BELLISSIMMO: 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.
BELLISSIMMO
Largest movements
- Cash -€604,198
down €604,198 (-98.0%), from €616,233 to €12,035
mainly Short-term financial debts (-€886,133) and Contributions, distributions and other (-€279,308)
- Current investments -€366,036
down €366,036 (-42.4%), from €864,133 to €498,096
- Short-term financial debts -€886,133
down €886,133 (-88.6%), from €1.0m to €113,867
- Gross operating margin -€608,189
down €608,189 (-62.3%), from €975,489 to €367,300
- Taxes -€164,982
down €164,982 (-63.1%), from €261,352 to €96,369
- Financial charges -€60,885
down €60,885 (-52.8%), from €115,296 to €54,410
- Depreciation -€52,897
down €52,897 (-24.1%), from €219,290 to €166,394
- Financial income +€14,186
up €14,186 (+8.6%), from €164,730 to €178,917
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 | €8,497,916 | €7,504,112 | -€993,804 | -11.7% |
| Fixed assets | 21/28 | €6,964,323 | €6,889,490 | -€74,834 | -1.1% |
| Tangible fixed assets | 22/27 | €6,964,323 | €6,889,490 | -€74,834 | -1.1% |
| Land and buildings | 22 | €6,964,323 | €6,889,490 | -€74,834 | -1.1% |
| Current assets | 29/58 | €1,533,593 | €614,623 | -€918,970 | -59.9% |
| Amounts receivable within one year | 40/41 | €47,469 | €104,491 | +€57,022 | +120% |
| Trade receivables | 40 | €47,469 | €52,987 | +€5,518 | +11.6% |
| Other amounts receivable | 41 | €0 | €51,504 | +€51,504 | |
| Current investments | 50/53 | €864,133 | €498,096 | -€366,036 | -42.4% |
| Cash at bank and in hand | 54/58 | €616,233 | €12,035 | -€604,198 | -98.0% |
| Deferred charges and accrued income | 490/1 | €5,758 | €0 | -€5,758 | -100% |
| Total equity and liabilities | 10/49 | €8,497,916 | €7,504,112 | -€993,804 | -11.7% |
| Equity | 10/15 | €7,210,497 | €7,150,089 | -€60,408 | -0.8% |
| Contributions | 10/11 | €267,460 | €267,460 | = | 0.0% |
| Reserves | 13 | €6,943,037 | €6,882,629 | -€60,408 | -0.9% |
| Tax-exempt reserves | 132 | €37,175 | €37,175 | = | 0.0% |
| Distributable reserves | 133 | €6,905,862 | €6,845,454 | -€60,408 | -0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,287,419 | €354,024 | -€933,396 | -72.5% |
| Amounts payable within one year | 42/48 | €1,287,419 | €354,024 | -€933,396 | -72.5% |
| Financial debts | 43 | €1,000,000 | €113,867 | -€886,133 | -88.6% |
| Other loans | 439 | €1,000,000 | €113,867 | -€886,133 | -88.6% |
| Trade debts | 44 | €13,003 | €263 | -€12,741 | -98.0% |
| Suppliers | 440/4 | €13,003 | €263 | -€12,741 | -98.0% |
| Taxes, remuneration and social security | 45 | €189,010 | €204,186 | +€15,176 | +8.0% |
| Taxes | 450/3 | €185,107 | €204,186 | +€19,079 | +10.3% |
| Remuneration and social security | 454/9 | €3,904 | €0 | -€3,904 | -100% |
| Other amounts payable | 47/48 | €85,406 | €35,708 | -€49,698 | -58.2% |
| Non-recurring operating income | 76A | €570,851 | €0 | -€570,851 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,290 | €166,394 | -€52,897 | -24.1% |
| Other operating charges | 640/8 | €8,257 | €10,144 | +€1,887 | +22.9% |
| Gross operating margin | 9900 | €975,489 | €367,300 | -€608,189 | -62.3% |
| Operating profit (loss) | 9901 | €747,942 | €190,763 | -€557,180 | -74.5% |
| Financial income | 75/76B | €164,730 | €178,917 | +€14,186 | +8.6% |
| Recurring financial income | 75 | €164,730 | €178,917 | +€14,186 | +8.6% |
| Financial charges | 65/66B | €115,296 | €54,410 | -€60,885 | -52.8% |
| Recurring financial charges | 65 | €115,296 | €54,410 | -€60,885 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €797,377 | €315,269 | -€482,108 | -60.5% |
| Income taxes | 67/77 | €261,352 | €96,369 | -€164,982 | -63.1% |
| Profit (loss) for the period | 9904 | €536,025 | €218,900 | -€317,125 | -59.2% |
| Transfer from tax-exempt reserves | 789 | €3,062 | €0 | -€3,062 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €539,087 | €218,900 | -€320,187 | -59.4% |
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 14 October 2026 via checked.be.