BELLOY JO: 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.
BELLOY JO
Largest movements
- Receivables within one year -€5,491
down €5,491 (-96.5%), from €5,690 to €199
of which Trade receivables: -€5,690
- Stocks and contracts +€2,500
up €2,500 (+167%), from €1,500 to €4,000
- Cash -€1,492
down €1,492 (-16.0%), from €9,352 to €7,860
mainly Current portion of long-term debt (-€8,710) and Stocks and contracts (-€2,500)
- Current portion of long-term debt -€8,710
no longer reported in 2025 (was €8,710)
- Other debts +€5,199
up €5,199 (+18.4%), from €28,203 to €33,402
- Tax, wage and social debts -€806
no longer reported in 2025 (was €806)
- Gross operating margin -€7,671
down €7,671 (-88.8%), from €8,635 to €964
- Depreciation -€7,252
no longer reported in 2025 (was €7,252)
- Financial charges -€396
down €396 (-63.4%), from €625 to €229
- Other operating charges +€116
up €116 (+14.6%), from €792 to €908
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 | €46,048 | €41,596 | -€4,452 | -9.7% |
| Fixed assets | 21/28 | €28,391 | €28,391 | = | 0.0% |
| Tangible fixed assets | 22/27 | €28,267 | €28,267 | = | 0.0% |
| Land and buildings | 22 | €11,336 | €11,336 | = | 0.0% |
| Plant, machinery and equipment | 23 | €884 | €884 | = | 0.0% |
| Furniture and vehicles | 24 | €16,047 | €16,047 | = | 0.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €17,657 | €13,205 | -€4,452 | -25.2% |
| Stocks and contracts in progress | 3 | €1,500 | €4,000 | +€2,500 | +167% |
| Stocks | 30/36 | €1,500 | €4,000 | +€2,500 | +167% |
| Amounts receivable within one year | 40/41 | €5,690 | €199 | -€5,491 | -96.5% |
| Trade receivables | 40 | €5,690 | - | -€5,690 | |
| Other amounts receivable | 41 | - | €199 | +€199 | |
| Cash at bank and in hand | 54/58 | €9,352 | €7,860 | -€1,492 | -16.0% |
| Deferred charges and accrued income | 490/1 | €1,115 | €1,146 | +€31 | +2.8% |
| Total equity and liabilities | 10/49 | €46,048 | €41,596 | -€4,452 | -9.7% |
| Equity | 10/15 | €8,329 | €8,157 | -€172 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269 | €97 | -€172 | -63.9% |
| Amounts payable | 17/49 | €37,719 | €33,439 | -€4,280 | -11.3% |
| Amounts payable within one year | 42/48 | €37,719 | €33,439 | -€4,280 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €8,710 | - | -€8,710 | |
| Trade debts | 44 | - | €37 | +€37 | |
| Suppliers | 440/4 | - | €37 | +€37 | |
| Taxes, remuneration and social security | 45 | €806 | - | -€806 | |
| Taxes | 450/3 | €806 | - | -€806 | |
| Other amounts payable | 47/48 | €28,203 | €33,402 | +€5,199 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,252 | - | -€7,252 | |
| Other operating charges | 640/8 | €792 | €908 | +€116 | +14.6% |
| Gross operating margin | 9900 | €8,635 | €964 | -€7,671 | -88.8% |
| Operating profit (loss) | 9901 | €591 | €56 | -€535 | -90.5% |
| Financial income | 75/76B | €2 | €1 | -€1 | -50.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -50.0% |
| Financial charges | 65/66B | €625 | €229 | -€396 | -63.4% |
| Recurring financial charges | 65 | €625 | €229 | -€396 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | -€32 | -€172 | -€140 | -438% |
| Profit (loss) for the period | 9904 | -€32 | -€172 | -€140 | -438% |
| Profit (loss) for the period to be appropriated | 9905 | -€32 | -€172 | -€140 | -438% |
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.