Balan - Tordeur: what changed
Balan - Tordeur
Largest movements
- Receivables within one year -€11,932
no longer reported in 2025 (was €11,932)
- Cash -€4,612
down €4,612 (-9.1%), from €50,462 to €45,850
mainly Net result for the year (-€15,778) and Investment in fixed assets (net) (-€1,500)
- Tangible fixed assets +€929
up €929 (+120%), from €773 to €1,702
of which Land and buildings: +€1,362
- Profit (loss) carried forward -€15,778
down €15,778 (-99.4%), from €15,870 to €92
- Gross operating margin -€27,194
down €27,194, from €23,857 to -€3,337
- Other operating charges +€10,255
up €10,255 (+5,806%), from €177 to €10,432
- Taxes -€905
down €905 (-45.3%), from €2,000 to €1,095
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 | €63,331 | €47,552 | -€15,779 | -24.9% |
| Fixed assets | 21/28 | €937 | €1,702 | +€765 | +81.6% |
| Intangible fixed assets | 21 | €164 | €0 | -€164 | -100% |
| Tangible fixed assets | 22/27 | €773 | €1,702 | +€929 | +120% |
| Land and buildings | 22 | - | €1,362 | +€1,362 | |
| Plant, machinery and equipment | 23 | €498 | €332 | -€166 | -33.4% |
| Furniture and vehicles | 24 | €275 | €9 | -€266 | -96.8% |
| Current assets | 29/58 | €62,394 | €45,850 | -€16,544 | -26.5% |
| Amounts receivable within one year | 40/41 | €11,932 | - | -€11,932 | |
| Other amounts receivable | 41 | €11,932 | - | -€11,932 | |
| Cash at bank and in hand | 54/58 | €50,462 | €45,850 | -€4,612 | -9.1% |
| Total equity and liabilities | 10/49 | €63,331 | €47,552 | -€15,779 | -24.9% |
| Equity | 10/15 | €61,330 | €45,552 | -€15,778 | -25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,870 | €92 | -€15,778 | -99.4% |
| Amounts payable | 17/49 | €2,001 | €2,000 | -€1 | 0.0% |
| Amounts payable within one year | 42/48 | €2,001 | €2,000 | -€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €2,001 | €2,000 | -€1 | 0.0% |
| Taxes | 450/3 | €2,001 | €2,000 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €612 | €735 | +€123 | +20.0% |
| Other operating charges | 640/8 | €177 | €10,432 | +€10,255 | +5,806% |
| Gross operating margin | 9900 | €23,857 | -€3,337 | -€27,194 | |
| Operating profit (loss) | 9901 | €23,068 | -€14,504 | -€37,572 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €163 | €180 | +€17 | +10.4% |
| Recurring financial charges | 65 | €163 | €180 | +€17 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €22,905 | -€14,683 | -€37,588 | |
| Income taxes | 67/77 | €2,000 | €1,095 | -€905 | -45.3% |
| Profit (loss) for the period | 9904 | €20,905 | -€15,778 | -€36,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,905 | -€15,778 | -€36,683 |
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.