BELLS COMPUTERCENTER: 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.
What changed
BELLS COMPUTERCENTER
NACE 47.400, Retail sale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€34,566
2024 · €6,699+€27,868
Equity
€292,384
2024 · €257,818+€34,566
Cash
€7,921
2024 · €335+€7,586
Balance sheet total
€1.1m
2024 · €1.1m+€11,421
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Short-term financial debts -€300,000
no longer reported in 2025 (was €300,000)
- Other debts +€130,819
up €130,819 (+45.4%), from €288,125 to €418,944
- Debts after one year +€126,288
up €126,288 (+85.9%), from €147,042 to €273,330
of which Financial debts: +€273,330
- Profit (loss) carried forward +€43,427
up €43,427 (+8.6%), from -€503,831 to -€460,404
- Current portion of long-term debt +€24,648
new in 2025: €24,648
Income statement
- Gross operating margin +€22,501
up €22,501 (+48.3%), from €46,607 to €69,108
- Depreciation -€5,028
down €5,028 (-74.1%), from €6,783 to €1,754
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.
Result 2024
€6,699
Gross operating margin
+€22,501
Depreciation
+€5,028
Other operating charges
-€88
Financial income
+€24
Financial charges
+€558
Taxes
-€155
Result 2025
€34,566
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.
From operations
+€165,961
Investment
-€9,312
Financing
-€149,063
Cash 2024
€335
From operations (derived)
+€165,961
Net result for the year
+€34,566
Depreciation
+€1,754
Stocks and contracts
+€2,818
Smaller working-capital items
+€905
Trade debts
-€13,999
Tax, wage and social debts
+€9,098
Other debts
+€130,819
Investment (derived)
-€9,312
Investment in fixed assets (net)
-€9,312
Financing
-€149,063
Debts after one year
+€126,288
Current portion of long-term debt
+€24,648
Short-term financial debts
-€300,000
Cash 2025
€7,921
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,104,951 | €1,116,372 | +€11,421 | +1.0% |
| Formation expenses | 20 | €289 | €7,816 | +€7,527 | +2606.8% |
| Fixed assets | 21/28 | €612,531 | €612,561 | +€30 | 0.0% |
| Tangible fixed assets | 22/27 | €612,372 | €612,402 | +€30 | 0.0% |
| Land and buildings | 22 | €611,975 | €611,150 | -€825 | -0.1% |
| Furniture and vehicles | 24 | €397 | €1,252 | +€855 | +215.4% |
| Financial fixed assets | 28 | €159 | €159 | = | 0.0% |
| Current assets | 29/58 | €492,131 | €495,994 | +€3,863 | +0.8% |
| Stocks and contracts in progress | 3 | €432,737 | €429,919 | -€2,818 | -0.7% |
| Stocks | 30/36 | €432,737 | €429,919 | -€2,818 | -0.7% |
| Amounts receivable within one year | 40/41 | €30,962 | €30,785 | -€177 | -0.6% |
| Trade receivables | 40 | €30,962 | €30,770 | -€192 | -0.6% |
| Other amounts receivable | 41 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | €335 | €7,921 | +€7,586 | +2266.6% |
| Deferred charges and accrued income | 490/1 | €28,097 | €27,370 | -€727 | -2.6% |
| Total equity and liabilities | 10/49 | €1,104,951 | €1,116,372 | +€11,421 | +1.0% |
| Equity | 10/15 | €257,818 | €292,384 | +€34,566 | +13.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | - | €150,000 | +€150,000 | |
| Issued capital | 100 | - | €150,000 | +€150,000 | |
| Revaluation surpluses | 12 | €577,788 | €577,788 | = | 0.0% |
| Reserves | 13 | €33,860 | €25,000 | -€8,860 | -26.2% |
| Non-distributable reserves | 130/1 | €33,860 | €25,000 | -€8,860 | -26.2% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Other | 1319 | €8,860 | - | -€8,860 | |
| Profit (loss) carried forward | 14 | -€503,831 | -€460,404 | +€43,427 | +8.6% |
| Amounts payable | 17/49 | €847,133 | €823,987 | -€23,146 | -2.7% |
| Amounts payable after more than one year | 17 | €147,042 | €273,330 | +€126,288 | +85.9% |
| Financial debts | 170/4 | - | €273,330 | +€273,330 | |
| Other amounts payable | 178/9 | €147,042 | - | -€147,042 | |
| Amounts payable within one year | 42/48 | €700,091 | €550,657 | -€149,434 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | - | €24,648 | +€24,648 | |
| Financial debts | 43 | €300,000 | - | -€300,000 | |
| Credit institutions | 430/8 | €300,000 | - | -€300,000 | |
| Trade debts | 44 | €99,182 | €85,183 | -€13,999 | -14.1% |
| Suppliers | 440/4 | €99,182 | €85,183 | -€13,999 | -14.1% |
| Taxes, remuneration and social security | 45 | €12,784 | €21,881 | +€9,098 | +71.2% |
| Taxes | 450/3 | €12,784 | €21,881 | +€9,098 | +71.2% |
| Other amounts payable | 47/48 | €288,125 | €418,944 | +€130,819 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,783 | €1,754 | -€5,028 | -74.1% |
| Other operating charges | 640/8 | €2,765 | €2,853 | +€88 | +3.2% |
| Gross operating margin | 9900 | €46,607 | €69,108 | +€22,501 | +48.3% |
| Operating profit (loss) | 9901 | €37,059 | €64,501 | +€27,442 | +74.0% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €30,361 | €29,803 | -€558 | -1.8% |
| Recurring financial charges | 65 | €30,361 | €29,803 | -€558 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €6,699 | €34,722 | +€28,023 | +418.3% |
| Income taxes | 67/77 | - | €155 | +€155 | |
| Profit (loss) for the period | 9904 | €6,699 | €34,566 | +€27,868 | +416.0% |
| Transfer from tax-exempt reserves | 789 | - | €8,860 | +€8,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,699 | €43,427 | +€36,728 | +548.3% |
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 30 September 2026 via checked.be.