BELLUARDO: 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.
BELLUARDO
Largest movements
- Tangible fixed assets -€21,800
down €21,800 (-34.7%), from €62,760 to €40,960
- Cash -€6,432
down €6,432 (-43.7%), from €14,703 to €8,271
- Receivables within one year -€5,975
down €5,975 (-39.2%), from €15,231 to €9,256
of which Trade receivables: -€5,691
- Profit (loss) carried forward -€31,453
down €31,453 (-1,407%), from -€2,236 to -€33,689
- Debts after one year -€7,952
down €7,952 (-16.2%), from €49,068 to €41,116
- Tax, wage and social debts +€7,182
up €7,182 (+1,556%), from €462 to €7,644
- Trade debts -€1,581
down €1,581 (-54.8%), from €2,885 to €1,304
- Turnover +€85,008
new in 2024: €85,008
- Purchases and services +€70,265
new in 2024: €70,265
- Gross operating margin -€19,731
down €19,731 (-57.2%), from €34,475 to €14,743
- Taxes +€6,550
new in 2024: €6,550
- Depreciation +€2,822
up €2,822 (+17.6%), from €16,062 to €18,883
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,933 | €58,726 | -€34,207 | -36.8% |
| Fixed assets | 21/28 | €62,822 | €41,022 | -€21,800 | -34.7% |
| Tangible fixed assets | 22/27 | €62,760 | €40,960 | -€21,800 | -34.7% |
| Furniture and vehicles | 24 | €62,760 | €40,960 | -€21,800 | -34.7% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €30,111 | €17,704 | -€12,407 | -41.2% |
| Amounts receivable within one year | 40/41 | €15,231 | €9,256 | -€5,975 | -39.2% |
| Trade receivables | 40 | €14,947 | €9,256 | -€5,691 | -38.1% |
| Other amounts receivable | 41 | €284 | - | -€284 | |
| Cash at bank and in hand | 54/58 | €14,703 | €8,271 | -€6,432 | -43.7% |
| Deferred charges and accrued income | 490/1 | €176 | €176 | = | 0.0% |
| Total equity and liabilities | 10/49 | €92,933 | €58,726 | -€34,207 | -36.8% |
| Equity | 10/15 | €32,324 | €871 | -€31,453 | -97.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,960 | €15,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,585 | €7,585 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | - | €5,725 | +€5,725 | |
| Other | 1319 | €5,725 | - | -€5,725 | |
| Tax-exempt reserves | 132 | €8,375 | €8,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,236 | -€33,689 | -€31,453 | -1,407% |
| Amounts payable | 17/49 | €60,609 | €57,855 | -€2,753 | -4.5% |
| Amounts payable after more than one year | 17 | €49,068 | €41,116 | -€7,952 | -16.2% |
| Financial debts | 170/4 | €49,068 | €41,116 | -€7,952 | -16.2% |
| Amounts payable within one year | 42/48 | €11,389 | €16,643 | +€5,254 | +46.1% |
| Financial debts | 43 | €1,000 | €950 | -€50 | -5.0% |
| Credit institutions | 430/8 | €1,000 | €950 | -€50 | -5.0% |
| Trade debts | 44 | €2,885 | €1,304 | -€1,581 | -54.8% |
| Suppliers | 440/4 | €2,885 | €1,304 | -€1,581 | -54.8% |
| Advances received on contracts in progress | 46 | €2,500 | €2,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €462 | €7,644 | +€7,182 | +1,556% |
| Taxes | 450/3 | €462 | €7,644 | +€7,182 | +1,556% |
| Other amounts payable | 47/48 | €4,543 | €4,246 | -€297 | -6.5% |
| Accrued charges and deferred income | 492/3 | €151 | €96 | -€55 | -36.6% |
| Turnover | 70 | - | €85,008 | +€85,008 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €70,265 | +€70,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,062 | €18,883 | +€2,822 | +17.6% |
| Other operating charges | 640/8 | €581 | €621 | +€40 | +6.9% |
| Gross operating margin | 9900 | €34,475 | €14,743 | -€19,731 | -57.2% |
| Operating profit (loss) | 9901 | €17,832 | -€4,761 | -€22,593 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,518 | €2,548 | +€31 | +1.2% |
| Recurring financial charges | 65 | €118 | €148 | +€31 | +25.9% |
| Non-recurring financial charges | 66B | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €15,314 | -€7,309 | -€22,623 | |
| Income taxes | 67/77 | - | €6,550 | +€6,550 | |
| Profit (loss) for the period | 9904 | €15,314 | -€13,859 | -€29,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,314 | -€13,859 | -€29,173 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.