BALBOR: 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.
BALBOR
Largest movements
- Cash +€57,799
up €57,799 (+2,231%), from €2,590 to €60,389
mainly Other debts (+€79,797) and Current portion of long-term debt (+€14,642)
- Receivables within one year +€26,000
up €26,000 (+23.8%), from €109,150 to €135,150
of which Trade receivables: +€106,000
- Tangible fixed assets +€16,100
up €16,100 (+186%), from €8,665 to €24,765
of which Furniture and vehicles: +€18,258
- Other debts +€79,797
up €79,797 (+299%), from €26,680 to €106,477
- Current portion of long-term debt +€14,642
new in 2025: €14,642
- Profit (loss) carried forward +€7,143
up €7,143 (+13.3%), from €53,659 to €60,802
- Trade debts -€6,775
down €6,775 (-23.7%), from €28,600 to €21,825
- Tax, wage and social debts +€2,687
up €2,687 (+10.1%), from €26,700 to €29,387
of which Taxes: +€2,687
- Financial income -€40,000
no longer reported in 2025 (was €40,000)
of which Non-recurring financial income: -€40,000
- Gross operating margin +€32,319
up €32,319, from -€5,848 to €26,471
- Depreciation -€3,592
down €3,592 (-21.6%), from €16,656 to €13,064
- Taxes +€1,690
up €1,690 (+122%), from €1,388 to €3,078
- Financial charges +€1,337
up €1,337 (+149%), from €895 to €2,232
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 | €143,699 | €243,688 | +€99,990 | +69.6% |
| Fixed assets | 21/28 | €29,915 | €46,015 | +€16,100 | +53.8% |
| Tangible fixed assets | 22/27 | €8,665 | €24,765 | +€16,100 | +186% |
| Plant, machinery and equipment | 23 | €5,226 | €3,068 | -€2,158 | -41.3% |
| Furniture and vehicles | 24 | €3,439 | €21,697 | +€18,258 | +531% |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €21,250 | €21,250 | = | 0.0% |
| Current assets | 29/58 | €113,784 | €197,673 | +€83,889 | +73.7% |
| Amounts receivable within one year | 40/41 | €109,150 | €135,150 | +€26,000 | +23.8% |
| Trade receivables | 40 | €29,150 | €135,150 | +€106,000 | +364% |
| Other amounts receivable | 41 | €80,000 | - | -€80,000 | |
| Cash at bank and in hand | 54/58 | €2,590 | €60,389 | +€57,799 | +2,231% |
| Deferred charges and accrued income | 490/1 | €2,043 | €2,134 | +€91 | +4.4% |
| Total equity and liabilities | 10/49 | €143,699 | €243,688 | +€99,990 | +69.6% |
| Equity | 10/15 | €61,719 | €68,862 | +€7,143 | +11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,659 | €60,802 | +€7,143 | +13.3% |
| Amounts payable | 17/49 | €81,979 | €174,826 | +€92,847 | +113% |
| Amounts payable after more than one year | 17 | - | €2,495 | +€2,495 | |
| Financial debts | 170/4 | - | €2,495 | +€2,495 | |
| Amounts payable within one year | 42/48 | €81,979 | €172,331 | +€90,352 | +110% |
| Current portion of amounts payable after more than one year | 42 | - | €14,642 | +€14,642 | |
| Trade debts | 44 | €28,600 | €21,825 | -€6,775 | -23.7% |
| Suppliers | 440/4 | €28,600 | €21,825 | -€6,775 | -23.7% |
| Taxes, remuneration and social security | 45 | €26,700 | €29,387 | +€2,687 | +10.1% |
| Taxes | 450/3 | €14,304 | €16,991 | +€2,687 | +18.8% |
| Remuneration and social security | 454/9 | €12,396 | €12,396 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €26,680 | €106,477 | +€79,797 | +299% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,656 | €13,064 | -€3,592 | -21.6% |
| Other operating charges | 640/8 | €771 | €955 | +€184 | +23.8% |
| Non-recurring operating charges | 66A | €822 | - | -€822 | |
| Gross operating margin | 9900 | -€5,848 | €26,471 | +€32,319 | |
| Operating profit (loss) | 9901 | -€24,098 | €12,452 | +€36,550 | |
| Financial income | 75/76B | €40,000 | - | -€40,000 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €40,000 | - | -€40,000 | |
| Financial charges | 65/66B | €895 | €2,232 | +€1,337 | +149% |
| Recurring financial charges | 65 | €895 | €2,232 | +€1,337 | +149% |
| Profit (loss) for the period before taxes | 9903 | €15,008 | €10,220 | -€4,788 | -31.9% |
| Income taxes | 67/77 | €1,388 | €3,078 | +€1,690 | +122% |
| Profit (loss) for the period | 9904 | €13,620 | €7,142 | -€6,478 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,620 | €7,142 | -€6,478 | -47.6% |
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 14 October 2026 via checked.be.