BALIGANT: 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.
BALIGANT
Largest movements
- Cash +€65,687
up €65,687 (+13.5%), from €488,031 to €553,717
mainly Other debts (+€221,026) and Net result for the year (+€118,418)
- Tangible fixed assets -€25,737
down €25,737 (-21.3%), from €121,003 to €95,266
of which Plant, machinery and equipment: -€20,615
- Other debts +€221,026
up €221,026 (+403.7%), from €54,746 to €275,772
- Reserves -€175,130
down €175,130 (-36.5%), from €480,249 to €305,120
of which Distributable reserves: -€175,130
- Tax, wage and social debts +€15,707
up €15,707 (+142.1%), from €11,057 to €26,764
of which Taxes: +€15,381
- Debts after one year -€11,163
down €11,163 (-100.0%), from €11,163 to €0
- Current portion of long-term debt -€7,289
down €7,289 (-39.5%), from €18,452 to €11,163
- Gross operating margin +€42,832
up €42,832 (+20.4%), from €210,393 to €253,225
- Taxes +€13,639
up €13,639 (+37.9%), from €36,000 to €49,639
- Depreciation -€2,921
down €2,921 (-8.5%), from €34,267 to €31,345
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 | €632,085 | €673,745 | +€41,660 | +6.6% |
| Fixed assets | 21/28 | €121,003 | €95,266 | -€25,737 | -21.3% |
| Tangible fixed assets | 22/27 | €121,003 | €95,266 | -€25,737 | -21.3% |
| Land and buildings | 22 | €61,910 | €58,327 | -€3,583 | -5.8% |
| Plant, machinery and equipment | 23 | €48,209 | €27,594 | -€20,615 | -42.8% |
| Furniture and vehicles | 24 | €4,950 | €4,278 | -€672 | -13.6% |
| Other tangible fixed assets | 26 | €5,935 | €5,067 | -€867 | -14.6% |
| Current assets | 29/58 | €511,082 | €578,479 | +€67,397 | +13.2% |
| Stocks and contracts in progress | 3 | €8,365 | €9,713 | +€1,348 | +16.1% |
| Stocks | 30/36 | €8,365 | €9,713 | +€1,348 | +16.1% |
| Amounts receivable within one year | 40/41 | €6,037 | €6,471 | +€434 | +7.2% |
| Trade receivables | 40 | €908 | €944 | +€36 | +4.0% |
| Other amounts receivable | 41 | €5,129 | €5,527 | +€398 | +7.8% |
| Cash at bank and in hand | 54/58 | €488,031 | €553,717 | +€65,687 | +13.5% |
| Deferred charges and accrued income | 490/1 | €8,649 | €8,579 | -€71 | -0.8% |
| Total equity and liabilities | 10/49 | €632,085 | €673,745 | +€41,660 | +6.6% |
| Equity | 10/15 | €532,451 | €357,321 | -€175,130 | -32.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €480,249 | €305,120 | -€175,130 | -36.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €478,389 | €303,260 | -€175,130 | -36.6% |
| Profit (loss) carried forward | 14 | €39,802 | €39,802 | = | 0.0% |
| Amounts payable | 17/49 | €99,634 | €316,423 | +€216,790 | +217.6% |
| Amounts payable after more than one year | 17 | €11,163 | €0 | -€11,163 | -100.0% |
| Financial debts | 170/4 | €11,163 | €0 | -€11,163 | -100.0% |
| Amounts payable within one year | 42/48 | €88,471 | €316,423 | +€227,952 | +257.7% |
| Current portion of amounts payable after more than one year | 42 | €18,452 | €11,163 | -€7,289 | -39.5% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €4,216 | €2,702 | -€1,514 | -35.9% |
| Suppliers | 440/4 | €4,216 | €2,702 | -€1,514 | -35.9% |
| Taxes, remuneration and social security | 45 | €11,057 | €26,764 | +€15,707 | +142.1% |
| Taxes | 450/3 | €2,850 | €18,231 | +€15,381 | +539.8% |
| Remuneration and social security | 454/9 | €8,207 | €8,533 | +€326 | +4.0% |
| Other amounts payable | 47/48 | €54,746 | €275,772 | +€221,026 | +403.7% |
| Remuneration, social security and pensions | 62 | €49,852 | €50,847 | +€994 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,267 | €31,345 | -€2,921 | -8.5% |
| Other operating charges | 640/8 | €2,992 | €3,300 | +€308 | +10.3% |
| Gross operating margin | 9900 | €210,393 | €253,225 | +€42,832 | +20.4% |
| Operating profit (loss) | 9901 | €123,283 | €167,733 | +€44,451 | +36.1% |
| Financial income | 75/76B | €2,854 | €2,952 | +€98 | +3.5% |
| Recurring financial income | 75 | €2,854 | €2,952 | +€98 | +3.5% |
| Financial charges | 65/66B | €2,943 | €2,629 | -€314 | -10.7% |
| Recurring financial charges | 65 | €2,943 | €2,629 | -€314 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €123,193 | €168,057 | +€44,864 | +36.4% |
| Income taxes | 67/77 | €36,000 | €49,639 | +€13,639 | +37.9% |
| Profit (loss) for the period | 9904 | €87,193 | €118,418 | +€31,225 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,193 | €118,418 | +€31,225 | +35.8% |
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.