BALDER&CO: 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.
BALDER&CO
Largest movements
- Receivables within one year -€17,625
down €17,625 (-84.0%), from €20,990 to €3,365
of which Trade receivables: -€18,016
- Cash +€4,469
up €4,469 (+18.3%), from €24,428 to €28,897
mainly Receivables within one year (+€17,625) and Depreciation (+€4,024)
- Tangible fixed assets -€3,951
down €3,951 (-31.3%), from €12,607 to €8,656
of which Other tangible fixed assets: -€2,666
- Intangible fixed assets +€3,927
new in 2025: €3,927
- Tax, wage and social debts -€9,255
down €9,255 (-77.4%), from €11,955 to €2,700
- Profit (loss) carried forward -€5,167
down €5,167 (-8.9%), from -€57,759 to -€62,926
- Trade debts +€2,536
up €2,536 (+69.7%), from €3,641 to €6,177
of which Bills of exchange payable: +€1,820
- Accrued charges and deferred income -€786
down €786 (-82.7%), from €951 to €165
- Depreciation -€1,140
down €1,140 (-22.1%), from €5,164 to €4,024
- Gross operating margin -€876
down €876, from €868 to -€8
- Other operating charges -€151
down €151 (-10.5%), from €1,440 to €1,289
- Financial income +€103
up €103 (+23.1%), from €448 to €552
- Taxes +€85
up €85 (+35.5%), from €239 to €324
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 | €62,230 | €49,131 | -€13,099 | -21.0% |
| Fixed assets | 21/28 | €12,607 | €12,583 | -€24 | -0.2% |
| Intangible fixed assets | 21 | - | €3,927 | +€3,927 | |
| Tangible fixed assets | 22/27 | €12,607 | €8,656 | -€3,951 | -31.3% |
| Furniture and vehicles | 24 | €1,942 | €658 | -€1,284 | -66.1% |
| Other tangible fixed assets | 26 | €10,665 | €7,999 | -€2,666 | -25.0% |
| Current assets | 29/58 | €49,623 | €36,547 | -€13,075 | -26.3% |
| Amounts receivable within one year | 40/41 | €20,990 | €3,365 | -€17,625 | -84.0% |
| Trade receivables | 40 | €20,990 | €2,975 | -€18,016 | -85.8% |
| Other amounts receivable | 41 | - | €391 | +€391 | |
| Current investments | 50/53 | €2,496 | €2,496 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,428 | €28,897 | +€4,469 | +18.3% |
| Deferred charges and accrued income | 490/1 | €1,709 | €1,789 | +€80 | +4.7% |
| Total equity and liabilities | 10/49 | €62,230 | €49,131 | -€13,099 | -21.0% |
| Equity | 10/15 | €40,801 | €35,634 | -€5,167 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,960 | €79,960 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €73,960 | €73,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,759 | -€62,926 | -€5,167 | -8.9% |
| Amounts payable | 17/49 | €21,429 | €13,496 | -€7,932 | -37.0% |
| Amounts payable within one year | 42/48 | €20,478 | €13,332 | -€7,146 | -34.9% |
| Trade debts | 44 | €3,641 | €6,177 | +€2,536 | +69.7% |
| Suppliers | 440/4 | €3,641 | €4,357 | +€716 | +19.7% |
| Bills of exchange payable | 441 | - | €1,820 | +€1,820 | |
| Taxes, remuneration and social security | 45 | €11,955 | €2,700 | -€9,255 | -77.4% |
| Taxes | 450/3 | €11,955 | €2,700 | -€9,255 | -77.4% |
| Other amounts payable | 47/48 | €4,882 | €4,454 | -€427 | -8.8% |
| Accrued charges and deferred income | 492/3 | €951 | €165 | -€786 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,164 | €4,024 | -€1,140 | -22.1% |
| Other operating charges | 640/8 | €1,440 | €1,289 | -€151 | -10.5% |
| Gross operating margin | 9900 | €868 | -€8 | -€876 | |
| Operating profit (loss) | 9901 | -€5,736 | -€5,321 | +€415 | +7.2% |
| Financial income | 75/76B | €448 | €552 | +€103 | +23.1% |
| Recurring financial income | 75 | €448 | €552 | +€103 | +23.1% |
| Financial charges | 65/66B | €52 | €73 | +€21 | +41.1% |
| Recurring financial charges | 65 | €52 | €73 | +€21 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,339 | -€4,843 | +€497 | +9.3% |
| Income taxes | 67/77 | €239 | €324 | +€85 | +35.5% |
| Profit (loss) for the period | 9904 | -€5,579 | -€5,167 | +€412 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,579 | -€5,167 | +€412 | +7.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.