GINO BELLEN: 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.
GINO BELLEN
Largest movements
- Cash -€7,303
down €7,303 (-20.2%), from €36,199 to €28,896
mainly Contributions, distributions and other (-€23,000) and Other debts (-€9,500)
- Receivables within one year -€2,002
down €2,002 (-3.5%), from €57,833 to €55,831
of which Trade receivables: -€2,081
- Other debts -€9,500
down €9,500 (-29.2%), from €32,500 to €23,000
- Gross operating margin -€14,354
down €14,354 (-35.2%), from €40,820 to €26,466
- Taxes -€838
down €838 (-30.0%), from €2,794 to €1,956
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 | €94,041 | €84,737 | -€9,304 | -9.9% |
| Fixed assets | 21/28 | €10 | €10 | = | 0.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €94,032 | €84,727 | -€9,304 | -9.9% |
| Amounts receivable within one year | 40/41 | €57,833 | €55,831 | -€2,002 | -3.5% |
| Trade receivables | 40 | €5,095 | €3,015 | -€2,081 | -40.8% |
| Other amounts receivable | 41 | €52,738 | €52,817 | +€79 | +0.1% |
| Cash at bank and in hand | 54/58 | €36,199 | €28,896 | -€7,303 | -20.2% |
| Total equity and liabilities | 10/49 | €94,041 | €84,737 | -€9,304 | -9.9% |
| Equity | 10/15 | €58,225 | €58,442 | +€217 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,633 | €39,850 | +€217 | +0.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €37,774 | €37,991 | +€217 | +0.6% |
| Amounts payable | 17/49 | €35,817 | €26,295 | -€9,522 | -26.6% |
| Amounts payable within one year | 42/48 | €35,817 | €26,295 | -€9,522 | -26.6% |
| Trade debts | 44 | €319 | €253 | -€65 | -20.5% |
| Suppliers | 440/4 | €319 | €253 | -€65 | -20.5% |
| Taxes, remuneration and social security | 45 | €2,998 | €3,042 | +€44 | +1.5% |
| Taxes | 450/3 | €2,998 | €3,042 | +€44 | +1.5% |
| Other amounts payable | 47/48 | €32,500 | €23,000 | -€9,500 | -29.2% |
| Other operating charges | 640/8 | €1,098 | €1,133 | +€34 | +3.1% |
| Gross operating margin | 9900 | €40,820 | €26,466 | -€14,354 | -35.2% |
| Operating profit (loss) | 9901 | €39,722 | €25,334 | -€14,389 | -36.2% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €40 | €160 | +€120 | +302% |
| Recurring financial charges | 65 | €40 | €160 | +€120 | +302% |
| Profit (loss) for the period before taxes | 9903 | €39,692 | €25,174 | -€14,518 | -36.6% |
| Income taxes | 67/77 | €2,794 | €1,956 | -€838 | -30.0% |
| Profit (loss) for the period | 9904 | €36,898 | €23,217 | -€13,681 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,898 | €23,217 | -€13,681 | -37.1% |
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 25 October 2026 via checked.be.