BELLVAS: 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.
BELLVAS
Largest movements
- Cash +€53,332
up €53,332 (+170.1%), from €31,352 to €84,684
mainly Net result for the year (+€57,575) and Tax, wage and social debts (+€3,273)
- Deferred charges and accrued income +€8,535
up €8,535 (+282.5%), from €3,021 to €11,556
- Profit (loss) carried forward +€57,575
up €57,575 (+131.7%), from €43,708 to €101,283
- Tax, wage and social debts +€3,273
up €3,273 (+19.5%), from €16,823 to €20,096
- Gross operating margin +€15,809
up €15,809 (+27.8%), from €56,778 to €72,587
- Taxes +€3,244
up €3,244 (+28.5%), from €11,383 to €14,627
- Financial income +€2,115
up €2,115 (+37362.7%), from €6 to €2,120
- Financial charges +€751
up €751 (+44.4%), from €1,692 to €2,443
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 | €74,523 | €136,116 | +€61,593 | +82.6% |
| Current assets | 29/58 | €74,523 | €136,116 | +€61,593 | +82.6% |
| Amounts receivable within one year | 40/41 | €150 | - | -€150 | |
| Trade receivables | 40 | €150 | - | -€150 | |
| Current investments | 50/53 | €40,000 | €39,876 | -€124 | -0.3% |
| Cash at bank and in hand | 54/58 | €31,352 | €84,684 | +€53,332 | +170.1% |
| Deferred charges and accrued income | 490/1 | €3,021 | €11,556 | +€8,535 | +282.5% |
| Total equity and liabilities | 10/49 | €74,523 | €136,116 | +€61,593 | +82.6% |
| Equity | 10/15 | €48,708 | €106,283 | +€57,575 | +118.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,708 | €101,283 | +€57,575 | +131.7% |
| Amounts payable | 17/49 | €25,815 | €29,833 | +€4,018 | +15.6% |
| Amounts payable within one year | 42/48 | €25,815 | €29,833 | +€4,018 | +15.6% |
| Trade debts | 44 | €821 | €821 | -€0 | -0.1% |
| Suppliers | 440/4 | €821 | €821 | -€0 | -0.1% |
| Taxes, remuneration and social security | 45 | €16,823 | €20,096 | +€3,273 | +19.5% |
| Taxes | 450/3 | €16,823 | €20,096 | +€3,273 | +19.5% |
| Other amounts payable | 47/48 | €8,171 | €8,916 | +€746 | +9.1% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €56,778 | €72,587 | +€15,809 | +27.8% |
| Operating profit (loss) | 9901 | €56,778 | €72,525 | +€15,747 | +27.7% |
| Financial income | 75/76B | €6 | €2,120 | +€2,115 | +37362.7% |
| Recurring financial income | 75 | €6 | €2,120 | +€2,115 | +37362.7% |
| Financial charges | 65/66B | €1,692 | €2,443 | +€751 | +44.4% |
| Recurring financial charges | 65 | €1,692 | €2,443 | +€751 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €55,091 | €72,202 | +€17,111 | +31.1% |
| Income taxes | 67/77 | €11,383 | €14,627 | +€3,244 | +28.5% |
| Profit (loss) for the period | 9904 | €43,708 | €57,575 | +€13,867 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,708 | €57,575 | +€13,867 | +31.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.