BALENKO: 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.
BALENKO
Largest movements
- Cash +€88,985
up €88,985 (+104.4%), from €85,274 to €174,259
mainly Net result for the year (+€82,854) and Investment in fixed assets (net) (+€36,003)
- Tangible fixed assets -€37,225
down €37,225 (-56.1%), from €66,349 to €29,124
of which Furniture and vehicles: -€36,347
- Deferred charges and accrued income +€6,039
up €6,039 (+2855.9%), from €211 to €6,250
- Receivables within one year +€3,460
up €3,460 (+24.4%), from €14,176 to €17,636
of which Trade receivables: +€17,174
- Profit (loss) carried forward +€82,854
up €82,854 (+85.3%), from -€97,121 to -€14,266
- Other debts -€49,474
down €49,474 (-64.2%), from €77,023 to €27,549
- Tax, wage and social debts +€25,626
up €25,626 (+2080.8%), from €1,232 to €26,857
- Gross operating margin +€89,359
up €89,359 (+160.2%), from €55,769 to €145,128
- Other operating charges +€23,062
up €23,062 (+787.3%), from €2,929 to €25,991
- Taxes +€16,346
up €16,346 (+138.4%), from €11,812 to €28,158
- Depreciation -€1,790
down €1,790 (-59.4%), from €3,012 to €1,222
- Financial income -€1,633
no longer reported in 2025 (was €1,633)
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 | €166,011 | €227,270 | +€61,259 | +36.9% |
| Fixed assets | 21/28 | €66,349 | €29,124 | -€37,225 | -56.1% |
| Tangible fixed assets | 22/27 | €66,349 | €29,124 | -€37,225 | -56.1% |
| Plant, machinery and equipment | 23 | €3,767 | €2,889 | -€878 | -23.3% |
| Furniture and vehicles | 24 | €62,582 | €26,235 | -€36,347 | -58.1% |
| Current assets | 29/58 | €99,662 | €198,146 | +€98,484 | +98.8% |
| Amounts receivable within one year | 40/41 | €14,176 | €17,636 | +€3,460 | +24.4% |
| Trade receivables | 40 | - | €17,174 | +€17,174 | |
| Other amounts receivable | 41 | €14,176 | €462 | -€13,714 | -96.7% |
| Cash at bank and in hand | 54/58 | €85,274 | €174,259 | +€88,985 | +104.4% |
| Deferred charges and accrued income | 490/1 | €211 | €6,250 | +€6,039 | +2855.9% |
| Total equity and liabilities | 10/49 | €166,011 | €227,270 | +€61,259 | +36.9% |
| Equity | 10/15 | €84,715 | €167,570 | +€82,854 | +97.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,236 | €163,236 | = | 0.0% |
| Distributable reserves | 133 | €163,236 | €163,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,121 | -€14,266 | +€82,854 | +85.3% |
| Amounts payable | 17/49 | €81,295 | €59,700 | -€21,595 | -26.6% |
| Amounts payable within one year | 42/48 | €78,422 | €56,630 | -€21,792 | -27.8% |
| Trade debts | 44 | €167 | €2,223 | +€2,056 | +1230.3% |
| Suppliers | 440/4 | €167 | €2,223 | +€2,056 | +1230.3% |
| Taxes, remuneration and social security | 45 | €1,232 | €26,857 | +€25,626 | +2080.8% |
| Taxes | 450/3 | €1,232 | €26,857 | +€25,626 | +2080.8% |
| Other amounts payable | 47/48 | €77,023 | €27,549 | -€49,474 | -64.2% |
| Accrued charges and deferred income | 492/3 | €2,874 | €3,071 | +€197 | +6.9% |
| Non-recurring operating income | 76A | - | €8,906 | +€8,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,012 | €1,222 | -€1,790 | -59.4% |
| Other operating charges | 640/8 | €2,929 | €25,991 | +€23,062 | +787.3% |
| Gross operating margin | 9900 | €55,769 | €145,128 | +€89,359 | +160.2% |
| Operating profit (loss) | 9901 | €49,828 | €117,916 | +€68,088 | +136.6% |
| Financial income | 75/76B | €1,633 | - | -€1,633 | |
| Recurring financial income | 75 | €1,633 | - | -€1,633 | |
| Financial charges | 65/66B | €7,117 | €6,904 | -€213 | -3.0% |
| Recurring financial charges | 65 | €7,117 | €6,904 | -€213 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €44,345 | €111,012 | +€66,667 | +150.3% |
| Income taxes | 67/77 | €11,812 | €28,158 | +€16,346 | +138.4% |
| Profit (loss) for the period | 9904 | €32,533 | €82,854 | +€50,321 | +154.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,533 | €82,854 | +€50,321 | +154.7% |
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 12 October 2026 via checked.be.