BELLELLO IMMO: 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.
What changed
BELLELLO IMMO
NACE 71.111, Activities of building architects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,647
2024 · €6,959-€4,312
Equity
€356,312
2024 · €353,665+€2,647
Cash
€48
2024 · €55-€7
Balance sheet total
€446,029
2024 · €469,638-€23,609
Largest movements
Assets
- Receivables after one year -€22,481
down €22,481 (-31.7%), from €70,868 to €48,387
- Tangible fixed assets -€12,992
down €12,992 (-11.5%), from €113,282 to €100,290
of which Leasing and similar rights: -€12,667
- Receivables within one year +€10,367
up €10,367 (+4.6%), from €226,575 to €236,942
of which Other amounts receivable: +€31,336
Equity and liabilities
- Provisions -€9,692
down €9,692 (-39.3%), from €24,692 to €15,000
- Tax, wage and social debts -€5,729
down €5,729 (-15.6%), from €36,647 to €30,917
Income statement
- Gross operating margin -€14,536
down €14,536 (-59.3%), from €24,520 to €9,985
- Provisions -€9,692
new in 2025: -€9,692
- Financial income +€1,666
up €1,666 (+12.6%), from €13,172 to €14,838
- Financial charges +€1,571
up €1,571 (+18.1%), from €8,677 to €10,248
- Depreciation -€565
down €565 (-4.2%), from €13,556 to €12,992
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.
Result 2024
€6,959
Gross operating margin
-€14,536
Depreciation
+€565
Provisions
+€9,692
Other operating charges
-€230
Financial income
+€1,666
Financial charges
-€1,571
Taxes
+€102
Result 2025
€2,647
raises the resultlowers the result
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.
From operations
+€10,259
Investment
€0
Financing
-€10,266
Cash 2024
€55
From operations (derived)
+€10,259
Net result for the year
+€2,647
Depreciation
+€12,992
Receivables after one year
+€22,481
Receivables within one year
-€10,367
Deferred charges and accrued income
-€1,503
Provisions
-€9,692
Trade debts
-€15
Tax, wage and social debts
-€5,729
Accrued charges and deferred income
-€554
Financing
-€10,266
Debts after one year
-€4,178
Current portion of long-term debt
-€3,841
Short-term financial debts
-€2,247
Cash 2025
€48
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €469,638 | €446,029 | -€23,609 | -5.0% |
| Fixed assets | 21/28 | €113,282 | €100,290 | -€12,992 | -11.5% |
| Tangible fixed assets | 22/27 | €113,282 | €100,290 | -€12,992 | -11.5% |
| Plant, machinery and equipment | 23 | €1,975 | €1,751 | -€224 | -11.3% |
| Furniture and vehicles | 24 | €165 | €64 | -€101 | -61.3% |
| Leasing and similar rights | 25 | €111,142 | €98,476 | -€12,667 | -11.4% |
| Current assets | 29/58 | €356,356 | €345,738 | -€10,618 | -3.0% |
| Amounts receivable after more than one year | 29 | €70,868 | €48,387 | -€22,481 | -31.7% |
| Other amounts receivable | 291 | €70,868 | €48,387 | -€22,481 | -31.7% |
| Amounts receivable within one year | 40/41 | €226,575 | €236,942 | +€10,367 | +4.6% |
| Trade receivables | 40 | €24,220 | €3,250 | -€20,970 | -86.6% |
| Other amounts receivable | 41 | €202,356 | €233,692 | +€31,336 | +15.5% |
| Current investments | 50/53 | €57,788 | €57,788 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55 | €48 | -€7 | -13.2% |
| Deferred charges and accrued income | 490/1 | €1,070 | €2,573 | +€1,503 | +141% |
| Total equity and liabilities | 10/49 | €469,638 | €446,029 | -€23,609 | -5.0% |
| Equity | 10/15 | €353,665 | €356,312 | +€2,647 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,108 | €78,755 | +€2,647 | +3.5% |
| Non-distributable reserves | 130/1 | €57,788 | €57,788 | = | 0.0% |
| Own shares acquired | 1312 | €57,788 | €57,788 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €8,819 | €11,467 | +€2,647 | +30.0% |
| Profit (loss) carried forward | 14 | €258,957 | €258,957 | = | 0.0% |
| Provisions and deferred taxes | 16 | €24,692 | €15,000 | -€9,692 | -39.3% |
| Provisions for liabilities and charges | 160/5 | €24,692 | €15,000 | -€9,692 | -39.3% |
| Other liabilities and charges | 164/5 | €24,692 | €15,000 | -€9,692 | -39.3% |
| Amounts payable | 17/49 | €91,280 | €74,716 | -€16,564 | -18.1% |
| Amounts payable after more than one year | 17 | €18,049 | €13,871 | -€4,178 | -23.1% |
| Financial debts | 170/4 | €18,049 | €13,871 | -€4,178 | -23.1% |
| Amounts payable within one year | 42/48 | €72,677 | €60,845 | -€11,832 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €8,019 | €4,178 | -€3,841 | -47.9% |
| Financial debts | 43 | €24,120 | €21,873 | -€2,247 | -9.3% |
| Credit institutions | 430/8 | €24,120 | €21,873 | -€2,247 | -9.3% |
| Trade debts | 44 | €3,892 | €3,877 | -€15 | -0.4% |
| Suppliers | 440/4 | €3,892 | €3,877 | -€15 | -0.4% |
| Taxes, remuneration and social security | 45 | €36,647 | €30,917 | -€5,729 | -15.6% |
| Taxes | 450/3 | €36,647 | €30,917 | -€5,729 | -15.6% |
| Accrued charges and deferred income | 492/3 | €554 | - | -€554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,556 | €12,992 | -€565 | -4.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€9,692 | -€9,692 | |
| Other operating charges | 640/8 | €4,467 | €4,697 | +€230 | +5.2% |
| Gross operating margin | 9900 | €24,520 | €9,985 | -€14,536 | -59.3% |
| Operating profit (loss) | 9901 | €6,497 | €1,988 | -€4,509 | -69.4% |
| Financial income | 75/76B | €13,172 | €14,838 | +€1,666 | +12.6% |
| Recurring financial income | 75 | €13,172 | €14,838 | +€1,666 | +12.6% |
| Financial charges | 65/66B | €8,677 | €10,248 | +€1,571 | +18.1% |
| Recurring financial charges | 65 | €8,677 | €10,248 | +€1,571 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €10,993 | €6,579 | -€4,414 | -40.2% |
| Income taxes | 67/77 | €4,034 | €3,931 | -€102 | -2.5% |
| Profit (loss) for the period | 9904 | €6,959 | €2,647 | -€4,312 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,959 | €2,647 | -€4,312 | -62.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.