BALDEB: 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.
BALDEB
Largest movements
- Tangible fixed assets -€31,510
down €31,510 (-17.3%), from €182,265 to €150,755
- Cash -€4,619
down €4,619 (-42.5%), from €10,869 to €6,250
mainly Debts after one year (-€14,661) and Net result for the year (-€14,532)
- Debts after one year -€14,661
down €14,661 (-12.2%), from €119,921 to €105,260
- Reserves -€13,471
down €13,471 (-28.2%), from €47,727 to €34,256
of which Tax-exempt reserves: -€13,471
- Provisions -€6,937
down €6,937 (-33.3%), from €20,810 to €13,873
- Gross operating margin -€3,758
down €3,758 (-23.5%), from €15,964 to €12,206
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 | €193,134 | €157,005 | -€36,129 | -18.7% |
| Fixed assets | 21/28 | €182,265 | €150,755 | -€31,510 | -17.3% |
| Tangible fixed assets | 22/27 | €182,265 | €150,755 | -€31,510 | -17.3% |
| Land and buildings | 22 | €182,265 | €150,755 | -€31,510 | -17.3% |
| Current assets | 29/58 | €10,869 | €6,250 | -€4,619 | -42.5% |
| Cash at bank and in hand | 54/58 | €10,869 | €6,250 | -€4,619 | -42.5% |
| Total equity and liabilities | 10/49 | €193,134 | €157,005 | -€36,129 | -18.7% |
| Equity | 10/15 | €52,403 | €37,871 | -€14,532 | -27.7% |
| Contributions | 10/11 | €73,129 | €73,129 | = | 0.0% |
| Capital | 10 | €73,129 | €73,129 | = | 0.0% |
| Issued capital | 100 | €73,129 | €73,129 | = | 0.0% |
| Reserves | 13 | €47,727 | €34,256 | -€13,471 | -28.2% |
| Non-distributable reserves | 130/1 | €7,313 | €7,313 | = | 0.0% |
| Legal reserve | 130 | €7,313 | €7,313 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,414 | €26,943 | -€13,471 | -33.3% |
| Profit (loss) carried forward | 14 | -€68,452 | -€69,513 | -€1,061 | -1.5% |
| Provisions and deferred taxes | 16 | €20,810 | €13,873 | -€6,937 | -33.3% |
| Deferred taxes | 168 | €20,810 | €13,873 | -€6,937 | -33.3% |
| Amounts payable | 17/49 | €119,921 | €105,260 | -€14,661 | -12.2% |
| Amounts payable after more than one year | 17 | €119,921 | €105,260 | -€14,661 | -12.2% |
| Other amounts payable | 178/9 | €119,921 | €105,260 | -€14,661 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,510 | €31,510 | = | 0.0% |
| Other operating charges | 640/8 | €2,058 | €1,990 | -€67 | -3.3% |
| Gross operating margin | 9900 | €15,964 | €12,206 | -€3,758 | -23.5% |
| Operating profit (loss) | 9901 | -€17,603 | -€21,294 | -€3,690 | -21.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €296 | €175 | -€121 | -40.9% |
| Recurring financial charges | 65 | €296 | €175 | -€121 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,900 | -€21,469 | -€3,569 | -19.9% |
| Transfer from deferred taxes | 780 | €20,408 | €6,937 | -€13,471 | -66.0% |
| Profit (loss) for the period | 9904 | €2,508 | -€14,532 | -€17,041 | |
| Transfer from tax-exempt reserves | 789 | - | €13,471 | +€13,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,508 | -€1,061 | -€3,569 |
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 10 October 2026 via checked.be.