BELLEBOTH: 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.
BELLEBOTH
Largest movements
- Receivables within one year -€52,171
down €52,171 (-93.1%), from €56,042 to €3,871
of which Trade receivables: -€49,032
- Cash -€19,294
down €19,294 (-17.7%), from €108,714 to €89,419
mainly Contributions, distributions and other (-€89,686) and Tax, wage and social debts (-€17,753)
- Tangible fixed assets -€17,610
down €17,610 (-36.3%), from €48,457 to €30,847
of which Plant, machinery and equipment: -€16,002
- Deferred charges and accrued income -€3,327
down €3,327 (-98.6%), from €3,373 to €46
- Profit (loss) carried forward -€55,534
down €55,534 (-45.5%), from €122,129 to €66,595
- Tax, wage and social debts -€17,753
down €17,753 (-97.4%), from €18,228 to €474
of which Remuneration and social security: -€9,657
- Reserves -€14,277
down €14,277 (-28.1%), from €50,822 to €36,545
- Current portion of long-term debt -€3,532
no longer reported in 2024 (was €3,532)
- Gross operating margin -€151,085
down €151,085 (-68.8%), from €219,642 to €68,556
- Staff costs -€120,946
down €120,946 (-83.8%), from €144,408 to €23,462
- Taxes -€3,967
down €3,967 (-35.6%), from €11,141 to €7,174
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,006 | €124,183 | -€92,823 | -42.8% |
| Fixed assets | 21/28 | €48,877 | €30,847 | -€18,030 | -36.9% |
| Tangible fixed assets | 22/27 | €48,457 | €30,847 | -€17,610 | -36.3% |
| Plant, machinery and equipment | 23 | €46,849 | €30,847 | -€16,002 | -34.2% |
| Furniture and vehicles | 24 | €1,608 | - | -€1,608 | |
| Financial fixed assets | 28 | €420 | - | -€420 | |
| Current assets | 29/58 | €168,129 | €93,337 | -€74,793 | -44.5% |
| Amounts receivable within one year | 40/41 | €56,042 | €3,871 | -€52,171 | -93.1% |
| Trade receivables | 40 | €51,679 | €2,647 | -€49,032 | -94.9% |
| Other amounts receivable | 41 | €4,363 | €1,224 | -€3,139 | -71.9% |
| Cash at bank and in hand | 54/58 | €108,714 | €89,419 | -€19,294 | -17.7% |
| Deferred charges and accrued income | 490/1 | €3,373 | €46 | -€3,327 | -98.6% |
| Total equity and liabilities | 10/49 | €217,006 | €124,183 | -€92,823 | -42.8% |
| Equity | 10/15 | €193,411 | €123,600 | -€69,812 | -36.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €50,822 | €36,545 | -€14,277 | -28.1% |
| Distributable reserves | 133 | €50,822 | €36,545 | -€14,277 | -28.1% |
| Profit (loss) carried forward | 14 | €122,129 | €66,595 | -€55,534 | -45.5% |
| Amounts payable | 17/49 | €23,594 | €583 | -€23,011 | -97.5% |
| Amounts payable within one year | 42/48 | €23,594 | €583 | -€23,011 | -97.5% |
| Current portion of amounts payable after more than one year | 42 | €3,532 | - | -€3,532 | |
| Trade debts | 44 | €819 | €109 | -€709 | -86.7% |
| Suppliers | 440/4 | €819 | €109 | -€709 | -86.7% |
| Taxes, remuneration and social security | 45 | €18,228 | €474 | -€17,753 | -97.4% |
| Taxes | 450/3 | €8,570 | €474 | -€8,096 | -94.5% |
| Remuneration and social security | 454/9 | €9,657 | - | -€9,657 | |
| Other amounts payable | 47/48 | €1,016 | - | -€1,016 | |
| Remuneration, social security and pensions | 62 | €144,408 | €23,462 | -€120,946 | -83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,668 | €16,400 | -€1,268 | -7.2% |
| Other operating charges | 640/8 | €1,432 | €923 | -€509 | -35.5% |
| Gross operating margin | 9900 | €219,642 | €68,556 | -€151,085 | -68.8% |
| Operating profit (loss) | 9901 | €56,134 | €27,771 | -€28,363 | -50.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,071 | €723 | -€348 | -32.5% |
| Recurring financial charges | 65 | €1,071 | €723 | -€348 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €55,063 | €27,048 | -€28,015 | -50.9% |
| Income taxes | 67/77 | €11,141 | €7,174 | -€3,967 | -35.6% |
| Profit (loss) for the period | 9904 | €43,922 | €19,874 | -€24,047 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,922 | €19,874 | -€24,047 | -54.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.