BELLALUI: 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.
BELLALUI
Largest movements
- Tangible fixed assets -€61,774
down €61,774 (-6.0%), from €1.0m to €971,092
of which Land and buildings: -€61,585
- Receivables within one year +€27,536
up €27,536 (+327%), from €8,411 to €35,947
of which Trade receivables: +€22,083
- Cash -€20,066
down €20,066 (-74.2%), from €27,055 to €6,989
mainly Debts after one year (-€64,078) and Receivables within one year (-€27,536)
- Debts after one year -€64,078
down €64,078 (-9.4%), from €679,203 to €615,125
of which Financial debts: -€64,278
- Reserves +€30,110
up €30,110 (+18.0%), from €166,957 to €197,066
- Other debts -€11,088
down €11,088 (-9.6%), from €115,545 to €104,456
- Gross operating margin -€17,158
down €17,158 (-11.5%), from €148,813 to €131,654
- Depreciation -€13,562
down €13,562 (-17.4%), from €77,865 to €64,303
- Financial charges -€1,639
down €1,639 (-8.6%), from €19,019 to €17,379
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 | €1,068,332 | €1,014,028 | -€54,303 | -5.1% |
| Fixed assets | 21/28 | €1,032,866 | €971,092 | -€61,774 | -6.0% |
| Tangible fixed assets | 22/27 | €1,032,866 | €971,092 | -€61,774 | -6.0% |
| Land and buildings | 22 | €1,031,761 | €970,177 | -€61,585 | -6.0% |
| Furniture and vehicles | 24 | €1,104 | €915 | -€189 | -17.1% |
| Current assets | 29/58 | €35,466 | €42,936 | +€7,470 | +21.1% |
| Amounts receivable within one year | 40/41 | €8,411 | €35,947 | +€27,536 | +327% |
| Trade receivables | 40 | €2,924 | €25,007 | +€22,083 | +755% |
| Other amounts receivable | 41 | €5,487 | €10,941 | +€5,454 | +99.4% |
| Cash at bank and in hand | 54/58 | €27,055 | €6,989 | -€20,066 | -74.2% |
| Total equity and liabilities | 10/49 | €1,068,332 | €1,014,028 | -€54,303 | -5.1% |
| Equity | 10/15 | €185,549 | €215,658 | +€30,110 | +16.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €166,957 | €197,066 | +€30,110 | +18.0% |
| Distributable reserves | 133 | €166,957 | €197,066 | +€30,110 | +18.0% |
| Amounts payable | 17/49 | €882,783 | €798,370 | -€84,413 | -9.6% |
| Amounts payable after more than one year | 17 | €679,203 | €615,125 | -€64,078 | -9.4% |
| Financial debts | 170/4 | €673,103 | €608,825 | -€64,278 | -9.5% |
| Other amounts payable | 178/9 | €6,100 | €6,300 | +€200 | +3.3% |
| Amounts payable within one year | 42/48 | €203,580 | €182,036 | -€21,544 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €62,679 | €64,278 | +€1,599 | +2.6% |
| Financial debts | 43 | €6,760 | €7,260 | +€500 | +7.4% |
| Credit institutions | 430/8 | €6,760 | €7,260 | +€500 | +7.4% |
| Trade debts | 44 | €5,656 | €2,441 | -€3,215 | -56.8% |
| Suppliers | 440/4 | €5,656 | €2,441 | -€3,215 | -56.8% |
| Taxes, remuneration and social security | 45 | €12,940 | €3,601 | -€9,340 | -72.2% |
| Taxes | 450/3 | €12,940 | €3,601 | -€9,340 | -72.2% |
| Other amounts payable | 47/48 | €115,545 | €104,456 | -€11,088 | -9.6% |
| Accrued charges and deferred income | 492/3 | €0 | €1,209 | +€1,209 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,865 | €64,303 | -€13,562 | -17.4% |
| Other operating charges | 640/8 | €6,018 | €5,490 | -€528 | -8.8% |
| Gross operating margin | 9900 | €148,813 | €131,654 | -€17,158 | -11.5% |
| Operating profit (loss) | 9901 | €64,929 | €61,862 | -€3,068 | -4.7% |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €19,019 | €17,379 | -€1,639 | -8.6% |
| Recurring financial charges | 65 | €19,019 | €17,379 | -€1,639 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €45,910 | €44,492 | -€1,418 | -3.1% |
| Income taxes | 67/77 | €14,697 | €14,382 | -€314 | -2.1% |
| Profit (loss) for the period | 9904 | €31,213 | €30,110 | -€1,104 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,213 | €30,110 | -€1,104 | -3.5% |
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 16 October 2026 via checked.be.