BELLBROTHERS: 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.
BELLBROTHERS
Largest movements
- Cash +€11,065
up €11,065 (+361%), from €3,064 to €14,129
mainly Stocks and contracts (+€9,944) and Receivables within one year (+€5,881)
- Stocks and contracts -€9,944
no longer reported in 2025 (was €9,944)
- Receivables within one year -€5,881
down €5,881 (-83.2%), from €7,068 to €1,187
of which Trade receivables: -€6,134
- Tangible fixed assets -€401
down €401 (-25.0%), from €1,604 to €1,203
- Other debts -€11,416
down €11,416 (-24.0%), from €47,528 to €36,112
- Profit (loss) carried forward +€4,306
up €4,306 (+10.4%), from -€41,401 to -€37,095
- Tax, wage and social debts +€3,661
up €3,661 (+1,208%), from €303 to €3,964
of which Taxes: +€2,511
- Trade debts -€1,891
down €1,891 (-34.6%), from €5,470 to €3,579
- Gross operating margin +€6,623
up €6,623 (+194%), from €3,406 to €10,029
- Taxes +€2,511
up €2,511 (+828%), from €303 to €2,814
- Financial charges +€649
up €649 (+398%), from €163 to €812
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 | €21,900 | €16,560 | -€5,341 | -24.4% |
| Fixed assets | 21/28 | €1,644 | €1,243 | -€401 | -24.4% |
| Tangible fixed assets | 22/27 | €1,604 | €1,203 | -€401 | -25.0% |
| Other tangible fixed assets | 26 | €1,604 | €1,203 | -€401 | -25.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €20,256 | €15,316 | -€4,940 | -24.4% |
| Stocks and contracts in progress | 3 | €9,944 | - | -€9,944 | |
| Stocks | 30/36 | €9,944 | - | -€9,944 | |
| Amounts receivable within one year | 40/41 | €7,068 | €1,187 | -€5,881 | -83.2% |
| Trade receivables | 40 | €6,134 | - | -€6,134 | |
| Other amounts receivable | 41 | €935 | €1,187 | +€253 | +27.0% |
| Cash at bank and in hand | 54/58 | €3,064 | €14,129 | +€11,065 | +361% |
| Deferred charges and accrued income | 490/1 | €180 | - | -€180 | |
| Total equity and liabilities | 10/49 | €21,900 | €16,560 | -€5,341 | -24.4% |
| Equity | 10/15 | -€31,401 | -€27,095 | +€4,306 | +13.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,401 | -€37,095 | +€4,306 | +10.4% |
| Amounts payable | 17/49 | €53,301 | €43,655 | -€9,646 | -18.1% |
| Amounts payable within one year | 42/48 | €53,301 | €43,655 | -€9,646 | -18.1% |
| Trade debts | 44 | €5,470 | €3,579 | -€1,891 | -34.6% |
| Suppliers | 440/4 | €5,470 | €3,579 | -€1,891 | -34.6% |
| Taxes, remuneration and social security | 45 | €303 | €3,964 | +€3,661 | +1,208% |
| Taxes | 450/3 | €303 | €2,814 | +€2,511 | +828% |
| Remuneration and social security | 454/9 | - | €1,150 | +€1,150 | |
| Other amounts payable | 47/48 | €47,528 | €36,112 | -€11,416 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €401 | €401 | = | 0.0% |
| Other operating charges | 640/8 | €1,652 | €1,697 | +€45 | +2.7% |
| Gross operating margin | 9900 | €3,406 | €10,029 | +€6,623 | +194% |
| Operating profit (loss) | 9901 | €1,353 | €7,931 | +€6,578 | +486% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €163 | €812 | +€649 | +398% |
| Recurring financial charges | 65 | €163 | €812 | +€649 | +398% |
| Profit (loss) for the period before taxes | 9903 | €1,190 | €7,120 | +€5,929 | +498% |
| Income taxes | 67/77 | €303 | €2,814 | +€2,511 | +828% |
| Profit (loss) for the period | 9904 | €887 | €4,306 | +€3,418 | +385% |
| Profit (loss) for the period to be appropriated | 9905 | €887 | €4,306 | +€3,418 | +385% |
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 28 October 2026 via checked.be.