Bellini Clinic: what changed
What changed
Bellini Clinic
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
filed annual accounts (NBB)
Net result for the year
€1,729
2024 · €66,941-€65,212
Equity
€9,569
2024 · €55,840-€46,271
Cash
€5,100
2024 · €68,206-€63,105
Balance sheet total
€486,442
2024 · €168,260+€318,182
Largest movements
Assets
- Tangible fixed assets +€354,744
up €354,744 (+901%), from €39,363 to €394,107
of which Land and buildings: +€178,824
- Cash -€63,105
down €63,105 (-92.5%), from €68,206 to €5,100
mainly Investment in fixed assets (net) (-€373,936) and Contributions, distributions and other (-€48,000)
- Receivables within one year +€43,800
up €43,800 (+2,306%), from €1,899 to €45,700
of which Trade receivables: +€43,432
- Stocks and contracts -€18,216
down €18,216 (-40.3%), from €45,209 to €26,992
Equity and liabilities
- Debts after one year +€322,148
new in 2025: €322,148
- Reserves -€46,271
down €46,271 (-92.8%), from €49,840 to €3,569
- Accrued charges and deferred income +€34,923
new in 2025: €34,923
- Current portion of long-term debt +€16,599
new in 2025: €16,599
- Tax, wage and social debts -€11,225
down €11,225 (-33.7%), from €33,352 to €22,126
Income statement
- Gross operating margin -€68,063
down €68,063 (-68.4%), from €99,494 to €31,432
- Taxes -€17,518
down €17,518 (-99.3%), from €17,650 to €132
- Depreciation +€9,393
up €9,393 (+72.5%), from €12,949 to €22,342
- Financial charges +€5,356
up €5,356 (+490%), from €1,094 to €6,449
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€66,941
Gross operating margin
-€68,063
Depreciation
-€9,393
Other operating charges
-€342
Other operating items
+€339
Financial income
+€85
Financial charges
-€5,356
Taxes
+€17,518
Result 2025
€1,729
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€20,084
Investment
-€373,936
Financing
+€290,747
Cash 2024
€68,206
From operations (derived)
+€20,084
Net result for the year
+€1,729
Depreciation
+€22,342
Stocks and contracts
+€18,216
Receivables within one year
-€43,800
Deferred charges and accrued income
-€4,110
Trade debts
+€2,488
Tax, wage and social debts
-€11,225
Other debts
-€479
Accrued charges and deferred income
+€34,923
Investment (derived)
-€373,936
Investment in fixed assets (net)
-€373,936
Financing
+€290,747
Debts after one year
+€322,148
Current portion of long-term debt
+€16,599
Contributions, distributions and other
-€48,000
Cash 2025
€5,100
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,260 | €486,442 | +€318,182 | +189% |
| Fixed assets | 21/28 | €42,513 | €394,107 | +€351,594 | +827% |
| Tangible fixed assets | 22/27 | €39,363 | €394,107 | +€354,744 | +901% |
| Land and buildings | 22 | €2,892 | €181,717 | +€178,824 | +6,183% |
| Plant, machinery and equipment | 23 | €14,036 | €41,286 | +€27,250 | +194% |
| Furniture and vehicles | 24 | €22,434 | €14,733 | -€7,701 | -34.3% |
| Other tangible fixed assets | 26 | - | €156,371 | +€156,371 | |
| Financial fixed assets | 28 | €3,150 | €0 | -€3,150 | -100% |
| Current assets | 29/58 | €125,747 | €92,335 | -€33,412 | -26.6% |
| Stocks and contracts in progress | 3 | €45,209 | €26,992 | -€18,216 | -40.3% |
| Stocks | 30/36 | €45,209 | €26,992 | -€18,216 | -40.3% |
| Amounts receivable within one year | 40/41 | €1,899 | €45,700 | +€43,800 | +2,306% |
| Trade receivables | 40 | €1,899 | €45,332 | +€43,432 | +2,287% |
| Other amounts receivable | 41 | - | €368 | +€368 | |
| Cash at bank and in hand | 54/58 | €68,206 | €5,100 | -€63,105 | -92.5% |
| Deferred charges and accrued income | 490/1 | €10,433 | €14,542 | +€4,110 | +39.4% |
| Total equity and liabilities | 10/49 | €168,260 | €486,442 | +€318,182 | +189% |
| Equity | 10/15 | €55,840 | €9,569 | -€46,271 | -82.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €49,840 | €3,569 | -€46,271 | -92.8% |
| Distributable reserves | 133 | €49,840 | €3,569 | -€46,271 | -92.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €112,420 | €476,874 | +€364,453 | +324% |
| Amounts payable after more than one year | 17 | - | €322,148 | +€322,148 | |
| Financial debts | 170/4 | - | €322,148 | +€322,148 | |
| Amounts payable within one year | 42/48 | €112,420 | €119,802 | +€7,382 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | - | €16,599 | +€16,599 | |
| Trade debts | 44 | €3,483 | €5,970 | +€2,488 | +71.4% |
| Suppliers | 440/4 | €3,483 | €5,970 | +€2,488 | +71.4% |
| Taxes, remuneration and social security | 45 | €33,352 | €22,126 | -€11,225 | -33.7% |
| Taxes | 450/3 | €33,352 | €22,126 | -€11,225 | -33.7% |
| Other amounts payable | 47/48 | €75,586 | €75,107 | -€479 | -0.6% |
| Accrued charges and deferred income | 492/3 | - | €34,923 | +€34,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,949 | €22,342 | +€9,393 | +72.5% |
| Other operating charges | 640/8 | €451 | €793 | +€342 | +75.8% |
| Non-recurring operating charges | 66A | €412 | €73 | -€339 | -82.3% |
| Gross operating margin | 9900 | €99,494 | €31,432 | -€68,063 | -68.4% |
| Operating profit (loss) | 9901 | €85,682 | €8,223 | -€77,459 | -90.4% |
| Financial income | 75/76B | €2 | €87 | +€85 | +3,765% |
| Recurring financial income | 75 | €2 | €87 | +€85 | +3,765% |
| Financial charges | 65/66B | €1,094 | €6,449 | +€5,356 | +490% |
| Recurring financial charges | 65 | €1,094 | €6,449 | +€5,356 | +490% |
| Profit (loss) for the period before taxes | 9903 | €84,591 | €1,861 | -€82,730 | -97.8% |
| Income taxes | 67/77 | €17,650 | €132 | -€17,518 | -99.3% |
| Profit (loss) for the period | 9904 | €66,941 | €1,729 | -€65,212 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,941 | €1,729 | -€65,212 | -97.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.