BELLACOOLA: 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.
BELLACOOLA
Largest movements
- Receivables within one year +€1.9m
up €1.9m (+41236.6%), from €4,707 to €1.9m
of which Other amounts receivable: +€1.9m
- Stocks and contracts -€1.7m
no longer reported in 2026 (was €1.7m)
- Tangible fixed assets -€163,022
down €163,022 (-20.4%), from €797,717 to €634,695
of which Other tangible fixed assets: -€133,022
- Cash +€59,960
up €59,960 (+52.6%), from €113,951 to €173,911
mainly Stocks and contracts (+€1.7m) and Trade debts (+€402,978)
- Trade debts +€402,978
up €402,978 (+344.7%), from €116,894 to €519,872
- Other debts -€236,403
down €236,403 (-96.9%), from €243,842 to €7,439
- Profit (loss) carried forward -€142,160
down €142,160 (-29.6%), from €481,004 to €338,844
- Tax, wage and social debts +€68,996
up €68,996 (+9.7%), from €712,685 to €781,681
of which Taxes: +€63,915
- Gross operating margin -€842,583
down €842,583 (-26.3%), from €3.2m to €2.4m
- Staff costs -€488,523
down €488,523 (-22.9%), from €2.1m to €1.6m
- Depreciation -€169,064
down €169,064 (-48.4%), from €349,250 to €180,186
- Taxes +€68,929
up €68,929 (+1318.7%), from €5,227 to €74,156
- Other operating charges +€62,089
up €62,089 (+102.5%), from €60,566 to €122,655
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,664,381 | €2,758,636 | +€94,255 | +3.5% |
| Fixed assets | 21/28 | €797,825 | €634,803 | -€163,022 | -20.4% |
| Tangible fixed assets | 22/27 | €797,717 | €634,695 | -€163,022 | -20.4% |
| Plant, machinery and equipment | 23 | €66,217 | €45,254 | -€20,963 | -31.7% |
| Furniture and vehicles | 24 | €20,491 | €11,454 | -€9,037 | -44.1% |
| Other tangible fixed assets | 26 | €711,009 | €577,987 | -€133,022 | -18.7% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €1,866,556 | €2,123,833 | +€257,277 | +13.8% |
| Amounts receivable after more than one year | 29 | - | €2,658 | +€2,658 | |
| Other amounts receivable | 291 | - | €2,658 | +€2,658 | |
| Stocks and contracts in progress | 3 | €1,744,006 | - | -€1.7m | |
| Stocks | 30/36 | €1,744,006 | - | -€1.7m | |
| Amounts receivable within one year | 40/41 | €4,707 | €1,945,714 | +€1.9m | +41236.6% |
| Trade receivables | 40 | €4,707 | €46,214 | +€41,507 | +881.8% |
| Other amounts receivable | 41 | - | €1,899,500 | +€1.9m | |
| Cash at bank and in hand | 54/58 | €113,951 | €173,911 | +€59,960 | +52.6% |
| Deferred charges and accrued income | 490/1 | €3,892 | €1,550 | -€2,342 | -60.2% |
| Total equity and liabilities | 10/49 | €2,664,381 | €2,758,636 | +€94,255 | +3.5% |
| Equity | 10/15 | €1,573,970 | €1,449,644 | -€124,326 | -7.9% |
| Contributions | 10/11 | €1,061,500 | €1,061,500 | = | 0.0% |
| Capital | 10 | €1,061,500 | €1,061,500 | = | 0.0% |
| Issued capital | 100 | €1,061,500 | €1,061,500 | = | 0.0% |
| Reserves | 13 | €31,466 | €49,300 | +€17,834 | +56.7% |
| Non-distributable reserves | 130/1 | €31,466 | €49,300 | +€17,834 | +56.7% |
| Legal reserve | 130 | €31,466 | €49,300 | +€17,834 | +56.7% |
| Profit (loss) carried forward | 14 | €481,004 | €338,844 | -€142,160 | -29.6% |
| Amounts payable | 17/49 | €1,090,411 | €1,308,992 | +€218,581 | +20.0% |
| Amounts payable within one year | 42/48 | €1,073,421 | €1,308,992 | +€235,571 | +21.9% |
| Trade debts | 44 | €116,894 | €519,872 | +€402,978 | +344.7% |
| Suppliers | 440/4 | €116,894 | €519,872 | +€402,978 | +344.7% |
| Taxes, remuneration and social security | 45 | €712,685 | €781,681 | +€68,996 | +9.7% |
| Taxes | 450/3 | €480,439 | €544,354 | +€63,915 | +13.3% |
| Remuneration and social security | 454/9 | €232,246 | €237,327 | +€5,081 | +2.2% |
| Other amounts payable | 47/48 | €243,842 | €7,439 | -€236,403 | -96.9% |
| Accrued charges and deferred income | 492/3 | €16,990 | - | -€16,990 | |
| Non-recurring operating income | 76A | €68,778 | - | -€68,778 | |
| Remuneration, social security and pensions | 62 | €2,133,963 | €1,645,440 | -€488,523 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349,250 | €180,186 | -€169,064 | -48.4% |
| Other operating charges | 640/8 | €60,566 | €122,655 | +€62,089 | +102.5% |
| Gross operating margin | 9900 | €3,203,519 | €2,360,936 | -€842,583 | -26.3% |
| Operating profit (loss) | 9901 | €659,740 | €412,655 | -€247,085 | -37.5% |
| Financial income | 75/76B | €18 | €33,628 | +€33,610 | +186722.2% |
| Recurring financial income | 75 | €18 | €33,628 | +€33,610 | +186722.2% |
| Financial charges | 65/66B | €20,307 | €15,451 | -€4,856 | -23.9% |
| Recurring financial charges | 65 | €20,307 | €15,451 | -€4,856 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €639,451 | €430,832 | -€208,619 | -32.6% |
| Income taxes | 67/77 | €5,227 | €74,156 | +€68,929 | +1318.7% |
| Profit (loss) for the period | 9904 | €634,224 | €356,676 | -€277,548 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €634,224 | €356,676 | -€277,548 | -43.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.