BALERDON: 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.
BALERDON
Largest movements
- Receivables within one year -€12,486
down €12,486 (-29.3%), from €42,585 to €30,099
of which Other amounts receivable: -€11,148
- Tangible fixed assets -€6,022
down €6,022 (-15.5%), from €38,832 to €32,810
of which Plant, machinery and equipment: -€5,543
- Stocks and contracts +€2,636
up €2,636 (+11.2%), from €23,494 to €26,130
- Trade debts +€26,726
up €26,726 (+193%), from €13,838 to €40,564
- Profit (loss) carried forward -€18,903
down €18,903 (-101%), from -€18,652 to -€37,555
- Debts after one year -€15,065
down €15,065 (-46.2%), from €32,619 to €17,554
- Current portion of long-term debt -€9,559
down €9,559 (-43.3%), from €22,087 to €12,528
- Accrued charges and deferred income +€4,211
new in 2025: €4,211
- Gross operating margin -€26,404
down €26,404 (-25.8%), from €102,355 to €75,951
- Staff costs +€5,986
up €5,986 (+8.6%), from €69,380 to €75,366
- Financial charges -€1,162
down €1,162 (-10.1%), from €11,485 to €10,323
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 | €113,895 | €97,665 | -€16,230 | -14.2% |
| Fixed assets | 21/28 | €41,960 | €35,598 | -€6,362 | -15.2% |
| Intangible fixed assets | 21 | €558 | €218 | -€340 | -60.9% |
| Tangible fixed assets | 22/27 | €38,832 | €32,810 | -€6,022 | -15.5% |
| Plant, machinery and equipment | 23 | €30,437 | €24,894 | -€5,543 | -18.2% |
| Furniture and vehicles | 24 | €789 | €1,670 | +€881 | +112% |
| Leasing and similar rights | 25 | €3,034 | €2,315 | -€719 | -23.7% |
| Other tangible fixed assets | 26 | €4,572 | €3,931 | -€641 | -14.0% |
| Financial fixed assets | 28 | €2,570 | €2,570 | = | 0.0% |
| Current assets | 29/58 | €71,935 | €62,067 | -€9,868 | -13.7% |
| Stocks and contracts in progress | 3 | €23,494 | €26,130 | +€2,636 | +11.2% |
| Stocks | 30/36 | €23,494 | €26,130 | +€2,636 | +11.2% |
| Amounts receivable within one year | 40/41 | €42,585 | €30,099 | -€12,486 | -29.3% |
| Trade receivables | 40 | €5,599 | €4,261 | -€1,338 | -23.9% |
| Other amounts receivable | 41 | €36,986 | €25,838 | -€11,148 | -30.1% |
| Cash at bank and in hand | 54/58 | €4,774 | €4,620 | -€154 | -3.2% |
| Deferred charges and accrued income | 490/1 | €1,082 | €1,218 | +€136 | +12.6% |
| Total equity and liabilities | 10/49 | €113,895 | €97,665 | -€16,230 | -14.2% |
| Equity | 10/15 | €5,700 | -€13,203 | -€18,903 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,752 | €5,752 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,892 | €3,892 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,652 | -€37,555 | -€18,903 | -101% |
| Amounts payable | 17/49 | €108,195 | €110,868 | +€2,673 | +2.5% |
| Amounts payable after more than one year | 17 | €32,619 | €17,554 | -€15,065 | -46.2% |
| Financial debts | 170/4 | €32,619 | €17,554 | -€15,065 | -46.2% |
| Amounts payable within one year | 42/48 | €75,576 | €89,103 | +€13,527 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €22,087 | €12,528 | -€9,559 | -43.3% |
| Financial debts | 43 | €26,742 | €23,622 | -€3,120 | -11.7% |
| Credit institutions | 430/8 | €26,742 | €23,622 | -€3,120 | -11.7% |
| Trade debts | 44 | €13,838 | €40,564 | +€26,726 | +193% |
| Suppliers | 440/4 | €13,838 | €40,564 | +€26,726 | +193% |
| Taxes, remuneration and social security | 45 | €12,909 | €12,389 | -€520 | -4.0% |
| Taxes | 450/3 | €1,175 | €1,787 | +€612 | +52.1% |
| Remuneration and social security | 454/9 | €11,734 | €10,602 | -€1,132 | -9.6% |
| Accrued charges and deferred income | 492/3 | - | €4,211 | +€4,211 | |
| Remuneration, social security and pensions | 62 | €69,380 | €75,366 | +€5,986 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,054 | €7,892 | -€162 | -2.0% |
| Other operating charges | 640/8 | €2,194 | €1,329 | -€865 | -39.4% |
| Gross operating margin | 9900 | €102,355 | €75,951 | -€26,404 | -25.8% |
| Operating profit (loss) | 9901 | €22,727 | -€8,636 | -€31,363 | |
| Financial income | 75/76B | €18 | €74 | +€56 | +311% |
| Recurring financial income | 75 | €18 | €74 | +€56 | +311% |
| Financial charges | 65/66B | €11,485 | €10,323 | -€1,162 | -10.1% |
| Recurring financial charges | 65 | €11,485 | €10,323 | -€1,162 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €11,260 | -€18,885 | -€30,145 | |
| Income taxes | 67/77 | €245 | €18 | -€227 | -92.7% |
| Profit (loss) for the period | 9904 | €11,015 | -€18,903 | -€29,918 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,015 | -€18,903 | -€29,918 |
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 16 October 2026 via checked.be.