FRESCO-BELLABEUH: 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.
FRESCO-BELLABEUH
Largest movements
- Receivables within one year +€17,793
up €17,793 (+18.7%), from €94,963 to €112,756
of which Other amounts receivable: +€32,388
- Cash +€4,209
up €4,209 (+624%), from €674 to €4,883
mainly Other debts (+€52,035) and Depreciation (+€4,731)
- Tangible fixed assets -€3,084
down €3,084 (-26.9%), from €11,460 to €8,376
of which Furniture and vehicles: -€4,074
- Other debts +€52,035
up €52,035 (+28.5%), from €182,606 to €234,641
- Profit (loss) carried forward -€21,231
down €21,231 (-10.6%), from -€200,108 to -€221,339
- Tax, wage and social debts -€8,164
down €8,164 (-17.1%), from €47,844 to €39,680
of which Remuneration and social security: -€9,685
- Trade debts -€3,686
down €3,686 (-6.1%), from €60,245 to €56,559
- Gross operating margin +€50,384
up €50,384 (+25.5%), from €197,723 to €248,107
- Staff costs +€16,445
up €16,445 (+7.1%), from €232,222 to €248,667
- Other operating charges +€10,759
up €10,759 (+234%), from €4,591 to €15,350
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 | €109,187 | €128,141 | +€18,954 | +17.4% |
| Fixed assets | 21/28 | €11,460 | €8,376 | -€3,084 | -26.9% |
| Tangible fixed assets | 22/27 | €11,460 | €8,376 | -€3,084 | -26.9% |
| Plant, machinery and equipment | 23 | €1,020 | €2,010 | +€990 | +97.1% |
| Furniture and vehicles | 24 | €10,440 | €6,366 | -€4,074 | -39.0% |
| Current assets | 29/58 | €97,727 | €119,765 | +€22,038 | +22.6% |
| Stocks and contracts in progress | 3 | €2,090 | €2,126 | +€36 | +1.7% |
| Stocks | 30/36 | €2,090 | €2,126 | +€36 | +1.7% |
| Amounts receivable within one year | 40/41 | €94,963 | €112,756 | +€17,793 | +18.7% |
| Trade receivables | 40 | €14,595 | - | -€14,595 | |
| Other amounts receivable | 41 | €80,368 | €112,756 | +€32,388 | +40.3% |
| Cash at bank and in hand | 54/58 | €674 | €4,883 | +€4,209 | +624% |
| Total equity and liabilities | 10/49 | €109,187 | €128,141 | +€18,954 | +17.4% |
| Equity | 10/15 | -€181,508 | -€202,739 | -€21,231 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,108 | -€221,339 | -€21,231 | -10.6% |
| Amounts payable | 17/49 | €290,695 | €330,880 | +€40,185 | +13.8% |
| Amounts payable within one year | 42/48 | €290,695 | €330,880 | +€40,185 | +13.8% |
| Trade debts | 44 | €60,245 | €56,559 | -€3,686 | -6.1% |
| Suppliers | 440/4 | €60,245 | €56,559 | -€3,686 | -6.1% |
| Taxes, remuneration and social security | 45 | €47,844 | €39,680 | -€8,164 | -17.1% |
| Taxes | 450/3 | €26,720 | €28,241 | +€1,521 | +5.7% |
| Remuneration and social security | 454/9 | €21,124 | €11,439 | -€9,685 | -45.8% |
| Other amounts payable | 47/48 | €182,606 | €234,641 | +€52,035 | +28.5% |
| Remuneration, social security and pensions | 62 | €232,222 | €248,667 | +€16,445 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,615 | €4,731 | +€2,116 | +80.9% |
| Other operating charges | 640/8 | €4,591 | €15,350 | +€10,759 | +234% |
| Gross operating margin | 9900 | €197,723 | €248,107 | +€50,384 | +25.5% |
| Operating profit (loss) | 9901 | -€41,705 | -€20,641 | +€21,064 | +50.5% |
| Financial charges | 65/66B | €1,012 | €590 | -€422 | -41.7% |
| Recurring financial charges | 65 | €1,012 | €590 | -€422 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | -€42,717 | -€21,231 | +€21,486 | +50.3% |
| Profit (loss) for the period | 9904 | -€42,717 | -€21,231 | +€21,486 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,717 | -€21,231 | +€21,486 | +50.3% |
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 26 October 2026 via checked.be.