BALHAN & FILS: 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.
BALHAN & FILS
Largest movements
- Receivables within one year -€45,814
down €45,814 (-79.5%), from €57,613 to €11,799
of which Trade receivables: -€41,829
- Tangible fixed assets +€36,690
up €36,690 (+10.2%), from €359,215 to €395,905
of which Furniture and vehicles: +€56,781
- Deferred charges and accrued income +€26,400
up €26,400 (+482%), from €5,477 to €31,877
- Stocks and contracts +€17,247
up €17,247 (+49.9%), from €34,576 to €51,824
- Tax, wage and social debts +€11,784
up €11,784 (+48.4%), from €24,369 to €36,153
of which Remuneration and social security: +€6,539
- Debts after one year +€11,090
up €11,090 (+5.2%), from €215,067 to €226,157
- Reserves +€8,271
up €8,271 (+3.5%), from €236,208 to €244,479
of which Distributable reserves: +€8,271
- Staff costs +€5,873
up €5,873 (+5.4%), from €108,262 to €114,135
- Financial charges +€2,541
up €2,541 (+44.1%), from €5,760 to €8,302
- Taxes -€2,098
down €2,098 (-36.7%), from €5,725 to €3,626
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 | €577,572 | €611,986 | +€34,414 | +6.0% |
| Fixed assets | 21/28 | €359,215 | €395,905 | +€36,690 | +10.2% |
| Tangible fixed assets | 22/27 | €359,215 | €395,905 | +€36,690 | +10.2% |
| Land and buildings | 22 | €338,665 | €319,560 | -€19,105 | -5.6% |
| Plant, machinery and equipment | 23 | €3,253 | €2,266 | -€987 | -30.3% |
| Furniture and vehicles | 24 | €17,297 | €74,078 | +€56,781 | +328% |
| Current assets | 29/58 | €218,357 | €216,081 | -€2,276 | -1.0% |
| Stocks and contracts in progress | 3 | €34,576 | €51,824 | +€17,247 | +49.9% |
| Stocks | 30/36 | €34,576 | €51,824 | +€17,247 | +49.9% |
| Amounts receivable within one year | 40/41 | €57,613 | €11,799 | -€45,814 | -79.5% |
| Trade receivables | 40 | €49,312 | €7,483 | -€41,829 | -84.8% |
| Other amounts receivable | 41 | €8,301 | €4,316 | -€3,985 | -48.0% |
| Current investments | 50/53 | €75,018 | €75,193 | +€176 | +0.2% |
| Cash at bank and in hand | 54/58 | €45,672 | €45,387 | -€284 | -0.6% |
| Deferred charges and accrued income | 490/1 | €5,477 | €31,877 | +€26,400 | +482% |
| Total equity and liabilities | 10/49 | €577,572 | €611,986 | +€34,414 | +6.0% |
| Equity | 10/15 | €289,619 | €296,835 | +€7,216 | +2.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €236,208 | €244,479 | +€8,271 | +3.5% |
| Tax-exempt reserves | 132 | €11,408 | €11,408 | = | 0.0% |
| Distributable reserves | 133 | €224,801 | €233,072 | +€8,271 | +3.7% |
| Investment grants | 15 | €34,819 | €33,764 | -€1,055 | -3.0% |
| Amounts payable | 17/49 | €287,953 | €315,151 | +€27,198 | +9.4% |
| Amounts payable after more than one year | 17 | €215,067 | €226,157 | +€11,090 | +5.2% |
| Financial debts | 170/4 | €215,067 | €226,157 | +€11,090 | +5.2% |
| Amounts payable within one year | 42/48 | €72,886 | €88,994 | +€16,108 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €27,994 | €31,218 | +€3,224 | +11.5% |
| Trade debts | 44 | €20,523 | €18,663 | -€1,860 | -9.1% |
| Suppliers | 440/4 | €20,523 | €18,663 | -€1,860 | -9.1% |
| Taxes, remuneration and social security | 45 | €24,369 | €36,153 | +€11,784 | +48.4% |
| Taxes | 450/3 | €22,773 | €28,018 | +€5,245 | +23.0% |
| Remuneration and social security | 454/9 | €1,596 | €8,135 | +€6,539 | +410% |
| Other amounts payable | 47/48 | - | €2,960 | +€2,960 | |
| Remuneration, social security and pensions | 62 | €108,262 | €114,135 | +€5,873 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,951 | €28,943 | -€1,008 | -3.4% |
| Other operating charges | 640/8 | €4,180 | €4,372 | +€192 | +4.6% |
| Gross operating margin | 9900 | €167,303 | €165,875 | -€1,428 | -0.9% |
| Operating profit (loss) | 9901 | €24,910 | €18,425 | -€6,485 | -26.0% |
| Financial income | 75/76B | €916 | €1,774 | +€858 | +93.7% |
| Recurring financial income | 75 | €916 | €1,774 | +€858 | +93.7% |
| Financial charges | 65/66B | €5,760 | €8,302 | +€2,541 | +44.1% |
| Recurring financial charges | 65 | €5,760 | €8,302 | +€2,541 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €20,066 | €11,898 | -€8,168 | -40.7% |
| Income taxes | 67/77 | €5,725 | €3,626 | -€2,098 | -36.7% |
| Profit (loss) for the period | 9904 | €14,341 | €8,271 | -€6,070 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,341 | €8,271 | -€6,070 | -42.3% |
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 31 October 2026 via checked.be.