BALCOO: 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.
BALCOO
Largest movements
- Receivables within one year +€59,762
up €59,762 (+128.5%), from €46,504 to €106,265
of which Other amounts receivable: +€64,498
- Tangible fixed assets -€22,705
down €22,705 (-13.2%), from €171,853 to €149,148
- Trade debts +€28,465
up €28,465 (+97.6%), from €29,167 to €57,633
- Tax, wage and social debts +€14,282
up €14,282 (+79.0%), from €18,088 to €32,369
of which Taxes: +€10,487
- Debts after one year -€4,735
down €4,735 (-40.1%), from €11,802 to €7,067
- Staff costs +€39,309
up €39,309 (+31.2%), from €125,948 to €165,257
- Gross operating margin +€31,231
up €31,231 (+17.3%), from €180,066 to €211,297
- Financial charges -€4,285
down €4,285 (-37.1%), from €11,560 to €7,275
- Taxes +€2,250
up €2,250 (+54.6%), from €4,122 to €6,372
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.
Cash bridge derived
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 | €270,493 | €308,750 | +€38,257 | +14.1% |
| Fixed assets | 21/28 | €172,184 | €149,478 | -€22,705 | -13.2% |
| Tangible fixed assets | 22/27 | €171,853 | €149,148 | -€22,705 | -13.2% |
| Land and buildings | 22 | €86,402 | €82,738 | -€3,664 | -4.2% |
| Plant, machinery and equipment | 23 | €74,666 | €63,818 | -€10,849 | -14.5% |
| Furniture and vehicles | 24 | €10,784 | €2,591 | -€8,193 | -76.0% |
| Financial fixed assets | 28 | €331 | €331 | = | 0.0% |
| Current assets | 29/58 | €98,309 | €159,271 | +€60,962 | +62.0% |
| Stocks and contracts in progress | 3 | €9,389 | €10,455 | +€1,067 | +11.4% |
| Stocks | 30/36 | €9,389 | €10,455 | +€1,067 | +11.4% |
| Amounts receivable within one year | 40/41 | €46,504 | €106,265 | +€59,762 | +128.5% |
| Trade receivables | 40 | €9,327 | €4,591 | -€4,736 | -50.8% |
| Other amounts receivable | 41 | €37,176 | €101,674 | +€64,498 | +173.5% |
| Cash at bank and in hand | 54/58 | €39,158 | €39,332 | +€174 | +0.4% |
| Deferred charges and accrued income | 490/1 | €3,259 | €3,219 | -€40 | -1.2% |
| Total equity and liabilities | 10/49 | €270,493 | €308,750 | +€38,257 | +14.1% |
| Equity | 10/15 | €206,900 | €206,946 | +€46 | 0.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €60,157 | €60,157 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €0 | -€1,900 | -100.0% |
| Reserves not available under the articles | 1311 | €1,900 | €0 | -€1,900 | -100.0% |
| Tax-exempt reserves | 132 | €32,679 | €32,679 | = | 0.0% |
| Distributable reserves | 133 | €25,577 | €27,477 | +€1,900 | +7.4% |
| Profit (loss) carried forward | 14 | €127,744 | €127,789 | +€46 | 0.0% |
| Amounts payable | 17/49 | €63,593 | €101,804 | +€38,211 | +60.1% |
| Amounts payable after more than one year | 17 | €11,802 | €7,067 | -€4,735 | -40.1% |
| Financial debts | 170/4 | €11,802 | €7,067 | -€4,735 | -40.1% |
| Amounts payable within one year | 42/48 | €51,791 | €94,737 | +€42,946 | +82.9% |
| Current portion of amounts payable after more than one year | 42 | €4,536 | €4,735 | +€199 | +4.4% |
| Trade debts | 44 | €29,167 | €57,633 | +€28,465 | +97.6% |
| Suppliers | 440/4 | €29,167 | €57,633 | +€28,465 | +97.6% |
| Taxes, remuneration and social security | 45 | €18,088 | €32,369 | +€14,282 | +79.0% |
| Taxes | 450/3 | €3,278 | €13,765 | +€10,487 | +320.0% |
| Remuneration and social security | 454/9 | €14,810 | €18,605 | +€3,795 | +25.6% |
| Non-recurring operating income | 76A | €1,011 | €0 | -€1,011 | -100.0% |
| Remuneration, social security and pensions | 62 | €125,948 | €165,257 | +€39,309 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,379 | €27,096 | -€284 | -1.0% |
| Other operating charges | 640/8 | €7,076 | €5,956 | -€1,120 | -15.8% |
| Non-recurring operating charges | 66A | €1,952 | €0 | -€1,952 | -100.0% |
| Gross operating margin | 9900 | €180,066 | €211,297 | +€31,231 | +17.3% |
| Operating profit (loss) | 9901 | €17,711 | €12,988 | -€4,723 | -26.7% |
| Financial income | 75/76B | €823 | €704 | -€119 | -14.5% |
| Recurring financial income | 75 | €823 | €704 | -€119 | -14.5% |
| Financial charges | 65/66B | €11,560 | €7,275 | -€4,285 | -37.1% |
| Recurring financial charges | 65 | €11,560 | €7,275 | -€4,285 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €6,974 | €6,418 | -€556 | -8.0% |
| Income taxes | 67/77 | €4,122 | €6,372 | +€2,250 | +54.6% |
| Profit (loss) for the period | 9904 | €2,852 | €46 | -€2,806 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,852 | €46 | -€2,806 | -98.4% |
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 12 October 2026 via checked.be.