BellaVie: 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.
BellaVie
Largest movements
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Intangible fixed assets +€120,807
up €120,807 (+293%), from €41,293 to €162,099
- Deferred charges and accrued income -€77,911
down €77,911 (-55.0%), from €141,723 to €63,813
- Stocks and contracts +€68,592
up €68,592 (+31.7%), from €216,107 to €284,698
- Cash -€47,991
down €47,991 (-49.9%), from €96,137 to €48,146
mainly Investment in fixed assets (net) (-€197,647) and Net result for the year (-€155,860)
- Profit (loss) carried forward -€155,860
down €155,860 (-13.0%), from -€1.2m to -€1.4m
- Debts after one year +€75,000
new in 2025: €75,000
- Accrued charges and deferred income -€62,651
down €62,651 (-57.5%), from €108,991 to €46,340
- Current portion of long-term debt -€29,721
down €29,721 (-5.1%), from €581,289 to €551,568
- Trade debts -€28,491
down €28,491 (-12.0%), from €236,927 to €208,436
- Gross operating margin +€341,510
up €341,510, from -€196,845 to €144,665
- Depreciation +€70,029
up €70,029 (+2,007%), from €3,489 to €73,518
- Financial income -€64,746
down €64,746 (-77.8%), from €83,196 to €18,450
- Staff costs +€53,587
up €53,587 (+29.7%), from €180,330 to €233,916
- Financial charges -€7,395
down €7,395 (-54.3%), from €13,629 to €6,234
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 | €1,203,334 | €1,006,515 | -€196,818 | -16.4% |
| Fixed assets | 21/28 | €42,666 | €166,795 | +€124,129 | +291% |
| Intangible fixed assets | 21 | €41,293 | €162,099 | +€120,807 | +293% |
| Tangible fixed assets | 22/27 | €1,198 | €4,520 | +€3,322 | +277% |
| Plant, machinery and equipment | 23 | - | €3,675 | +€3,675 | |
| Furniture and vehicles | 24 | €1,198 | €845 | -€353 | -29.5% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €1,160,668 | €839,721 | -€320,947 | -27.7% |
| Stocks and contracts in progress | 3 | €216,107 | €284,698 | +€68,592 | +31.7% |
| Stocks | 30/36 | €216,107 | €284,698 | +€68,592 | +31.7% |
| Amounts receivable within one year | 40/41 | €406,701 | €443,064 | +€36,363 | +8.9% |
| Trade receivables | 40 | €390,416 | €423,413 | +€32,997 | +8.5% |
| Other amounts receivable | 41 | €16,285 | €19,651 | +€3,366 | +20.7% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €96,137 | €48,146 | -€47,991 | -49.9% |
| Deferred charges and accrued income | 490/1 | €141,723 | €63,813 | -€77,911 | -55.0% |
| Total equity and liabilities | 10/49 | €1,203,334 | €1,006,515 | -€196,818 | -16.4% |
| Equity | 10/15 | €261,316 | €105,456 | -€155,860 | -59.6% |
| Contributions | 10/11 | €1,463,755 | €1,463,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,202,439 | -€1,358,299 | -€155,860 | -13.0% |
| Amounts payable | 17/49 | €942,017 | €901,059 | -€40,958 | -4.3% |
| Amounts payable after more than one year | 17 | - | €75,000 | +€75,000 | |
| Financial debts | 170/4 | - | €75,000 | +€75,000 | |
| Amounts payable within one year | 42/48 | €833,027 | €779,719 | -€53,307 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €581,289 | €551,568 | -€29,721 | -5.1% |
| Trade debts | 44 | €236,927 | €208,436 | -€28,491 | -12.0% |
| Suppliers | 440/4 | €236,927 | €208,436 | -€28,491 | -12.0% |
| Advances received on contracts in progress | 46 | €12,160 | - | -€12,160 | |
| Taxes, remuneration and social security | 45 | €370 | €19,256 | +€18,886 | +5,101% |
| Taxes | 450/3 | €12 | €5,907 | +€5,896 | +50,565% |
| Remuneration and social security | 454/9 | €359 | €13,349 | +€12,990 | +3,622% |
| Other amounts payable | 47/48 | €2,281 | €459 | -€1,822 | -79.9% |
| Accrued charges and deferred income | 492/3 | €108,991 | €46,340 | -€62,651 | -57.5% |
| Remuneration, social security and pensions | 62 | €180,330 | €233,916 | +€53,587 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,489 | €73,518 | +€70,029 | +2,007% |
| Other operating charges | 640/8 | €11,092 | €5,307 | -€5,785 | -52.2% |
| Gross operating margin | 9900 | -€196,845 | €144,665 | +€341,510 | |
| Operating profit (loss) | 9901 | -€391,755 | -€168,076 | +€223,679 | +57.1% |
| Financial income | 75/76B | €83,196 | €18,450 | -€64,746 | -77.8% |
| Recurring financial income | 75 | €83,196 | €18,450 | -€64,746 | -77.8% |
| Financial charges | 65/66B | €13,629 | €6,234 | -€7,395 | -54.3% |
| Recurring financial charges | 65 | €13,629 | €6,234 | -€7,395 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | -€322,188 | -€155,860 | +€166,328 | +51.6% |
| Profit (loss) for the period | 9904 | -€322,188 | -€155,860 | +€166,328 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€322,188 | -€155,860 | +€166,328 | +51.6% |
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 13 October 2026 via checked.be.