BALENBERG: what changed
Two fiscal 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.
BALENBERG
Largest movements
- Tangible fixed assets -€119,014
down €119,014 (-6.1%), from €2.0m to €1.8m
of which Land and buildings: -€120,528
- Receivables within one year -€94,121
down €94,121 (-80.4%), from €117,139 to €23,017
of which Other amounts receivable: -€70,167
- Cash +€27,552
up €27,552 (+689.1%), from €3,998 to €31,550
mainly Depreciation (+€121,349) and Receivables within one year (+€94,121)
- Debts after one year -€105,920
down €105,920 (-66.6%), from €159,137 to €53,217
- Profit (loss) carried forward -€73,208
down €73,208 (-11.4%), from -€644,103 to -€717,311
- Accrued charges and deferred income -€36,471
down €36,471 (-9.4%), from €387,655 to €351,184
- Gross operating margin -€14,087
down €14,087 (-15.4%), from €91,544 to €77,458
- Financial charges -€939
down €939 (-4.4%), from €21,210 to €20,271
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 | €2,697,797 | €2,511,968 | -€185,829 | -6.9% |
| Fixed assets | 21/28 | €2,576,414 | €2,457,400 | -€119,014 | -4.6% |
| Tangible fixed assets | 22/27 | €1,950,434 | €1,831,420 | -€119,014 | -6.1% |
| Land and buildings | 22 | €1,944,748 | €1,824,220 | -€120,528 | -6.2% |
| Plant, machinery and equipment | 23 | €5,686 | €7,200 | +€1,514 | +26.6% |
| Financial fixed assets | 28 | €625,980 | €625,980 | = | 0.0% |
| Current assets | 29/58 | €121,383 | €54,567 | -€66,815 | -55.0% |
| Amounts receivable within one year | 40/41 | €117,139 | €23,017 | -€94,121 | -80.4% |
| Trade receivables | 40 | €36,704 | €12,750 | -€23,954 | -65.3% |
| Other amounts receivable | 41 | €80,434 | €10,267 | -€70,167 | -87.2% |
| Cash at bank and in hand | 54/58 | €3,998 | €31,550 | +€27,552 | +689.1% |
| Deferred charges and accrued income | 490/1 | €246 | - | -€246 | |
| Total equity and liabilities | 10/49 | €2,697,797 | €2,511,968 | -€185,829 | -6.9% |
| Equity | 10/15 | €424,593 | €351,385 | -€73,208 | -17.2% |
| Contributions | 10/11 | €1,061,696 | €1,061,696 | = | 0.0% |
| Capital | 10 | €1,061,696 | €1,061,696 | = | 0.0% |
| Issued capital | 100 | €1,061,696 | €1,061,696 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€644,103 | -€717,311 | -€73,208 | -11.4% |
| Amounts payable | 17/49 | €2,273,204 | €2,160,583 | -€112,621 | -5.0% |
| Amounts payable after more than one year | 17 | €159,137 | €53,217 | -€105,920 | -66.6% |
| Financial debts | 170/4 | €159,137 | €53,217 | -€105,920 | -66.6% |
| Amounts payable within one year | 42/48 | €1,726,412 | €1,756,183 | +€29,770 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €104,417 | €106,044 | +€1,627 | +1.6% |
| Trade debts | 44 | €5,965 | €5,999 | +€34 | +0.6% |
| Suppliers | 440/4 | €5,965 | €5,999 | +€34 | +0.6% |
| Taxes, remuneration and social security | 45 | - | €2,963 | +€2,963 | |
| Taxes | 450/3 | - | €2,963 | +€2,963 | |
| Other amounts payable | 47/48 | €1,616,030 | €1,641,176 | +€25,146 | +1.6% |
| Accrued charges and deferred income | 492/3 | €387,655 | €351,184 | -€36,471 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,185 | €121,349 | +€164 | +0.1% |
| Other operating charges | 640/8 | €9,740 | €9,046 | -€693 | -7.1% |
| Gross operating margin | 9900 | €91,544 | €77,458 | -€14,087 | -15.4% |
| Operating profit (loss) | 9901 | -€39,381 | -€52,938 | -€13,557 | -34.4% |
| Financial charges | 65/66B | €21,210 | €20,271 | -€939 | -4.4% |
| Recurring financial charges | 65 | €21,210 | €20,271 | -€939 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€60,590 | -€73,208 | -€12,618 | -20.8% |
| Profit (loss) for the period | 9904 | -€60,590 | -€73,208 | -€12,618 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,590 | -€73,208 | -€12,618 | -20.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.