M Bella Italia: what changed
M Bella Italia
Largest movements
- Tangible fixed assets +€18,023
up €18,023 (+274%), from €6,568 to €24,592
- Receivables within one year -€3,290
down €3,290 (-90.1%), from €3,651 to €361
- Cash +€334
up €334 (+7.4%), from €4,512 to €4,846
mainly Tax, wage and social debts (+€15,359) and Debts after one year (+€8,387)
- Profit (loss) carried forward -€17,004
down €17,004 (-42.4%), from -€40,137 to -€57,141
- Tax, wage and social debts +€15,359
new in 2025: €15,359
of which Remuneration and social security: +€10,470
- Debts after one year +€8,387
new in 2025: €8,387
- Trade debts +€8,145
up €8,145 (+714%), from €1,141 to €9,286
- Other debts +€1,261
up €1,261 (+2.6%), from €48,793 to €50,054
- Gross operating margin +€64,313
up €64,313, from -€36,268 to €28,045
- Staff costs +€36,606
new in 2025: €36,606
- Depreciation +€2,295
up €2,295 (+107%), from €2,137 to €4,432
- Financial charges +€1,166
up €1,166 (+97.2%), from €1,200 to €2,365
- Other operating charges +€1,026
up €1,026 (+193%), from €532 to €1,558
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,770 | €29,837 | +€15,067 | +102% |
| Fixed assets | 21/28 | €6,568 | €24,592 | +€18,023 | +274% |
| Tangible fixed assets | 22/27 | €6,568 | €24,592 | +€18,023 | +274% |
| Land and buildings | 22 | €1,451 | €1,284 | -€167 | -11.5% |
| Plant, machinery and equipment | 23 | €3,631 | €11,036 | +€7,404 | +204% |
| Furniture and vehicles | 24 | €1,486 | €3,912 | +€2,426 | +163% |
| Leasing and similar rights | 25 | - | €8,360 | +€8,360 | |
| Current assets | 29/58 | €8,201 | €5,245 | -€2,956 | -36.0% |
| Amounts receivable within one year | 40/41 | €3,651 | €361 | -€3,290 | -90.1% |
| Other amounts receivable | 41 | €3,651 | €361 | -€3,290 | -90.1% |
| Cash at bank and in hand | 54/58 | €4,512 | €4,846 | +€334 | +7.4% |
| Deferred charges and accrued income | 490/1 | €38 | €38 | = | 0.0% |
| Total equity and liabilities | 10/49 | €14,770 | €29,837 | +€15,067 | +102% |
| Equity | 10/15 | -€39,137 | -€56,141 | -€17,004 | -43.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,137 | -€57,141 | -€17,004 | -42.4% |
| Amounts payable | 17/49 | €53,907 | €85,978 | +€32,071 | +59.5% |
| Amounts payable after more than one year | 17 | - | €8,387 | +€8,387 | |
| Financial debts | 170/4 | - | €8,387 | +€8,387 | |
| Amounts payable within one year | 42/48 | €53,907 | €77,591 | +€23,684 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €3,974 | €2,892 | -€1,082 | -27.2% |
| Trade debts | 44 | €1,141 | €9,286 | +€8,145 | +714% |
| Suppliers | 440/4 | €1,141 | €9,286 | +€8,145 | +714% |
| Taxes, remuneration and social security | 45 | - | €15,359 | +€15,359 | |
| Taxes | 450/3 | - | €4,889 | +€4,889 | |
| Remuneration and social security | 454/9 | - | €10,470 | +€10,470 | |
| Other amounts payable | 47/48 | €48,793 | €50,054 | +€1,261 | +2.6% |
| Remuneration, social security and pensions | 62 | - | €36,606 | +€36,606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,137 | €4,432 | +€2,295 | +107% |
| Other operating charges | 640/8 | €532 | €1,558 | +€1,026 | +193% |
| Gross operating margin | 9900 | -€36,268 | €28,045 | +€64,313 | |
| Operating profit (loss) | 9901 | -€38,938 | -€14,550 | +€24,388 | +62.6% |
| Financial charges | 65/66B | €1,200 | €2,365 | +€1,166 | +97.2% |
| Recurring financial charges | 65 | €1,200 | €2,365 | +€1,166 | +97.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,137 | -€16,915 | +€23,222 | +57.9% |
| Income taxes | 67/77 | - | €89 | +€89 | |
| Profit (loss) for the period | 9904 | -€40,137 | -€17,004 | +€23,133 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,137 | -€17,004 | +€23,133 | +57.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.