BALAT: 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.
BALAT
Largest movements
- Cash +€26,465
up €26,465 (+27.5%), from €96,191 to €122,656
mainly Net result for the year (+€48,110) and Depreciation (+€12,203)
- Tangible fixed assets -€10,187
down €10,187 (-4.6%), from €222,250 to €212,064
of which Furniture and vehicles: -€5,703
- Reserves +€22,000
up €22,000 (+12.1%), from €181,586 to €203,586
of which Distributable reserves: +€22,000
- Tax, wage and social debts -€7,785
down €7,785 (-27.9%), from €27,887 to €20,102
- Accrued charges and deferred income +€6,605
new in 2025: €6,605
- Purchases and services -€1,773
down €1,773 (-6.8%), from €25,938 to €24,165
- Gross operating margin +€1,669
up €1,669 (+1.8%), from €91,571 to €93,240
- Depreciation +€1,458
up €1,458 (+13.6%), from €10,746 to €12,203
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 | €332,147 | €348,984 | +€16,837 | +5.1% |
| Fixed assets | 21/28 | €222,250 | €212,064 | -€10,187 | -4.6% |
| Tangible fixed assets | 22/27 | €222,250 | €212,064 | -€10,187 | -4.6% |
| Land and buildings | 22 | €183,466 | €182,947 | -€519 | -0.3% |
| Plant, machinery and equipment | 23 | €15,315 | €11,351 | -€3,965 | -25.9% |
| Furniture and vehicles | 24 | €23,469 | €17,766 | -€5,703 | -24.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €109,897 | €136,920 | +€27,024 | +24.6% |
| Amounts receivable within one year | 40/41 | €11,547 | €12,120 | +€573 | +5.0% |
| Trade receivables | 40 | €11,547 | €12,120 | +€573 | +5.0% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €96,191 | €122,656 | +€26,465 | +27.5% |
| Deferred charges and accrued income | 490/1 | €2,159 | €2,145 | -€14 | -0.6% |
| Total equity and liabilities | 10/49 | €332,147 | €348,984 | +€16,837 | +5.1% |
| Equity | 10/15 | €266,546 | €286,117 | +€19,571 | +7.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €181,586 | €203,586 | +€22,000 | +12.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €175,386 | €197,386 | +€22,000 | +12.5% |
| Profit (loss) carried forward | 14 | €22,959 | €20,530 | -€2,429 | -10.6% |
| Amounts payable | 17/49 | €65,601 | €62,868 | -€2,734 | -4.2% |
| Amounts payable within one year | 42/48 | €65,601 | €56,263 | -€9,338 | -14.2% |
| Trade debts | 44 | €5,217 | €3,684 | -€1,533 | -29.4% |
| Suppliers | 440/4 | €5,217 | €3,684 | -€1,533 | -29.4% |
| Taxes, remuneration and social security | 45 | €27,887 | €20,102 | -€7,785 | -27.9% |
| Taxes | 450/3 | €27,887 | €20,102 | -€7,785 | -27.9% |
| Other amounts payable | 47/48 | €32,497 | €32,477 | -€20 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €6,605 | +€6,605 | |
| Turnover | 70 | €24,100 | €25,024 | +€924 | +3.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €25,938 | €24,165 | -€1,773 | -6.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,746 | €12,203 | +€1,458 | +13.6% |
| Other operating charges | 640/8 | €9,168 | €9,367 | +€199 | +2.2% |
| Gross operating margin | 9900 | €91,571 | €93,240 | +€1,669 | +1.8% |
| Operating profit (loss) | 9901 | €71,658 | €71,670 | +€12 | 0.0% |
| Financial charges | 65/66B | €232 | €256 | +€25 | +10.6% |
| Recurring financial charges | 65 | €232 | €256 | +€25 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €71,426 | €71,414 | -€13 | 0.0% |
| Income taxes | 67/77 | €23,502 | €23,303 | -€199 | -0.8% |
| Profit (loss) for the period | 9904 | €47,924 | €48,110 | +€186 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,924 | €48,110 | +€186 | +0.4% |
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 16 October 2026 via checked.be.