BELLA PIZZA: 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 PIZZA
Largest movements
- Tangible fixed assets +€228,514
up €228,514 (+31.5%), from €724,651 to €953,166
of which Land and buildings: +€210,532
- Cash -€33,779
down €33,779 (-37.9%), from €89,102 to €55,323
mainly Investment in fixed assets (net) (-€289,151) and Other debts (-€13,986)
- Debts after one year +€155,382
up €155,382 (+40.4%), from €384,140 to €539,522
of which Financial debts: +€153,444
- Profit (loss) carried forward +€50,856
up €50,856 (+6,076%), from €837 to €51,693
- Trade debts +€16,934
up €16,934 (+106%), from €16,017 to €32,951
- Other debts -€13,986
down €13,986 (-40.9%), from €34,197 to €20,211
- Gross operating margin -€29,194
down €29,194 (-6.9%), from €425,859 to €396,665
- Depreciation -€15,943
down €15,943 (-20.8%), from €76,580 to €60,637
- Other operating charges -€7,170
down €7,170 (-61.3%), from €11,702 to €4,532
- Taxes +€5,422
up €5,422 (+37.8%), from €14,339 to €19,761
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 | €823,795 | €1,027,064 | +€203,268 | +24.7% |
| Fixed assets | 21/28 | €724,651 | €953,166 | +€228,514 | +31.5% |
| Tangible fixed assets | 22/27 | €724,651 | €953,166 | +€228,514 | +31.5% |
| Land and buildings | 22 | €638,091 | €848,622 | +€210,532 | +33.0% |
| Plant, machinery and equipment | 23 | €55,979 | €56,271 | +€292 | +0.5% |
| Furniture and vehicles | 24 | €30,581 | €48,273 | +€17,691 | +57.8% |
| Current assets | 29/58 | €99,144 | €73,898 | -€25,246 | -25.5% |
| Stocks and contracts in progress | 3 | €9,889 | €17,803 | +€7,914 | +80.0% |
| Stocks | 30/36 | €9,889 | €17,803 | +€7,914 | +80.0% |
| Amounts receivable within one year | 40/41 | €153 | €772 | +€619 | +406% |
| Trade receivables | 40 | - | €328 | +€328 | |
| Other amounts receivable | 41 | €153 | €444 | +€291 | +191% |
| Cash at bank and in hand | 54/58 | €89,102 | €55,323 | -€33,779 | -37.9% |
| Total equity and liabilities | 10/49 | €823,795 | €1,027,064 | +€203,268 | +24.7% |
| Equity | 10/15 | €270,837 | €321,693 | +€50,856 | +18.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €170,000 | €170,000 | = | 0.0% |
| Distributable reserves | 133 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €837 | €51,693 | +€50,856 | +6,076% |
| Amounts payable | 17/49 | €552,958 | €705,370 | +€152,412 | +27.6% |
| Amounts payable after more than one year | 17 | €384,140 | €539,522 | +€155,382 | +40.4% |
| Financial debts | 170/4 | €384,140 | €537,585 | +€153,444 | +39.9% |
| Other amounts payable | 178/9 | - | €1,938 | +€1,938 | |
| Amounts payable within one year | 42/48 | €168,818 | €165,848 | -€2,970 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €82,860 | €73,644 | -€9,216 | -11.1% |
| Financial debts | 43 | €6,692 | €6,734 | +€42 | +0.6% |
| Credit institutions | 430/8 | €6,692 | €6,734 | +€42 | +0.6% |
| Trade debts | 44 | €16,017 | €32,951 | +€16,934 | +106% |
| Suppliers | 440/4 | €16,017 | €32,951 | +€16,934 | +106% |
| Taxes, remuneration and social security | 45 | €29,051 | €32,307 | +€3,256 | +11.2% |
| Taxes | 450/3 | €5,989 | €4,010 | -€1,978 | -33.0% |
| Remuneration and social security | 454/9 | €23,063 | €28,297 | +€5,234 | +22.7% |
| Other amounts payable | 47/48 | €34,197 | €20,211 | -€13,986 | -40.9% |
| Remuneration, social security and pensions | 62 | €245,927 | €249,932 | +€4,005 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,580 | €60,637 | -€15,943 | -20.8% |
| Other operating charges | 640/8 | €11,702 | €4,532 | -€7,170 | -61.3% |
| Gross operating margin | 9900 | €425,859 | €396,665 | -€29,194 | -6.9% |
| Operating profit (loss) | 9901 | €91,650 | €81,564 | -€10,086 | -11.0% |
| Financial income | 75/76B | €16 | €2 | -€14 | -90.4% |
| Recurring financial income | 75 | €16 | €2 | -€14 | -90.4% |
| Financial charges | 65/66B | €9,749 | €10,948 | +€1,199 | +12.3% |
| Recurring financial charges | 65 | €9,749 | €10,948 | +€1,199 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €81,917 | €70,617 | -€11,300 | -13.8% |
| Income taxes | 67/77 | €14,339 | €19,761 | +€5,422 | +37.8% |
| Profit (loss) for the period | 9904 | €67,578 | €50,856 | -€16,721 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,578 | €50,856 | -€16,721 | -24.7% |
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.