Bellevue Spur: 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 Spur
Largest movements
- Cash +€229,637
up €229,637 (+65.4%), from €350,949 to €580,586
mainly Net result for the year (+€222,225) and Other debts (+€157,570)
- Tangible fixed assets -€13,870
down €13,870 (-34.1%), from €40,720 to €26,850
- Other debts +€157,570
up €157,570 (+2,674%), from €5,893 to €163,463
- Tax, wage and social debts +€40,813
up €40,813 (+53.0%), from €77,012 to €117,826
- Profit (loss) carried forward +€22,224
up €22,224 (+6.9%), from €320,922 to €343,146
- Gross operating margin -€13,413
down €13,413 (-4.2%), from €321,144 to €307,731
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 | €414,969 | €629,818 | +€214,849 | +51.8% |
| Fixed assets | 21/28 | €40,720 | €26,850 | -€13,870 | -34.1% |
| Tangible fixed assets | 22/27 | €40,720 | €26,850 | -€13,870 | -34.1% |
| Furniture and vehicles | 24 | €40,720 | €26,850 | -€13,870 | -34.1% |
| Current assets | 29/58 | €374,248 | €602,968 | +€228,719 | +61.1% |
| Amounts receivable within one year | 40/41 | €21,071 | €20,207 | -€864 | -4.1% |
| Trade receivables | 40 | €20,207 | €20,207 | = | 0.0% |
| Other amounts receivable | 41 | €864 | €0 | -€864 | -100% |
| Cash at bank and in hand | 54/58 | €350,949 | €580,586 | +€229,637 | +65.4% |
| Deferred charges and accrued income | 490/1 | €2,228 | €2,175 | -€53 | -2.4% |
| Total equity and liabilities | 10/49 | €414,969 | €629,818 | +€214,849 | +51.8% |
| Equity | 10/15 | €323,922 | €346,146 | +€22,224 | +6.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,922 | €343,146 | +€22,224 | +6.9% |
| Amounts payable | 17/49 | €91,046 | €283,671 | +€192,625 | +212% |
| Amounts payable within one year | 42/48 | €90,398 | €283,671 | +€193,273 | +214% |
| Trade debts | 44 | €7,493 | €2,383 | -€5,110 | -68.2% |
| Suppliers | 440/4 | €7,493 | €2,383 | -€5,110 | -68.2% |
| Taxes, remuneration and social security | 45 | €77,012 | €117,826 | +€40,813 | +53.0% |
| Taxes | 450/3 | €77,012 | €117,826 | +€40,813 | +53.0% |
| Other amounts payable | 47/48 | €5,893 | €163,463 | +€157,570 | +2,674% |
| Accrued charges and deferred income | 492/3 | €648 | €0 | -€648 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,870 | €13,870 | = | 0.0% |
| Other operating charges | 640/8 | €1,060 | €857 | -€203 | -19.2% |
| Gross operating margin | 9900 | €321,144 | €307,731 | -€13,413 | -4.2% |
| Operating profit (loss) | 9901 | €306,214 | €293,004 | -€13,210 | -4.3% |
| Financial income | 75/76B | €111 | €0 | -€111 | -100% |
| Recurring financial income | 75 | €111 | €0 | -€111 | -100% |
| Financial charges | 65/66B | €725 | €352 | -€373 | -51.5% |
| Recurring financial charges | 65 | €725 | €352 | -€373 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €305,600 | €292,652 | -€12,948 | -4.2% |
| Income taxes | 67/77 | €72,631 | €70,427 | -€2,204 | -3.0% |
| Profit (loss) for the period | 9904 | €232,968 | €222,225 | -€10,744 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €232,968 | €222,225 | -€10,744 | -4.6% |
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 23 October 2026 via checked.be.