BALADI BE: 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.
BALADI BE
Largest movements
- Tangible fixed assets +€289,588
up €289,588 (+1,545%), from €18,747 to €308,336
of which Other tangible fixed assets: +€219,906
- Cash -€83,935
down €83,935 (-52.7%), from €159,185 to €75,250
mainly Investment in fixed assets (net) (-€360,729) and Receivables within one year (-€49,648)
- Receivables within one year +€49,648
up €49,648 (+1,475%), from €3,365 to €53,013
of which Other amounts receivable: +€29,068
- Intangible fixed assets +€21,380
new in 2024: €21,380
- Financial fixed assets +€18,000
up €18,000 (+84.3%), from €21,350 to €39,350
- Debts after one year +€215,296
new in 2024: €215,296
- Investment grants +€47,795
new in 2024: €47,795
- Current portion of long-term debt +€41,367
up €41,367 (+269%), from €15,372 to €56,739
- Tax, wage and social debts -€18,118
down €18,118 (-20.1%), from €90,072 to €71,954
of which Taxes: -€19,690
- Gross operating margin +€94,276
up €94,276 (+55.1%), from €171,067 to €265,343
- Staff costs +€41,980
up €41,980 (+28.5%), from €147,514 to €189,494
- Depreciation +€23,210
up €23,210 (+271%), from €8,550 to €31,761
- Taxes +€20,574
up €20,574 (+782%), from €2,630 to €23,203
- Financial charges +€8,640
up €8,640 (+248%), from €3,489 to €12,129
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,857 | €512,221 | +€286,364 | +127% |
| Fixed assets | 21/28 | €40,097 | €369,066 | +€328,969 | +820% |
| Intangible fixed assets | 21 | - | €21,380 | +€21,380 | |
| Tangible fixed assets | 22/27 | €18,747 | €308,336 | +€289,588 | +1,545% |
| Plant, machinery and equipment | 23 | €12,640 | €16,670 | +€4,030 | +31.9% |
| Furniture and vehicles | 24 | €3,616 | €69,269 | +€65,653 | +1,816% |
| Other tangible fixed assets | 26 | €2,491 | €222,397 | +€219,906 | +8,826% |
| Financial fixed assets | 28 | €21,350 | €39,350 | +€18,000 | +84.3% |
| Current assets | 29/58 | €185,760 | €143,155 | -€42,605 | -22.9% |
| Stocks and contracts in progress | 3 | €6,791 | €6,242 | -€549 | -8.1% |
| Stocks | 30/36 | €6,791 | €6,242 | -€549 | -8.1% |
| Amounts receivable within one year | 40/41 | €3,365 | €53,013 | +€49,648 | +1,475% |
| Trade receivables | 40 | - | €20,580 | +€20,580 | |
| Other amounts receivable | 41 | €3,365 | €32,433 | +€29,068 | +864% |
| Cash at bank and in hand | 54/58 | €159,185 | €75,250 | -€83,935 | -52.7% |
| Deferred charges and accrued income | 490/1 | €16,419 | €8,651 | -€7,768 | -47.3% |
| Total equity and liabilities | 10/49 | €225,857 | €512,221 | +€286,364 | +127% |
| Equity | 10/15 | €110,749 | €162,417 | +€51,668 | +46.7% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Contributions outside capital | 11 | €27,000 | - | -€27,000 | |
| Other | 1109/19 | €27,000 | - | -€27,000 | |
| Profit (loss) carried forward | 14 | €83,749 | €87,622 | +€3,873 | +4.6% |
| Investment grants | 15 | - | €47,795 | +€47,795 | |
| Amounts payable | 17/49 | €115,109 | €349,805 | +€234,696 | +204% |
| Amounts payable after more than one year | 17 | - | €215,296 | +€215,296 | |
| Financial debts | 170/4 | - | €215,296 | +€215,296 | |
| Amounts payable within one year | 42/48 | €115,109 | €134,509 | +€19,400 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €15,372 | €56,739 | +€41,367 | +269% |
| Trade debts | 44 | €8,065 | €5,303 | -€2,763 | -34.3% |
| Suppliers | 440/4 | €8,065 | €5,303 | -€2,763 | -34.3% |
| Taxes, remuneration and social security | 45 | €90,072 | €71,954 | -€18,118 | -20.1% |
| Taxes | 450/3 | €78,316 | €58,626 | -€19,690 | -25.1% |
| Remuneration and social security | 454/9 | €11,756 | €13,328 | +€1,572 | +13.4% |
| Other amounts payable | 47/48 | €1,599 | €513 | -€1,086 | -67.9% |
| Remuneration, social security and pensions | 62 | €147,514 | €189,494 | +€41,980 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,550 | €31,761 | +€23,210 | +271% |
| Other operating charges | 640/8 | €2,134 | €6,215 | +€4,081 | +191% |
| Gross operating margin | 9900 | €171,067 | €265,343 | +€94,276 | +55.1% |
| Operating profit (loss) | 9901 | €12,869 | €37,874 | +€25,005 | +194% |
| Financial income | 75/76B | - | €1,332 | +€1,332 | |
| Recurring financial income | 75 | - | €1,332 | +€1,332 | |
| Financial charges | 65/66B | €3,489 | €12,129 | +€8,640 | +248% |
| Recurring financial charges | 65 | €3,489 | €12,129 | +€8,640 | +248% |
| Profit (loss) for the period before taxes | 9903 | €9,379 | €27,077 | +€17,697 | +189% |
| Income taxes | 67/77 | €2,630 | €23,203 | +€20,574 | +782% |
| Profit (loss) for the period | 9904 | €6,750 | €3,873 | -€2,876 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,750 | €3,873 | -€2,876 | -42.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.