BALANSA: 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.
BALANSA
Largest movements
- Tangible fixed assets -€566,727
down €566,727 (-93.6%), from €605,586 to €38,859
of which Land and buildings: -€545,021
- Cash +€73,555
up €73,555 (+107%), from €68,755 to €142,310
mainly Investment in fixed assets (net) (+€545,021) and Receivables within one year (+€27,320)
- Receivables within one year -€27,320
down €27,320 (-17.1%), from €159,837 to €132,517
of which Trade receivables: -€27,639
- Other debts -€396,751
down €396,751 (-96.8%), from €409,814 to €13,063
- Trade debts -€65,699
down €65,699 (-94.3%), from €69,683 to €3,984
- Tax, wage and social debts -€35,126
down €35,126 (-85.5%), from €41,064 to €5,938
of which Taxes: -€35,144
- Debts after one year -€12,205
down €12,205 (-85.6%), from €14,250 to €2,045
- Gross operating margin -€20,086
down €20,086 (-43.0%), from €46,702 to €26,616
- Financial charges -€17,474
down €17,474 (-76.4%), from €22,876 to €5,401
- Depreciation -€1,087
down €1,087 (-4.8%), from €22,793 to €21,706
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.
Derived cash bridge
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 | €857,335 | €337,388 | -€519,947 | -60.6% |
| Fixed assets | 21/28 | €627,386 | €60,659 | -€566,727 | -90.3% |
| Tangible fixed assets | 22/27 | €605,586 | €38,859 | -€566,727 | -93.6% |
| Land and buildings | 22 | €545,021 | - | -€545,021 | |
| Plant, machinery and equipment | 23 | €1,461 | €730 | -€732 | -50.1% |
| Furniture and vehicles | 24 | €51,084 | €30,110 | -€20,975 | -41.1% |
| Other tangible fixed assets | 26 | €8,020 | €8,020 | = | 0.0% |
| Financial fixed assets | 28 | €21,800 | €21,800 | = | 0.0% |
| Current assets | 29/58 | €229,949 | €276,729 | +€46,780 | +20.3% |
| Amounts receivable within one year | 40/41 | €159,837 | €132,517 | -€27,320 | -17.1% |
| Trade receivables | 40 | €88,341 | €60,702 | -€27,639 | -31.3% |
| Other amounts receivable | 41 | €71,495 | €71,815 | +€319 | +0.4% |
| Cash at bank and in hand | 54/58 | €68,755 | €142,310 | +€73,555 | +107% |
| Deferred charges and accrued income | 490/1 | €1,357 | €1,902 | +€545 | +40.2% |
| Total equity and liabilities | 10/49 | €857,335 | €337,388 | -€519,947 | -60.6% |
| Equity | 10/15 | €299,608 | €297,399 | -€2,209 | -0.7% |
| Contributions | 10/11 | €61,600 | €61,600 | = | 0.0% |
| Capital | 10 | €61,600 | €61,600 | = | 0.0% |
| Issued capital | 100 | €61,600 | €61,600 | = | 0.0% |
| Reserves | 13 | €238,955 | €238,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,160 | €6,160 | = | 0.0% |
| Legal reserve | 130 | €6,160 | €6,160 | = | 0.0% |
| Distributable reserves | 133 | €232,795 | €232,795 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€947 | -€3,156 | -€2,209 | -233% |
| Amounts payable | 17/49 | €557,727 | €39,989 | -€517,738 | -92.8% |
| Amounts payable after more than one year | 17 | €14,250 | €2,045 | -€12,205 | -85.6% |
| Financial debts | 170/4 | €14,250 | €2,045 | -€12,205 | -85.6% |
| Amounts payable within one year | 42/48 | €532,654 | €35,190 | -€497,464 | -93.4% |
| Current portion of amounts payable after more than one year | 42 | €12,092 | €12,205 | +€113 | +0.9% |
| Trade debts | 44 | €69,683 | €3,984 | -€65,699 | -94.3% |
| Suppliers | 440/4 | €69,683 | €3,984 | -€65,699 | -94.3% |
| Taxes, remuneration and social security | 45 | €41,064 | €5,938 | -€35,126 | -85.5% |
| Taxes | 450/3 | €38,084 | €2,939 | -€35,144 | -92.3% |
| Remuneration and social security | 454/9 | €2,981 | €2,999 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €409,814 | €13,063 | -€396,751 | -96.8% |
| Accrued charges and deferred income | 492/3 | €10,823 | €2,754 | -€8,069 | -74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,793 | €21,706 | -€1,087 | -4.8% |
| Other operating charges | 640/8 | €830 | €868 | +€39 | +4.7% |
| Gross operating margin | 9900 | €46,702 | €26,616 | -€20,086 | -43.0% |
| Operating profit (loss) | 9901 | €23,079 | €4,041 | -€19,038 | -82.5% |
| Financial income | 75/76B | €3 | €0 | -€3 | -93.3% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -93.3% |
| Financial charges | 65/66B | €22,876 | €5,401 | -€17,474 | -76.4% |
| Recurring financial charges | 65 | €22,876 | €5,401 | -€17,474 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €206 | -€1,360 | -€1,567 | |
| Income taxes | 67/77 | €1,153 | €849 | -€305 | -26.4% |
| Profit (loss) for the period | 9904 | -€947 | -€2,209 | -€1,262 | -133% |
| Profit (loss) for the period to be appropriated | 9905 | -€947 | -€2,209 | -€1,262 | -133% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.