BA-LA-DES: 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.
BA-LA-DES
Largest movements
- Receivables within one year -€56,144
down €56,144 (-57.3%), from €97,958 to €41,814
of which Trade receivables: -€47,308
- Cash +€52,149
up €52,149 (+19.1%), from €272,994 to €325,143
mainly Other debts (+€140,665) and Receivables within one year (+€56,144)
- Tangible fixed assets -€14,014
down €14,014 (-21.1%), from €66,573 to €52,559
of which Furniture and vehicles: -€13,170
- Reserves -€150,221
down €150,221 (-50.3%), from €298,579 to €148,358
- Other debts +€140,665
up €140,665 (+220%), from €63,963 to €204,628
- Tax, wage and social debts -€6,610
down €6,610 (-92.7%), from €7,134 to €524
- Depreciation +€8,755
up €8,755 (+166%), from €5,260 to €14,014
- Taxes -€3,495
down €3,495 (-14.6%), from €23,878 to €20,383
- Gross operating margin +€931
up €931 (+1.1%), from €83,899 to €84,830
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 | €441,106 | €425,858 | -€15,247 | -3.5% |
| Fixed assets | 21/28 | €66,573 | €52,559 | -€14,014 | -21.1% |
| Tangible fixed assets | 22/27 | €66,573 | €52,559 | -€14,014 | -21.1% |
| Furniture and vehicles | 24 | €59,827 | €46,657 | -€13,170 | -22.0% |
| Other tangible fixed assets | 26 | €6,746 | €5,901 | -€844 | -12.5% |
| Current assets | 29/58 | €374,533 | €373,300 | -€1,233 | -0.3% |
| Amounts receivable within one year | 40/41 | €97,958 | €41,814 | -€56,144 | -57.3% |
| Trade receivables | 40 | €88,650 | €41,342 | -€47,308 | -53.4% |
| Other amounts receivable | 41 | €9,308 | €472 | -€8,836 | -94.9% |
| Cash at bank and in hand | 54/58 | €272,994 | €325,143 | +€52,149 | +19.1% |
| Deferred charges and accrued income | 490/1 | €3,581 | €6,343 | +€2,762 | +77.1% |
| Total equity and liabilities | 10/49 | €441,106 | €425,858 | -€15,247 | -3.5% |
| Equity | 10/15 | €369,715 | €219,494 | -€150,221 | -40.6% |
| Contributions | 10/11 | €37,908 | €37,908 | = | 0.0% |
| Reserves | 13 | €298,579 | €148,358 | -€150,221 | -50.3% |
| Distributable reserves | 133 | €298,579 | €148,358 | -€150,221 | -50.3% |
| Profit (loss) carried forward | 14 | €33,228 | €33,228 | = | 0.0% |
| Amounts payable | 17/49 | €71,390 | €206,365 | +€134,974 | +189% |
| Amounts payable within one year | 42/48 | €71,390 | €206,365 | +€134,974 | +189% |
| Trade debts | 44 | €293 | €1,213 | +€920 | +313% |
| Suppliers | 440/4 | €293 | €1,213 | +€920 | +313% |
| Taxes, remuneration and social security | 45 | €7,134 | €524 | -€6,610 | -92.7% |
| Taxes | 450/3 | €7,134 | €524 | -€6,610 | -92.7% |
| Other amounts payable | 47/48 | €63,963 | €204,628 | +€140,665 | +220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,260 | €14,014 | +€8,755 | +166% |
| Other operating charges | 640/8 | €267 | €151 | -€115 | -43.3% |
| Gross operating margin | 9900 | €83,899 | €84,830 | +€931 | +1.1% |
| Operating profit (loss) | 9901 | €78,373 | €70,664 | -€7,709 | -9.8% |
| Financial income | 75/76B | €594 | €29 | -€565 | -95.1% |
| Recurring financial income | 75 | €594 | €29 | -€565 | -95.1% |
| Financial charges | 65/66B | €135 | €274 | +€139 | +103% |
| Recurring financial charges | 65 | €135 | €274 | +€139 | +103% |
| Profit (loss) for the period before taxes | 9903 | €78,832 | €70,419 | -€8,413 | -10.7% |
| Income taxes | 67/77 | €23,878 | €20,383 | -€3,495 | -14.6% |
| Profit (loss) for the period | 9904 | €54,955 | €50,036 | -€4,918 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,955 | €50,036 | -€4,918 | -8.9% |
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 23 October 2026 via checked.be.