BALAES IMMO: 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.
BALAES IMMO
Largest movements
- Receivables within one year +€103,150
up €103,150 (+407.4%), from €25,319 to €128,469
of which Trade receivables: +€101,653
- Cash -€62,605
down €62,605 (-30.0%), from €208,994 to €146,389
mainly Receivables within one year (-€103,150) and Contributions, distributions and other (-€66,000)
- Tangible fixed assets -€6,993
down €6,993 (-3.8%), from €183,024 to €176,031
- Other debts +€66,000
new in 2025: €66,000
- Tax, wage and social debts -€34,166
down €34,166 (-64.6%), from €52,915 to €18,749
- Gross operating margin -€9,613
down €9,613 (-8.1%), from €119,158 to €109,546
- Taxes -€1,776
down €1,776 (-7.2%), from €24,601 to €22,825
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.
Cash bridge derived
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 | €417,337 | €450,889 | +€33,553 | +8.0% |
| Fixed assets | 21/28 | €183,024 | €176,031 | -€6,993 | -3.8% |
| Tangible fixed assets | 22/27 | €183,024 | €176,031 | -€6,993 | -3.8% |
| Land and buildings | 22 | €183,024 | €176,031 | -€6,993 | -3.8% |
| Current assets | 29/58 | €234,313 | €274,859 | +€40,545 | +17.3% |
| Amounts receivable within one year | 40/41 | €25,319 | €128,469 | +€103,150 | +407.4% |
| Trade receivables | 40 | €25,319 | €126,972 | +€101,653 | +401.5% |
| Other amounts receivable | 41 | €0 | €1,497 | +€1,497 | |
| Cash at bank and in hand | 54/58 | €208,994 | €146,389 | -€62,605 | -30.0% |
| Total equity and liabilities | 10/49 | €417,337 | €450,889 | +€33,553 | +8.0% |
| Equity | 10/15 | €364,421 | €364,495 | +€74 | 0.0% |
| Contributions | 10/11 | €168,908 | €168,908 | = | 0.0% |
| Reserves | 13 | €195,513 | €195,513 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,184 | €10,184 | = | 0.0% |
| Distributable reserves | 133 | €185,329 | €185,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €74 | +€74 | |
| Amounts payable | 17/49 | €52,915 | €86,394 | +€33,479 | +63.3% |
| Amounts payable within one year | 42/48 | €52,915 | €86,394 | +€33,479 | +63.3% |
| Trade debts | 44 | €0 | €1,646 | +€1,646 | |
| Suppliers | 440/4 | €0 | €1,646 | +€1,646 | |
| Taxes, remuneration and social security | 45 | €52,915 | €18,749 | -€34,166 | -64.6% |
| Taxes | 450/3 | €52,915 | €18,749 | -€34,166 | -64.6% |
| Other amounts payable | 47/48 | - | €66,000 | +€66,000 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,446 | €6,993 | -€453 | -6.1% |
| Other operating charges | 640/8 | €13,098 | €13,509 | +€411 | +3.1% |
| Gross operating margin | 9900 | €119,158 | €109,546 | -€9,613 | -8.1% |
| Operating profit (loss) | 9901 | €98,614 | €89,044 | -€9,570 | -9.7% |
| Financial charges | 65/66B | €210 | €145 | -€65 | -30.9% |
| Recurring financial charges | 65 | €210 | €145 | -€65 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €98,404 | €88,898 | -€9,506 | -9.7% |
| Income taxes | 67/77 | €24,601 | €22,825 | -€1,776 | -7.2% |
| Profit (loss) for the period | 9904 | €73,803 | €66,074 | -€7,729 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,803 | €66,074 | -€7,729 | -10.5% |
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 12 October 2026 via checked.be.