BO BELLE: 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.
BO BELLE
Largest movements
- Tangible fixed assets +€20,631
up €20,631 (+7.9%), from €262,394 to €283,025
of which Plant, machinery and equipment: +€19,183
- Cash -€8,316
down €8,316 (-78.6%), from €10,586 to €2,270
mainly Investment in fixed assets (net) (-€34,859) and Other debts (-€15,900)
- Receivables within one year +€3,783
up €3,783 (+92.3%), from €4,098 to €7,881
- Reserves +€18,323
up €18,323 (+83.0%), from €22,066 to €40,388
- Other debts -€15,900
down €15,900 (-23.0%), from €69,003 to €53,103
- Trade debts +€9,987
up €9,987 (+1,857%), from €538 to €10,525
- Tax, wage and social debts -€4,375
down €4,375 (-34.0%), from €12,853 to €8,478
of which Taxes: -€4,027
- Debts after one year +€3,820
up €3,820 (+2.3%), from €168,753 to €172,573
- Gross operating margin +€25,105
up €25,105 (+90.5%), from €27,746 to €52,851
- Depreciation +€9,946
up €9,946 (+206%), from €4,821 to €14,766
- Financial charges +€6,541
up €6,541 (+312%), from €2,097 to €8,639
- Staff costs +€4,130
up €4,130 (+174%), from €2,368 to €6,498
- Taxes +€2,787
up €2,787 (+231%), from €1,207 to €3,994
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.
Derived cash bridge
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 | €281,460 | €297,019 | +€15,559 | +5.5% |
| Fixed assets | 21/28 | €266,775 | €286,868 | +€20,093 | +7.5% |
| Intangible fixed assets | 21 | €4,381 | €3,843 | -€538 | -12.3% |
| Tangible fixed assets | 22/27 | €262,394 | €283,025 | +€20,631 | +7.9% |
| Land and buildings | 22 | €252,287 | €245,703 | -€6,584 | -2.6% |
| Plant, machinery and equipment | 23 | €6,850 | €26,033 | +€19,183 | +280% |
| Furniture and vehicles | 24 | €3,257 | €11,289 | +€8,032 | +247% |
| Current assets | 29/58 | €14,684 | €10,151 | -€4,533 | -30.9% |
| Amounts receivable within one year | 40/41 | €4,098 | €7,881 | +€3,783 | +92.3% |
| Trade receivables | 40 | €4,098 | €7,881 | +€3,783 | +92.3% |
| Cash at bank and in hand | 54/58 | €10,586 | €2,270 | -€8,316 | -78.6% |
| Total equity and liabilities | 10/49 | €281,460 | €297,019 | +€15,559 | +5.5% |
| Equity | 10/15 | €24,066 | €42,388 | +€18,323 | +76.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €22,066 | €40,388 | +€18,323 | +83.0% |
| Distributable reserves | 133 | €22,066 | €40,388 | +€18,323 | +83.0% |
| Amounts payable | 17/49 | €257,394 | €254,631 | -€2,763 | -1.1% |
| Amounts payable after more than one year | 17 | €168,753 | €172,573 | +€3,820 | +2.3% |
| Financial debts | 170/4 | €168,753 | €172,573 | +€3,820 | +2.3% |
| Amounts payable within one year | 42/48 | €88,641 | €82,058 | -€6,584 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €6,247 | €9,952 | +€3,704 | +59.3% |
| Trade debts | 44 | €538 | €10,525 | +€9,987 | +1,857% |
| Suppliers | 440/4 | €538 | €10,525 | +€9,987 | +1,857% |
| Taxes, remuneration and social security | 45 | €12,853 | €8,478 | -€4,375 | -34.0% |
| Taxes | 450/3 | €12,239 | €8,212 | -€4,027 | -32.9% |
| Remuneration and social security | 454/9 | €614 | €266 | -€348 | -56.6% |
| Other amounts payable | 47/48 | €69,003 | €53,103 | -€15,900 | -23.0% |
| Remuneration, social security and pensions | 62 | €2,368 | €6,498 | +€4,130 | +174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,821 | €14,766 | +€9,946 | +206% |
| Other operating charges | 640/8 | €518 | €634 | +€116 | +22.3% |
| Non-recurring operating charges | 66A | €6,037 | €0 | -€6,037 | -100% |
| Gross operating margin | 9900 | €27,746 | €52,851 | +€25,105 | +90.5% |
| Operating profit (loss) | 9901 | €14,002 | €30,953 | +€16,950 | +121% |
| Financial income | 75/76B | €114 | €2 | -€112 | -98.1% |
| Recurring financial income | 75 | €114 | €2 | -€112 | -98.1% |
| Financial charges | 65/66B | €2,097 | €8,639 | +€6,541 | +312% |
| Recurring financial charges | 65 | €2,097 | €8,639 | +€6,541 | +312% |
| Profit (loss) for the period before taxes | 9903 | €12,019 | €22,316 | +€10,297 | +85.7% |
| Income taxes | 67/77 | €1,207 | €3,994 | +€2,787 | +231% |
| Profit (loss) for the period | 9904 | €10,812 | €18,323 | +€7,511 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,812 | €18,323 | +€7,511 | +69.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.