BELLO MONDO: 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.
BELLO MONDO
Largest movements
- Receivables within one year +€10,998
up €10,998 (+27.2%), from €40,445 to €51,443
of which Other amounts receivable: +€9,404
- Stocks and contracts +€6,576
up €6,576 (+21.2%), from €31,062 to €37,638
- Other debts -€59,118
down €59,118 (-66.4%), from €89,000 to €29,882
- Debts after one year +€39,342
up €39,342 (+58.9%), from €66,803 to €106,145
of which Other amounts payable: +€55,000
- Profit (loss) carried forward +€35,185
up €35,185, from -€31,314 to €3,871
- Accrued charges and deferred income -€29,982
down €29,982 (-91.7%), from €32,682 to €2,700
- Trade debts +€25,935
up €25,935 (+65.9%), from €39,337 to €65,272
- Gross operating margin +€17,149
up €17,149 (+21.4%), from €80,053 to €97,202
- Financial charges +€6,960
up €6,960 (+106%), from €6,573 to €13,533
- Taxes +€3,059
up €3,059 (+992%), from €308 to €3,367
- Staff costs -€2,760
down €2,760 (-6.1%), from €45,606 to €42,846
- Other operating charges -€1,803
down €1,803 (-60.8%), from €2,964 to €1,161
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 | €343,498 | €364,481 | +€20,983 | +6.1% |
| Fixed assets | 21/28 | €250,680 | €250,600 | -€80 | 0.0% |
| Tangible fixed assets | 22/27 | €80 | €0 | -€80 | -100% |
| Furniture and vehicles | 24 | €80 | €0 | -€80 | -100% |
| Financial fixed assets | 28 | €250,600 | €250,600 | = | 0.0% |
| Current assets | 29/58 | €92,817 | €113,881 | +€21,064 | +22.7% |
| Stocks and contracts in progress | 3 | €31,062 | €37,638 | +€6,576 | +21.2% |
| Stocks | 30/36 | €31,062 | €37,638 | +€6,576 | +21.2% |
| Amounts receivable within one year | 40/41 | €40,445 | €51,443 | +€10,998 | +27.2% |
| Trade receivables | 40 | €30,505 | €32,099 | +€1,593 | +5.2% |
| Other amounts receivable | 41 | €9,940 | €19,344 | +€9,404 | +94.6% |
| Cash at bank and in hand | 54/58 | €19,373 | €22,614 | +€3,241 | +16.7% |
| Deferred charges and accrued income | 490/1 | €1,936 | €2,186 | +€250 | +12.9% |
| Total equity and liabilities | 10/49 | €343,498 | €364,481 | +€20,983 | +6.1% |
| Equity | 10/15 | €89,560 | €124,745 | +€35,185 | +39.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,274 | €102,274 | = | 0.0% |
| Distributable reserves | 133 | €102,274 | €102,274 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,314 | €3,871 | +€35,185 | |
| Amounts payable | 17/49 | €253,938 | €239,736 | -€14,202 | -5.6% |
| Amounts payable after more than one year | 17 | €66,803 | €106,145 | +€39,342 | +58.9% |
| Financial debts | 170/4 | €66,803 | €51,145 | -€15,658 | -23.4% |
| Other amounts payable | 178/9 | - | €55,000 | +€55,000 | |
| Amounts payable within one year | 42/48 | €154,452 | €130,891 | -€23,562 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €15,011 | €15,658 | +€647 | +4.3% |
| Trade debts | 44 | €39,337 | €65,272 | +€25,935 | +65.9% |
| Suppliers | 440/4 | €39,337 | €65,272 | +€25,935 | +65.9% |
| Taxes, remuneration and social security | 45 | €11,104 | €20,078 | +€8,974 | +80.8% |
| Taxes | 450/3 | €7,216 | €15,126 | +€7,910 | +110% |
| Remuneration and social security | 454/9 | €3,889 | €4,952 | +€1,063 | +27.3% |
| Other amounts payable | 47/48 | €89,000 | €29,882 | -€59,118 | -66.4% |
| Accrued charges and deferred income | 492/3 | €32,682 | €2,700 | -€29,982 | -91.7% |
| Remuneration, social security and pensions | 62 | €45,606 | €42,846 | -€2,760 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230 | €80 | -€150 | -65.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,134 | +€1,134 | |
| Other operating charges | 640/8 | €2,964 | €1,161 | -€1,803 | -60.8% |
| Gross operating margin | 9900 | €80,053 | €97,202 | +€17,149 | +21.4% |
| Operating profit (loss) | 9901 | €31,253 | €51,980 | +€20,728 | +66.3% |
| Financial income | 75/76B | €0 | €105 | +€105 | +1,053,800% |
| Recurring financial income | 75 | €0 | €105 | +€105 | +1,053,800% |
| Financial charges | 65/66B | €6,573 | €13,533 | +€6,960 | +106% |
| Recurring financial charges | 65 | €6,573 | €13,533 | +€6,960 | +106% |
| Profit (loss) for the period before taxes | 9903 | €24,679 | €38,552 | +€13,873 | +56.2% |
| Income taxes | 67/77 | €308 | €3,367 | +€3,059 | +992% |
| Profit (loss) for the period | 9904 | €24,371 | €35,185 | +€10,814 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,371 | €35,185 | +€10,814 | +44.4% |
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 22 October 2026 via checked.be.