BALAJAN CONSTRUCT: 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.
BALAJAN CONSTRUCT
Largest movements
- Tangible fixed assets +€30,711
up €30,711 (+474.2%), from €6,476 to €37,187
- Receivables within one year +€14,421
up €14,421 (+22.3%), from €64,717 to €79,137
of which Other amounts receivable: +€10,987
- Debts after one year +€24,458
up €24,458 (+3995.4%), from €612 to €25,071
- Trade debts +€13,579
up €13,579 (+89.8%), from €15,120 to €28,699
of which Suppliers: +€14,423
- Current portion of long-term debt +€3,449
up €3,449 (+46.2%), from €7,464 to €10,913
- Reserves +€3,000
new in 2026: €3,000
- Financial charges -€15,046
down €15,046 (-96.9%), from €15,524 to €478
of which Non-recurring financial charges: -€12,863
- Financial income -€10,714
no longer reported in 2026 (was €10,714)
of which Financial income: -€10,714
- Gross operating margin -€7,757
down €7,757 (-28.9%), from €26,799 to €19,042
- Other operating charges -€1,417
down €1,417 (-74.0%), from €1,915 to €498
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,394 | €116,324 | +€44,930 | +62.9% |
| Fixed assets | 21/28 | €6,476 | €37,187 | +€30,711 | +474.2% |
| Tangible fixed assets | 22/27 | €6,476 | €37,187 | +€30,711 | +474.2% |
| Furniture and vehicles | 24 | €6,476 | €37,187 | +€30,711 | +474.2% |
| Current assets | 29/58 | €64,918 | €79,137 | +€14,219 | +21.9% |
| Amounts receivable within one year | 40/41 | €64,717 | €79,137 | +€14,421 | +22.3% |
| Trade receivables | 40 | €24,572 | €28,005 | +€3,434 | +14.0% |
| Other amounts receivable | 41 | €40,145 | €51,132 | +€10,987 | +27.4% |
| Cash at bank and in hand | 54/58 | €201 | - | -€201 | |
| Total equity and liabilities | 10/49 | €71,394 | €116,324 | +€44,930 | +62.9% |
| Equity | 10/15 | €45,521 | €48,538 | +€3,016 | +6.6% |
| Contributions | 10/11 | €3,900 | €3,900 | = | 0.0% |
| Reserves | 13 | - | €3,000 | +€3,000 | |
| Non-distributable reserves | 130/1 | - | €3,000 | +€3,000 | |
| Other | 1319 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €41,621 | €41,638 | +€16 | 0.0% |
| Amounts payable | 17/49 | €25,872 | €67,786 | +€41,914 | +162.0% |
| Amounts payable after more than one year | 17 | €612 | €25,071 | +€24,458 | +3995.4% |
| Financial debts | 170/4 | €612 | €25,071 | +€24,458 | +3995.4% |
| Amounts payable within one year | 42/48 | €25,260 | €42,716 | +€17,455 | +69.1% |
| Current portion of amounts payable after more than one year | 42 | €7,464 | €10,913 | +€3,449 | +46.2% |
| Financial debts | 43 | €17 | €249 | +€232 | +1350.1% |
| Credit institutions | 430/8 | €17 | €249 | +€232 | +1350.1% |
| Trade debts | 44 | €15,120 | €28,699 | +€13,579 | +89.8% |
| Suppliers | 440/4 | €13,827 | €28,249 | +€14,423 | +104.3% |
| Bills of exchange payable | 441 | €1,293 | €450 | -€843 | -65.2% |
| Taxes, remuneration and social security | 45 | €2,659 | €2,855 | +€195 | +7.3% |
| Taxes | 450/3 | €2,659 | €2,855 | +€195 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,125 | €13,038 | -€87 | -0.7% |
| Other operating charges | 640/8 | €1,915 | €498 | -€1,417 | -74.0% |
| Gross operating margin | 9900 | €26,799 | €19,042 | -€7,757 | -28.9% |
| Operating profit (loss) | 9901 | €11,759 | €5,506 | -€6,253 | -53.2% |
| Financial income | 75/76B | €10,714 | - | -€10,714 | |
| Recurring financial income | 75 | €10,714 | - | -€10,714 | |
| Non-recurring financial income | 76B | €10,714 | - | -€10,714 | |
| Financial charges | 65/66B | €15,524 | €478 | -€15,046 | -96.9% |
| Recurring financial charges | 65 | €2,616 | €434 | -€2,182 | -83.4% |
| Non-recurring financial charges | 66B | €12,908 | €44 | -€12,863 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €6,950 | €5,028 | -€1,922 | -27.7% |
| Income taxes | 67/77 | €1,757 | €2,011 | +€254 | +14.5% |
| Profit (loss) for the period | 9904 | €5,192 | €3,016 | -€2,176 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,192 | €3,016 | -€2,176 | -41.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.