BellePath: 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.
BellePath
Largest movements
- Cash +€43,145
up €43,145 (+405.2%), from €10,648 to €53,793
mainly Net result for the year (+€41,478) and Tax, wage and social debts (+€10,364)
- Receivables within one year +€7,809
up €7,809 (+86.8%), from €9,000 to €16,809
of which Trade receivables: +€16,809
- Reserves +€41,478
up €41,478 (+997.7%), from €4,157 to €45,635
- Tax, wage and social debts +€10,364
up €10,364 (+133.7%), from €7,749 to €18,113
of which Taxes: +€10,364
- Trade debts -€2,399
down €2,399 (-90.3%), from €2,656 to €257
- Other debts +€1,510
up €1,510 (+139.2%), from €1,085 to €2,595
- Gross operating margin +€47,446
up €47,446 (+869.5%), from €5,457 to €52,902
- Taxes +€9,884
up €9,884 (+860.0%), from €1,149 to €11,033
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.
Cash bridge derived
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 | €19,648 | €70,601 | +€50,953 | +259.3% |
| Current assets | 29/58 | €19,648 | €70,601 | +€50,953 | +259.3% |
| Amounts receivable within one year | 40/41 | €9,000 | €16,809 | +€7,809 | +86.8% |
| Trade receivables | 40 | - | €16,809 | +€16,809 | |
| Other amounts receivable | 41 | €9,000 | €0 | -€9,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,648 | €53,793 | +€43,145 | +405.2% |
| Total equity and liabilities | 10/49 | €19,648 | €70,601 | +€50,953 | +259.3% |
| Equity | 10/15 | €8,157 | €49,635 | +€41,478 | +508.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €4,157 | €45,635 | +€41,478 | +997.7% |
| Distributable reserves | 133 | €4,157 | €45,635 | +€41,478 | +997.7% |
| Amounts payable | 17/49 | €11,490 | €20,966 | +€9,475 | +82.5% |
| Amounts payable within one year | 42/48 | €11,490 | €20,966 | +€9,475 | +82.5% |
| Trade debts | 44 | €2,656 | €257 | -€2,399 | -90.3% |
| Suppliers | 440/4 | €2,656 | €257 | -€2,399 | -90.3% |
| Taxes, remuneration and social security | 45 | €7,749 | €18,113 | +€10,364 | +133.7% |
| Taxes | 450/3 | €4,749 | €15,113 | +€10,364 | +218.2% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,085 | €2,595 | +€1,510 | +139.2% |
| Other operating charges | 640/8 | €150 | €299 | +€149 | +99.4% |
| Gross operating margin | 9900 | €5,457 | €52,902 | +€47,446 | +869.5% |
| Operating profit (loss) | 9901 | €5,307 | €52,603 | +€47,297 | +891.3% |
| Financial charges | 65/66B | - | €92 | +€92 | |
| Recurring financial charges | 65 | - | €92 | +€92 | |
| Profit (loss) for the period before taxes | 9903 | €5,307 | €52,511 | +€47,204 | +889.5% |
| Income taxes | 67/77 | €1,149 | €11,033 | +€9,884 | +860.0% |
| Profit (loss) for the period | 9904 | €4,157 | €41,478 | +€37,321 | +897.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,157 | €41,478 | +€37,321 | +897.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.