BALAKA: what changed
BALAKA
Largest movements
- Receivables within one year +€40,496
up €40,496 (+208%), from €19,424 to €59,919
of which Trade receivables: +€37,716
- Cash +€34,995
up €34,995 (+88.8%), from €39,416 to €74,411
mainly Trade debts (+€33,331) and Stocks and contracts (+€24,251)
- Stocks and contracts -€24,251
down €24,251 (-69.6%), from €34,844 to €10,593
- Trade debts +€33,331
up €33,331 (+111%), from €29,986 to €63,317
- Tax, wage and social debts +€9,064
up €9,064 (+104%), from €8,709 to €17,773
of which Remuneration and social security: +€5,304
- Profit (loss) carried forward +€8,219
up €8,219 (+23.2%), from €35,443 to €43,663
- Gross operating margin -€12,850
down €12,850 (-28.7%), from €44,706 to €31,856
- Other operating charges -€9,696
down €9,696 (-90.1%), from €10,764 to €1,068
- Depreciation -€7,653
down €7,653 (-93.9%), from €8,154 to €501
- Taxes +€2,210
up €2,210 (+551%), from €401 to €2,611
- Staff costs -€2,109
down €2,109 (-12.2%), from €17,318 to €15,209
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,589 | €145,204 | +€50,614 | +53.5% |
| Fixed assets | 21/28 | €781 | €280 | -€501 | -64.1% |
| Tangible fixed assets | 22/27 | €501 | - | -€501 | |
| Furniture and vehicles | 24 | €501 | - | -€501 | |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €93,808 | €144,923 | +€51,115 | +54.5% |
| Stocks and contracts in progress | 3 | €34,844 | €10,593 | -€24,251 | -69.6% |
| Stocks | 30/36 | €34,844 | €10,593 | -€24,251 | -69.6% |
| Amounts receivable within one year | 40/41 | €19,424 | €59,919 | +€40,496 | +208% |
| Trade receivables | 40 | €7,914 | €45,630 | +€37,716 | +477% |
| Other amounts receivable | 41 | €11,510 | €14,289 | +€2,780 | +24.2% |
| Cash at bank and in hand | 54/58 | €39,416 | €74,411 | +€34,995 | +88.8% |
| Deferred charges and accrued income | 490/1 | €125 | - | -€125 | |
| Total equity and liabilities | 10/49 | €94,589 | €145,204 | +€50,614 | +53.5% |
| Equity | 10/15 | €55,895 | €64,114 | +€8,219 | +14.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,443 | €43,663 | +€8,219 | +23.2% |
| Amounts payable | 17/49 | €38,695 | €81,090 | +€42,395 | +110% |
| Amounts payable within one year | 42/48 | €38,695 | €81,090 | +€42,395 | +110% |
| Trade debts | 44 | €29,986 | €63,317 | +€33,331 | +111% |
| Suppliers | 440/4 | €29,986 | €63,317 | +€33,331 | +111% |
| Taxes, remuneration and social security | 45 | €8,709 | €17,773 | +€9,064 | +104% |
| Taxes | 450/3 | €339 | €4,100 | +€3,760 | +1,108% |
| Remuneration and social security | 454/9 | €8,370 | €13,674 | +€5,304 | +63.4% |
| Remuneration, social security and pensions | 62 | €17,318 | €15,209 | -€2,109 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,154 | €501 | -€7,653 | -93.9% |
| Other operating charges | 640/8 | €10,764 | €1,068 | -€9,696 | -90.1% |
| Gross operating margin | 9900 | €44,706 | €31,856 | -€12,850 | -28.7% |
| Operating profit (loss) | 9901 | €8,470 | €15,078 | +€6,608 | +78.0% |
| Financial income | 75/76B | €5 | €1 | -€5 | -88.1% |
| Recurring financial income | 75 | €5 | €1 | -€5 | -88.1% |
| Financial charges | 65/66B | €3,810 | €4,249 | +€439 | +11.5% |
| Recurring financial charges | 65 | €3,810 | €4,249 | +€439 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €4,665 | €10,830 | +€6,165 | +132% |
| Income taxes | 67/77 | €401 | €2,611 | +€2,210 | +551% |
| Profit (loss) for the period | 9904 | €4,265 | €8,219 | +€3,955 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,265 | €8,219 | +€3,955 | +92.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.