BELLOCK: 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.
BELLOCK
Largest movements
- Receivables within one year +€10,112
up €10,112 (+11.3%), from €89,689 to €99,801
of which Other amounts receivable: +€5,837
- Cash -€8,500
down €8,500 (-63.2%), from €13,445 to €4,945
mainly Trade debts (-€21,488) and Receivables within one year (-€10,112)
- Stocks and contracts +€5,552
up €5,552 (+213%), from €2,611 to €8,164
- Tangible fixed assets -€5,236
down €5,236 (-34.4%), from €15,236 to €9,999
- Other debts +€36,489
up €36,489 (+60.8%), from €59,970 to €96,460
- Trade debts -€21,488
down €21,488 (-53.2%), from €40,419 to €18,930
- Tax, wage and social debts -€7,260
down €7,260 (-78.2%), from €9,286 to €2,026
of which Remuneration and social security: -€4,117
- Debts after one year -€4,338
down €4,338 (-47.3%), from €9,169 to €4,831
- Profit (loss) carried forward -€3,203
down €3,203 (-55.4%), from -€5,780 to -€8,983
- Staff costs -€16,370
down €16,370 (-40.5%), from €40,437 to €24,067
- Financial income +€6,446
up €6,446 (+5,509%), from €117 to €6,563
- Gross operating margin -€2,511
down €2,511 (-8.3%), from €30,326 to €27,815
- Other operating charges +€1,376
up €1,376 (+33.2%), from €4,146 to €5,521
- Financial charges +€849
up €849 (+49.9%), from €1,699 to €2,548
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 | €123,398 | €124,159 | +€761 | +0.6% |
| Fixed assets | 21/28 | €15,236 | €9,999 | -€5,236 | -34.4% |
| Tangible fixed assets | 22/27 | €15,236 | €9,999 | -€5,236 | -34.4% |
| Leasing and similar rights | 25 | €15,236 | €9,999 | -€5,236 | -34.4% |
| Current assets | 29/58 | €108,163 | €114,160 | +€5,997 | +5.5% |
| Stocks and contracts in progress | 3 | €2,611 | €8,164 | +€5,552 | +213% |
| Stocks | 30/36 | €2,611 | €8,164 | +€5,552 | +213% |
| Amounts receivable within one year | 40/41 | €89,689 | €99,801 | +€10,112 | +11.3% |
| Trade receivables | 40 | €88,910 | €93,185 | +€4,275 | +4.8% |
| Other amounts receivable | 41 | €779 | €6,616 | +€5,837 | +749% |
| Cash at bank and in hand | 54/58 | €13,445 | €4,945 | -€8,500 | -63.2% |
| Deferred charges and accrued income | 490/1 | €2,417 | €1,250 | -€1,167 | -48.3% |
| Total equity and liabilities | 10/49 | €123,398 | €124,159 | +€761 | +0.6% |
| Equity | 10/15 | €425 | -€2,778 | -€3,203 | |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€5,780 | -€8,983 | -€3,203 | -55.4% |
| Amounts payable | 17/49 | €122,973 | €126,937 | +€3,964 | +3.2% |
| Amounts payable after more than one year | 17 | €9,169 | €4,831 | -€4,338 | -47.3% |
| Financial debts | 170/4 | €9,169 | €4,831 | -€4,338 | -47.3% |
| Amounts payable within one year | 42/48 | €113,804 | €122,106 | +€8,302 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €4,129 | €4,690 | +€562 | +13.6% |
| Trade debts | 44 | €40,419 | €18,930 | -€21,488 | -53.2% |
| Suppliers | 440/4 | €40,419 | €18,930 | -€21,488 | -53.2% |
| Taxes, remuneration and social security | 45 | €9,286 | €2,026 | -€7,260 | -78.2% |
| Taxes | 450/3 | €3,556 | €412 | -€3,144 | -88.4% |
| Remuneration and social security | 454/9 | €5,730 | €1,614 | -€4,117 | -71.8% |
| Other amounts payable | 47/48 | €59,970 | €96,460 | +€36,489 | +60.8% |
| Remuneration, social security and pensions | 62 | €40,437 | €24,067 | -€16,370 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,236 | €5,236 | = | 0.0% |
| Other operating charges | 640/8 | €4,146 | €5,521 | +€1,376 | +33.2% |
| Gross operating margin | 9900 | €30,326 | €27,815 | -€2,511 | -8.3% |
| Operating profit (loss) | 9901 | -€19,493 | -€7,009 | +€12,484 | +64.0% |
| Financial income | 75/76B | €117 | €6,563 | +€6,446 | +5,509% |
| Recurring financial income | 75 | €117 | €6,563 | +€6,446 | +5,509% |
| Financial charges | 65/66B | €1,699 | €2,548 | +€849 | +49.9% |
| Recurring financial charges | 65 | €1,699 | €2,548 | +€849 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,075 | -€2,994 | +€18,082 | +85.8% |
| Income taxes | 67/77 | €203 | €209 | +€6 | +3.1% |
| Profit (loss) for the period | 9904 | -€21,278 | -€3,203 | +€18,075 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,278 | -€3,203 | +€18,075 | +84.9% |
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.