B. VAN BALBERGHE: 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.
B. VAN BALBERGHE
Largest movements
- Receivables within one year -€15,171
down €15,171 (-20.4%), from €74,199 to €59,028
of which Trade receivables: -€15,171
- Profit (loss) carried forward -€9,238
down €9,238 (-71.8%), from -€12,861 to -€22,099
- Trade debts -€6,651
down €6,651 (-88.7%), from €7,500 to €849
- Other debts +€2,833
new in 2025: €2,833
- Tax, wage and social debts -€1,156
down €1,156 (-62.5%), from €1,851 to €695
- Gross operating margin -€14,490
down €14,490, from €6,428 to -€8,062
- Financial charges +€1,154
up €1,154 (+5,245%), from €22 to €1,176
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 | €82,194 | €67,653 | -€14,541 | -17.7% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €82,194 | €67,653 | -€14,541 | -17.7% |
| Amounts receivable within one year | 40/41 | €74,199 | €59,028 | -€15,171 | -20.4% |
| Trade receivables | 40 | €16,404 | €1,233 | -€15,171 | -92.5% |
| Other amounts receivable | 41 | €57,795 | €57,795 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,995 | €8,625 | +€630 | +7.9% |
| Total equity and liabilities | 10/49 | €82,194 | €67,653 | -€14,541 | -17.7% |
| Equity | 10/15 | €72,515 | €63,276 | -€9,239 | -12.7% |
| Contributions | 10/11 | €41,100 | €41,100 | = | 0.0% |
| Contributions outside capital | 11 | €41,100 | €41,100 | = | 0.0% |
| Other | 1109/19 | €41,100 | €41,100 | = | 0.0% |
| Reserves | 13 | €44,276 | €44,275 | -€1 | 0.0% |
| Non-distributable reserves | 130/1 | €4,110 | €4,110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,110 | €4,110 | = | 0.0% |
| Distributable reserves | 133 | €40,166 | €40,165 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€12,861 | -€22,099 | -€9,238 | -71.8% |
| Amounts payable | 17/49 | €9,679 | €4,377 | -€5,302 | -54.8% |
| Amounts payable within one year | 42/48 | €9,679 | €4,377 | -€5,302 | -54.8% |
| Financial debts | 43 | €328 | - | -€328 | |
| Credit institutions | 430/8 | €328 | - | -€328 | |
| Trade debts | 44 | €7,500 | €849 | -€6,651 | -88.7% |
| Suppliers | 440/4 | €7,500 | €849 | -€6,651 | -88.7% |
| Taxes, remuneration and social security | 45 | €1,851 | €695 | -€1,156 | -62.5% |
| Taxes | 450/3 | €1,851 | €695 | -€1,156 | -62.5% |
| Other amounts payable | 47/48 | - | €2,833 | +€2,833 | |
| Gross operating margin | 9900 | €6,428 | -€8,062 | -€14,490 | |
| Operating profit (loss) | 9901 | €6,428 | -€8,062 | -€14,490 | |
| Financial charges | 65/66B | €22 | €1,176 | +€1,154 | +5,245% |
| Recurring financial charges | 65 | €22 | €1,176 | +€1,154 | +5,245% |
| Profit (loss) for the period before taxes | 9903 | €6,406 | -€9,238 | -€15,644 | |
| Profit (loss) for the period | 9904 | €6,406 | -€9,238 | -€15,644 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,406 | -€9,238 | -€15,644 |
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 22 October 2026 via checked.be.