Balastrim: 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.
Balastrim
Largest movements
- Receivables within one year +€72,577
up €72,577 (+151%), from €48,070 to €120,647
of which Trade receivables: +€64,380
- Cash +€3,653
up €3,653 (+242%), from €1,511 to €5,164
mainly Net result for the year (+€38,684) and Other debts (+€17,794)
- Reserves +€38,684
up €38,684 (+170%), from €22,695 to €61,379
- Other debts +€17,794
up €17,794 (+151%), from €11,807 to €29,601
- Tax, wage and social debts +€12,221
up €12,221 (+90.2%), from €13,555 to €25,776
- Trade debts +€8,643
up €8,643 (+433%), from €1,997 to €10,640
- Gross operating margin +€19,023
up €19,023 (+54.8%), from €34,685 to €53,708
- Taxes +€5,329
up €5,329 (+67.5%), from €7,892 to €13,220
- Depreciation -€1,014
down €1,014 (-63.4%), from €1,601 to €587
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 | €50,254 | €127,596 | +€77,342 | +154% |
| Fixed assets | 21/28 | €673 | €1,785 | +€1,112 | +165% |
| Tangible fixed assets | 22/27 | €673 | €1,785 | +€1,112 | +165% |
| Plant, machinery and equipment | 23 | €673 | €1,785 | +€1,112 | +165% |
| Current assets | 29/58 | €49,581 | €125,811 | +€76,230 | +154% |
| Amounts receivable within one year | 40/41 | €48,070 | €120,647 | +€72,577 | +151% |
| Trade receivables | 40 | €21,175 | €85,555 | +€64,380 | +304% |
| Other amounts receivable | 41 | €26,895 | €35,092 | +€8,197 | +30.5% |
| Cash at bank and in hand | 54/58 | €1,511 | €5,164 | +€3,653 | +242% |
| Total equity and liabilities | 10/49 | €50,254 | €127,596 | +€77,342 | +154% |
| Equity | 10/15 | €22,895 | €61,579 | +€38,684 | +169% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €22,695 | €61,379 | +€38,684 | +170% |
| Distributable reserves | 133 | €22,695 | €61,379 | +€38,684 | +170% |
| Amounts payable | 17/49 | €27,359 | €66,017 | +€38,658 | +141% |
| Amounts payable within one year | 42/48 | €27,359 | €66,017 | +€38,658 | +141% |
| Trade debts | 44 | €1,997 | €10,640 | +€8,643 | +433% |
| Suppliers | 440/4 | €1,997 | €10,640 | +€8,643 | +433% |
| Taxes, remuneration and social security | 45 | €13,555 | €25,776 | +€12,221 | +90.2% |
| Taxes | 450/3 | €13,555 | €25,776 | +€12,221 | +90.2% |
| Other amounts payable | 47/48 | €11,807 | €29,601 | +€17,794 | +151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,601 | €587 | -€1,014 | -63.4% |
| Other operating charges | 640/8 | €1,399 | €1,012 | -€387 | -27.7% |
| Gross operating margin | 9900 | €34,685 | €53,708 | +€19,023 | +54.8% |
| Operating profit (loss) | 9901 | €31,685 | €52,109 | +€20,424 | +64.5% |
| Financial income | 75/76B | €8 | €6 | -€2 | -29.3% |
| Recurring financial income | 75 | €8 | €6 | -€2 | -29.3% |
| Financial charges | 65/66B | €118 | €210 | +€92 | +78.5% |
| Recurring financial charges | 65 | €118 | €210 | +€92 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €31,576 | €51,905 | +€20,329 | +64.4% |
| Income taxes | 67/77 | €7,892 | €13,220 | +€5,329 | +67.5% |
| Profit (loss) for the period | 9904 | €23,684 | €38,684 | +€15,000 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,684 | €38,684 | +€15,000 | +63.3% |
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 18 October 2026 via checked.be.