BALBAS: what changed
Two fiscal 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.
BALBAS
Largest movements
- Cash -€414,286
down €414,286 (-52.9%), from €783,706 to €369,420
mainly Other debts (-€405,968) and Current investments (-€259,429)
- Current investments +€259,429
up €259,429 (+45434.2%), from €571 to €260,000
- Tangible fixed assets -€189,591
down €189,591 (-5.3%), from €3.6m to €3.4m
of which Land and buildings: -€120,496
- Other debts -€405,968
down €405,968 (-65.4%), from €621,028 to €215,060
- Reserves +€212,350
up €212,350 (+155.8%), from €136,300 to €348,650
of which Tax-exempt reserves: +€147,350
- Debts after one year -€211,786
down €211,786 (-9.0%), from €2.3m to €2.1m
- Profit (loss) carried forward +€59,221
up €59,221 (+6.9%), from €854,901 to €914,122
- Gross operating margin +€114,270
up €114,270 (+22.4%), from €509,745 to €624,015
- Taxes +€34,151
up €34,151 (+54.5%), from €62,701 to €96,852
- Other operating charges -€32,887
down €32,887 (-43.2%), from €76,098 to €43,211
- Depreciation +€7,761
up €7,761 (+4.2%), from €184,269 to €192,030
- Financial income +€7,497
up €7,497 (+26.7%), from €28,043 to €35,540
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,384,896 | €4,038,642 | -€346,254 | -7.9% |
| Fixed assets | 21/28 | €3,585,689 | €3,396,098 | -€189,591 | -5.3% |
| Tangible fixed assets | 22/27 | €3,585,689 | €3,396,098 | -€189,591 | -5.3% |
| Land and buildings | 22 | €3,245,216 | €3,124,720 | -€120,496 | -3.7% |
| Plant, machinery and equipment | 23 | €340,473 | €271,378 | -€69,095 | -20.3% |
| Current assets | 29/58 | €799,207 | €642,544 | -€156,663 | -19.6% |
| Amounts receivable within one year | 40/41 | €12,640 | €9,479 | -€3,161 | -25.0% |
| Trade receivables | 40 | €3,161 | - | -€3,161 | |
| Other amounts receivable | 41 | €9,479 | €9,479 | = | 0.0% |
| Current investments | 50/53 | €571 | €260,000 | +€259,429 | +45434.2% |
| Cash at bank and in hand | 54/58 | €783,706 | €369,420 | -€414,286 | -52.9% |
| Deferred charges and accrued income | 490/1 | €2,290 | €3,645 | +€1,355 | +59.2% |
| Total equity and liabilities | 10/49 | €4,384,896 | €4,038,642 | -€346,254 | -7.9% |
| Equity | 10/15 | €1,173,093 | €1,424,849 | +€251,756 | +21.5% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €136,300 | €348,650 | +€212,350 | +155.8% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €147,350 | +€147,350 | |
| Distributable reserves | 133 | €130,000 | €195,000 | +€65,000 | +50.0% |
| Profit (loss) carried forward | 14 | €854,901 | €914,122 | +€59,221 | +6.9% |
| Investment grants | 15 | €118,892 | €99,077 | -€19,815 | -16.7% |
| Amounts payable | 17/49 | €3,211,803 | €2,613,793 | -€598,010 | -18.6% |
| Amounts payable after more than one year | 17 | €2,343,593 | €2,131,807 | -€211,786 | -9.0% |
| Financial debts | 170/4 | €2,343,593 | €2,131,807 | -€211,786 | -9.0% |
| Amounts payable within one year | 42/48 | €863,256 | €473,054 | -€390,202 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €217,582 | €211,786 | -€5,796 | -2.7% |
| Trade debts | 44 | €1,199 | €37,598 | +€36,399 | +3035.8% |
| Suppliers | 440/4 | €1,199 | €37,598 | +€36,399 | +3035.8% |
| Advances received on contracts in progress | 46 | €7,115 | €1,246 | -€5,869 | -82.5% |
| Taxes, remuneration and social security | 45 | €16,332 | €7,364 | -€8,968 | -54.9% |
| Taxes | 450/3 | €16,332 | €7,364 | -€8,968 | -54.9% |
| Other amounts payable | 47/48 | €621,028 | €215,060 | -€405,968 | -65.4% |
| Accrued charges and deferred income | 492/3 | €4,954 | €8,932 | +€3,978 | +80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,269 | €192,030 | +€7,761 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,622 | +€5,622 | |
| Other operating charges | 640/8 | €76,098 | €43,211 | -€32,887 | -43.2% |
| Gross operating margin | 9900 | €509,745 | €624,015 | +€114,270 | +22.4% |
| Operating profit (loss) | 9901 | €249,378 | €383,152 | +€133,774 | +53.6% |
| Financial income | 75/76B | €28,043 | €35,540 | +€7,497 | +26.7% |
| Recurring financial income | 75 | €28,043 | €35,540 | +€7,497 | +26.7% |
| Financial charges | 65/66B | €43,234 | €50,269 | +€7,035 | +16.3% |
| Recurring financial charges | 65 | €43,234 | €50,269 | +€7,035 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €234,187 | €368,423 | +€134,236 | +57.3% |
| Income taxes | 67/77 | €62,701 | €96,852 | +€34,151 | +54.5% |
| Profit (loss) for the period | 9904 | €171,486 | €271,571 | +€100,085 | +58.4% |
| Transfer to tax-exempt reserves | 689 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €171,486 | €124,221 | -€47,265 | -27.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.