CIAO BELLO: 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.
CIAO BELLO
Largest movements
- Cash +€20,357
up €20,357 (+21.6%), from €94,402 to €114,759
mainly Trade debts (+€20,073) and Net result for the year (+€7,210)
- Receivables within one year +€1,261
up €1,261 (+124%), from €1,014 to €2,275
- Trade debts +€20,073
up €20,073 (+76.5%), from €26,241 to €46,314
- Tax, wage and social debts -€11,308
down €11,308 (-73.5%), from €15,378 to €4,070
- Profit (loss) carried forward +€6,849
up €6,849 (+12.5%), from €54,808 to €61,657
- Other debts +€5,173
new in 2025: €5,173
- Gross operating margin -€34,678
down €34,678 (-63.2%), from €54,855 to €20,177
- Taxes -€9,973
down €9,973 (-78.0%), from €12,788 to €2,815
- Staff costs +€2,235
up €2,235 (+33.8%), from €6,610 to €8,845
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 | €97,499 | €118,646 | +€21,147 | +21.7% |
| Fixed assets | 21/28 | €2,083 | €1,612 | -€471 | -22.6% |
| Tangible fixed assets | 22/27 | €1,883 | €1,412 | -€471 | -25.0% |
| Furniture and vehicles | 24 | €1,883 | €1,412 | -€471 | -25.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €95,416 | €117,034 | +€21,618 | +22.7% |
| Amounts receivable within one year | 40/41 | €1,014 | €2,275 | +€1,261 | +124% |
| Other amounts receivable | 41 | €1,014 | €2,275 | +€1,261 | +124% |
| Cash at bank and in hand | 54/58 | €94,402 | €114,759 | +€20,357 | +21.6% |
| Total equity and liabilities | 10/49 | €97,499 | €118,646 | +€21,147 | +21.7% |
| Equity | 10/15 | €55,880 | €63,089 | +€7,209 | +12.9% |
| Reserves | 13 | €1,072 | €1,432 | +€360 | +33.6% |
| Non-distributable reserves | 130/1 | €1,072 | €1,432 | +€360 | +33.6% |
| Legal reserve | 130 | €1,072 | €1,432 | +€360 | +33.6% |
| Profit (loss) carried forward | 14 | €54,808 | €61,657 | +€6,849 | +12.5% |
| Amounts payable | 17/49 | €41,619 | €55,557 | +€13,938 | +33.5% |
| Amounts payable within one year | 42/48 | €41,619 | €55,557 | +€13,938 | +33.5% |
| Trade debts | 44 | €26,241 | €46,314 | +€20,073 | +76.5% |
| Suppliers | 440/4 | €26,241 | €46,314 | +€20,073 | +76.5% |
| Taxes, remuneration and social security | 45 | €15,378 | €4,070 | -€11,308 | -73.5% |
| Taxes | 450/3 | €15,378 | €4,070 | -€11,308 | -73.5% |
| Other amounts payable | 47/48 | - | €5,173 | +€5,173 | |
| Remuneration, social security and pensions | 62 | €6,610 | €8,845 | +€2,235 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €547 | €471 | -€76 | -13.9% |
| Other operating charges | 640/8 | €387 | €444 | +€57 | +14.7% |
| Gross operating margin | 9900 | €54,855 | €20,177 | -€34,678 | -63.2% |
| Operating profit (loss) | 9901 | €47,311 | €10,417 | -€36,894 | -78.0% |
| Financial charges | 65/66B | €517 | €392 | -€125 | -24.2% |
| Recurring financial charges | 65 | €333 | €329 | -€4 | -1.2% |
| Non-recurring financial charges | 66B | €184 | €63 | -€121 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €46,794 | €10,025 | -€36,769 | -78.6% |
| Income taxes | 67/77 | €12,788 | €2,815 | -€9,973 | -78.0% |
| Profit (loss) for the period | 9904 | €34,006 | €7,210 | -€26,796 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,006 | €7,210 | -€26,796 | -78.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.