BELLSRINGER: 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.
BELLSRINGER
Largest movements
- Cash -€11,364
down €11,364 (-14.9%), from €76,373 to €65,010
mainly Tax, wage and social debts (-€12,028) and Stocks and contracts (-€7,991)
- Stocks and contracts +€7,991
up €7,991 (+61.2%), from €13,049 to €21,040
- Receivables within one year -€2,881
down €2,881 (-51.5%), from €5,598 to €2,717
of which Other amounts receivable: -€2,580
- Tangible fixed assets -€1,086
down €1,086 (-41.5%), from €2,616 to €1,530
of which Furniture and vehicles: -€950
- Tax, wage and social debts -€12,028
down €12,028 (-61.3%), from €19,612 to €7,583
- Profit (loss) carried forward +€8,076
up €8,076 (+18.3%), from €44,208 to €52,283
- Other debts -€5,309
down €5,309 (-20.1%), from €26,419 to €21,110
- Trade debts +€2,177
up €2,177 (+50.4%), from €4,316 to €6,493
- Gross operating margin -€6,746
down €6,746 (-28.2%), from €23,935 to €17,189
- Taxes -€372
down €372 (-13.6%), from €2,742 to €2,370
- Financial charges +€310
up €310 (+6.6%), from €4,690 to €4,999
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,637 | €90,470 | -€7,167 | -7.3% |
| Fixed assets | 21/28 | €2,616 | €1,530 | -€1,086 | -41.5% |
| Tangible fixed assets | 22/27 | €2,616 | €1,530 | -€1,086 | -41.5% |
| Furniture and vehicles | 24 | €1,452 | €502 | -€950 | -65.4% |
| Other tangible fixed assets | 26 | €1,164 | €1,028 | -€136 | -11.7% |
| Current assets | 29/58 | €95,021 | €88,939 | -€6,081 | -6.4% |
| Stocks and contracts in progress | 3 | €13,049 | €21,040 | +€7,991 | +61.2% |
| Stocks | 30/36 | €13,049 | €21,040 | +€7,991 | +61.2% |
| Amounts receivable within one year | 40/41 | €5,598 | €2,717 | -€2,881 | -51.5% |
| Trade receivables | 40 | €2,888 | €2,587 | -€301 | -10.4% |
| Other amounts receivable | 41 | €2,710 | €130 | -€2,580 | -95.2% |
| Cash at bank and in hand | 54/58 | €76,373 | €65,010 | -€11,364 | -14.9% |
| Deferred charges and accrued income | 490/1 | - | €172 | +€172 | |
| Total equity and liabilities | 10/49 | €97,637 | €90,470 | -€7,167 | -7.3% |
| Equity | 10/15 | €47,208 | €55,283 | +€8,076 | +17.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,208 | €52,283 | +€8,076 | +18.3% |
| Amounts payable | 17/49 | €50,429 | €35,186 | -€15,243 | -30.2% |
| Amounts payable within one year | 42/48 | €50,347 | €35,186 | -€15,161 | -30.1% |
| Trade debts | 44 | €4,316 | €6,493 | +€2,177 | +50.4% |
| Suppliers | 440/4 | €4,316 | €6,493 | +€2,177 | +50.4% |
| Taxes, remuneration and social security | 45 | €19,612 | €7,583 | -€12,028 | -61.3% |
| Taxes | 450/3 | €19,612 | €7,583 | -€12,028 | -61.3% |
| Other amounts payable | 47/48 | €26,419 | €21,110 | -€5,309 | -20.1% |
| Accrued charges and deferred income | 492/3 | €82 | €0 | -€82 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086 | €1,086 | = | 0.0% |
| Other operating charges | 640/8 | €772 | €659 | -€113 | -14.7% |
| Gross operating margin | 9900 | €23,935 | €17,189 | -€6,746 | -28.2% |
| Operating profit (loss) | 9901 | €22,077 | €15,444 | -€6,633 | -30.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,690 | €4,999 | +€310 | +6.6% |
| Recurring financial charges | 65 | €4,690 | €4,999 | +€310 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €17,388 | €10,446 | -€6,942 | -39.9% |
| Income taxes | 67/77 | €2,742 | €2,370 | -€372 | -13.6% |
| Profit (loss) for the period | 9904 | €14,645 | €8,076 | -€6,570 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,645 | €8,076 | -€6,570 | -44.9% |
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 4 October 2026 via checked.be.