BELLPRO: 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.
BELLPRO
Largest movements
- Tangible fixed assets +€48,844
up €48,844 (+381%), from €12,808 to €61,653
of which Furniture and vehicles: +€45,389
- Receivables within one year +€3,516
up €3,516 (+185%), from €1,900 to €5,416
of which Other amounts receivable: +€4,173
- Stocks and contracts -€3,184
down €3,184 (-18.5%), from €17,250 to €14,066
- Cash +€1,482
up €1,482 (+24.8%), from €5,969 to €7,451
mainly Other debts (+€58,186) and Depreciation (+€13,292)
- Other debts +€58,186
up €58,186 (+121%), from €48,279 to €106,465
- Profit (loss) carried forward -€7,309
down €7,309 (-22.8%), from -€32,106 to -€39,414
- Tax, wage and social debts +€1,063
new in 2025: €1,063
- Trade debts -€1,060
down €1,060 (-81.9%), from €1,294 to €234
- Gross operating margin +€7,764
up €7,764 (+3,135%), from €248 to €8,011
- Depreciation +€7,268
up €7,268 (+121%), from €6,024 to €13,292
- Taxes +€363
up €363 (+116%), from €312 to €675
- Other operating charges -€268
down €268 (-17.2%), from €1,553 to €1,285
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 | €37,927 | €88,807 | +€50,880 | +134% |
| Fixed assets | 21/28 | €12,808 | €61,653 | +€48,844 | +381% |
| Tangible fixed assets | 22/27 | €12,808 | €61,653 | +€48,844 | +381% |
| Land and buildings | 22 | €3,517 | €2,094 | -€1,423 | -40.5% |
| Plant, machinery and equipment | 23 | €8,352 | €13,231 | +€4,879 | +58.4% |
| Furniture and vehicles | 24 | €939 | €46,328 | +€45,389 | +4,833% |
| Current assets | 29/58 | €25,119 | €27,154 | +€2,035 | +8.1% |
| Stocks and contracts in progress | 3 | €17,250 | €14,066 | -€3,184 | -18.5% |
| Contracts in progress | 37 | €17,250 | €14,066 | -€3,184 | -18.5% |
| Amounts receivable within one year | 40/41 | €1,900 | €5,416 | +€3,516 | +185% |
| Trade receivables | 40 | €657 | €0 | -€657 | -100% |
| Other amounts receivable | 41 | €1,243 | €5,416 | +€4,173 | +336% |
| Cash at bank and in hand | 54/58 | €5,969 | €7,451 | +€1,482 | +24.8% |
| Deferred charges and accrued income | 490/1 | - | €221 | +€221 | |
| Total equity and liabilities | 10/49 | €37,927 | €88,807 | +€50,880 | +134% |
| Equity | 10/15 | -€11,646 | -€18,954 | -€7,309 | -62.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€32,106 | -€39,414 | -€7,309 | -22.8% |
| Amounts payable | 17/49 | €49,573 | €107,761 | +€58,188 | +117% |
| Amounts payable within one year | 42/48 | €49,573 | €107,761 | +€58,188 | +117% |
| Trade debts | 44 | €1,294 | €234 | -€1,060 | -81.9% |
| Suppliers | 440/4 | €1,294 | €234 | -€1,060 | -81.9% |
| Taxes, remuneration and social security | 45 | - | €1,063 | +€1,063 | |
| Taxes | 450/3 | - | €1,063 | +€1,063 | |
| Other amounts payable | 47/48 | €48,279 | €106,465 | +€58,186 | +121% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,024 | €13,292 | +€7,268 | +121% |
| Other operating charges | 640/8 | €1,553 | €1,285 | -€268 | -17.2% |
| Gross operating margin | 9900 | €248 | €8,011 | +€7,764 | +3,135% |
| Operating profit (loss) | 9901 | -€7,330 | -€6,566 | +€763 | +10.4% |
| Financial charges | 65/66B | €79 | €68 | -€11 | -14.5% |
| Recurring financial charges | 65 | €79 | €68 | -€11 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,409 | -€6,634 | +€775 | +10.5% |
| Income taxes | 67/77 | €312 | €675 | +€363 | +116% |
| Profit (loss) for the period | 9904 | -€7,720 | -€7,309 | +€412 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,720 | -€7,309 | +€412 | +5.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.