Bellaziza: 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.
Bellaziza
Largest movements
- Stocks and contracts +€15,647
up €15,647 (+266%), from €5,881 to €21,528
- Receivables within one year -€2,335
down €2,335 (-84.5%), from €2,762 to €428
of which Other amounts receivable: -€2,762
- Profit (loss) carried forward +€12,027
up €12,027 (+1,483%), from €811 to €12,839
- Trade debts +€3,456
up €3,456, from €0 to €3,456
- Tax, wage and social debts -€1,548
down €1,548 (-21.9%), from €7,059 to €5,511
- Accrued charges and deferred income -€658
no longer reported in 2025 (was €658)
- Gross operating margin +€26,050
up €26,050, from -€11,388 to €14,662
- Financial charges +€1,642
up €1,642 (+332%), from €495 to €2,136
- Taxes +€541
new in 2025: €541
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 | €11,979 | €25,309 | +€13,330 | +111% |
| Current assets | 29/58 | €11,979 | €25,309 | +€13,330 | +111% |
| Stocks and contracts in progress | 3 | €5,881 | €21,528 | +€15,647 | +266% |
| Stocks | 30/36 | €5,881 | €21,528 | +€15,647 | +266% |
| Amounts receivable within one year | 40/41 | €2,762 | €428 | -€2,335 | -84.5% |
| Trade receivables | 40 | - | €428 | +€428 | |
| Other amounts receivable | 41 | €2,762 | - | -€2,762 | |
| Cash at bank and in hand | 54/58 | €3,336 | €3,257 | -€80 | -2.4% |
| Deferred charges and accrued income | 490/1 | - | €97 | +€97 | |
| Total equity and liabilities | 10/49 | €11,979 | €25,309 | +€13,330 | +111% |
| Equity | 10/15 | €3,811 | €15,839 | +€12,027 | +316% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €811 | €12,839 | +€12,027 | +1,483% |
| Amounts payable | 17/49 | €8,168 | €9,471 | +€1,303 | +15.9% |
| Amounts payable within one year | 42/48 | €7,510 | €9,471 | +€1,961 | +26.1% |
| Trade debts | 44 | €0 | €3,456 | +€3,456 | |
| Suppliers | 440/4 | €0 | €3,456 | +€3,456 | |
| Taxes, remuneration and social security | 45 | €7,059 | €5,511 | -€1,548 | -21.9% |
| Taxes | 450/3 | €7,059 | €5,511 | -€1,548 | -21.9% |
| Other amounts payable | 47/48 | €451 | €504 | +€53 | +11.7% |
| Accrued charges and deferred income | 492/3 | €658 | - | -€658 | |
| Gross operating margin | 9900 | -€11,388 | €14,662 | +€26,050 | |
| Operating profit (loss) | 9901 | -€11,388 | €14,662 | +€26,050 | |
| Financial income | 75/76B | €35 | €43 | +€8 | +22.9% |
| Recurring financial income | 75 | €35 | €43 | +€8 | +22.9% |
| Financial charges | 65/66B | €495 | €2,136 | +€1,642 | +332% |
| Recurring financial charges | 65 | €495 | €2,136 | +€1,642 | +332% |
| Profit (loss) for the period before taxes | 9903 | -€11,848 | €12,569 | +€24,417 | |
| Income taxes | 67/77 | - | €541 | +€541 | |
| Profit (loss) for the period | 9904 | -€11,848 | €12,027 | +€23,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,848 | €12,027 | +€23,876 |
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 21 October 2026 via checked.be.