BALI MAXILLO WAVRE: 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.
BALI MAXILLO WAVRE
Largest movements
- Cash +€118,033
up €118,033 (+66.2%), from €178,169 to €296,201
mainly Net result for the year (+€197,447) and Depreciation (+€103,261)
- Financial fixed assets +€99,109
up €99,109 (+70.0%), from €141,506 to €240,614
- Current investments -€90,000
no longer reported in 2025 (was €90,000)
- Tangible fixed assets -€16,932
down €16,932 (-1.5%), from €1.1m to €1.1m
of which Furniture and vehicles: -€52,000
- Profit (loss) carried forward +€197,447
up €197,447 (+63.8%), from €309,611 to €507,057
- Debts after one year -€43,339
down €43,339 (-6.6%), from €657,213 to €613,873
- Current portion of long-term debt -€26,352
down €26,352 (-17.4%), from €151,479 to €125,127
- Trade debts -€21,836
down €21,836 (-53.4%), from €40,871 to €19,035
- Other debts -€20,000
down €20,000 (-6.4%), from €310,784 to €290,784
- Gross operating margin +€109,125
up €109,125 (+23.1%), from €471,675 to €580,800
- Staff costs +€32,887
up €32,887 (+20.1%), from €163,636 to €196,523
- Taxes +€25,622
up €25,622 (+57.1%), from €44,894 to €70,516
- Depreciation +€7,291
up €7,291 (+7.6%), from €95,970 to €103,261
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 | €1,548,292 | €1,644,201 | +€95,909 | +6.2% |
| Fixed assets | 21/28 | €1,235,342 | €1,317,519 | +€82,177 | +6.7% |
| Tangible fixed assets | 22/27 | €1,093,837 | €1,076,905 | -€16,932 | -1.5% |
| Land and buildings | 22 | €910,502 | €893,675 | -€16,828 | -1.8% |
| Plant, machinery and equipment | 23 | €61,610 | €128,808 | +€67,198 | +109% |
| Furniture and vehicles | 24 | €106,422 | €54,422 | -€52,000 | -48.9% |
| Other tangible fixed assets | 26 | €15,303 | - | -€15,303 | |
| Financial fixed assets | 28 | €141,506 | €240,614 | +€99,109 | +70.0% |
| Current assets | 29/58 | €312,950 | €326,682 | +€13,733 | +4.4% |
| Amounts receivable within one year | 40/41 | €41,786 | €30,481 | -€11,305 | -27.1% |
| Trade receivables | 40 | €14,391 | €3,698 | -€10,693 | -74.3% |
| Other amounts receivable | 41 | €27,395 | €26,782 | -€613 | -2.2% |
| Current investments | 50/53 | €90,000 | - | -€90,000 | |
| Cash at bank and in hand | 54/58 | €178,169 | €296,201 | +€118,033 | +66.2% |
| Deferred charges and accrued income | 490/1 | €2,995 | - | -€2,995 | |
| Total equity and liabilities | 10/49 | €1,548,292 | €1,644,201 | +€95,909 | +6.2% |
| Equity | 10/15 | €371,111 | €568,557 | +€197,447 | +53.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €309,611 | €507,057 | +€197,447 | +63.8% |
| Amounts payable | 17/49 | €1,177,181 | €1,075,644 | -€101,538 | -8.6% |
| Amounts payable after more than one year | 17 | €657,213 | €613,873 | -€43,339 | -6.6% |
| Financial debts | 170/4 | €657,213 | €613,873 | -€43,339 | -6.6% |
| Amounts payable within one year | 42/48 | €519,969 | €461,770 | -€58,198 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €151,479 | €125,127 | -€26,352 | -17.4% |
| Trade debts | 44 | €40,871 | €19,035 | -€21,836 | -53.4% |
| Suppliers | 440/4 | €40,871 | €19,035 | -€21,836 | -53.4% |
| Taxes, remuneration and social security | 45 | €16,835 | €26,825 | +€9,990 | +59.3% |
| Remuneration and social security | 454/9 | €16,835 | €26,825 | +€9,990 | +59.3% |
| Other amounts payable | 47/48 | €310,784 | €290,784 | -€20,000 | -6.4% |
| Remuneration, social security and pensions | 62 | €163,636 | €196,523 | +€32,887 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,970 | €103,261 | +€7,291 | +7.6% |
| Other operating charges | 640/8 | €4,416 | €4,556 | +€140 | +3.2% |
| Gross operating margin | 9900 | €471,675 | €580,800 | +€109,125 | +23.1% |
| Operating profit (loss) | 9901 | €207,653 | €276,460 | +€68,807 | +33.1% |
| Financial income | 75/76B | €4,549 | €4,761 | +€212 | +4.7% |
| Recurring financial income | 75 | €4,549 | €4,761 | +€212 | +4.7% |
| Financial charges | 65/66B | €16,283 | €13,258 | -€3,025 | -18.6% |
| Recurring financial charges | 65 | €12,789 | €12,866 | +€78 | +0.6% |
| Non-recurring financial charges | 66B | €3,495 | €392 | -€3,103 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €195,918 | €267,963 | +€72,044 | +36.8% |
| Income taxes | 67/77 | €44,894 | €70,516 | +€25,622 | +57.1% |
| Profit (loss) for the period | 9904 | €151,025 | €197,447 | +€46,422 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €151,025 | €197,447 | +€46,422 | +30.7% |
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 19 October 2026 via checked.be.