BELLALUCE: 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.
BELLALUCE
Largest movements
- Receivables after one year +€1.9m
new in 2025: €1.9m
- Cash +€286,542
up €286,542 (+598.5%), from €47,874 to €334,416
mainly Net result for the year (+€2.1m) and Tax, wage and social debts (+€207,764)
- Receivables within one year +€187,052
up €187,052 (+14.9%), from €1.3m to €1.4m
of which Other amounts receivable: +€163,382
- Financial fixed assets -€42,687
down €42,687 (-41.0%), from €104,083 to €61,396
- Reserves +€2.1m
up €2.1m (+156.7%), from €1.3m to €3.5m
- Tax, wage and social debts +€207,764
up €207,764 (+364.2%), from €57,041 to €264,805
- Financial income +€1.9m
up €1.9m (+448.6%), from €426,862 to €2.3m
- Taxes +€188,580
up €188,580 (+494.1%), from €38,169 to €226,748
- Gross operating margin -€618
down €618 (-9.6%), from -€6,435 to -€7,054
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 | €1,406,574 | €3,715,701 | +€2.3m | +164.2% |
| Fixed assets | 21/28 | €104,083 | €61,396 | -€42,687 | -41.0% |
| Financial fixed assets | 28 | €104,083 | €61,396 | -€42,687 | -41.0% |
| Current assets | 29/58 | €1,302,491 | €3,654,305 | +€2.4m | +180.6% |
| Amounts receivable after more than one year | 29 | - | €1,878,220 | +€1.9m | |
| Other amounts receivable | 291 | - | €1,878,220 | +€1.9m | |
| Amounts receivable within one year | 40/41 | €1,254,617 | €1,441,669 | +€187,052 | +14.9% |
| Trade receivables | 40 | €97,167 | €120,836 | +€23,669 | +24.4% |
| Other amounts receivable | 41 | €1,157,451 | €1,320,833 | +€163,382 | +14.1% |
| Cash at bank and in hand | 54/58 | €47,874 | €334,416 | +€286,542 | +598.5% |
| Total equity and liabilities | 10/49 | €1,406,574 | €3,715,701 | +€2.3m | +164.2% |
| Equity | 10/15 | €1,344,058 | €3,450,445 | +€2.1m | +156.7% |
| Reserves | 13 | €1,344,058 | €3,450,445 | +€2.1m | +156.7% |
| Distributable reserves | 133 | €1,344,058 | €3,450,445 | +€2.1m | +156.7% |
| Amounts payable | 17/49 | €62,516 | €265,256 | +€202,739 | +324.3% |
| Amounts payable within one year | 42/48 | €62,516 | €265,256 | +€202,739 | +324.3% |
| Taxes, remuneration and social security | 45 | €57,041 | €264,805 | +€207,764 | +364.2% |
| Taxes | 450/3 | €57,041 | €264,805 | +€207,764 | +364.2% |
| Other amounts payable | 47/48 | €5,475 | €450 | -€5,025 | -91.8% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€6,435 | -€7,054 | -€618 | -9.6% |
| Operating profit (loss) | 9901 | -€7,521 | -€8,172 | -€651 | -8.7% |
| Financial income | 75/76B | €426,862 | €2,341,569 | +€1.9m | +448.6% |
| Recurring financial income | 75 | €426,862 | €2,341,569 | +€1.9m | +448.6% |
| Financial charges | 65/66B | €191 | €260 | +€69 | +36.1% |
| Recurring financial charges | 65 | €191 | €260 | +€69 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €419,150 | €2,333,136 | +€1.9m | +456.6% |
| Income taxes | 67/77 | €38,169 | €226,748 | +€188,580 | +494.1% |
| Profit (loss) for the period | 9904 | €380,981 | €2,106,388 | +€1.7m | +452.9% |
| Profit (loss) for the period to be appropriated | 9905 | €380,981 | €2,106,388 | +€1.7m | +452.9% |
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 6 October 2026 via checked.be.