BELLA MEUBEL: 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 MEUBEL
Largest movements
- Stocks and contracts -€62,981
no longer reported in 2025 (was €62,981)
- Receivables within one year -€52,653
down €52,653 (-34.3%), from €153,523 to €100,869
of which Trade receivables: -€45,537
- Cash -€21,917
down €21,917 (-96.7%), from €22,659 to €742
mainly Net result for the year (-€134,673) and Tax, wage and social debts (-€56,615)
- Profit (loss) carried forward -€134,673
down €134,673, from €20,659 to -€114,013
- Tax, wage and social debts -€56,615
down €56,615 (-38.8%), from €145,909 to €89,295
of which Remuneration and social security: -€44,595
- Trade debts +€45,941
up €45,941 (+72.1%), from €63,681 to €109,622
- Accrued charges and deferred income +€7,795
new in 2025: €7,795
- Purchases and services -€237,127
no longer reported in 2025 (was €237,127)
- Gross operating margin -€161,477
down €161,477, from €78,933 to -€82,543
- Staff costs -€24,630
down €24,630 (-34.2%), from €72,091 to €47,461
- Other operating charges -€1,549
down €1,549 (-38.9%), from €3,978 to €2,429
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 | €239,162 | €101,612 | -€137,551 | -57.5% |
| Current assets | 29/58 | €239,162 | €101,612 | -€137,551 | -57.5% |
| Stocks and contracts in progress | 3 | €62,981 | - | -€62,981 | |
| Stocks | 30/36 | €62,981 | - | -€62,981 | |
| Amounts receivable within one year | 40/41 | €153,523 | €100,869 | -€52,653 | -34.3% |
| Trade receivables | 40 | €146,134 | €100,597 | -€45,537 | -31.2% |
| Other amounts receivable | 41 | €7,389 | €272 | -€7,117 | -96.3% |
| Cash at bank and in hand | 54/58 | €22,659 | €742 | -€21,917 | -96.7% |
| Total equity and liabilities | 10/49 | €239,162 | €101,612 | -€137,551 | -57.5% |
| Equity | 10/15 | €29,572 | -€105,101 | -€134,673 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,713 | €2,713 | = | 0.0% |
| Non-distributable reserves | 130/1 | €401 | €401 | = | 0.0% |
| Reserves not available under the articles | 1311 | €401 | €401 | = | 0.0% |
| Distributable reserves | 133 | €2,312 | €2,312 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,659 | -€114,013 | -€134,673 | |
| Amounts payable | 17/49 | €209,590 | €206,712 | -€2,878 | -1.4% |
| Amounts payable within one year | 42/48 | €209,590 | €198,917 | -€10,673 | -5.1% |
| Trade debts | 44 | €63,681 | €109,622 | +€45,941 | +72.1% |
| Suppliers | 440/4 | €63,681 | €109,622 | +€45,941 | +72.1% |
| Taxes, remuneration and social security | 45 | €145,909 | €89,295 | -€56,615 | -38.8% |
| Taxes | 450/3 | €31,076 | €19,056 | -€12,020 | -38.7% |
| Remuneration and social security | 454/9 | €114,834 | €70,238 | -€44,595 | -38.8% |
| Accrued charges and deferred income | 492/3 | - | €7,795 | +€7,795 | |
| Goods, raw materials, services and sundry goods | 60/61 | €237,127 | - | -€237,127 | |
| Remuneration, social security and pensions | 62 | €72,091 | €47,461 | -€24,630 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | - | -€4 | |
| Other operating charges | 640/8 | €3,978 | €2,429 | -€1,549 | -38.9% |
| Gross operating margin | 9900 | €78,933 | -€82,543 | -€161,477 | |
| Operating profit (loss) | 9901 | €2,860 | -€132,433 | -€135,294 | |
| Financial income | 75/76B | €224 | - | -€224 | |
| Recurring financial income | 75 | €224 | - | -€224 | |
| Financial charges | 65/66B | €2,098 | €2,236 | +€138 | +6.6% |
| Recurring financial charges | 65 | €2,098 | €2,236 | +€138 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €986 | -€134,670 | -€135,656 | |
| Income taxes | 67/77 | €739 | €3 | -€736 | -99.6% |
| Profit (loss) for the period | 9904 | €248 | -€134,673 | -€134,920 | |
| Profit (loss) for the period to be appropriated | 9905 | €248 | -€134,673 | -€134,920 |
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 27 October 2026 via checked.be.