BALIGAS: 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.
BALIGAS
Largest movements
- Receivables within one year +€75,522
up €75,522 (+162%), from €46,747 to €122,269
of which Other amounts receivable: +€77,808
- Other debts +€96,193
up €96,193 (+442%), from €21,760 to €117,953
- Tax, wage and social debts -€20,149
down €20,149 (-50.9%), from €39,568 to €19,419
- Short-term financial debts -€7,331
no longer reported in 2025 (was €7,331)
- Trade debts +€6,401
up €6,401 (+199%), from €3,225 to €9,625
- Gross operating margin -€17,741
down €17,741, from €17,590 to -€151
- Financial income +€12,957
up €12,957 (+838%), from €1,547 to €14,503
- Other operating charges +€4,410
up €4,410 (+207%), from €2,126 to €6,536
- Taxes -€4,328
down €4,328 (-63.9%), from €6,778 to €2,450
- Financial charges -€389
down €389 (-12.2%), from €3,185 to €2,796
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 | €260,160 | €337,596 | +€77,436 | +29.8% |
| Fixed assets | 21/28 | €118 | - | -€118 | |
| Tangible fixed assets | 22/27 | €118 | - | -€118 | |
| Plant, machinery and equipment | 23 | €118 | - | -€118 | |
| Current assets | 29/58 | €260,042 | €337,596 | +€77,554 | +29.8% |
| Amounts receivable after more than one year | 29 | €212,575 | €212,575 | = | 0.0% |
| Other amounts receivable | 291 | €212,575 | €212,575 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,747 | €122,269 | +€75,522 | +162% |
| Trade receivables | 40 | €6,096 | €3,810 | -€2,286 | -37.5% |
| Other amounts receivable | 41 | €40,651 | €118,459 | +€77,808 | +191% |
| Cash at bank and in hand | 54/58 | - | €1,969 | +€1,969 | |
| Deferred charges and accrued income | 490/1 | €719 | €783 | +€63 | +8.8% |
| Total equity and liabilities | 10/49 | €260,160 | €337,596 | +€77,436 | +29.8% |
| Equity | 10/15 | €188,276 | €190,599 | +€2,322 | +1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €175,876 | €178,199 | +€2,322 | +1.3% |
| 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 | €174,016 | €176,339 | +€2,322 | +1.3% |
| Amounts payable | 17/49 | €71,883 | €146,997 | +€75,114 | +104% |
| Amounts payable within one year | 42/48 | €71,883 | €146,997 | +€75,114 | +104% |
| Financial debts | 43 | €7,331 | - | -€7,331 | |
| Credit institutions | 430/8 | €7,331 | - | -€7,331 | |
| Trade debts | 44 | €3,225 | €9,625 | +€6,401 | +199% |
| Suppliers | 440/4 | €3,225 | €9,625 | +€6,401 | +199% |
| Taxes, remuneration and social security | 45 | €39,568 | €19,419 | -€20,149 | -50.9% |
| Taxes | 450/3 | €39,568 | €19,419 | -€20,149 | -50.9% |
| Other amounts payable | 47/48 | €21,760 | €117,953 | +€96,193 | +442% |
| Remuneration, social security and pensions | 62 | €146 | €132 | -€15 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €118 | -€121 | -50.6% |
| Other operating charges | 640/8 | €2,126 | €6,536 | +€4,410 | +207% |
| Gross operating margin | 9900 | €17,590 | -€151 | -€17,741 | |
| Operating profit (loss) | 9901 | €15,079 | -€6,936 | -€22,015 | |
| Financial income | 75/76B | €1,547 | €14,503 | +€12,957 | +838% |
| Recurring financial income | 75 | €1,547 | €14,503 | +€12,957 | +838% |
| Financial charges | 65/66B | €3,185 | €2,796 | -€389 | -12.2% |
| Recurring financial charges | 65 | €3,185 | €2,796 | -€389 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €13,441 | €4,772 | -€8,669 | -64.5% |
| Income taxes | 67/77 | €6,778 | €2,450 | -€4,328 | -63.9% |
| Profit (loss) for the period | 9904 | €6,663 | €2,322 | -€4,341 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,663 | €2,322 | -€4,341 | -65.1% |
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 16 October 2026 via checked.be.