BELLABO: 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.
BELLABO
Largest movements
- Deferred charges and accrued income -€40,576
down €40,576 (-94.9%), from €42,775 to €2,199
- Cash +€38,536
up €38,536 (+50.2%), from €76,789 to €115,325
mainly Other debts (+€98,490) and Deferred charges and accrued income (+€40,576)
- Receivables within one year -€6,765
down €6,765 (-64.8%), from €10,436 to €3,671
- Reserves -€107,450
down €107,450 (-96.2%), from €111,700 to €4,250
- Other debts +€98,490
new in 2025: €98,490
- Tax, wage and social debts +€1,500
up €1,500, from €0 to €1,500
- Gross operating margin -€111,524
down €111,524 (-78.5%), from €142,067 to €30,543
- Taxes -€25,038
down €25,038 (-79.0%), from €31,675 to €6,637
- Financial income -€1,753
down €1,753 (-76.9%), from €2,279 to €526
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 | €131,462 | €123,629 | -€7,833 | -6.0% |
| Fixed assets | 21/28 | €1,462 | €2,434 | +€972 | +66.5% |
| Tangible fixed assets | 22/27 | €1,462 | €2,434 | +€972 | +66.5% |
| Furniture and vehicles | 24 | €1,462 | €2,434 | +€972 | +66.5% |
| Current assets | 29/58 | €130,000 | €121,195 | -€8,806 | -6.8% |
| Amounts receivable within one year | 40/41 | €10,436 | €3,671 | -€6,765 | -64.8% |
| Other amounts receivable | 41 | €10,436 | €3,671 | -€6,765 | -64.8% |
| Cash at bank and in hand | 54/58 | €76,789 | €115,325 | +€38,536 | +50.2% |
| Deferred charges and accrued income | 490/1 | €42,775 | €2,199 | -€40,576 | -94.9% |
| Total equity and liabilities | 10/49 | €131,462 | €123,629 | -€7,833 | -6.0% |
| Equity | 10/15 | €130,344 | €22,850 | -€107,494 | -82.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,700 | €4,250 | -€107,450 | -96.2% |
| Distributable reserves | 133 | €111,700 | €4,250 | -€107,450 | -96.2% |
| Profit (loss) carried forward | 14 | €44 | €0 | -€44 | -100.0% |
| Amounts payable | 17/49 | €1,119 | €100,779 | +€99,661 | +8910.0% |
| Amounts payable within one year | 42/48 | €722 | €100,449 | +€99,727 | +13821.6% |
| Trade debts | 44 | €722 | €459 | -€262 | -36.4% |
| Suppliers | 440/4 | €722 | €459 | -€262 | -36.4% |
| Taxes, remuneration and social security | 45 | €0 | €1,500 | +€1,500 | |
| Taxes | 450/3 | €0 | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | - | €98,490 | +€98,490 | |
| Accrued charges and deferred income | 492/3 | €397 | €331 | -€67 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €969 | €1,127 | +€158 | +16.3% |
| Other operating charges | 640/8 | €632 | €724 | +€93 | +14.6% |
| Gross operating margin | 9900 | €142,067 | €30,543 | -€111,524 | -78.5% |
| Operating profit (loss) | 9901 | €140,467 | €28,692 | -€111,775 | -79.6% |
| Financial income | 75/76B | €2,279 | €526 | -€1,753 | -76.9% |
| Recurring financial income | 75 | €2,279 | €526 | -€1,753 | -76.9% |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.7% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €142,671 | €29,143 | -€113,529 | -79.6% |
| Income taxes | 67/77 | €31,675 | €6,637 | -€25,038 | -79.0% |
| Profit (loss) for the period | 9904 | €110,997 | €22,506 | -€88,491 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €110,997 | €22,506 | -€88,491 | -79.7% |
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 11 October 2026 via checked.be.