BELLANCA: 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.
BELLANCA
Largest movements
- Receivables within one year -€27,685
down €27,685 (-8.3%), from €331,801 to €304,116
- Cash +€4,167
up €4,167 (+103%), from €4,040 to €8,207
mainly Other debts (+€256,403) and Net result for the year (+€32,242)
- Profit (loss) carried forward -€270,758
down €270,758 (-99.8%), from €271,294 to €535
- Other debts +€256,403
up €256,403 (+21,914%), from €1,170 to €257,573
- Tax, wage and social debts -€6,085
down €6,085 (-9.7%), from €62,471 to €56,387
- Trade debts -€4,451
down €4,451 (-71.1%), from €6,262 to €1,811
- Gross operating margin -€68,346
down €68,346 (-55.4%), from €123,433 to €55,087
- Taxes -€9,191
down €9,191 (-38.4%), from €23,953 to €14,762
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 | €346,197 | €321,306 | -€24,891 | -7.2% |
| Fixed assets | 21/28 | €10,356 | €8,117 | -€2,239 | -21.6% |
| Intangible fixed assets | 21 | €9,277 | €7,590 | -€1,687 | -18.2% |
| Tangible fixed assets | 22/27 | €1,080 | €527 | -€553 | -51.2% |
| Plant, machinery and equipment | 23 | €1,080 | €527 | -€553 | -51.2% |
| Current assets | 29/58 | €335,841 | €313,189 | -€22,652 | -6.7% |
| Amounts receivable within one year | 40/41 | €331,801 | €304,116 | -€27,685 | -8.3% |
| Other amounts receivable | 41 | €331,801 | €304,116 | -€27,685 | -8.3% |
| Cash at bank and in hand | 54/58 | €4,040 | €8,207 | +€4,167 | +103% |
| Deferred charges and accrued income | 490/1 | - | €866 | +€866 | |
| Total equity and liabilities | 10/49 | €346,197 | €321,306 | -€24,891 | -7.2% |
| Equity | 10/15 | €276,294 | €5,535 | -€270,758 | -98.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,294 | €535 | -€270,758 | -99.8% |
| Amounts payable | 17/49 | €69,904 | €315,771 | +€245,867 | +352% |
| Amounts payable within one year | 42/48 | €69,904 | €315,771 | +€245,867 | +352% |
| Trade debts | 44 | €6,262 | €1,811 | -€4,451 | -71.1% |
| Suppliers | 440/4 | €6,262 | €1,811 | -€4,451 | -71.1% |
| Taxes, remuneration and social security | 45 | €62,471 | €56,387 | -€6,085 | -9.7% |
| Taxes | 450/3 | €62,471 | €56,387 | -€6,085 | -9.7% |
| Other amounts payable | 47/48 | €1,170 | €257,573 | +€256,403 | +21,914% |
| Remuneration, social security and pensions | 62 | €2,412 | €2,283 | -€129 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,593 | €2,668 | -€925 | -25.7% |
| Other operating charges | 640/8 | €1,189 | €2,152 | +€963 | +80.9% |
| Gross operating margin | 9900 | €123,433 | €55,087 | -€68,346 | -55.4% |
| Operating profit (loss) | 9901 | €116,239 | €47,983 | -€68,256 | -58.7% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €1,299 | €992 | -€307 | -23.7% |
| Recurring financial charges | 65 | €1,299 | €992 | -€307 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €114,939 | €47,004 | -€67,935 | -59.1% |
| Income taxes | 67/77 | €23,953 | €14,762 | -€9,191 | -38.4% |
| Profit (loss) for the period | 9904 | €90,987 | €32,242 | -€58,745 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,987 | €32,242 | -€58,745 | -64.6% |
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 15 October 2026 via checked.be.