BELLIM: what changed
Two fiscal 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.
BELLIM
Largest movements
- Tangible fixed assets -€64,035
down €64,035 (-1.4%), from €4.6m to €4.5m
- Profit (loss) carried forward -€116,019
down €116,019 (-23.8%), from -€486,717 to -€602,736
- Other debts +€61,888
up €61,888 (+1.3%), from €4.6m to €4.7m
- Gross operating margin +€205,982
up €205,982, from -€128,429 to €77,553
- Depreciation +€73,911
up €73,911 (+1034.9%), from €7,142 to €81,053
- Other operating charges +€3,500
up €3,500 (+48.0%), from €7,293 to €10,793
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 | €4,574,076 | €4,516,852 | -€57,225 | -1.3% |
| Fixed assets | 21/28 | €4,570,105 | €4,506,070 | -€64,035 | -1.4% |
| Tangible fixed assets | 22/27 | €4,570,105 | €4,506,070 | -€64,035 | -1.4% |
| Land and buildings | 22 | €4,570,105 | €4,506,070 | -€64,035 | -1.4% |
| Current assets | 29/58 | €3,972 | €10,781 | +€6,810 | +171.5% |
| Cash at bank and in hand | 54/58 | €3,972 | €10,781 | +€6,810 | +171.5% |
| Total equity and liabilities | 10/49 | €4,574,076 | €4,516,852 | -€57,225 | -1.3% |
| Equity | 10/15 | -€136,717 | -€252,736 | -€116,019 | -84.9% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Outside capital | 11 | €350,000 | €350,000 | = | 0.0% |
| Other | 1109/19 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€486,717 | -€602,736 | -€116,019 | -23.8% |
| Amounts payable | 17/49 | €4,710,793 | €4,769,588 | +€58,794 | +1.2% |
| Amounts payable within one year | 42/48 | €4,617,293 | €4,676,088 | +€58,794 | +1.3% |
| Trade debts | 44 | €5,481 | €2,388 | -€3,093 | -56.4% |
| Suppliers | 440/4 | €5,481 | €2,388 | -€3,093 | -56.4% |
| Other amounts payable | 47/48 | €4,611,812 | €4,673,700 | +€61,888 | +1.3% |
| Accrued charges and deferred income | 492/3 | €93,500 | €93,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,142 | €81,053 | +€73,911 | +1034.9% |
| Other operating charges | 640/8 | €7,293 | €10,793 | +€3,500 | +48.0% |
| Gross operating margin | 9900 | -€128,429 | €77,553 | +€205,982 | |
| Operating profit (loss) | 9901 | -€142,864 | -€14,293 | +€128,571 | +90.0% |
| Financial charges | 65/66B | €101,709 | €101,726 | +€17 | 0.0% |
| Recurring financial charges | 65 | €101,709 | €101,726 | +€17 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€244,573 | -€116,019 | +€128,554 | +52.6% |
| Profit (loss) for the period | 9904 | -€244,573 | -€116,019 | +€128,554 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€244,573 | -€116,019 | +€128,554 | +52.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.