BELLO: what changed
Two fiscal 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.
BELLO
Largest movements
- Current investments +€20,000
new in 2025: €20,000
- Cash -€12,426
down €12,426 (-98.9%), from €12,570 to €144
mainly Current investments (-€20,000) and Deferred charges and accrued income (-€3,600)
- Tangible fixed assets -€9,244
down €9,244 (-9.4%), from €98,860 to €89,616
- Deferred charges and accrued income +€3,600
new in 2025: €3,600
- Reserves +€1,168
up €1,168 (+2.6%), from €44,896 to €46,063
- Gross operating margin -€1,021
down €1,021 (-6.4%), from €15,898 to €14,877
- Depreciation -€412
down €412 (-4.3%), from €9,656 to €9,244
- Financial income +€316
up €316 (+1118.6%), from €28 to €345
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 | €112,949 | €114,074 | +€1,124 | +1.0% |
| Fixed assets | 21/28 | €98,860 | €89,616 | -€9,244 | -9.4% |
| Tangible fixed assets | 22/27 | €98,860 | €89,616 | -€9,244 | -9.4% |
| Land and buildings | 22 | €98,860 | €89,616 | -€9,244 | -9.4% |
| Current assets | 29/58 | €14,089 | €24,458 | +€10,369 | +73.6% |
| Amounts receivable within one year | 40/41 | €1,519 | €714 | -€805 | -53.0% |
| Other amounts receivable | 41 | €1,519 | €714 | -€805 | -53.0% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €12,570 | €144 | -€12,426 | -98.9% |
| Deferred charges and accrued income | 490/1 | - | €3,600 | +€3,600 | |
| Total equity and liabilities | 10/49 | €112,949 | €114,074 | +€1,124 | +1.0% |
| Equity | 10/15 | €75,882 | €77,050 | +€1,168 | +1.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €44,896 | €46,063 | +€1,168 | +2.6% |
| Distributable reserves | 133 | €44,896 | €46,063 | +€1,168 | +2.6% |
| Amounts payable | 17/49 | €37,067 | €37,024 | -€43 | -0.1% |
| Amounts payable within one year | 42/48 | €35,270 | €35,257 | -€13 | 0.0% |
| Taxes, remuneration and social security | 45 | €770 | €757 | -€13 | -1.7% |
| Taxes | 450/3 | €770 | €757 | -€13 | -1.7% |
| Other amounts payable | 47/48 | €34,500 | €34,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,797 | €1,767 | -€30 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,656 | €9,244 | -€412 | -4.3% |
| Other operating charges | 640/8 | €1,721 | €1,873 | +€152 | +8.8% |
| Gross operating margin | 9900 | €15,898 | €14,877 | -€1,021 | -6.4% |
| Operating profit (loss) | 9901 | €4,521 | €3,760 | -€761 | -16.8% |
| Financial income | 75/76B | €28 | €345 | +€316 | +1118.6% |
| Recurring financial income | 75 | €28 | €345 | +€316 | +1118.6% |
| Financial charges | 65/66B | €2,591 | €2,548 | -€43 | -1.7% |
| Recurring financial charges | 65 | €2,591 | €2,548 | -€43 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €1,958 | €1,557 | -€401 | -20.5% |
| Income taxes | 67/77 | €490 | €389 | -€100 | -20.5% |
| Profit (loss) for the period | 9904 | €1,469 | €1,168 | -€301 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,469 | €1,168 | -€301 | -20.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.