BALINCO: 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.
BALINCO
Largest movements
- Stocks and contracts +€714,737
up €714,737 (+204,796%), from €349 to €715,086
- Tangible fixed assets +€342,287
up €342,287 (+23.1%), from €1.5m to €1.8m
of which Land and buildings: +€307,143
- Cash +€117,528
up €117,528 (+34.0%), from €345,832 to €463,360
mainly Net result for the year (+€543,841) and Short-term financial debts (+€413,467)
- Reserves +€543,841
up €543,841 (+47.3%), from €1.1m to €1.7m
- Short-term financial debts +€413,467
new in 2025: €413,467
- Debts after one year +€281,054
up €281,054 (+32.8%), from €857,384 to €1.1m
- Current portion of long-term debt -€40,304
down €40,304 (-14.7%), from €273,677 to €233,373
- Gross operating margin -€260,885
down €260,885 (-16.6%), from €1.6m to €1.3m
- Staff costs -€79,780
down €79,780 (-21.6%), from €369,013 to €289,233
- Depreciation -€70,527
down €70,527 (-24.9%), from €283,645 to €213,117
- Taxes -€32,261
down €32,261 (-11.9%), from €271,479 to €239,218
- Financial income +€25,400
up €25,400 (+142%), from €17,933 to €43,333
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 | €2,757,453 | €3,965,864 | +€1.2m | +43.8% |
| Fixed assets | 21/28 | €1,479,289 | €1,821,576 | +€342,287 | +23.1% |
| Tangible fixed assets | 22/27 | €1,479,289 | €1,821,576 | +€342,287 | +23.1% |
| Land and buildings | 22 | €456,025 | €763,168 | +€307,143 | +67.4% |
| Plant, machinery and equipment | 23 | €562,165 | €667,741 | +€105,576 | +18.8% |
| Furniture and vehicles | 24 | €178,594 | €139,896 | -€38,698 | -21.7% |
| Leasing and similar rights | 25 | €282,504 | €250,771 | -€31,734 | -11.2% |
| Current assets | 29/58 | €1,278,164 | €2,144,288 | +€866,124 | +67.8% |
| Stocks and contracts in progress | 3 | €349 | €715,086 | +€714,737 | +204,796% |
| Stocks | 30/36 | €349 | €715,086 | +€714,737 | +204,796% |
| Amounts receivable within one year | 40/41 | €904,392 | €899,799 | -€4,593 | -0.5% |
| Trade receivables | 40 | €110,073 | €240,043 | +€129,970 | +118% |
| Other amounts receivable | 41 | €794,319 | €659,756 | -€134,563 | -16.9% |
| Cash at bank and in hand | 54/58 | €345,832 | €463,360 | +€117,528 | +34.0% |
| Deferred charges and accrued income | 490/1 | €27,590 | €66,043 | +€38,452 | +139% |
| Total equity and liabilities | 10/49 | €2,757,453 | €3,965,864 | +€1.2m | +43.8% |
| Equity | 10/15 | €1,289,107 | €1,832,948 | +€543,841 | +42.2% |
| Contributions | 10/11 | €139,800 | €139,800 | = | 0.0% |
| Reserves | 13 | €1,149,307 | €1,693,148 | +€543,841 | +47.3% |
| Distributable reserves | 133 | €1,149,307 | €1,693,148 | +€543,841 | +47.3% |
| Amounts payable | 17/49 | €1,468,346 | €2,132,916 | +€664,570 | +45.3% |
| Amounts payable after more than one year | 17 | €857,384 | €1,138,439 | +€281,054 | +32.8% |
| Financial debts | 170/4 | €857,384 | €1,138,439 | +€281,054 | +32.8% |
| Amounts payable within one year | 42/48 | €608,096 | €983,743 | +€375,647 | +61.8% |
| Current portion of amounts payable after more than one year | 42 | €273,677 | €233,373 | -€40,304 | -14.7% |
| Financial debts | 43 | - | €413,467 | +€413,467 | |
| Credit institutions | 430/8 | - | €413,467 | +€413,467 | |
| Trade debts | 44 | €322,918 | €309,695 | -€13,223 | -4.1% |
| Suppliers | 440/4 | €322,918 | €309,695 | -€13,223 | -4.1% |
| Taxes, remuneration and social security | 45 | €11,501 | €27,209 | +€15,708 | +137% |
| Taxes | 450/3 | €1,572 | €2,615 | +€1,044 | +66.4% |
| Remuneration and social security | 454/9 | €9,929 | €24,594 | +€14,665 | +148% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,865 | €10,734 | +€7,868 | +275% |
| Non-recurring operating income | 76A | €3,789 | €33,404 | +€29,615 | +782% |
| Remuneration, social security and pensions | 62 | €369,013 | €289,233 | -€79,780 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283,645 | €213,117 | -€70,527 | -24.9% |
| Other operating charges | 640/8 | €14,495 | €12,469 | -€2,026 | -14.0% |
| Non-recurring operating charges | 66A | €8,115 | €6,316 | -€1,799 | -22.2% |
| Gross operating margin | 9900 | €1,571,187 | €1,310,302 | -€260,885 | -16.6% |
| Operating profit (loss) | 9901 | €895,919 | €789,166 | -€106,753 | -11.9% |
| Financial income | 75/76B | €17,933 | €43,333 | +€25,400 | +142% |
| Recurring financial income | 75 | €17,933 | €43,333 | +€25,400 | +142% |
| Financial charges | 65/66B | €25,396 | €49,441 | +€24,045 | +94.7% |
| Recurring financial charges | 65 | €25,396 | €49,441 | +€24,045 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €888,456 | €783,058 | -€105,398 | -11.9% |
| Income taxes | 67/77 | €271,479 | €239,218 | -€32,261 | -11.9% |
| Profit (loss) for the period | 9904 | €616,977 | €543,841 | -€73,137 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €616,977 | €543,841 | -€73,137 | -11.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.