Bellingua: 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.
Bellingua
Largest movements
- Cash +€29,831
up €29,831 (+1,686%), from €1,769 to €31,600
mainly Depreciation (+€30,663) and Receivables within one year (+€19,449)
- Tangible fixed assets -€27,884
down €27,884 (-9.1%), from €306,554 to €278,670
of which Land and buildings: -€19,606
- Receivables within one year -€19,449
down €19,449 (-23.8%), from €81,725 to €62,276
of which Trade receivables: -€19,474
- Deferred charges and accrued income -€5,800
down €5,800 (-65.4%), from €8,864 to €3,064
- Debts after one year -€17,822
down €17,822 (-7.0%), from €255,386 to €237,564
- Other debts -€16,794
down €16,794 (-49.3%), from €34,093 to €17,299
- Tax, wage and social debts +€12,406
up €12,406 (+44.6%), from €27,805 to €40,212
of which Remuneration and social security: +€15,033
- Profit (loss) carried forward -€10,841
down €10,841 (-37.6%), from -€28,862 to -€39,704
- Short-term financial debts +€4,266
up €4,266 (+6.4%), from €66,472 to €70,738
- Gross operating margin +€37,433
up €37,433 (+27.8%), from €134,818 to €172,251
- Staff costs +€22,218
up €22,218 (+21.0%), from €105,771 to €127,989
- Other operating charges +€4,083
up €4,083 (+119%), from €3,427 to €7,510
- Depreciation -€3,419
down €3,419 (-10.0%), from €34,083 to €30,663
- Financial charges +€1,948
up €1,948 (+13.2%), from €14,759 to €16,707
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 | €398,912 | €375,610 | -€23,303 | -5.8% |
| Fixed assets | 21/28 | €306,554 | €278,670 | -€27,884 | -9.1% |
| Tangible fixed assets | 22/27 | €306,554 | €278,670 | -€27,884 | -9.1% |
| Land and buildings | 22 | €273,166 | €253,560 | -€19,606 | -7.2% |
| Plant, machinery and equipment | 23 | €1,974 | €1,545 | -€430 | -21.8% |
| Furniture and vehicles | 24 | €31,413 | €23,565 | -€7,849 | -25.0% |
| Current assets | 29/58 | €92,358 | €96,940 | +€4,582 | +5.0% |
| Amounts receivable within one year | 40/41 | €81,725 | €62,276 | -€19,449 | -23.8% |
| Trade receivables | 40 | €76,740 | €57,265 | -€19,474 | -25.4% |
| Other amounts receivable | 41 | €4,985 | €5,010 | +€25 | +0.5% |
| Cash at bank and in hand | 54/58 | €1,769 | €31,600 | +€29,831 | +1,686% |
| Deferred charges and accrued income | 490/1 | €8,864 | €3,064 | -€5,800 | -65.4% |
| Total equity and liabilities | 10/49 | €398,912 | €375,610 | -€23,303 | -5.8% |
| Equity | 10/15 | -€10,262 | -€21,104 | -€10,841 | -106% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,862 | -€39,704 | -€10,841 | -37.6% |
| Amounts payable | 17/49 | €409,175 | €396,713 | -€12,461 | -3.0% |
| Amounts payable after more than one year | 17 | €255,386 | €237,564 | -€17,822 | -7.0% |
| Financial debts | 170/4 | €255,386 | €237,564 | -€17,822 | -7.0% |
| Amounts payable within one year | 42/48 | €151,655 | €157,015 | +€5,360 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €17,061 | €17,822 | +€761 | +4.5% |
| Financial debts | 43 | €66,472 | €70,738 | +€4,266 | +6.4% |
| Credit institutions | 430/8 | €66,472 | €70,738 | +€4,266 | +6.4% |
| Trade debts | 44 | €5,129 | €8,799 | +€3,670 | +71.6% |
| Suppliers | 440/4 | €5,129 | €8,799 | +€3,670 | +71.6% |
| Advances received on contracts in progress | 46 | €1,095 | €2,146 | +€1,051 | +96.0% |
| Taxes, remuneration and social security | 45 | €27,805 | €40,212 | +€12,406 | +44.6% |
| Taxes | 450/3 | €19,014 | €16,388 | -€2,627 | -13.8% |
| Remuneration and social security | 454/9 | €8,791 | €23,824 | +€15,033 | +171% |
| Other amounts payable | 47/48 | €34,093 | €17,299 | -€16,794 | -49.3% |
| Accrued charges and deferred income | 492/3 | €2,134 | €2,134 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,397 | +€1,397 | |
| Remuneration, social security and pensions | 62 | €105,771 | €127,989 | +€22,218 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,083 | €30,663 | -€3,419 | -10.0% |
| Other operating charges | 640/8 | €3,427 | €7,510 | +€4,083 | +119% |
| Gross operating margin | 9900 | €134,818 | €172,251 | +€37,433 | +27.8% |
| Operating profit (loss) | 9901 | -€8,463 | €6,089 | +€14,551 | |
| Financial income | 75/76B | €10 | €212 | +€202 | +1,967% |
| Recurring financial income | 75 | €10 | €212 | +€202 | +1,967% |
| Financial charges | 65/66B | €14,759 | €16,707 | +€1,948 | +13.2% |
| Recurring financial charges | 65 | €14,759 | €16,707 | +€1,948 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,212 | -€10,407 | +€12,805 | +55.2% |
| Income taxes | 67/77 | €552 | €435 | -€117 | -21.2% |
| Profit (loss) for the period | 9904 | -€23,763 | -€10,841 | +€12,922 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,763 | -€10,841 | +€12,922 | +54.4% |
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 20 October 2026 via checked.be.