BALEMA: 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.
BALEMA
Largest movements
- Receivables within one year +€85,908
up €85,908 (+304%), from €28,301 to €114,209
of which Trade receivables: +€80,161
- Cash -€67,353
down €67,353 (-63.0%), from €106,903 to €39,550
mainly Debts after one year (-€100,916) and Receivables within one year (-€85,908)
- Debts after one year -€100,916
down €100,916 (-19.6%), from €514,469 to €413,554
- Reserves +€92,473
up €92,473 (+20.6%), from €448,673 to €541,146
- Gross operating margin -€5,619
down €5,619 (-3.0%), from €186,418 to €180,798
- Taxes +€5,280
up €5,280 (+12.2%), from €43,419 to €48,699
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 | €1,126,774 | €1,144,729 | +€17,955 | +1.6% |
| Fixed assets | 21/28 | €988,017 | €987,349 | -€667 | -0.1% |
| Tangible fixed assets | 22/27 | €2,767 | €2,099 | -€667 | -24.1% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,032 | €1,782 | -€250 | -12.3% |
| Furniture and vehicles | 24 | €734 | €317 | -€417 | -56.8% |
| Financial fixed assets | 28 | €985,250 | €985,250 | = | 0.0% |
| Current assets | 29/58 | €138,757 | €157,380 | +€18,623 | +13.4% |
| Amounts receivable within one year | 40/41 | €28,301 | €114,209 | +€85,908 | +304% |
| Trade receivables | 40 | €26,720 | €106,882 | +€80,161 | +300% |
| Other amounts receivable | 41 | €1,581 | €7,328 | +€5,747 | +364% |
| Cash at bank and in hand | 54/58 | €106,903 | €39,550 | -€67,353 | -63.0% |
| Deferred charges and accrued income | 490/1 | €3,552 | €3,620 | +€67 | +1.9% |
| Total equity and liabilities | 10/49 | €1,126,774 | €1,144,729 | +€17,955 | +1.6% |
| Equity | 10/15 | €467,273 | €559,746 | +€92,473 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €448,673 | €541,146 | +€92,473 | +20.6% |
| Distributable reserves | 133 | €448,673 | €541,146 | +€92,473 | +20.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €659,500 | €584,983 | -€74,518 | -11.3% |
| Amounts payable after more than one year | 17 | €514,469 | €413,554 | -€100,916 | -19.6% |
| Financial debts | 170/4 | €514,469 | €413,554 | -€100,916 | -19.6% |
| Amounts payable within one year | 42/48 | €121,031 | €139,429 | +€18,398 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €99,898 | €100,916 | +€1,018 | +1.0% |
| Trade debts | 44 | €660 | €1,287 | +€627 | +94.9% |
| Suppliers | 440/4 | €660 | €1,287 | +€627 | +94.9% |
| Taxes, remuneration and social security | 45 | €17,950 | €27,317 | +€9,366 | +52.2% |
| Taxes | 450/3 | €15,793 | €27,317 | +€11,524 | +73.0% |
| Remuneration and social security | 454/9 | €2,158 | €0 | -€2,158 | -100% |
| Other amounts payable | 47/48 | €2,522 | €9,910 | +€7,388 | +293% |
| Accrued charges and deferred income | 492/3 | €24,000 | €32,000 | +€8,000 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €769 | €667 | -€102 | -13.2% |
| Other operating charges | 640/8 | €1,283 | €1,963 | +€681 | +53.1% |
| Gross operating margin | 9900 | €186,418 | €180,798 | -€5,619 | -3.0% |
| Operating profit (loss) | 9901 | €184,366 | €178,168 | -€6,198 | -3.4% |
| Financial income | 75/76B | €50 | €4 | -€46 | -92.4% |
| Recurring financial income | 75 | €50 | €4 | -€46 | -92.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €16,014 | €15,234 | -€780 | -4.9% |
| Recurring financial charges | 65 | €16,014 | €15,234 | -€780 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €168,402 | €162,937 | -€5,465 | -3.2% |
| Income taxes | 67/77 | €43,419 | €48,699 | +€5,280 | +12.2% |
| Profit (loss) for the period | 9904 | €124,982 | €114,238 | -€10,744 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €124,982 | €114,238 | -€10,744 | -8.6% |
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 20 October 2026 via checked.be.