Balata: 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.
Balata
Largest movements
- Cash +€155,557
up €155,557 (+1,174%), from €13,253 to €168,811
mainly Depreciation (+€50,064) and Investment in fixed assets (net) (+€41,455)
- Tangible fixed assets -€90,686
down €90,686 (-8.5%), from €1.1m to €978,500
of which Land and buildings: -€66,477
- Receivables within one year +€27,967
up €27,967 (+80.3%), from €34,833 to €62,800
of which Trade receivables: +€36,898
- Debts after one year +€37,601
up €37,601 (+5.5%), from €689,560 to €727,161
- Other debts +€32,369
up €32,369 (+688%), from €4,702 to €37,070
- Profit (loss) carried forward +€14,518
up €14,518 (+3.8%), from €381,476 to €395,995
- Tax, wage and social debts +€13,746
up €13,746 (+283%), from €4,852 to €18,598
- Gross operating margin +€33,663
up €33,663 (+43.0%), from €78,227 to €111,890
- Depreciation +€10,255
up €10,255 (+25.8%), from €39,809 to €50,064
- Financial charges +€9,639
up €9,639 (+48.5%), from €19,867 to €29,505
- Taxes +€7,878
up €7,878 (+255%), from €3,093 to €10,971
- Other operating charges +€2,985
up €2,985 (+137%), from €2,185 to €5,170
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 | €1,157,518 | €1,257,556 | +€100,039 | +8.6% |
| Fixed assets | 21/28 | €1,070,908 | €979,388 | -€91,520 | -8.5% |
| Intangible fixed assets | 21 | €1,721 | €888 | -€833 | -48.4% |
| Tangible fixed assets | 22/27 | €1,069,187 | €978,500 | -€90,686 | -8.5% |
| Land and buildings | 22 | €1,027,665 | €961,188 | -€66,477 | -6.5% |
| Plant, machinery and equipment | 23 | €23,836 | €9,003 | -€14,833 | -62.2% |
| Furniture and vehicles | 24 | €9,678 | €3,509 | -€6,169 | -63.7% |
| Other tangible fixed assets | 26 | €8,008 | €4,800 | -€3,208 | -40.1% |
| Current assets | 29/58 | €86,610 | €278,168 | +€191,559 | +221% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,833 | €62,800 | +€27,967 | +80.3% |
| Trade receivables | 40 | €24,926 | €61,824 | +€36,898 | +148% |
| Other amounts receivable | 41 | €9,907 | €976 | -€8,931 | -90.2% |
| Cash at bank and in hand | 54/58 | €13,253 | €168,811 | +€155,557 | +1,174% |
| Deferred charges and accrued income | 490/1 | €33,524 | €41,558 | +€8,034 | +24.0% |
| Total equity and liabilities | 10/49 | €1,157,518 | €1,257,556 | +€100,039 | +8.6% |
| Equity | 10/15 | €401,881 | €416,400 | +€14,518 | +3.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €381,476 | €395,995 | +€14,518 | +3.8% |
| Amounts payable | 17/49 | €755,636 | €841,157 | +€85,520 | +11.3% |
| Amounts payable after more than one year | 17 | €689,560 | €727,161 | +€37,601 | +5.5% |
| Financial debts | 170/4 | €689,560 | €727,161 | +€37,601 | +5.5% |
| Amounts payable within one year | 42/48 | €63,104 | €113,497 | +€50,393 | +79.9% |
| Current portion of amounts payable after more than one year | 42 | €39,490 | €45,415 | +€5,924 | +15.0% |
| Financial debts | 43 | €1,334 | €306 | -€1,029 | -77.1% |
| Credit institutions | 430/8 | €1,334 | €306 | -€1,029 | -77.1% |
| Trade debts | 44 | €12,725 | €12,108 | -€617 | -4.8% |
| Suppliers | 440/4 | €12,725 | €12,108 | -€617 | -4.8% |
| Taxes, remuneration and social security | 45 | €4,852 | €18,598 | +€13,746 | +283% |
| Taxes | 450/3 | €4,852 | €18,598 | +€13,746 | +283% |
| Other amounts payable | 47/48 | €4,702 | €37,070 | +€32,369 | +688% |
| Accrued charges and deferred income | 492/3 | €2,973 | €500 | -€2,473 | -83.2% |
| Non-recurring operating income | 76A | €36 | €25,612 | +€25,576 | +71,044% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,809 | €50,064 | +€10,255 | +25.8% |
| Other operating charges | 640/8 | €2,185 | €5,170 | +€2,985 | +137% |
| Non-recurring operating charges | 66A | €13,666 | €0 | -€13,666 | -100% |
| Gross operating margin | 9900 | €78,227 | €111,890 | +€33,663 | +43.0% |
| Operating profit (loss) | 9901 | €22,567 | €56,655 | +€34,089 | +151% |
| Financial income | 75/76B | €657 | €6 | -€652 | -99.1% |
| Recurring financial income | 75 | €657 | €6 | -€652 | -99.1% |
| Financial charges | 65/66B | €19,867 | €29,505 | +€9,639 | +48.5% |
| Recurring financial charges | 65 | €19,867 | €29,505 | +€9,639 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €3,357 | €27,156 | +€23,799 | +709% |
| Income taxes | 67/77 | €3,093 | €10,971 | +€7,878 | +255% |
| Profit (loss) for the period | 9904 | €264 | €16,184 | +€15,920 | +6,032% |
| Profit (loss) for the period to be appropriated | 9905 | €264 | €16,184 | +€15,920 | +6,032% |
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 26 October 2026 via checked.be.