BELLADONA: 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.
BELLADONA
Largest movements
- Tangible fixed assets -€69,422
down €69,422 (-7.6%), from €915,045 to €845,623
of which Land and buildings: -€60,954
- Stocks and contracts +€19,496
up €19,496 (+389%), from €5,009 to €24,504
- Receivables within one year -€17,723
down €17,723 (-100%), from €17,723 to €0
of which Other amounts receivable: -€17,723
- Cash +€14,189
up €14,189 (+24.9%), from €56,873 to €71,061
mainly Net result for the year (+€282,905) and Depreciation (+€77,369)
- Debts after one year -€332,211
down €332,211 (-21.1%), from €1.6m to €1.2m
- Profit (loss) carried forward +€282,905
up €282,905 (+45.2%), from -€626,338 to -€343,433
- Trade debts -€15,281
down €15,281 (-76.1%), from €20,083 to €4,802
- Other debts +€11,121
up €11,121 (+229%), from €4,866 to €15,987
- Gross operating margin +€631,655
up €631,655 (+1,048%), from €60,281 to €691,936
- Staff costs +€65,370
up €65,370 (+34.6%), from €189,034 to €254,404
- Financial charges +€8,655
up €8,655 (+14.1%), from €61,464 to €70,119
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 | €1,009,595 | €960,061 | -€49,534 | -4.9% |
| Fixed assets | 21/28 | €920,491 | €853,382 | -€67,109 | -7.3% |
| Intangible fixed assets | 21 | €5,446 | €7,759 | +€2,313 | +42.5% |
| Tangible fixed assets | 22/27 | €915,045 | €845,623 | -€69,422 | -7.6% |
| Land and buildings | 22 | €869,390 | €808,435 | -€60,954 | -7.0% |
| Furniture and vehicles | 24 | €45,655 | €37,187 | -€8,468 | -18.5% |
| Current assets | 29/58 | €89,104 | €106,679 | +€17,575 | +19.7% |
| Stocks and contracts in progress | 3 | €5,009 | €24,504 | +€19,496 | +389% |
| Stocks | 30/36 | €5,009 | €24,504 | +€19,496 | +389% |
| Amounts receivable within one year | 40/41 | €17,723 | €0 | -€17,723 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €17,723 | €0 | -€17,723 | -100% |
| Cash at bank and in hand | 54/58 | €56,873 | €71,061 | +€14,189 | +24.9% |
| Deferred charges and accrued income | 490/1 | €9,500 | €11,114 | +€1,613 | +17.0% |
| Total equity and liabilities | 10/49 | €1,009,595 | €960,061 | -€49,534 | -4.9% |
| Equity | 10/15 | -€616,338 | -€333,433 | +€282,905 | +45.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€626,338 | -€343,433 | +€282,905 | +45.2% |
| Amounts payable | 17/49 | €1,625,933 | €1,293,494 | -€332,439 | -20.4% |
| Amounts payable after more than one year | 17 | €1,577,915 | €1,245,704 | -€332,211 | -21.1% |
| Other amounts payable | 178/9 | €1,577,915 | €1,245,704 | -€332,211 | -21.1% |
| Amounts payable within one year | 42/48 | €48,019 | €47,790 | -€228 | -0.5% |
| Trade debts | 44 | €20,083 | €4,802 | -€15,281 | -76.1% |
| Suppliers | 440/4 | €20,083 | €4,802 | -€15,281 | -76.1% |
| Taxes, remuneration and social security | 45 | €23,070 | €27,002 | +€3,932 | +17.0% |
| Taxes | 450/3 | - | €2,090 | +€2,090 | |
| Remuneration and social security | 454/9 | €23,070 | €24,912 | +€1,842 | +8.0% |
| Other amounts payable | 47/48 | €4,866 | €15,987 | +€11,121 | +229% |
| Non-recurring operating income | 76A | - | €600,000 | +€600,000 | |
| Remuneration, social security and pensions | 62 | €189,034 | €254,404 | +€65,370 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,732 | €77,369 | +€3,637 | +4.9% |
| Other operating charges | 640/8 | €4,527 | €7,148 | +€2,621 | +57.9% |
| Non-recurring operating charges | 66A | €1,213 | €0 | -€1,213 | -100% |
| Gross operating margin | 9900 | €60,281 | €691,936 | +€631,655 | +1,048% |
| Operating profit (loss) | 9901 | -€208,226 | €353,014 | +€561,240 | |
| Financial income | 75/76B | €69 | €10 | -€59 | -85.6% |
| Recurring financial income | 75 | €69 | €10 | -€59 | -85.6% |
| Financial charges | 65/66B | €61,464 | €70,119 | +€8,655 | +14.1% |
| Recurring financial charges | 65 | €61,464 | €70,119 | +€8,655 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | -€269,621 | €282,905 | +€552,525 | |
| Profit (loss) for the period | 9904 | -€269,621 | €282,905 | +€552,525 | |
| Profit (loss) for the period to be appropriated | 9905 | -€269,621 | €282,905 | +€552,525 |
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 17 October 2026 via checked.be.