BELLMAGIO: 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.
BELLMAGIO
Largest movements
- Receivables within one year +€41,434
up €41,434 (+68.8%), from €60,268 to €101,702
of which Trade receivables: +€55,328
- Cash +€23,755
up €23,755 (+330%), from €7,202 to €30,956
mainly Trade debts (+€50,217) and Deferred charges and accrued income (+€16,028)
- Deferred charges and accrued income -€16,028
no longer reported in 2025 (was €16,028)
- Trade debts +€50,217
up €50,217 (+130%), from €38,526 to €88,743
of which Suppliers: +€84,990
- Tax, wage and social debts -€5,030
down €5,030 (-33.6%), from €14,985 to €9,954
of which Remuneration and social security: -€4,879
- Profit (loss) carried forward +€2,074
up €2,074 (+8.0%), from €26,085 to €28,159
- Turnover +€10,907
up €10,907 (+4.3%), from €252,791 to €263,698
- Taxes +€5,657
new in 2025: €5,657
- Purchases and services +€4,628
up €4,628 (+1.8%), from €252,307 to €256,935
- Financial charges +€3,291
up €3,291 (+172%), from €1,911 to €5,202
of which Non-recurring financial charges: +€1,891
- Gross operating margin +€3,222
up €3,222 (+19.8%), from €16,239 to €19,461
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 | €99,285 | €147,150 | +€47,865 | +48.2% |
| Fixed assets | 21/28 | €15,788 | €14,492 | -€1,296 | -8.2% |
| Tangible fixed assets | 22/27 | €3,263 | €1,967 | -€1,296 | -39.7% |
| Plant, machinery and equipment | 23 | €3,050 | €1,967 | -€1,083 | -35.5% |
| Furniture and vehicles | 24 | €213 | - | -€213 | |
| Financial fixed assets | 28 | €12,525 | €12,525 | = | 0.0% |
| Current assets | 29/58 | €83,497 | €132,658 | +€49,161 | +58.9% |
| Amounts receivable within one year | 40/41 | €60,268 | €101,702 | +€41,434 | +68.8% |
| Trade receivables | 40 | €46,374 | €101,702 | +€55,328 | +119% |
| Other amounts receivable | 41 | €13,894 | - | -€13,894 | |
| Cash at bank and in hand | 54/58 | €7,202 | €30,956 | +€23,755 | +330% |
| Deferred charges and accrued income | 490/1 | €16,028 | - | -€16,028 | |
| Total equity and liabilities | 10/49 | €99,285 | €147,150 | +€47,865 | +48.2% |
| Equity | 10/15 | €45,775 | €47,849 | +€2,074 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,090 | €1,090 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,090 | €1,090 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,090 | €1,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,085 | €28,159 | +€2,074 | +8.0% |
| Amounts payable | 17/49 | €53,511 | €99,301 | +€45,790 | +85.6% |
| Amounts payable within one year | 42/48 | €53,511 | €99,301 | +€45,790 | +85.6% |
| Trade debts | 44 | €38,526 | €88,743 | +€50,217 | +130% |
| Suppliers | 440/4 | €3,753 | €88,743 | +€84,990 | +2,264% |
| Bills of exchange payable | 441 | €34,773 | - | -€34,773 | |
| Taxes, remuneration and social security | 45 | €14,985 | €9,954 | -€5,030 | -33.6% |
| Taxes | 450/3 | €8,985 | €8,834 | -€151 | -1.7% |
| Remuneration and social security | 454/9 | €6,000 | €1,121 | -€4,879 | -81.3% |
| Other amounts payable | 47/48 | - | €603 | +€603 | |
| Turnover | 70 | €252,791 | €263,698 | +€10,907 | +4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €252,307 | €256,935 | +€4,628 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,784 | €1,296 | -€487 | -27.3% |
| Other operating charges | 640/8 | €2,143 | €5,265 | +€3,122 | +146% |
| Gross operating margin | 9900 | €16,239 | €19,461 | +€3,222 | +19.8% |
| Operating profit (loss) | 9901 | €12,312 | €12,900 | +€588 | +4.8% |
| Financial income | 75/76B | €0 | €33 | +€33 | +10,006% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +10,006% |
| Financial charges | 65/66B | €1,911 | €5,202 | +€3,291 | +172% |
| Recurring financial charges | 65 | €1,911 | €3,311 | +€1,400 | +73.3% |
| Non-recurring financial charges | 66B | - | €1,891 | +€1,891 | |
| Profit (loss) for the period before taxes | 9903 | €10,402 | €7,732 | -€2,670 | -25.7% |
| Income taxes | 67/77 | - | €5,657 | +€5,657 | |
| Profit (loss) for the period | 9904 | €10,402 | €2,074 | -€8,327 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,402 | €2,074 | -€8,327 | -80.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.