BELLEVUE PARTNERS: 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.
BELLEVUE PARTNERS
Largest movements
- Current investments -€71,815
down €71,815 (-89.8%), from €80,000 to €8,185
- Cash -€54,669
down €54,669 (-32.7%), from €167,015 to €112,347
mainly Other debts (-€135,630) and Contributions, distributions and other (-€118,000)
- Receivables within one year -€16,693
down €16,693 (-77.7%), from €21,493 to €4,800
of which Trade receivables: -€19,515
- Other debts -€135,630
down €135,630 (-55.9%), from €242,674 to €107,044
- Tax, wage and social debts -€5,455
down €5,455 (-26.8%), from €20,328 to €14,873
- Gross operating margin +€37,556
up €37,556 (+29.0%), from €129,522 to €167,078
- Taxes +€14,178
up €14,178 (+50.6%), from €28,022 to €42,200
- Financial charges +€7,896
up €7,896 (+13,988%), from €56 to €7,953
- Depreciation -€1,833
no longer reported in 2025 (was €1,833)
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 | €268,509 | €125,408 | -€143,101 | -53.3% |
| Current assets | 29/58 | €268,509 | €125,408 | -€143,101 | -53.3% |
| Amounts receivable within one year | 40/41 | €21,493 | €4,800 | -€16,693 | -77.7% |
| Trade receivables | 40 | €19,515 | - | -€19,515 | |
| Other amounts receivable | 41 | €1,978 | €4,800 | +€2,822 | +143% |
| Current investments | 50/53 | €80,000 | €8,185 | -€71,815 | -89.8% |
| Cash at bank and in hand | 54/58 | €167,015 | €112,347 | -€54,669 | -32.7% |
| Deferred charges and accrued income | 490/1 | - | €76 | +€76 | |
| Total equity and liabilities | 10/49 | €268,509 | €125,408 | -€143,101 | -53.3% |
| Equity | 10/15 | €4,669 | €2,679 | -€1,990 | -42.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,169 | €179 | -€1,990 | -91.8% |
| Amounts payable | 17/49 | €263,840 | €122,730 | -€141,111 | -53.5% |
| Amounts payable within one year | 42/48 | €263,840 | €122,730 | -€141,111 | -53.5% |
| Trade debts | 44 | €838 | €813 | -€25 | -3.0% |
| Suppliers | 440/4 | €838 | €813 | -€25 | -3.0% |
| Taxes, remuneration and social security | 45 | €20,328 | €14,873 | -€5,455 | -26.8% |
| Taxes | 450/3 | €20,328 | €14,873 | -€5,455 | -26.8% |
| Other amounts payable | 47/48 | €242,674 | €107,044 | -€135,630 | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,833 | - | -€1,833 | |
| Other operating charges | 640/8 | €1,088 | €915 | -€173 | -15.9% |
| Gross operating margin | 9900 | €129,522 | €167,078 | +€37,556 | +29.0% |
| Operating profit (loss) | 9901 | €126,601 | €166,163 | +€39,562 | +31.2% |
| Financial income | 75/76B | €59 | - | -€59 | |
| Recurring financial income | 75 | €59 | - | -€59 | |
| Financial charges | 65/66B | €56 | €7,953 | +€7,896 | +13,988% |
| Recurring financial charges | 65 | €56 | €7,953 | +€7,896 | +13,988% |
| Profit (loss) for the period before taxes | 9903 | €126,603 | €158,210 | +€31,607 | +25.0% |
| Income taxes | 67/77 | €28,022 | €42,200 | +€14,178 | +50.6% |
| Profit (loss) for the period | 9904 | €98,581 | €116,010 | +€17,429 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,581 | €116,010 | +€17,429 | +17.7% |
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 27 October 2026 via checked.be.