LAURA BELLANOVA: 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.
LAURA BELLANOVA
Largest movements
- Cash -€29,830
down €29,830 (-64.1%), from €46,513 to €16,683
mainly Contributions, distributions and other (-€150,998) and Receivables within one year (-€26,591)
- Receivables within one year +€26,591
up €26,591 (+20.8%), from €127,621 to €154,212
- Deferred charges and accrued income +€8,126
up €8,126 (+7.7%), from €105,837 to €113,963
- Other debts +€6,117
up €6,117 (+4.2%), from €144,880 to €150,998
- Gross operating margin +€13,411
up €13,411 (+7.3%), from €182,858 to €196,269
- Financial income -€6,358
down €6,358 (-100%), from €6,358 to €0
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 | €279,972 | €284,858 | +€4,887 | +1.7% |
| Current assets | 29/58 | €279,972 | €284,858 | +€4,887 | +1.7% |
| Amounts receivable within one year | 40/41 | €127,621 | €154,212 | +€26,591 | +20.8% |
| Other amounts receivable | 41 | €127,621 | €154,212 | +€26,591 | +20.8% |
| Cash at bank and in hand | 54/58 | €46,513 | €16,683 | -€29,830 | -64.1% |
| Deferred charges and accrued income | 490/1 | €105,837 | €113,963 | +€8,126 | +7.7% |
| Total equity and liabilities | 10/49 | €279,972 | €284,858 | +€4,887 | +1.7% |
| Equity | 10/15 | €132,357 | €132,357 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,757 | €113,757 | = | 0.0% |
| Distributable reserves | 133 | €113,757 | €113,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,614 | €152,501 | +€4,887 | +3.3% |
| Amounts payable within one year | 42/48 | €147,174 | €151,650 | +€4,476 | +3.0% |
| Trade debts | 44 | €874 | €652 | -€222 | -25.4% |
| Suppliers | 440/4 | €874 | €652 | -€222 | -25.4% |
| Taxes, remuneration and social security | 45 | €1,420 | €0 | -€1,420 | -100% |
| Taxes | 450/3 | €1,420 | €0 | -€1,420 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €144,880 | €150,998 | +€6,117 | +4.2% |
| Accrued charges and deferred income | 492/3 | €440 | €851 | +€411 | +93.5% |
| Other operating charges | 640/8 | €387 | €411 | +€24 | +6.2% |
| Gross operating margin | 9900 | €182,858 | €196,269 | +€13,411 | +7.3% |
| Operating profit (loss) | 9901 | €182,471 | €195,858 | +€13,387 | +7.3% |
| Financial income | 75/76B | €6,358 | €0 | -€6,358 | -100% |
| Recurring financial income | 75 | €6,358 | €0 | -€6,358 | -100% |
| Financial charges | 65/66B | €390 | €337 | -€53 | -13.5% |
| Recurring financial charges | 65 | €390 | €337 | -€53 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €188,439 | €195,520 | +€7,081 | +3.8% |
| Income taxes | 67/77 | €43,558 | €44,522 | +€964 | +2.2% |
| Profit (loss) for the period | 9904 | €144,880 | €150,998 | +€6,117 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €144,880 | €150,998 | +€6,117 | +4.2% |
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 15 October 2026 via checked.be.