BELLAVATRANS: 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.
BELLAVATRANS
Largest movements
- Tangible fixed assets -€111,847
down €111,847 (-58.6%), from €191,023 to €79,176
of which Furniture and vehicles: -€93,480
- Receivables within one year -€29,305
down €29,305 (-52.2%), from €56,161 to €26,857
of which Trade receivables: -€23,467
- Cash -€14,991
down €14,991 (-100%), from €14,991 to €0
mainly Debts after one year (-€91,062) and Current portion of long-term debt (-€37,126)
- Deferred charges and accrued income -€13,995
down €13,995 (-47.9%), from €29,213 to €15,218
- Receivables after one year -€11,800
down €11,800 (-100%), from €11,800 to €0
- Debts after one year -€91,062
down €91,062 (-63.1%), from €144,262 to €53,201
- Current portion of long-term debt -€37,126
down €37,126 (-55.8%), from €66,521 to €29,396
- Profit (loss) carried forward -€27,715
down €27,715 (-1,031%), from -€2,688 to -€30,403
- Trade debts -€16,230
down €16,230 (-65.5%), from €24,774 to €8,545
- Tax, wage and social debts -€15,229
down €15,229 (-45.0%), from €33,812 to €18,583
of which Remuneration and social security: -€11,923
- Gross operating margin -€146,086
down €146,086 (-62.1%), from €235,198 to €89,112
- Staff costs -€124,287
down €124,287 (-77.4%), from €160,533 to €36,246
- Depreciation -€26,893
down €26,893 (-73.0%), from €36,844 to €9,951
- Financial charges -€24,236
down €24,236 (-72.8%), from €33,272 to €9,036
- Other operating charges +€2,746
up €2,746 (+70.5%), from €3,893 to €6,639
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 | €303,574 | €121,251 | -€182,322 | -60.1% |
| Fixed assets | 21/28 | €191,408 | €79,176 | -€112,232 | -58.6% |
| Tangible fixed assets | 22/27 | €191,023 | €79,176 | -€111,847 | -58.6% |
| Plant, machinery and equipment | 23 | €4,888 | €3,315 | -€1,573 | -32.2% |
| Furniture and vehicles | 24 | €93,880 | €400 | -€93,480 | -99.6% |
| Leasing and similar rights | 25 | €92,256 | €75,461 | -€16,795 | -18.2% |
| Financial fixed assets | 28 | €385 | €0 | -€385 | -100% |
| Current assets | 29/58 | €112,165 | €42,075 | -€70,090 | -62.5% |
| Amounts receivable after more than one year | 29 | €11,800 | €0 | -€11,800 | -100% |
| Trade receivables | 290 | €11,800 | €0 | -€11,800 | -100% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €56,161 | €26,857 | -€29,305 | -52.2% |
| Trade receivables | 40 | €48,527 | €25,060 | -€23,467 | -48.4% |
| Other amounts receivable | 41 | €7,634 | €1,797 | -€5,837 | -76.5% |
| Cash at bank and in hand | 54/58 | €14,991 | €0 | -€14,991 | -100% |
| Deferred charges and accrued income | 490/1 | €29,213 | €15,218 | -€13,995 | -47.9% |
| Total equity and liabilities | 10/49 | €303,574 | €121,251 | -€182,322 | -60.1% |
| Equity | 10/15 | €2,312 | -€25,403 | -€27,715 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,688 | -€30,403 | -€27,715 | -1,031% |
| Amounts payable | 17/49 | €301,262 | €146,654 | -€154,607 | -51.3% |
| Amounts payable after more than one year | 17 | €144,262 | €53,201 | -€91,062 | -63.1% |
| Financial debts | 170/4 | €144,262 | €53,201 | -€91,062 | -63.1% |
| Amounts payable within one year | 42/48 | €157,000 | €93,454 | -€63,546 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €66,521 | €29,396 | -€37,126 | -55.8% |
| Financial debts | 43 | €2,377 | €143 | -€2,234 | -94.0% |
| Credit institutions | 430/8 | €2,377 | €143 | -€2,234 | -94.0% |
| Trade debts | 44 | €24,774 | €8,545 | -€16,230 | -65.5% |
| Suppliers | 440/4 | €24,774 | €8,545 | -€16,230 | -65.5% |
| Taxes, remuneration and social security | 45 | €33,812 | €18,583 | -€15,229 | -45.0% |
| Taxes | 450/3 | €11,839 | €8,533 | -€3,306 | -27.9% |
| Remuneration and social security | 454/9 | €21,973 | €10,050 | -€11,923 | -54.3% |
| Other amounts payable | 47/48 | €29,515 | €36,788 | +€7,273 | +24.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €187 | €5,288 | +€5,101 | +2,725% |
| Remuneration, social security and pensions | 62 | €160,533 | €36,246 | -€124,287 | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,844 | €9,951 | -€26,893 | -73.0% |
| Other operating charges | 640/8 | €3,893 | €6,639 | +€2,746 | +70.5% |
| Non-recurring operating charges | 66A | €8,012 | €54,956 | +€46,944 | +586% |
| Gross operating margin | 9900 | €235,198 | €89,112 | -€146,086 | -62.1% |
| Operating profit (loss) | 9901 | €25,916 | -€18,679 | -€44,596 | |
| Financial income | 75/76B | €670 | €0 | -€670 | -100% |
| Recurring financial income | 75 | €670 | €0 | -€670 | -100% |
| Financial charges | 65/66B | €33,272 | €9,036 | -€24,236 | -72.8% |
| Recurring financial charges | 65 | €33,272 | €9,036 | -€24,236 | -72.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,685 | -€27,715 | -€21,030 | -315% |
| Profit (loss) for the period | 9904 | -€6,685 | -€27,715 | -€21,030 | -315% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,685 | -€27,715 | -€21,030 | -315% |
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 19 October 2026 via checked.be.