BELLA GROUP: 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 GROUP
Largest movements
- Receivables within one year -€4,018
no longer reported in 2025 (was €4,018)
of which Trade receivables: -€4,018
- Stocks and contracts -€2,302
no longer reported in 2025 (was €2,302)
- Cash -€610
down €610 (-6.4%), from €9,565 to €8,955
mainly Trade debts (-€5,145) and Net result for the year (-€1,540)
- Deferred charges and accrued income -€235
no longer reported in 2025 (was €235)
- Trade debts -€5,145
down €5,145 (-81.8%), from €6,292 to €1,147
- Profit (loss) carried forward -€1,540
down €1,540 (-14.9%), from -€10,324 to -€11,864
- Tax, wage and social debts -€290
no longer reported in 2025 (was €290)
- Other debts -€189
down €189 (-15.0%), from €1,261 to €1,072
- Gross operating margin +€1,851
up €1,851 (+54.8%), from -€3,377 to -€1,525
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Financial charges -€88
down €88 (-85.5%), from €103 to €15
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 | €16,119 | €8,955 | -€7,164 | -44.4% |
| Current assets | 29/58 | €16,119 | €8,955 | -€7,164 | -44.4% |
| Stocks and contracts in progress | 3 | €2,302 | - | -€2,302 | |
| Stocks | 30/36 | €2,302 | - | -€2,302 | |
| Amounts receivable within one year | 40/41 | €4,018 | - | -€4,018 | |
| Trade receivables | 40 | €4,018 | - | -€4,018 | |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €9,565 | €8,955 | -€610 | -6.4% |
| Deferred charges and accrued income | 490/1 | €235 | - | -€235 | |
| Total equity and liabilities | 10/49 | €16,119 | €8,955 | -€7,164 | -44.4% |
| Equity | 10/15 | €8,276 | €6,736 | -€1,540 | -18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€10,324 | -€11,864 | -€1,540 | -14.9% |
| Amounts payable | 17/49 | €7,843 | €2,219 | -€5,624 | -71.7% |
| Amounts payable within one year | 42/48 | €7,843 | €2,219 | -€5,624 | -71.7% |
| Trade debts | 44 | €6,292 | €1,147 | -€5,145 | -81.8% |
| Suppliers | 440/4 | €6,292 | €1,147 | -€5,145 | -81.8% |
| Taxes, remuneration and social security | 45 | €290 | - | -€290 | |
| Taxes | 450/3 | €290 | - | -€290 | |
| Other amounts payable | 47/48 | €1,261 | €1,072 | -€189 | -15.0% |
| Non-recurring operating income | 76A | - | €1,303 | +€1,303 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€3,377 | -€1,525 | +€1,851 | +54.8% |
| Operating profit (loss) | 9901 | -€3,764 | -€1,525 | +€2,239 | +59.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €103 | €15 | -€88 | -85.5% |
| Recurring financial charges | 65 | €103 | €15 | -€88 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,867 | -€1,540 | +€2,327 | +60.2% |
| Profit (loss) for the period | 9904 | -€3,867 | -€1,540 | +€2,327 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,867 | -€1,540 | +€2,327 | +60.2% |
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 8 October 2026 via checked.be.