Bellog: 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.
Bellog
Largest movements
- Tangible fixed assets -€15,150
down €15,150 (-92.5%), from €16,385 to €1,235
- Stocks and contracts +€4,255
new in 2025: €4,255
- Cash -€3,238
down €3,238 (-59.6%), from €5,429 to €2,191
mainly Net result for the year (-€14,911) and Stocks and contracts (-€4,255)
- Receivables within one year -€646
down €646 (-24.1%), from €2,679 to €2,033
- Profit (loss) carried forward -€14,911
down €14,911 (-63.5%), from €23,472 to €8,561
- Other debts -€945
down €945 (-63.7%), from €1,482 to €538
- Tax, wage and social debts +€910
up €910 (+14.1%), from €6,453 to €7,363
of which Taxes: +€832
- Gross operating margin -€33,304
down €33,304, from €32,135 to -€1,169
- Other operating charges +€11,659
up €11,659 (+2891.5%), from €403 to €12,062
- Taxes -€6,226
no longer reported in 2025 (was €6,226)
- Depreciation -€1,366
down €1,366 (-68.0%), from €2,008 to €642
- Staff costs +€979
new in 2025: €979
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 | €33,493 | €18,714 | -€14,779 | -44.1% |
| Fixed assets | 21/28 | €25,385 | €10,235 | -€15,150 | -59.7% |
| Tangible fixed assets | 22/27 | €16,385 | €1,235 | -€15,150 | -92.5% |
| Furniture and vehicles | 24 | €16,385 | €1,235 | -€15,150 | -92.5% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €8,108 | €8,479 | +€371 | +4.6% |
| Stocks and contracts in progress | 3 | - | €4,255 | +€4,255 | |
| Stocks | 30/36 | - | €4,255 | +€4,255 | |
| Amounts receivable within one year | 40/41 | €2,679 | €2,033 | -€646 | -24.1% |
| Trade receivables | 40 | €2,679 | €2,033 | -€646 | -24.1% |
| Cash at bank and in hand | 54/58 | €5,429 | €2,191 | -€3,238 | -59.6% |
| Total equity and liabilities | 10/49 | €33,493 | €18,714 | -€14,779 | -44.1% |
| Equity | 10/15 | €25,472 | €10,561 | -€14,911 | -58.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,472 | €8,561 | -€14,911 | -63.5% |
| Amounts payable | 17/49 | €8,021 | €8,153 | +€132 | +1.6% |
| Amounts payable within one year | 42/48 | €8,021 | €8,153 | +€132 | +1.6% |
| Trade debts | 44 | €85 | €252 | +€167 | +195.8% |
| Suppliers | 440/4 | €85 | €252 | +€167 | +195.8% |
| Taxes, remuneration and social security | 45 | €6,453 | €7,363 | +€910 | +14.1% |
| Taxes | 450/3 | €6,453 | €7,285 | +€832 | +12.9% |
| Remuneration and social security | 454/9 | - | €78 | +€78 | |
| Other amounts payable | 47/48 | €1,482 | €538 | -€945 | -63.7% |
| Remuneration, social security and pensions | 62 | - | €979 | +€979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,008 | €642 | -€1,366 | -68.0% |
| Other operating charges | 640/8 | €403 | €12,062 | +€11,659 | +2891.5% |
| Gross operating margin | 9900 | €32,135 | -€1,169 | -€33,304 | |
| Operating profit (loss) | 9901 | €29,724 | -€14,852 | -€44,575 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €28 | €59 | +€31 | +111.9% |
| Recurring financial charges | 65 | €28 | €59 | +€31 | +111.9% |
| Profit (loss) for the period before taxes | 9903 | €29,698 | -€14,911 | -€44,609 | |
| Income taxes | 67/77 | €6,226 | - | -€6,226 | |
| Profit (loss) for the period | 9904 | €23,472 | -€14,911 | -€38,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,472 | -€14,911 | -€38,383 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.