bellonnea: 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.
bellonnea
Largest movements
- Receivables within one year +€74,748
up €74,748 (+1,188%), from €6,292 to €81,040
- Cash -€53,535
down €53,535 (-69.0%), from €77,627 to €24,092
mainly Receivables within one year (-€74,748) and Tax, wage and social debts (-€3,328)
- Tangible fixed assets -€3,366
down €3,366 (-31.3%), from €10,764 to €7,397
- Profit (loss) carried forward +€23,567
up €23,567 (+4,201%), from €561 to €24,128
- Tax, wage and social debts -€3,328
down €3,328 (-89.2%), from €3,730 to €401
- Other debts -€2,392
no longer reported in 2025 (was €2,392)
- Gross operating margin -€6,086
down €6,086 (-16.2%), from €37,612 to €31,526
- Financial income +€2,087
new in 2025: €2,087
- Taxes -€943
down €943 (-12.5%), from €7,513 to €6,571
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 | €94,683 | €112,529 | +€17,846 | +18.8% |
| Fixed assets | 21/28 | €10,764 | €7,397 | -€3,366 | -31.3% |
| Tangible fixed assets | 22/27 | €10,764 | €7,397 | -€3,366 | -31.3% |
| Furniture and vehicles | 24 | €10,764 | €7,397 | -€3,366 | -31.3% |
| Current assets | 29/58 | €83,919 | €105,132 | +€21,213 | +25.3% |
| Amounts receivable within one year | 40/41 | €6,292 | €81,040 | +€74,748 | +1,188% |
| Trade receivables | 40 | €6,292 | €81,040 | +€74,748 | +1,188% |
| Cash at bank and in hand | 54/58 | €77,627 | €24,092 | -€53,535 | -69.0% |
| Total equity and liabilities | 10/49 | €94,683 | €112,529 | +€17,846 | +18.8% |
| Equity | 10/15 | €88,561 | €112,128 | +€23,567 | +26.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €85,000 | = | 0.0% |
| Distributable reserves | 133 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €561 | €24,128 | +€23,567 | +4,201% |
| Amounts payable | 17/49 | €6,122 | €401 | -€5,721 | -93.4% |
| Amounts payable within one year | 42/48 | €6,122 | €401 | -€5,721 | -93.4% |
| Taxes, remuneration and social security | 45 | €3,730 | €401 | -€3,328 | -89.2% |
| Taxes | 450/3 | €3,730 | €401 | -€3,328 | -89.2% |
| Other amounts payable | 47/48 | €2,392 | - | -€2,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,441 | €3,366 | -€74 | -2.2% |
| Other operating charges | 640/8 | €140 | €63 | -€77 | -54.7% |
| Gross operating margin | 9900 | €37,612 | €31,526 | -€6,086 | -16.2% |
| Operating profit (loss) | 9901 | €34,032 | €28,096 | -€5,936 | -17.4% |
| Financial income | 75/76B | - | €2,087 | +€2,087 | |
| Recurring financial income | 75 | - | €2,087 | +€2,087 | |
| Financial charges | 65/66B | €45 | €45 | -€0 | -0.7% |
| Recurring financial charges | 65 | €45 | €45 | -€0 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €33,986 | €30,138 | -€3,849 | -11.3% |
| Income taxes | 67/77 | €7,513 | €6,571 | -€943 | -12.5% |
| Profit (loss) for the period | 9904 | €26,473 | €23,567 | -€2,906 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,473 | €23,567 | -€2,906 | -11.0% |
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 18 October 2026 via checked.be.