BELLELISA: 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.
BELLELISA
Largest movements
- Stocks and contracts -€141,292
no longer reported in 2025 (was €141,292)
- Cash -€17,588
down €17,588 (-63.3%), from €27,772 to €10,184
mainly Net result for the year (-€107,615) and Tax, wage and social debts (-€21,006)
- Tangible fixed assets -€7,066
no longer reported in 2025 (was €7,066)
- Profit (loss) carried forward -€107,615
down €107,615 (-26.8%), from -€401,375 to -€508,990
- Tax, wage and social debts -€21,006
down €21,006 (-99.6%), from €21,082 to €76
of which Remuneration and social security: -€19,804
- Other debts -€20,940
down €20,940 (-4.0%), from €523,488 to €502,549
- Trade debts -€16,980
no longer reported in 2025 (was €16,980)
- Gross operating margin -€210,446
down €210,446, from €130,035 to -€80,412
- Staff costs -€149,582
down €149,582 (-93.1%), from €160,668 to €11,086
- Financial charges +€5,476
up €5,476 (+121%), from €4,534 to €10,010
- Financial income +€2,548
up €2,548 (+8,808%), from €29 to €2,577
- Other operating charges +€1,556
up €1,556 (+2,510%), from €62 to €1,618
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 | €178,775 | €12,234 | -€166,541 | -93.2% |
| Fixed assets | 21/28 | €7,316 | €250 | -€7,066 | -96.6% |
| Tangible fixed assets | 22/27 | €7,066 | - | -€7,066 | |
| Plant, machinery and equipment | 23 | €7,066 | - | -€7,066 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €171,459 | €11,984 | -€159,475 | -93.0% |
| Stocks and contracts in progress | 3 | €141,292 | - | -€141,292 | |
| Stocks | 30/36 | €141,292 | - | -€141,292 | |
| Amounts receivable within one year | 40/41 | €869 | €1,800 | +€932 | +107% |
| Trade receivables | 40 | - | €1,399 | +€1,399 | |
| Other amounts receivable | 41 | €869 | €401 | -€467 | -53.8% |
| Cash at bank and in hand | 54/58 | €27,772 | €10,184 | -€17,588 | -63.3% |
| Deferred charges and accrued income | 490/1 | €1,526 | - | -€1,526 | |
| Total equity and liabilities | 10/49 | €178,775 | €12,234 | -€166,541 | -93.2% |
| Equity | 10/15 | -€382,775 | -€490,390 | -€107,615 | -28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€401,375 | -€508,990 | -€107,615 | -26.8% |
| Amounts payable | 17/49 | €561,550 | €502,624 | -€58,926 | -10.5% |
| Amounts payable within one year | 42/48 | €561,550 | €502,624 | -€58,926 | -10.5% |
| Trade debts | 44 | €16,980 | - | -€16,980 | |
| Suppliers | 440/4 | €16,980 | - | -€16,980 | |
| Taxes, remuneration and social security | 45 | €21,082 | €76 | -€21,006 | -99.6% |
| Taxes | 450/3 | €1,278 | €76 | -€1,203 | -94.1% |
| Remuneration and social security | 454/9 | €19,804 | - | -€19,804 | |
| Other amounts payable | 47/48 | €523,488 | €502,549 | -€20,940 | -4.0% |
| Remuneration, social security and pensions | 62 | €160,668 | €11,086 | -€149,582 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,314 | - | -€1,314 | |
| Other operating charges | 640/8 | €62 | €1,618 | +€1,556 | +2,510% |
| Non-recurring operating charges | 66A | €3,487 | €7,066 | +€3,578 | +103% |
| Gross operating margin | 9900 | €130,035 | -€80,412 | -€210,446 | |
| Operating profit (loss) | 9901 | -€35,497 | -€100,182 | -€64,685 | -182% |
| Financial income | 75/76B | €29 | €2,577 | +€2,548 | +8,808% |
| Recurring financial income | 75 | €29 | €2,577 | +€2,548 | +8,808% |
| Financial charges | 65/66B | €4,534 | €10,010 | +€5,476 | +121% |
| Recurring financial charges | 65 | €4,534 | €10,010 | +€5,476 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€40,002 | -€107,615 | -€67,613 | -169% |
| Profit (loss) for the period | 9904 | -€40,002 | -€107,615 | -€67,613 | -169% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,002 | -€107,615 | -€67,613 | -169% |
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 24 October 2026 via checked.be.