Balestra: 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.
Balestra
Largest movements
- Cash -€14,457
down €14,457 (-59.2%), from €24,439 to €9,981
mainly Other debts (-€10,010) and Short-term financial debts (-€2,392)
- Current investments -€3,020
down €3,020 (-100.0%), from €3,020 to €0
- Receivables within one year +€2,381
up €2,381 (+10.2%), from €23,378 to €25,758
of which Other amounts receivable: +€6,658
- Deferred charges and accrued income +€958
up €958 (+39.4%), from €2,431 to €3,389
- Other debts -€10,010
down €10,010 (-96.7%), from €10,352 to €343
- Short-term financial debts -€2,392
down €2,392 (-88.3%), from €2,710 to €317
- Reserves -€1,703
down €1,703 (-5.4%), from €31,827 to €30,124
- Gross operating margin -€31,368
down €31,368 (-95.0%), from €33,023 to €1,655
- Taxes -€10,043
down €10,043 (-88.3%), from €11,377 to €1,334
- Depreciation -€384
down €384 (-77.5%), from €496 to €111
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 | €60,747 | €46,498 | -€14,250 | -23.5% |
| Fixed assets | 21/28 | €271 | €160 | -€111 | -41.0% |
| Tangible fixed assets | 22/27 | €111 | €0 | -€111 | -100.0% |
| Plant, machinery and equipment | 23 | €111 | €0 | -€111 | -100.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €60,476 | €46,338 | -€14,138 | -23.4% |
| Stocks and contracts in progress | 3 | €7,209 | €7,209 | = | 0.0% |
| Stocks | 30/36 | €7,209 | €7,209 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,378 | €25,758 | +€2,381 | +10.2% |
| Trade receivables | 40 | €23,125 | €18,847 | -€4,278 | -18.5% |
| Other amounts receivable | 41 | €253 | €6,911 | +€6,658 | +2634.0% |
| Current investments | 50/53 | €3,020 | €0 | -€3,020 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,439 | €9,981 | -€14,457 | -59.2% |
| Deferred charges and accrued income | 490/1 | €2,431 | €3,389 | +€958 | +39.4% |
| Total equity and liabilities | 10/49 | €60,747 | €46,498 | -€14,250 | -23.5% |
| Equity | 10/15 | €44,227 | €42,524 | -€1,703 | -3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,827 | €30,124 | -€1,703 | -5.4% |
| Distributable reserves | 133 | €31,827 | €30,124 | -€1,703 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,520 | €3,974 | -€12,546 | -75.9% |
| Amounts payable within one year | 42/48 | €16,520 | €3,974 | -€12,546 | -75.9% |
| Financial debts | 43 | €2,710 | €317 | -€2,392 | -88.3% |
| Credit institutions | 430/8 | €2,710 | €317 | -€2,392 | -88.3% |
| Trade debts | 44 | €723 | €731 | +€8 | +1.1% |
| Suppliers | 440/4 | €723 | €731 | +€8 | +1.1% |
| Taxes, remuneration and social security | 45 | €2,735 | €2,583 | -€152 | -5.6% |
| Taxes | 450/3 | €2,735 | €2,583 | -€152 | -5.6% |
| Other amounts payable | 47/48 | €10,352 | €343 | -€10,010 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €111 | -€384 | -77.5% |
| Other operating charges | 640/8 | €1,190 | €1,293 | +€103 | +8.7% |
| Gross operating margin | 9900 | €33,023 | €1,655 | -€31,368 | -95.0% |
| Operating profit (loss) | 9901 | €31,338 | €251 | -€31,087 | -99.2% |
| Financial income | 75/76B | €36 | €12 | -€24 | -67.3% |
| Recurring financial income | 75 | €36 | €12 | -€24 | -67.3% |
| Financial charges | 65/66B | €663 | €632 | -€31 | -4.7% |
| Recurring financial charges | 65 | €663 | €632 | -€31 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €30,711 | -€369 | -€31,080 | |
| Income taxes | 67/77 | €11,377 | €1,334 | -€10,043 | -88.3% |
| Profit (loss) for the period | 9904 | €19,334 | -€1,703 | -€21,037 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,334 | -€1,703 | -€21,037 |
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 11 October 2026 via checked.be.