Balic: what changed
Two fiscal 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.
Balic
Largest movements
- Tangible fixed assets +€803,181
up €803,181 (+66.2%), from €1.2m to €2.0m
of which Land and buildings: +€795,980
- Cash +€149,895
up €149,895 (+2547.8%), from €5,883 to €155,778
mainly Debts after one year (+€908,902) and Current portion of long-term debt (+€72,642)
- Receivables within one year +€44,818
up €44,818 (+465.3%), from €9,632 to €54,450
of which Trade receivables: +€54,450
- Debts after one year +€908,902
up €908,902 (+71.2%), from €1.3m to €2.2m
- Current portion of long-term debt +€72,642
new in 2025: €72,642
- Gross operating margin +€138,902
up €138,902, from -€15,774 to €123,128
- Depreciation +€58,440
new in 2025: €58,440
- Financial charges +€54,796
up €54,796 (+810.0%), from €6,765 to €61,561
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 | €1,233,023 | €2,229,255 | +€996,232 | +80.8% |
| Fixed assets | 21/28 | €1,213,669 | €2,016,850 | +€803,181 | +66.2% |
| Tangible fixed assets | 22/27 | €1,213,669 | €2,016,850 | +€803,181 | +66.2% |
| Land and buildings | 22 | €1,213,669 | €2,009,648 | +€795,980 | +65.6% |
| Furniture and vehicles | 24 | - | €7,202 | +€7,202 | |
| Current assets | 29/58 | €19,354 | €212,405 | +€193,051 | +997.5% |
| Amounts receivable within one year | 40/41 | €9,632 | €54,450 | +€44,818 | +465.3% |
| Trade receivables | 40 | - | €54,450 | +€54,450 | |
| Other amounts receivable | 41 | €9,632 | - | -€9,632 | |
| Cash at bank and in hand | 54/58 | €5,883 | €155,778 | +€149,895 | +2547.8% |
| Deferred charges and accrued income | 490/1 | €3,838 | €2,176 | -€1,662 | -43.3% |
| Total equity and liabilities | 10/49 | €1,233,023 | €2,229,255 | +€996,232 | +80.8% |
| Equity | 10/15 | -€48,145 | -€45,168 | +€2,977 | +6.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,145 | -€55,168 | +€2,977 | +5.1% |
| Amounts payable | 17/49 | €1,281,167 | €2,274,423 | +€993,255 | +77.5% |
| Amounts payable after more than one year | 17 | €1,276,940 | €2,185,842 | +€908,902 | +71.2% |
| Financial debts | 170/4 | €1,276,940 | €2,185,842 | +€908,902 | +71.2% |
| Amounts payable within one year | 42/48 | - | €82,673 | +€82,673 | |
| Current portion of amounts payable after more than one year | 42 | - | €72,642 | +€72,642 | |
| Trade debts | 44 | - | €4,758 | +€4,758 | |
| Suppliers | 440/4 | - | €4,758 | +€4,758 | |
| Taxes, remuneration and social security | 45 | - | €5,273 | +€5,273 | |
| Taxes | 450/3 | - | €5,273 | +€5,273 | |
| Accrued charges and deferred income | 492/3 | €4,227 | €5,907 | +€1,680 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €58,440 | +€58,440 | |
| Other operating charges | 640/8 | - | €150 | +€150 | |
| Non-recurring operating charges | 66A | €35,626 | - | -€35,626 | |
| Gross operating margin | 9900 | -€15,774 | €123,128 | +€138,902 | |
| Operating profit (loss) | 9901 | -€51,399 | €64,538 | +€115,938 | |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €6,765 | €61,561 | +€54,796 | +810.0% |
| Recurring financial charges | 65 | €6,765 | €61,561 | +€54,796 | +810.0% |
| Profit (loss) for the period before taxes | 9903 | -€58,145 | €2,977 | +€61,122 | |
| Profit (loss) for the period | 9904 | -€58,145 | €2,977 | +€61,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,145 | €2,977 | +€61,122 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.