Balena: 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.
Balena
Largest movements
- Tangible fixed assets -€83,717
no longer reported in 2025 (was €83,717)
- Cash -€2,460
down €2,460 (-82.6%), from €2,979 to €519
mainly Net result for the year (-€65,102) and Debts after one year (-€14,772)
- Profit (loss) carried forward -€65,102
down €65,102 (-45.7%), from -€142,456 to -€207,558
- Debts after one year -€14,772
down €14,772 (-19.3%), from €76,567 to €61,795
- Trade debts -€7,007
down €7,007 (-28.3%), from €24,755 to €17,748
- Other debts +€2,841
up €2,841 (+3.5%), from €81,486 to €84,327
- Tax, wage and social debts -€928
no longer reported in 2025 (was €928)
- Gross operating margin +€11,508
up €11,508, from -€9,022 to €2,486
- Depreciation -€7,801
no longer reported in 2025 (was €7,801)
- Staff costs -€1,954
no longer reported in 2025 (was €1,954)
- Financial charges -€430
down €430 (-11.3%), from €3,824 to €3,394
- Other operating charges +€399
new in 2025: €399
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 | €86,697 | €1,084 | -€85,613 | -98.7% |
| Fixed assets | 21/28 | €83,717 | - | -€83,717 | |
| Tangible fixed assets | 22/27 | €83,717 | - | -€83,717 | |
| Plant, machinery and equipment | 23 | €83,717 | - | -€83,717 | |
| Current assets | 29/58 | €2,979 | €1,084 | -€1,895 | -63.6% |
| Amounts receivable after more than one year | 29 | - | €565 | +€565 | |
| Other amounts receivable | 291 | - | €565 | +€565 | |
| Cash at bank and in hand | 54/58 | €2,979 | €519 | -€2,460 | -82.6% |
| Total equity and liabilities | 10/49 | €86,697 | €1,084 | -€85,613 | -98.7% |
| Equity | 10/15 | -€112,456 | -€177,558 | -€65,102 | -57.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,456 | -€207,558 | -€65,102 | -45.7% |
| Amounts payable | 17/49 | €199,153 | €178,642 | -€20,510 | -10.3% |
| Amounts payable after more than one year | 17 | €76,567 | €61,795 | -€14,772 | -19.3% |
| Financial debts | 170/4 | €76,567 | €61,795 | -€14,772 | -19.3% |
| Amounts payable within one year | 42/48 | €122,585 | €116,847 | -€5,738 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €15,417 | €14,772 | -€645 | -4.2% |
| Trade debts | 44 | €24,755 | €17,748 | -€7,007 | -28.3% |
| Suppliers | 440/4 | €24,755 | €17,748 | -€7,007 | -28.3% |
| Taxes, remuneration and social security | 45 | €928 | - | -€928 | |
| Taxes | 450/3 | €928 | - | -€928 | |
| Other amounts payable | 47/48 | €81,486 | €84,327 | +€2,841 | +3.5% |
| Remuneration, social security and pensions | 62 | €1,954 | - | -€1,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,801 | - | -€7,801 | |
| Other operating charges | 640/8 | - | €399 | +€399 | |
| Non-recurring operating charges | 66A | €26,671 | €63,795 | +€37,124 | +139.2% |
| Gross operating margin | 9900 | -€9,022 | €2,486 | +€11,508 | |
| Operating profit (loss) | 9901 | -€45,448 | -€61,709 | -€16,261 | -35.8% |
| Financial charges | 65/66B | €3,824 | €3,394 | -€430 | -11.3% |
| Recurring financial charges | 65 | €3,824 | €3,394 | -€430 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,272 | -€65,102 | -€15,831 | -32.1% |
| Profit (loss) for the period | 9904 | -€49,272 | -€65,102 | -€15,831 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,272 | -€65,102 | -€15,831 | -32.1% |
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 9 October 2026 via checked.be.