BELLOGIO: 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.
BELLOGIO
Largest movements
- Tangible fixed assets +€25,222
up €25,222 (+247.4%), from €10,197 to €35,419
of which Furniture and vehicles: +€27,711
- Receivables within one year +€18,200
up €18,200 (+173.7%), from €10,480 to €28,680
of which Other amounts receivable: +€16,484
- Stocks and contracts +€10,235
up €10,235 (+50.2%), from €20,397 to €30,631
- Deferred charges and accrued income -€4,230
down €4,230 (-67.3%), from €6,283 to €2,053
- Cash -€1,286
down €1,286 (-10.4%), from €12,316 to €11,029
mainly Investment in fixed assets (net) (-€30,600) and Receivables within one year (-€18,200)
- Debts after one year +€29,832
up €29,832 (+75.6%), from €39,447 to €69,279
- Current portion of long-term debt +€12,692
up €12,692 (+82.1%), from €15,459 to €28,151
- Trade debts +€9,985
up €9,985 (+53.5%), from €18,674 to €28,659
- Other debts -€4,867
down €4,867 (-98.4%), from €4,946 to €79
- Accrued charges and deferred income +€1,227
up €1,227 (+1923.8%), from €64 to €1,291
- Other operating charges +€5,306
up €5,306 (+120.8%), from €4,391 to €9,696
- Depreciation +€1,987
up €1,987 (+58.6%), from €3,391 to €5,378
- Taxes +€1,335
new in 2024: €1,335
- Financial charges +€864
up €864 (+23.2%), from €3,726 to €4,590
- Gross operating margin -€598
down €598 (-1.3%), from €46,679 to €46,081
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,822 | €107,962 | +€48,140 | +80.5% |
| Fixed assets | 21/28 | €10,347 | €35,569 | +€25,222 | +243.8% |
| Tangible fixed assets | 22/27 | €10,197 | €35,419 | +€25,222 | +247.4% |
| Land and buildings | 22 | €8,165 | €5,855 | -€2,310 | -28.3% |
| Plant, machinery and equipment | 23 | €314 | €135 | -€179 | -57.0% |
| Furniture and vehicles | 24 | €1,718 | €29,429 | +€27,711 | +1613.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €49,475 | €72,393 | +€22,918 | +46.3% |
| Stocks and contracts in progress | 3 | €20,397 | €30,631 | +€10,235 | +50.2% |
| Stocks | 30/36 | €20,397 | €30,631 | +€10,235 | +50.2% |
| Amounts receivable within one year | 40/41 | €10,480 | €28,680 | +€18,200 | +173.7% |
| Trade receivables | 40 | €9,080 | €10,796 | +€1,716 | +18.9% |
| Other amounts receivable | 41 | €1,400 | €17,883 | +€16,484 | +1177.7% |
| Cash at bank and in hand | 54/58 | €12,316 | €11,029 | -€1,286 | -10.4% |
| Deferred charges and accrued income | 490/1 | €6,283 | €2,053 | -€4,230 | -67.3% |
| Total equity and liabilities | 10/49 | €59,822 | €107,962 | +€48,140 | +80.5% |
| Equity | 10/15 | -€27,061 | -€26,845 | +€215 | +0.8% |
| Contributions | 10/11 | €14,840 | €14,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,901 | -€41,685 | +€215 | +0.5% |
| Amounts payable | 17/49 | €86,882 | €134,808 | +€47,925 | +55.2% |
| Amounts payable after more than one year | 17 | €39,447 | €69,279 | +€29,832 | +75.6% |
| Financial debts | 170/4 | €39,447 | €69,279 | +€29,832 | +75.6% |
| Amounts payable within one year | 42/48 | €47,371 | €64,237 | +€16,866 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €15,459 | €28,151 | +€12,692 | +82.1% |
| Trade debts | 44 | €18,674 | €28,659 | +€9,985 | +53.5% |
| Suppliers | 440/4 | €18,674 | €28,659 | +€9,985 | +53.5% |
| Advances received on contracts in progress | 46 | €1,215 | - | -€1,215 | |
| Taxes, remuneration and social security | 45 | €7,077 | €7,348 | +€271 | +3.8% |
| Taxes | 450/3 | €3,037 | €1,818 | -€1,219 | -40.1% |
| Remuneration and social security | 454/9 | €4,041 | €5,530 | +€1,490 | +36.9% |
| Other amounts payable | 47/48 | €4,946 | €79 | -€4,867 | -98.4% |
| Accrued charges and deferred income | 492/3 | €64 | €1,291 | +€1,227 | +1923.8% |
| Remuneration, social security and pensions | 62 | €25,052 | €25,418 | +€366 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,391 | €5,378 | +€1,987 | +58.6% |
| Other operating charges | 640/8 | €4,391 | €9,696 | +€5,306 | +120.8% |
| Gross operating margin | 9900 | €46,679 | €46,081 | -€598 | -1.3% |
| Operating profit (loss) | 9901 | €13,845 | €5,589 | -€8,257 | -59.6% |
| Financial income | 75/76B | €640 | €551 | -€89 | -13.8% |
| Recurring financial income | 75 | €640 | €551 | -€89 | -13.8% |
| Financial charges | 65/66B | €3,726 | €4,590 | +€864 | +23.2% |
| Recurring financial charges | 65 | €3,726 | €4,590 | +€864 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €10,759 | €1,550 | -€9,209 | -85.6% |
| Income taxes | 67/77 | - | €1,335 | +€1,335 | |
| Profit (loss) for the period | 9904 | €10,759 | €215 | -€10,544 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,759 | €215 | -€10,544 | -98.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.