BELLIS: 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.
BELLIS
Largest movements
- Tangible fixed assets +€56,527
up €56,527 (+20.5%), from €275,576 to €332,103
of which Furniture and vehicles: +€72,863
- Cash -€27,182
down €27,182 (-35.9%), from €75,748 to €48,566
mainly Investment in fixed assets (net) (-€118,569) and Current portion of long-term debt (-€14,340)
- Reserves +€15,684
up €15,684 (+11.6%), from €134,857 to €150,540
- Current portion of long-term debt -€14,340
down €14,340 (-14.3%), from €100,218 to €85,878
- Tax, wage and social debts +€10,614
up €10,614 (+52.9%), from €20,065 to €30,678
of which Taxes: +€5,644
- Other debts +€9,202
up €9,202 (+350.8%), from €2,623 to €11,826
- Debts after one year +€9,008
up €9,008 (+6.1%), from €147,586 to €156,594
- Depreciation +€12,172
up €12,172 (+24.4%), from €49,870 to €62,042
- Staff costs +€6,017
up €6,017 (+9.1%), from €66,055 to €72,072
- Taxes -€4,931
down €4,931 (-38.9%), from €12,668 to €7,738
- Financial charges -€3,048
down €3,048 (-15.0%), from €20,360 to €17,312
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 | €427,845 | €462,024 | +€34,179 | +8.0% |
| Fixed assets | 21/28 | €280,576 | €337,103 | +€56,527 | +20.1% |
| Tangible fixed assets | 22/27 | €275,576 | €332,103 | +€56,527 | +20.5% |
| Land and buildings | 22 | €237,369 | €227,719 | -€9,650 | -4.1% |
| Plant, machinery and equipment | 23 | €30,500 | €23,814 | -€6,686 | -21.9% |
| Furniture and vehicles | 24 | €7,707 | €80,570 | +€72,863 | +945.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €147,268 | €124,920 | -€22,348 | -15.2% |
| Stocks and contracts in progress | 3 | €66,693 | €70,646 | +€3,953 | +5.9% |
| Stocks | 30/36 | €66,693 | €70,646 | +€3,953 | +5.9% |
| Amounts receivable within one year | 40/41 | €4,827 | €3,437 | -€1,390 | -28.8% |
| Trade receivables | 40 | €4,734 | €3,262 | -€1,472 | -31.1% |
| Other amounts receivable | 41 | €93 | €176 | +€82 | +88.0% |
| Cash at bank and in hand | 54/58 | €75,748 | €48,566 | -€27,182 | -35.9% |
| Deferred charges and accrued income | 490/1 | - | €2,271 | +€2,271 | |
| Total equity and liabilities | 10/49 | €427,845 | €462,024 | +€34,179 | +8.0% |
| Equity | 10/15 | €153,457 | €169,140 | +€15,684 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,857 | €150,540 | +€15,684 | +11.6% |
| Distributable reserves | 133 | €134,857 | €150,540 | +€15,684 | +11.6% |
| Amounts payable | 17/49 | €274,388 | €292,883 | +€18,496 | +6.7% |
| Amounts payable after more than one year | 17 | €147,586 | €156,594 | +€9,008 | +6.1% |
| Financial debts | 170/4 | €147,586 | €156,594 | +€9,008 | +6.1% |
| Amounts payable within one year | 42/48 | €126,802 | €136,289 | +€9,487 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €100,218 | €85,878 | -€14,340 | -14.3% |
| Trade debts | 44 | €3,896 | €7,907 | +€4,011 | +102.9% |
| Suppliers | 440/4 | €3,896 | €7,907 | +€4,011 | +102.9% |
| Taxes, remuneration and social security | 45 | €20,065 | €30,678 | +€10,614 | +52.9% |
| Taxes | 450/3 | €20,065 | €25,709 | +€5,644 | +28.1% |
| Remuneration and social security | 454/9 | - | €4,970 | +€4,970 | |
| Other amounts payable | 47/48 | €2,623 | €11,826 | +€9,202 | +350.8% |
| Non-recurring operating income | 76A | - | €6,198 | +€6,198 | |
| Remuneration, social security and pensions | 62 | €66,055 | €72,072 | +€6,017 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,870 | €62,042 | +€12,172 | +24.4% |
| Other operating charges | 640/8 | €4,278 | €4,417 | +€138 | +3.2% |
| Gross operating margin | 9900 | €178,365 | €177,401 | -€963 | -0.5% |
| Operating profit (loss) | 9901 | €58,162 | €38,871 | -€19,291 | -33.2% |
| Financial income | 75/76B | €1,007 | €1,861 | +€854 | +84.8% |
| Recurring financial income | 75 | €1,007 | €1,861 | +€854 | +84.8% |
| Financial charges | 65/66B | €20,360 | €17,312 | -€3,048 | -15.0% |
| Recurring financial charges | 65 | €20,360 | €17,312 | -€3,048 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €38,810 | €23,421 | -€15,389 | -39.7% |
| Income taxes | 67/77 | €12,668 | €7,738 | -€4,931 | -38.9% |
| Profit (loss) for the period | 9904 | €26,141 | €15,684 | -€10,458 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,141 | €15,684 | -€10,458 | -40.0% |
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 10 October 2026 via checked.be.