BELLEBIANCO: 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.
BELLEBIANCO
Largest movements
- Receivables within one year -€27,168
down €27,168 (-21.2%), from €128,350 to €101,182
of which Trade receivables: -€27,574
- Tax, wage and social debts -€13,307
down €13,307 (-67.6%), from €19,697 to €6,390
of which Taxes: -€9,662
- Profit (loss) carried forward -€10,901
down €10,901 (-21.1%), from €51,647 to €40,746
- Trade debts -€5,346
down €5,346 (-8.5%), from €63,015 to €57,669
- Short-term financial debts +€4,981
new in 2025: €4,981
- Other debts -€1,786
down €1,786 (-55.3%), from €3,229 to €1,443
- Staff costs +€4,788
up €4,788 (+5.2%), from €92,686 to €97,474
- Gross operating margin -€3,643
down €3,643 (-3.7%), from €99,337 to €95,694
- Taxes -€3,583
down €3,583 (-64.4%), from €5,568 to €1,985
- Other operating charges +€2,222
new in 2025: €2,222
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 | €137,909 | €111,551 | -€26,358 | -19.1% |
| Fixed assets | 21/28 | €9,472 | €10,369 | +€897 | +9.5% |
| Tangible fixed assets | 22/27 | €9,322 | €10,219 | +€897 | +9.6% |
| Furniture and vehicles | 24 | €9,322 | €10,219 | +€897 | +9.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €128,437 | €101,182 | -€27,255 | -21.2% |
| Amounts receivable within one year | 40/41 | €128,350 | €101,182 | -€27,168 | -21.2% |
| Trade receivables | 40 | €127,716 | €100,142 | -€27,574 | -21.6% |
| Other amounts receivable | 41 | €634 | €1,039 | +€405 | +63.9% |
| Cash at bank and in hand | 54/58 | €87 | - | -€87 | |
| Total equity and liabilities | 10/49 | €137,909 | €111,551 | -€26,358 | -19.1% |
| Equity | 10/15 | €51,968 | €41,067 | -€10,901 | -21.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €320 | €320 | = | 0.0% |
| Distributable reserves | 133 | €320 | €320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,647 | €40,746 | -€10,901 | -21.1% |
| Amounts payable | 17/49 | €85,941 | €70,484 | -€15,457 | -18.0% |
| Amounts payable within one year | 42/48 | €85,941 | €70,484 | -€15,457 | -18.0% |
| Financial debts | 43 | - | €4,981 | +€4,981 | |
| Credit institutions | 430/8 | - | €4,981 | +€4,981 | |
| Trade debts | 44 | €63,015 | €57,669 | -€5,346 | -8.5% |
| Suppliers | 440/4 | €63,015 | €57,669 | -€5,346 | -8.5% |
| Taxes, remuneration and social security | 45 | €19,697 | €6,390 | -€13,307 | -67.6% |
| Taxes | 450/3 | €11,647 | €1,985 | -€9,662 | -83.0% |
| Remuneration and social security | 454/9 | €8,050 | €4,406 | -€3,644 | -45.3% |
| Other amounts payable | 47/48 | €3,229 | €1,443 | -€1,786 | -55.3% |
| Remuneration, social security and pensions | 62 | €92,686 | €97,474 | +€4,788 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,595 | €4,809 | +€214 | +4.7% |
| Other operating charges | 640/8 | - | €2,222 | +€2,222 | |
| Operating charges capitalised as restructuring costs | 649 | -€96 | - | +€96 | |
| Gross operating margin | 9900 | €99,337 | €95,694 | -€3,643 | -3.7% |
| Operating profit (loss) | 9901 | €2,152 | -€8,810 | -€10,962 | |
| Financial income | 75/76B | €900 | €348 | -€552 | -61.3% |
| Recurring financial income | 75 | €900 | €348 | -€552 | -61.3% |
| Financial charges | 65/66B | €108 | €454 | +€346 | +321% |
| Recurring financial charges | 65 | €108 | €454 | +€346 | +321% |
| Profit (loss) for the period before taxes | 9903 | €2,944 | -€8,916 | -€11,860 | |
| Income taxes | 67/77 | €5,568 | €1,985 | -€3,583 | -64.4% |
| Profit (loss) for the period | 9904 | -€2,624 | -€10,900 | -€8,276 | -315% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,624 | -€10,900 | -€8,276 | -315% |
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 27 October 2026 via checked.be.