BELLIN 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.
BELLIN CONSULTING
Largest movements
- Cash -€7,689
down €7,689 (-27.5%), from €27,945 to €20,257
mainly Net result for the year (-€16,828) and Investment in fixed assets (net) (-€8,953)
- Tangible fixed assets +€5,413
up €5,413 (+93.2%), from €5,806 to €11,219
of which Plant, machinery and equipment: +€3,999
- Deferred charges and accrued income -€2,104
down €2,104 (-21.6%), from €9,726 to €7,622
- Profit (loss) carried forward -€16,828
down €16,828, from €8,427 to -€8,401
- Trade debts +€6,000
new in 2025: €6,000
- Other debts +€4,821
up €4,821 (+21.6%), from €22,280 to €27,101
- Tax, wage and social debts +€1,269
up €1,269 (+37.7%), from €3,367 to €4,636
of which Remuneration and social security: +€1,295
- Gross operating margin -€26,518
down €26,518, from €15,184 to -€11,334
- Taxes -€2,419
down €2,419 (-92.8%), from €2,607 to €188
- Depreciation +€2,137
up €2,137 (+152%), from €1,403 to €3,539
- Financial charges -€253
down €253 (-13.9%), from €1,824 to €1,571
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 | €48,283 | €43,545 | -€4,738 | -9.8% |
| Fixed assets | 21/28 | €5,806 | €11,219 | +€5,413 | +93.2% |
| Tangible fixed assets | 22/27 | €5,806 | €11,219 | +€5,413 | +93.2% |
| Plant, machinery and equipment | 23 | €867 | €4,866 | +€3,999 | +461% |
| Furniture and vehicles | 24 | €4,940 | €6,354 | +€1,414 | +28.6% |
| Current assets | 29/58 | €42,477 | €32,326 | -€10,151 | -23.9% |
| Amounts receivable within one year | 40/41 | €4,805 | €4,447 | -€358 | -7.5% |
| Trade receivables | 40 | €4,805 | €4,435 | -€370 | -7.7% |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €27,945 | €20,257 | -€7,689 | -27.5% |
| Deferred charges and accrued income | 490/1 | €9,726 | €7,622 | -€2,104 | -21.6% |
| Total equity and liabilities | 10/49 | €48,283 | €43,545 | -€4,738 | -9.8% |
| Equity | 10/15 | €22,636 | €5,808 | -€16,828 | -74.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,209 | €11,209 | = | 0.0% |
| Distributable reserves | 133 | €11,209 | €11,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,427 | -€8,401 | -€16,828 | |
| Amounts payable | 17/49 | €25,647 | €37,737 | +€12,090 | +47.1% |
| Amounts payable within one year | 42/48 | €25,647 | €37,737 | +€12,090 | +47.1% |
| Trade debts | 44 | - | €6,000 | +€6,000 | |
| Suppliers | 440/4 | - | €6,000 | +€6,000 | |
| Taxes, remuneration and social security | 45 | €3,367 | €4,636 | +€1,269 | +37.7% |
| Taxes | 450/3 | €3,367 | €3,341 | -€26 | -0.8% |
| Remuneration and social security | 454/9 | - | €1,295 | +€1,295 | |
| Other amounts payable | 47/48 | €22,280 | €27,101 | +€4,821 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,403 | €3,539 | +€2,137 | +152% |
| Other operating charges | 640/8 | €101 | €196 | +€95 | +94.2% |
| Gross operating margin | 9900 | €15,184 | -€11,334 | -€26,518 | |
| Operating profit (loss) | 9901 | €13,680 | -€15,069 | -€28,750 | |
| Financial income | 75/76B | €11 | €0 | -€11 | -99.6% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.6% |
| Financial charges | 65/66B | €1,824 | €1,571 | -€253 | -13.9% |
| Recurring financial charges | 65 | €1,824 | €1,571 | -€253 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €11,867 | -€16,640 | -€28,507 | |
| Income taxes | 67/77 | €2,607 | €188 | -€2,419 | -92.8% |
| Profit (loss) for the period | 9904 | €9,260 | -€16,828 | -€26,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,260 | -€16,828 | -€26,088 |
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.