BALES SERVICES: what changed
BALES SERVICES
Largest movements
- Receivables within one year +€210,982
up €210,982 (+101%), from €208,112 to €419,094
of which Trade receivables: +€114,838
- Deferred charges and accrued income -€40,004
no longer reported in 2025 (was €40,004)
- Tangible fixed assets -€20,640
down €20,640 (-40.8%), from €50,591 to €29,951
of which Leasing and similar rights: -€15,035
- Cash -€7,204
down €7,204 (-79.4%), from €9,072 to €1,868
mainly Receivables within one year (-€210,982) and Debts after one year (-€11,566)
- Trade debts +€90,552
up €90,552 (+119%), from €76,058 to €166,610
of which Suppliers: +€166,338
- Profit (loss) carried forward +€61,168
up €61,168 (+45.1%), from €135,744 to €196,912
- Tax, wage and social debts +€13,101
up €13,101 (+33.3%), from €39,395 to €52,495
of which Taxes: +€8,065
- Debts after one year -€11,566
down €11,566 (-56.0%), from €20,636 to €9,070
- Current portion of long-term debt -€10,120
down €10,120 (-46.7%), from €21,685 to €11,566
- Purchases and services +€309,271
up €309,271 (+37.6%), from €823,301 to €1.1m
- Turnover +€292,895
up €292,895 (+32.4%), from €903,579 to €1.2m
- Depreciation -€15,168
down €15,168 (-49.5%), from €30,628 to €15,460
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,778 | €450,914 | +€143,135 | +46.5% |
| Fixed assets | 21/28 | €50,591 | €29,951 | -€20,640 | -40.8% |
| Tangible fixed assets | 22/27 | €50,591 | €29,951 | -€20,640 | -40.8% |
| Plant, machinery and equipment | 23 | €3,229 | €2,228 | -€1,001 | -31.0% |
| Furniture and vehicles | 24 | €9,613 | €5,009 | -€4,604 | -47.9% |
| Leasing and similar rights | 25 | €37,749 | €22,714 | -€15,035 | -39.8% |
| Current assets | 29/58 | €257,187 | €420,962 | +€163,775 | +63.7% |
| Amounts receivable within one year | 40/41 | €208,112 | €419,094 | +€210,982 | +101% |
| Trade receivables | 40 | €88,256 | €203,094 | +€114,838 | +130% |
| Other amounts receivable | 41 | €119,856 | €216,000 | +€96,144 | +80.2% |
| Cash at bank and in hand | 54/58 | €9,072 | €1,868 | -€7,204 | -79.4% |
| Deferred charges and accrued income | 490/1 | €40,004 | - | -€40,004 | |
| Total equity and liabilities | 10/49 | €307,778 | €450,914 | +€143,135 | +46.5% |
| Equity | 10/15 | €150,004 | €211,172 | +€61,168 | +40.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €135,744 | €196,912 | +€61,168 | +45.1% |
| Amounts payable | 17/49 | €157,774 | €239,742 | +€81,967 | +52.0% |
| Amounts payable after more than one year | 17 | €20,636 | €9,070 | -€11,566 | -56.0% |
| Financial debts | 170/4 | €20,636 | €9,070 | -€11,566 | -56.0% |
| Amounts payable within one year | 42/48 | €137,138 | €230,671 | +€93,533 | +68.2% |
| Current portion of amounts payable after more than one year | 42 | €21,685 | €11,566 | -€10,120 | -46.7% |
| Trade debts | 44 | €76,058 | €166,610 | +€90,552 | +119% |
| Suppliers | 440/4 | €272 | €166,610 | +€166,338 | +61,120% |
| Bills of exchange payable | 441 | €75,786 | - | -€75,786 | |
| Taxes, remuneration and social security | 45 | €39,395 | €52,495 | +€13,101 | +33.3% |
| Taxes | 450/3 | €30,545 | €38,610 | +€8,065 | +26.4% |
| Remuneration and social security | 454/9 | €8,849 | €13,885 | +€5,036 | +56.9% |
| Turnover | 70 | €903,579 | €1,196,475 | +€292,895 | +32.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €823,301 | €1,132,572 | +€309,271 | +37.6% |
| Remuneration, social security and pensions | 62 | €2,276 | - | -€2,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,628 | €15,460 | -€15,168 | -49.5% |
| Other operating charges | 640/8 | €3,957 | €4,982 | +€1,024 | +25.9% |
| Gross operating margin | 9900 | €94,185 | €101,217 | +€7,031 | +7.5% |
| Operating profit (loss) | 9901 | €57,324 | €80,774 | +€23,450 | +40.9% |
| Financial income | 75/76B | €2 | €15 | +€13 | +650% |
| Recurring financial income | 75 | €2 | €15 | +€13 | +650% |
| Financial charges | 65/66B | €2,603 | €1,954 | -€648 | -24.9% |
| Recurring financial charges | 65 | €2,603 | €1,954 | -€648 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €54,723 | €78,836 | +€24,112 | +44.1% |
| Income taxes | 67/77 | €17,342 | €17,668 | +€326 | +1.9% |
| Profit (loss) for the period | 9904 | €37,382 | €61,168 | +€23,786 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,382 | €61,168 | +€23,786 | +63.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.