BELLAWEAR: 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.
BELLAWEAR
Largest movements
- Receivables within one year +€19,948
up €19,948 (+144.7%), from €13,790 to €33,738
of which Trade receivables: +€14,634
- Stocks and contracts +€16,046
up €16,046 (+25.5%), from €63,046 to €79,093
- Cash +€11,337
up €11,337 (+15.3%), from €73,860 to €85,197
mainly Net result for the year (+€38,533) and Trade debts (+€12,663)
- Reserves +€38,530
up €38,530 (+38.5%), from €100,130 to €138,660
- Trade debts +€12,663
up €12,663 (+72.6%), from €17,441 to €30,104
- Debts after one year -€6,322
down €6,322 (-4.0%), from €159,433 to €153,111
- Gross operating margin +€6,062
up €6,062 (+9.5%), from €63,918 to €69,980
- Taxes +€2,506
up €2,506 (+16.0%), from €15,676 to €18,181
- Financial income +€1,224
up €1,224 (+113.8%), from €1,076 to €2,300
- Depreciation -€806
down €806 (-10.7%), from €7,510 to €6,704
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.
Cash bridge derived
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 | €310,732 | €356,198 | +€45,466 | +14.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €159,776 | €156,777 | -€2,999 | -1.9% |
| Tangible fixed assets | 22/27 | €159,776 | €156,777 | -€2,999 | -1.9% |
| Land and buildings | 22 | €150,954 | €147,485 | -€3,469 | -2.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €8,822 | €9,293 | +€470 | +5.3% |
| Current assets | 29/58 | €150,956 | €199,421 | +€48,465 | +32.1% |
| Stocks and contracts in progress | 3 | €63,046 | €79,093 | +€16,046 | +25.5% |
| Stocks | 30/36 | €63,046 | €79,093 | +€16,046 | +25.5% |
| Amounts receivable within one year | 40/41 | €13,790 | €33,738 | +€19,948 | +144.7% |
| Trade receivables | 40 | €8,033 | €22,668 | +€14,634 | +182.2% |
| Other amounts receivable | 41 | €5,757 | €11,070 | +€5,313 | +92.3% |
| Current investments | 50/53 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €73,860 | €85,197 | +€11,337 | +15.3% |
| Deferred charges and accrued income | 490/1 | €259 | €393 | +€134 | +51.8% |
| Total equity and liabilities | 10/49 | €310,732 | €356,198 | +€45,466 | +14.6% |
| Equity | 10/15 | €116,452 | €154,985 | +€38,533 | +33.1% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €100,130 | €138,660 | +€38,530 | +38.5% |
| Distributable reserves | 133 | €100,130 | €138,660 | +€38,530 | +38.5% |
| Profit (loss) carried forward | 14 | €122 | €125 | +€3 | +2.4% |
| Amounts payable | 17/49 | €194,280 | €201,214 | +€6,933 | +3.6% |
| Amounts payable after more than one year | 17 | €159,433 | €153,111 | -€6,322 | -4.0% |
| Financial debts | 170/4 | €159,433 | €153,111 | -€6,322 | -4.0% |
| Amounts payable within one year | 42/48 | €34,792 | €47,765 | +€12,972 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €7,676 | €7,824 | +€148 | +1.9% |
| Trade debts | 44 | €17,441 | €30,104 | +€12,663 | +72.6% |
| Suppliers | 440/4 | €17,441 | €30,104 | +€12,663 | +72.6% |
| Taxes, remuneration and social security | 45 | €5,676 | €5,837 | +€161 | +2.8% |
| Taxes | 450/3 | €5,676 | €5,837 | +€161 | +2.8% |
| Other amounts payable | 47/48 | €4,000 | €4,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €55 | €338 | +€283 | +514.6% |
| Remuneration, social security and pensions | 62 | -€492 | - | +€492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,510 | €6,704 | -€806 | -10.7% |
| Other operating charges | 640/8 | €441 | €478 | +€36 | +8.2% |
| Gross operating margin | 9900 | €63,918 | €69,980 | +€6,062 | +9.5% |
| Operating profit (loss) | 9901 | €56,458 | €62,798 | +€6,340 | +11.2% |
| Financial income | 75/76B | €1,076 | €2,300 | +€1,224 | +113.8% |
| Recurring financial income | 75 | €1,076 | €2,300 | +€1,224 | +113.8% |
| Financial charges | 65/66B | €8,326 | €8,383 | +€57 | +0.7% |
| Recurring financial charges | 65 | €8,326 | €8,383 | +€57 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €49,208 | €56,714 | +€7,507 | +15.3% |
| Income taxes | 67/77 | €15,676 | €18,181 | +€2,506 | +16.0% |
| Profit (loss) for the period | 9904 | €33,532 | €38,533 | +€5,001 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,532 | €38,533 | +€5,001 | +14.9% |
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 9 October 2026 via checked.be.