BELLAVISTA: 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.
BELLAVISTA
Largest movements
- Receivables within one year -€88,121
down €88,121 (-74.9%), from €117,714 to €29,593
of which Trade receivables: -€97,311
- Cash +€78,345
up €78,345 (+82.1%), from €95,409 to €173,754
mainly Receivables within one year (+€88,121) and Net result for the year (+€44,207)
- Tangible fixed assets -€9,481
down €9,481 (-16.2%), from €58,619 to €49,139
of which Other tangible fixed assets: -€12,243
- Deferred charges and accrued income -€8,865
down €8,865 (-86.3%), from €10,273 to €1,408
- Stocks and contracts -€3,786
down €3,786 (-28.9%), from €13,112 to €9,325
- Other debts -€74,812
down €74,812 (-100%), from €74,812 to €0
- Reserves +€44,000
up €44,000 (+32.4%), from €136,000 to €180,000
- Trade debts -€11,820
down €11,820 (-27.6%), from €42,812 to €30,992
- Tax, wage and social debts +€9,463
up €9,463 (+48.0%), from €19,734 to €29,198
of which Remuneration and social security: +€13,882
- Gross operating margin -€99,353
down €99,353 (-19.5%), from €510,781 to €411,428
- Staff costs -€60,699
down €60,699 (-15.7%), from €387,049 to €326,350
- Taxes -€5,651
down €5,651 (-24.3%), from €23,257 to €17,606
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 | €298,531 | €266,624 | -€31,908 | -10.7% |
| Fixed assets | 21/28 | €62,023 | €52,543 | -€9,481 | -15.3% |
| Tangible fixed assets | 22/27 | €58,619 | €49,139 | -€9,481 | -16.2% |
| Plant, machinery and equipment | 23 | €2,916 | €2,266 | -€650 | -22.3% |
| Furniture and vehicles | 24 | €3,374 | €6,786 | +€3,412 | +101% |
| Other tangible fixed assets | 26 | €52,329 | €40,087 | -€12,243 | -23.4% |
| Financial fixed assets | 28 | €3,404 | €3,404 | = | 0.0% |
| Current assets | 29/58 | €236,508 | €214,081 | -€22,427 | -9.5% |
| Stocks and contracts in progress | 3 | €13,112 | €9,325 | -€3,786 | -28.9% |
| Stocks | 30/36 | €13,112 | €9,325 | -€3,786 | -28.9% |
| Amounts receivable within one year | 40/41 | €117,714 | €29,593 | -€88,121 | -74.9% |
| Trade receivables | 40 | €99,703 | €2,391 | -€97,311 | -97.6% |
| Other amounts receivable | 41 | €18,012 | €27,202 | +€9,190 | +51.0% |
| Cash at bank and in hand | 54/58 | €95,409 | €173,754 | +€78,345 | +82.1% |
| Deferred charges and accrued income | 490/1 | €10,273 | €1,408 | -€8,865 | -86.3% |
| Total equity and liabilities | 10/49 | €298,531 | €266,624 | -€31,908 | -10.7% |
| Equity | 10/15 | €156,153 | €200,359 | +€44,207 | +28.3% |
| Contributions | 10/11 | €19,770 | €19,770 | = | 0.0% |
| Reserves | 13 | €136,000 | €180,000 | +€44,000 | +32.4% |
| Distributable reserves | 133 | €136,000 | €180,000 | +€44,000 | +32.4% |
| Profit (loss) carried forward | 14 | €383 | €589 | +€207 | +54.0% |
| Amounts payable | 17/49 | €142,379 | €66,264 | -€76,114 | -53.5% |
| Amounts payable within one year | 42/48 | €137,359 | €60,190 | -€77,169 | -56.2% |
| Trade debts | 44 | €42,812 | €30,992 | -€11,820 | -27.6% |
| Suppliers | 440/4 | €42,812 | €30,992 | -€11,820 | -27.6% |
| Taxes, remuneration and social security | 45 | €19,734 | €29,198 | +€9,463 | +48.0% |
| Taxes | 450/3 | €7,297 | €2,878 | -€4,419 | -60.6% |
| Remuneration and social security | 454/9 | €12,437 | €26,320 | +€13,882 | +112% |
| Other amounts payable | 47/48 | €74,812 | €0 | -€74,812 | -100% |
| Accrued charges and deferred income | 492/3 | €5,020 | €6,075 | +€1,055 | +21.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €387,049 | €326,350 | -€60,699 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,954 | €14,540 | +€585 | +4.2% |
| Other operating charges | 640/8 | €1,096 | €1,081 | -€15 | -1.3% |
| Non-recurring operating charges | 66A | - | €40 | +€40 | |
| Gross operating margin | 9900 | €510,781 | €411,428 | -€99,353 | -19.5% |
| Operating profit (loss) | 9901 | €108,682 | €69,418 | -€39,264 | -36.1% |
| Financial income | 75/76B | €0 | €103 | +€103 | +257,350% |
| Recurring financial income | 75 | €0 | €103 | +€103 | +257,350% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €8,059 | €7,709 | -€351 | -4.3% |
| Recurring financial charges | 65 | €8,059 | €7,709 | -€351 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €100,623 | €61,812 | -€38,811 | -38.6% |
| Income taxes | 67/77 | €23,257 | €17,606 | -€5,651 | -24.3% |
| Profit (loss) for the period | 9904 | €77,366 | €44,207 | -€33,160 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,366 | €44,207 | -€33,160 | -42.9% |
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 26 October 2026 via checked.be.