BALBO TRANSLATION: 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.
BALBO TRANSLATION
Largest movements
- Tangible fixed assets -€7,907
down €7,907 (-25.9%), from €30,546 to €22,639
of which Other tangible fixed assets: -€4,763
- Cash +€6,046
up €6,046 (+158%), from €3,819 to €9,865
mainly Depreciation (+€8,175) and Receivables within one year (+€2,509)
- Receivables within one year -€2,509
down €2,509 (-88.3%), from €2,843 to €334
- Trade debts -€2,624
down €2,624 (-49.1%), from €5,339 to €2,715
- Debts after one year -€1,885
down €1,885 (-4.6%), from €40,762 to €38,877
of which Other amounts payable: -€1,026
- Current portion of long-term debt -€827
down €827 (-49.1%), from €1,686 to €859
- Tax, wage and social debts +€519
up €519 (+111%), from €469 to €988
- Depreciation -€1,656
down €1,656 (-16.8%), from €9,831 to €8,175
- Gross operating margin -€1,253
down €1,253 (-11.6%), from €10,783 to €9,530
- Other operating charges +€215
up €215 (+37.7%), from €570 to €785
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 | €38,218 | €33,580 | -€4,638 | -12.1% |
| Formation expenses | 20 | €1,010 | €742 | -€268 | -26.5% |
| Fixed assets | 21/28 | €30,546 | €22,639 | -€7,907 | -25.9% |
| Tangible fixed assets | 22/27 | €30,546 | €22,639 | -€7,907 | -25.9% |
| Furniture and vehicles | 24 | €4,891 | €1,747 | -€3,144 | -64.3% |
| Other tangible fixed assets | 26 | €25,655 | €20,892 | -€4,763 | -18.6% |
| Current assets | 29/58 | €6,662 | €10,199 | +€3,537 | +53.1% |
| Amounts receivable within one year | 40/41 | €2,843 | €334 | -€2,509 | -88.3% |
| Trade receivables | 40 | €2,843 | €334 | -€2,509 | -88.3% |
| Cash at bank and in hand | 54/58 | €3,819 | €9,865 | +€6,046 | +158% |
| Total equity and liabilities | 10/49 | €38,218 | €33,580 | -€4,638 | -12.1% |
| Equity | 10/15 | -€10,988 | -€10,809 | +€179 | +1.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,488 | -€32,309 | +€179 | +0.6% |
| Amounts payable | 17/49 | €49,206 | €44,389 | -€4,817 | -9.8% |
| Amounts payable after more than one year | 17 | €40,762 | €38,877 | -€1,885 | -4.6% |
| Financial debts | 170/4 | €859 | - | -€859 | |
| Other amounts payable | 178/9 | €39,903 | €38,877 | -€1,026 | -2.6% |
| Amounts payable within one year | 42/48 | €8,444 | €5,512 | -€2,932 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €1,686 | €859 | -€827 | -49.1% |
| Trade debts | 44 | €5,339 | €2,715 | -€2,624 | -49.1% |
| Suppliers | 440/4 | €5,339 | €2,715 | -€2,624 | -49.1% |
| Taxes, remuneration and social security | 45 | €469 | €988 | +€519 | +111% |
| Taxes | 450/3 | €469 | €988 | +€519 | +111% |
| Other amounts payable | 47/48 | €950 | €950 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,831 | €8,175 | -€1,656 | -16.8% |
| Other operating charges | 640/8 | €570 | €785 | +€215 | +37.7% |
| Gross operating margin | 9900 | €10,783 | €9,530 | -€1,253 | -11.6% |
| Operating profit (loss) | 9901 | €382 | €570 | +€188 | +49.2% |
| Financial charges | 65/66B | €255 | €221 | -€34 | -13.3% |
| Recurring financial charges | 65 | €255 | €221 | -€34 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €127 | €349 | +€222 | +175% |
| Income taxes | 67/77 | €178 | €170 | -€8 | -4.5% |
| Profit (loss) for the period | 9904 | -€51 | €179 | +€230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51 | €179 | +€230 |
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 30 October 2026 via checked.be.