DON 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.
DON BELLO
Largest movements
- Cash -€8,552
down €8,552 (-41.0%), from €20,863 to €12,311
mainly Trade debts (-€10,488) and Debts after one year (-€4,705)
- Receivables within one year +€4,686
up €4,686 (+48.5%), from €9,657 to €14,343
- Tangible fixed assets -€3,196
down €3,196 (-34.4%), from €9,288 to €6,092
of which Furniture and vehicles: -€3,196
- Trade debts -€10,488
down €10,488 (-99.5%), from €10,542 to €54
- Debts after one year -€4,705
down €4,705 (-43.5%), from €10,814 to €6,110
- Short-term financial debts +€4,353
up €4,353 (+40.9%), from €10,634 to €14,988
- Current portion of long-term debt +€2,449
new in 2025: €2,449
- Profit (loss) carried forward +€1,531
up €1,531 (+32.6%), from €4,696 to €6,227
- Depreciation -€2,186
down €2,186 (-40.6%), from €5,382 to €3,196
- Financial charges +€1,976
up €1,976 (+146%), from €1,349 to €3,325
- Taxes -€860
no longer reported in 2025 (was €860)
- Gross operating margin +€316
up €316 (+4.0%), from €7,830 to €8,145
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 | €44,687 | €37,827 | -€6,860 | -15.4% |
| Fixed assets | 21/28 | €9,288 | €6,092 | -€3,196 | -34.4% |
| Tangible fixed assets | 22/27 | €9,288 | €6,092 | -€3,196 | -34.4% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €9,288 | €6,092 | -€3,196 | -34.4% |
| Current assets | 29/58 | €35,399 | €31,735 | -€3,664 | -10.4% |
| Stocks and contracts in progress | 3 | €4,879 | €5,081 | +€202 | +4.1% |
| Stocks | 30/36 | €4,879 | €5,081 | +€202 | +4.1% |
| Amounts receivable within one year | 40/41 | €9,657 | €14,343 | +€4,686 | +48.5% |
| Other amounts receivable | 41 | €9,657 | €14,343 | +€4,686 | +48.5% |
| Cash at bank and in hand | 54/58 | €20,863 | €12,311 | -€8,552 | -41.0% |
| Total equity and liabilities | 10/49 | €44,687 | €37,827 | -€6,860 | -15.4% |
| Equity | 10/15 | €12,696 | €14,227 | +€1,531 | +12.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Capital | 10 | €8,000 | €8,000 | = | 0.0% |
| Issued capital | 100 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,696 | €6,227 | +€1,531 | +32.6% |
| Amounts payable | 17/49 | €31,991 | €23,600 | -€8,391 | -26.2% |
| Amounts payable after more than one year | 17 | €10,814 | €6,110 | -€4,705 | -43.5% |
| Financial debts | 170/4 | €10,814 | €6,110 | -€4,705 | -43.5% |
| Amounts payable within one year | 42/48 | €21,177 | €17,491 | -€3,686 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,449 | +€2,449 | |
| Financial debts | 43 | €10,634 | €14,988 | +€4,353 | +40.9% |
| Credit institutions | 430/8 | €10,634 | €14,988 | +€4,353 | +40.9% |
| Trade debts | 44 | €10,542 | €54 | -€10,488 | -99.5% |
| Suppliers | 440/4 | €10,542 | €54 | -€10,488 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,382 | €3,196 | -€2,186 | -40.6% |
| Other operating charges | 640/8 | €62 | €93 | +€32 | +51.4% |
| Gross operating margin | 9900 | €7,830 | €8,145 | +€316 | +4.0% |
| Operating profit (loss) | 9901 | €2,386 | €4,856 | +€2,470 | +104% |
| Financial charges | 65/66B | €1,349 | €3,325 | +€1,976 | +146% |
| Recurring financial charges | 65 | €1,349 | €3,325 | +€1,976 | +146% |
| Profit (loss) for the period before taxes | 9903 | €1,036 | €1,531 | +€494 | +47.7% |
| Income taxes | 67/77 | €860 | - | -€860 | |
| Profit (loss) for the period | 9904 | €176 | €1,531 | +€1,354 | +768% |
| Profit (loss) for the period to be appropriated | 9905 | €176 | €1,531 | +€1,354 | +768% |
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 27 October 2026 via checked.be.