BELLEROPHON CONSULTING: 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.
BELLEROPHON CONSULTING
Largest movements
- Tangible fixed assets +€42,552
up €42,552 (+46.8%), from €90,838 to €133,390
of which Furniture and vehicles: +€43,663
- Cash -€1,697
down €1,697 (-38.2%), from €4,441 to €2,744
mainly Investment in fixed assets (net) (-€57,861) and Other debts (-€178)
- Debts after one year +€21,216
up €21,216 (+41.3%), from €51,363 to €72,579
- Current portion of long-term debt +€9,301
up €9,301 (+89.3%), from €10,417 to €19,718
- Reserves +€3,800
up €3,800 (+8.2%), from €46,500 to €50,300
- Tax, wage and social debts +€2,083
up €2,083 (+38.0%), from €5,485 to €7,568
of which Taxes: +€3,083
- Trade debts +€1,638
up €1,638 (+105%), from €1,553 to €3,191
- Depreciation +€8,422
up €8,422 (+122%), from €6,886 to €15,309
- Taxes -€3,881
down €3,881 (-46.5%), from €8,348 to €4,467
- Other operating charges +€3,568
up €3,568 (+369%), from €968 to €4,535
- Gross operating margin -€2,735
down €2,735 (-7.9%), from €34,717 to €31,982
- Financial charges +€2,445
up €2,445 (+179%), from €1,366 to €3,812
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 | €119,956 | €159,062 | +€39,106 | +32.6% |
| Fixed assets | 21/28 | €90,838 | €133,390 | +€42,552 | +46.8% |
| Tangible fixed assets | 22/27 | €90,838 | €133,390 | +€42,552 | +46.8% |
| Land and buildings | 22 | €84,452 | €83,342 | -€1,110 | -1.3% |
| Furniture and vehicles | 24 | €6,385 | €50,048 | +€43,663 | +684% |
| Current assets | 29/58 | €29,119 | €25,672 | -€3,447 | -11.8% |
| Amounts receivable within one year | 40/41 | €23,540 | €22,523 | -€1,017 | -4.3% |
| Trade receivables | 40 | €20,459 | €19,991 | -€468 | -2.3% |
| Other amounts receivable | 41 | €3,081 | €2,533 | -€549 | -17.8% |
| Cash at bank and in hand | 54/58 | €4,441 | €2,744 | -€1,697 | -38.2% |
| Deferred charges and accrued income | 490/1 | €1,137 | €404 | -€733 | -64.4% |
| Total equity and liabilities | 10/49 | €119,956 | €159,062 | +€39,106 | +32.6% |
| Equity | 10/15 | €50,070 | €53,975 | +€3,905 | +7.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,500 | €50,300 | +€3,800 | +8.2% |
| Distributable reserves | 133 | €46,500 | €50,300 | +€3,800 | +8.2% |
| Profit (loss) carried forward | 14 | €570 | €675 | +€105 | +18.5% |
| Amounts payable | 17/49 | €69,886 | €105,087 | +€35,200 | +50.4% |
| Amounts payable after more than one year | 17 | €51,363 | €72,579 | +€21,216 | +41.3% |
| Financial debts | 170/4 | €51,363 | €72,579 | +€21,216 | +41.3% |
| Amounts payable within one year | 42/48 | €18,523 | €31,367 | +€12,844 | +69.3% |
| Current portion of amounts payable after more than one year | 42 | €10,417 | €19,718 | +€9,301 | +89.3% |
| Trade debts | 44 | €1,553 | €3,191 | +€1,638 | +105% |
| Suppliers | 440/4 | €1,553 | €3,191 | +€1,638 | +105% |
| Taxes, remuneration and social security | 45 | €5,485 | €7,568 | +€2,083 | +38.0% |
| Taxes | 450/3 | €4,485 | €7,568 | +€3,083 | +68.7% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €1,069 | €891 | -€178 | -16.6% |
| Accrued charges and deferred income | 492/3 | - | €1,140 | +€1,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,886 | €15,309 | +€8,422 | +122% |
| Other operating charges | 640/8 | €968 | €4,535 | +€3,568 | +369% |
| Gross operating margin | 9900 | €34,717 | €31,982 | -€2,735 | -7.9% |
| Operating profit (loss) | 9901 | €26,863 | €12,138 | -€14,725 | -54.8% |
| Financial income | 75/76B | €82 | €46 | -€36 | -43.6% |
| Recurring financial income | 75 | €82 | €46 | -€36 | -43.6% |
| Financial charges | 65/66B | €1,366 | €3,812 | +€2,445 | +179% |
| Recurring financial charges | 65 | €1,366 | €3,812 | +€2,445 | +179% |
| Profit (loss) for the period before taxes | 9903 | €25,578 | €8,373 | -€17,205 | -67.3% |
| Income taxes | 67/77 | €8,348 | €4,467 | -€3,881 | -46.5% |
| Profit (loss) for the period | 9904 | €17,230 | €3,905 | -€13,324 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,230 | €3,905 | -€13,324 | -77.3% |
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 1 November 2026 via checked.be.