BELLA ROSA: 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 ROSA
Largest movements
- Receivables within one year +€5,906
up €5,906 (+57.7%), from €10,229 to €16,135
- Tangible fixed assets +€2,866
up €2,866 (+495.8%), from €578 to €3,444
- Cash -€420
down €420 (-33.3%), from €1,263 to €843
mainly Receivables within one year (-€5,906) and Investment in fixed assets (net) (-€3,674)
- Trade debts +€6,809
up €6,809 (+2790.6%), from €244 to €7,053
- Tax, wage and social debts +€1,520
up €1,520 (+50.9%), from €2,988 to €4,508
of which Taxes: +€1,778
- Staff costs +€2,092
up €2,092 (+19.6%), from €10,699 to €12,791
- Other operating charges +€1,488
up €1,488 (+49.5%), from €3,009 to €4,497
- Gross operating margin +€843
up €843 (+4.5%), from €18,805 to €19,648
- Financial charges +€555
up €555 (+160.9%), from €345 to €900
- Depreciation +€551
up €551 (+214.4%), from €257 to €808
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 | €12,750 | €21,128 | +€8,378 | +65.7% |
| Fixed assets | 21/28 | €773 | €3,639 | +€2,866 | +370.8% |
| Tangible fixed assets | 22/27 | €578 | €3,444 | +€2,866 | +495.8% |
| Furniture and vehicles | 24 | €578 | €3,444 | +€2,866 | +495.8% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €11,977 | €17,489 | +€5,512 | +46.0% |
| Stocks and contracts in progress | 3 | €485 | €511 | +€26 | +5.4% |
| Stocks | 30/36 | €485 | €511 | +€26 | +5.4% |
| Amounts receivable within one year | 40/41 | €10,229 | €16,135 | +€5,906 | +57.7% |
| Other amounts receivable | 41 | €10,229 | €16,135 | +€5,906 | +57.7% |
| Cash at bank and in hand | 54/58 | €1,263 | €843 | -€420 | -33.3% |
| Total equity and liabilities | 10/49 | €12,750 | €21,128 | +€8,378 | +65.7% |
| Equity | 10/15 | €9,518 | €9,567 | +€49 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 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 | €1,458 | €1,507 | +€49 | +3.4% |
| Amounts payable | 17/49 | €3,232 | €11,561 | +€8,329 | +257.7% |
| Amounts payable within one year | 42/48 | €3,232 | €11,561 | +€8,329 | +257.7% |
| Trade debts | 44 | €244 | €7,053 | +€6,809 | +2790.6% |
| Suppliers | 440/4 | €244 | €7,053 | +€6,809 | +2790.6% |
| Taxes, remuneration and social security | 45 | €2,988 | €4,508 | +€1,520 | +50.9% |
| Taxes | 450/3 | €2,730 | €4,508 | +€1,778 | +65.1% |
| Remuneration and social security | 454/9 | €258 | - | -€258 | |
| Remuneration, social security and pensions | 62 | €10,699 | €12,791 | +€2,092 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | €808 | +€551 | +214.4% |
| Other operating charges | 640/8 | €3,009 | €4,497 | +€1,488 | +49.5% |
| Gross operating margin | 9900 | €18,805 | €19,648 | +€843 | +4.5% |
| Operating profit (loss) | 9901 | €4,840 | €1,552 | -€3,288 | -67.9% |
| Financial charges | 65/66B | €345 | €900 | +€555 | +160.9% |
| Recurring financial charges | 65 | €345 | €900 | +€555 | +160.9% |
| Profit (loss) for the period before taxes | 9903 | €4,495 | €652 | -€3,843 | -85.5% |
| Income taxes | 67/77 | €132 | €603 | +€471 | +356.8% |
| Profit (loss) for the period | 9904 | €4,363 | €49 | -€4,314 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,363 | €49 | -€4,314 | -98.9% |
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 12 October 2026 via checked.be.