Bella Rosa: 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 Rosa
Largest movements
- Cash +€7,188
new in 2025: €7,188
mainly Net result for the year (+€7,633) and Current investments (+€4,205)
- Receivables within one year +€6,390
up €6,390 (+95.2%), from €6,709 to €13,099
of which Other amounts receivable: +€6,756
- Current investments -€4,205
no longer reported in 2025 (was €4,205)
- Stocks and contracts -€3,750
down €3,750 (-45.5%), from €8,250 to €4,500
- Deferred charges and accrued income -€1,961
no longer reported in 2025 (was €1,961)
- Profit (loss) carried forward +€7,633
up €7,633 (+170.4%), from €4,478 to €12,111
- Debts after one year -€2,668
down €2,668 (-66.2%), from €4,032 to €1,364
- Trade debts +€707
up €707 (+7.7%), from €9,221 to €9,928
- Tax, wage and social debts -€558
down €558 (-16.5%), from €3,377 to €2,819
- Current portion of long-term debt +€381
up €381 (+16.6%), from €2,287 to €2,668
- Turnover +€65,259
up €65,259 (+29.1%), from €224,092 to €289,351
- Purchases and services +€48,315
up €48,315 (+24.1%), from €200,819 to €249,133
- Gross operating margin +€16,945
up €16,945 (+72.8%), from €23,273 to €40,218
- Staff costs +€9,654
up €9,654 (+65.2%), from €14,815 to €24,469
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 | €28,420 | €33,890 | +€5,470 | +19.2% |
| Fixed assets | 21/28 | €7,295 | €9,103 | +€1,808 | +24.8% |
| Tangible fixed assets | 22/27 | €6,295 | €8,103 | +€1,808 | +28.7% |
| Plant, machinery and equipment | 23 | €5,616 | €7,763 | +€2,148 | +38.2% |
| Furniture and vehicles | 24 | €679 | €340 | -€340 | -50.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €21,125 | €24,787 | +€3,662 | +17.3% |
| Stocks and contracts in progress | 3 | €8,250 | €4,500 | -€3,750 | -45.5% |
| Stocks | 30/36 | €8,250 | €4,500 | -€3,750 | -45.5% |
| Amounts receivable within one year | 40/41 | €6,709 | €13,099 | +€6,390 | +95.2% |
| Trade receivables | 40 | €2,429 | €2,063 | -€366 | -15.1% |
| Other amounts receivable | 41 | €4,280 | €11,036 | +€6,756 | +157.8% |
| Current investments | 50/53 | €4,205 | - | -€4,205 | |
| Cash at bank and in hand | 54/58 | - | €7,188 | +€7,188 | |
| Deferred charges and accrued income | 490/1 | €1,961 | - | -€1,961 | |
| Total equity and liabilities | 10/49 | €28,420 | €33,890 | +€5,470 | +19.2% |
| Equity | 10/15 | €9,478 | €17,111 | +€7,633 | +80.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,478 | €12,111 | +€7,633 | +170.4% |
| Amounts payable | 17/49 | €18,942 | €16,780 | -€2,162 | -11.4% |
| Amounts payable after more than one year | 17 | €4,032 | €1,364 | -€2,668 | -66.2% |
| Financial debts | 170/4 | €4,032 | €1,364 | -€2,668 | -66.2% |
| Amounts payable within one year | 42/48 | €14,885 | €15,415 | +€530 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €2,287 | €2,668 | +€381 | +16.6% |
| Trade debts | 44 | €9,221 | €9,928 | +€707 | +7.7% |
| Suppliers | 440/4 | €9,221 | €9,928 | +€707 | +7.7% |
| Taxes, remuneration and social security | 45 | €3,377 | €2,819 | -€558 | -16.5% |
| Taxes | 450/3 | €3,377 | €2,819 | -€558 | -16.5% |
| Accrued charges and deferred income | 492/3 | €25 | - | -€25 | |
| Turnover | 70 | €224,092 | €289,351 | +€65,259 | +29.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €200,819 | €249,133 | +€48,315 | +24.1% |
| Remuneration, social security and pensions | 62 | €14,815 | €24,469 | +€9,654 | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,611 | €3,192 | +€1,581 | +98.2% |
| Other operating charges | 640/8 | €644 | - | -€644 | |
| Gross operating margin | 9900 | €23,273 | €40,218 | +€16,945 | +72.8% |
| Operating profit (loss) | 9901 | €6,204 | €12,557 | +€6,353 | +102.4% |
| Financial income | 75/76B | €15 | €18 | +€3 | +18.9% |
| Recurring financial income | 75 | €15 | €18 | +€3 | +18.9% |
| Financial charges | 65/66B | €2,068 | €2,647 | +€579 | +28.0% |
| Recurring financial charges | 65 | €2,068 | €2,647 | +€579 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €4,151 | €9,928 | +€5,776 | +139.2% |
| Income taxes | 67/77 | €1,929 | €2,295 | +€366 | +19.0% |
| Profit (loss) for the period | 9904 | €2,222 | €7,633 | +€5,411 | +243.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,222 | €7,633 | +€5,411 | +243.5% |
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 9 October 2026 via checked.be.