€6,652 | -67.7% |
| Other operating charges | 640/8 | €1,390 | €9,186 | +€7,795 | +561% |
| Gross operating margin | 9900 | €106,280 | €262,476 | +€156,196 | +147% |
| Operating profit (loss) | 9901 | -€14,005 | €177,058 | +€191,063 | |
| Financial charges | 65/66B | €2,168 | €465 | -€1,702 | -78.5% |
| Recurring financial charges | 65 | €2,168 | €465 | -€1,702 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,172 | €176,593 | +€192,765 | |
| Income taxes | 67/77 | €165 | - | -€165 | |
| Profit (loss) for the period | 9904 | -€16,337 | €176,593 | +€192,930 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,337 | €176,593 | +€192,930 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.