BELLO CORPO: what changed
BELLO CORPO
Largest movements
- Stocks and contracts +€15,948
up €15,948 (+19.4%), from €82,096 to €98,044
- Tangible fixed assets -€4,935
down €4,935 (-78.3%), from €6,300 to €1,365
- Cash -€2,847
down €2,847 (-52.9%), from €5,380 to €2,533
mainly Stocks and contracts (-€15,948) and Debts after one year (-€12,310)
- Debts after one year -€12,310
down €12,310 (-79.9%), from €15,416 to €3,106
- Trade debts +€10,323
up €10,323 (+151%), from €6,820 to €17,143
- Reserves +€8,008
up €8,008 (+35.5%), from €22,560 to €30,568
of which Distributable reserves: +€9,868
- Tax, wage and social debts +€6,852
up €6,852 (+48.3%), from €14,182 to €21,034
of which Remuneration and social security: +€5,654
- Other debts -€4,032
no longer reported in 2025 (was €4,032)
- Taxes -€4,809
down €4,809 (-38.6%), from €12,446 to €7,637
- Gross operating margin -€3,108
down €3,108 (-11.4%), from €27,377 to €24,269
- Financial charges -€555
down €555 (-21.6%), from €2,566 to €2,011
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,807 | €102,828 | +€9,020 | +9.6% |
| Fixed assets | 21/28 | €6,300 | €1,365 | -€4,935 | -78.3% |
| Tangible fixed assets | 22/27 | €6,300 | €1,365 | -€4,935 | -78.3% |
| Land and buildings | 22 | €6,300 | €1,365 | -€4,935 | -78.3% |
| Current assets | 29/58 | €87,508 | €101,463 | +€13,955 | +15.9% |
| Stocks and contracts in progress | 3 | €82,096 | €98,044 | +€15,948 | +19.4% |
| Stocks | 30/36 | €82,096 | €98,044 | +€15,948 | +19.4% |
| Amounts receivable within one year | 40/41 | €32 | - | -€32 | |
| Other amounts receivable | 41 | €32 | - | -€32 | |
| Cash at bank and in hand | 54/58 | €5,380 | €2,533 | -€2,847 | -52.9% |
| Deferred charges and accrued income | 490/1 | - | €886 | +€886 | |
| Total equity and liabilities | 10/49 | €93,807 | €102,828 | +€9,020 | +9.6% |
| Equity | 10/15 | €41,228 | €49,235 | +€8,008 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,560 | €30,568 | +€8,008 | +35.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €20,700 | €30,568 | +€9,868 | +47.7% |
| Profit (loss) carried forward | 14 | €68 | €68 | = | 0.0% |
| Amounts payable | 17/49 | €52,580 | €53,593 | +€1,013 | +1.9% |
| Amounts payable after more than one year | 17 | €15,416 | €3,106 | -€12,310 | -79.9% |
| Financial debts | 170/4 | €15,416 | €3,106 | -€12,310 | -79.9% |
| Amounts payable within one year | 42/48 | €37,164 | €50,487 | +€13,323 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €12,130 | €12,310 | +€180 | +1.5% |
| Trade debts | 44 | €6,820 | €17,143 | +€10,323 | +151% |
| Suppliers | 440/4 | €6,820 | €17,143 | +€10,323 | +151% |
| Taxes, remuneration and social security | 45 | €14,182 | €21,034 | +€6,852 | +48.3% |
| Taxes | 450/3 | €8,162 | €9,359 | +€1,198 | +14.7% |
| Remuneration and social security | 454/9 | €6,020 | €11,674 | +€5,654 | +93.9% |
| Other amounts payable | 47/48 | €4,032 | - | -€4,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,935 | €4,935 | = | 0.0% |
| Other operating charges | 640/8 | €1,524 | €1,717 | +€193 | +12.7% |
| Gross operating margin | 9900 | €27,377 | €24,269 | -€3,108 | -11.4% |
| Operating profit (loss) | 9901 | €20,918 | €17,617 | -€3,301 | -15.8% |
| Financial income | 75/76B | €15 | €38 | +€23 | +153% |
| Recurring financial income | 75 | €15 | €38 | +€23 | +153% |
| Financial charges | 65/66B | €2,566 | €2,011 | -€555 | -21.6% |
| Recurring financial charges | 65 | €2,566 | €2,011 | -€555 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €18,368 | €15,644 | -€2,724 | -14.8% |
| Income taxes | 67/77 | €12,446 | €7,637 | -€4,809 | -38.6% |
| Profit (loss) for the period | 9904 | €5,922 | €8,008 | +€2,086 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,922 | €8,008 | +€2,086 | +35.2% |
Next steps
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 5 November 2026 via checked.be.