BELLVM: 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.
BELLVM
Largest movements
- Tangible fixed assets +€11,880
up €11,880 (+23.0%), from €51,594 to €63,475
- Cash +€7,341
up €7,341 (+855.1%), from €858 to €8,199
mainly Other debts (+€15,406) and Depreciation (+€14,558)
- Deferred charges and accrued income -€3,306
down €3,306 (-56.3%), from €5,872 to €2,567
- Other debts +€15,406
up €15,406 (+80.1%), from €19,243 to €34,649
- Debts after one year +€11,355
new in 2024: €11,355
- Tax, wage and social debts -€7,401
down €7,401 (-55.8%), from €13,264 to €5,863
of which Taxes: -€6,597
- Profit (loss) carried forward -€6,977
down €6,977 (-39.3%), from €17,771 to €10,794
- Current portion of long-term debt +€2,460
new in 2024: €2,460
- Staff costs -€7,402
down €7,402 (-95.2%), from €7,777 to €375
- Taxes -€7,268
down €7,268, from €6,057 to -€1,211
- Depreciation +€7,122
up €7,122 (+95.8%), from €7,435 to €14,558
- Other operating charges -€3,306
down €3,306 (-48.5%), from €6,810 to €3,504
- Gross operating margin -€2,823
down €2,823 (-5.1%), from €55,498 to €52,675
From the 2023 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,282 | €86,621 | +€16,339 | +23.2% |
| Fixed assets | 21/28 | €60,594 | €72,475 | +€11,880 | +19.6% |
| Tangible fixed assets | 22/27 | €51,594 | €63,475 | +€11,880 | +23.0% |
| Furniture and vehicles | 24 | €51,594 | €63,475 | +€11,880 | +23.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €9,688 | €14,147 | +€4,459 | +46.0% |
| Amounts receivable within one year | 40/41 | €2,957 | €3,381 | +€423 | +14.3% |
| Trade receivables | 40 | €1,421 | €3,381 | +€1,959 | +137.9% |
| Other amounts receivable | 41 | €1,536 | - | -€1,536 | |
| Cash at bank and in hand | 54/58 | €858 | €8,199 | +€7,341 | +855.1% |
| Deferred charges and accrued income | 490/1 | €5,872 | €2,567 | -€3,306 | -56.3% |
| Total equity and liabilities | 10/49 | €70,282 | €86,621 | +€16,339 | +23.2% |
| Equity | 10/15 | €37,771 | €30,794 | -€6,977 | -18.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,771 | €10,794 | -€6,977 | -39.3% |
| Amounts payable | 17/49 | €32,512 | €55,828 | +€23,316 | +71.7% |
| Amounts payable after more than one year | 17 | - | €11,355 | +€11,355 | |
| Financial debts | 170/4 | - | €11,355 | +€11,355 | |
| Amounts payable within one year | 42/48 | €32,512 | €44,473 | +€11,961 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,460 | +€2,460 | |
| Trade debts | 44 | €5 | €1,501 | +€1,496 | +33098.5% |
| Suppliers | 440/4 | €5 | €1,501 | +€1,496 | +33098.5% |
| Taxes, remuneration and social security | 45 | €13,264 | €5,863 | -€7,401 | -55.8% |
| Taxes | 450/3 | €12,460 | €5,863 | -€6,597 | -52.9% |
| Remuneration and social security | 454/9 | €803 | - | -€803 | |
| Other amounts payable | 47/48 | €19,243 | €34,649 | +€15,406 | +80.1% |
| Remuneration, social security and pensions | 62 | €7,777 | €375 | -€7,402 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,435 | €14,558 | +€7,122 | +95.8% |
| Other operating charges | 640/8 | €6,810 | €3,504 | -€3,306 | -48.5% |
| Non-recurring operating charges | 66A | €6,182 | €40,530 | +€34,348 | +555.6% |
| Gross operating margin | 9900 | €55,498 | €52,675 | -€2,823 | -5.1% |
| Operating profit (loss) | 9901 | €27,293 | -€6,292 | -€33,585 | |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.8% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.8% |
| Financial charges | 65/66B | €235 | €1,897 | +€1,661 | +705.9% |
| Recurring financial charges | 65 | €235 | €1,897 | +€1,661 | +705.9% |
| Profit (loss) for the period before taxes | 9903 | €27,066 | -€8,188 | -€35,254 | |
| Income taxes | 67/77 | €6,057 | -€1,211 | -€7,268 | |
| Profit (loss) for the period | 9904 | €21,009 | -€6,977 | -€27,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,009 | -€6,977 | -€27,986 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.