BALINGWIRES: 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.
BALINGWIRES
Largest movements
- Current investments +€24,958
up €24,958 (+52.7%), from €47,397 to €72,355
- Cash -€22,771
down €22,771 (-97.1%), from €23,441 to €670
mainly Current investments (-€24,958) and Debts after one year (-€19,708)
- Tangible fixed assets -€16,457
down €16,457 (-9.1%), from €180,472 to €164,015
of which Furniture and vehicles: -€9,113
- Receivables within one year +€7,973
up €7,973 (+36.7%), from €21,712 to €29,685
of which Trade receivables: +€8,794
- Reserves +€23,711
up €23,711 (+21.6%), from €109,527 to €133,238
- Debts after one year -€19,708
down €19,708 (-21.0%), from €93,871 to €74,163
- Other debts -€5,901
down €5,901 (-60.7%), from €9,719 to €3,818
- Current portion of long-term debt -€4,709
down €4,709 (-27.1%), from €17,381 to €12,672
- Trade debts -€2,824
down €2,824 (-41.1%), from €6,867 to €4,043
- Gross operating margin -€32,698
down €32,698 (-33.3%), from €98,310 to €65,612
- Staff costs -€21,186
down €21,186 (-68.4%), from €30,973 to €9,787
- Taxes -€2,494
down €2,494 (-17.9%), from €13,944 to €11,450
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 | €273,842 | €268,476 | -€5,366 | -2.0% |
| Fixed assets | 21/28 | €180,507 | €164,050 | -€16,457 | -9.1% |
| Tangible fixed assets | 22/27 | €180,472 | €164,015 | -€16,457 | -9.1% |
| Land and buildings | 22 | €151,224 | €144,101 | -€7,124 | -4.7% |
| Plant, machinery and equipment | 23 | €227 | €6 | -€221 | -97.3% |
| Furniture and vehicles | 24 | €29,021 | €19,908 | -€9,113 | -31.4% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €93,334 | €104,426 | +€11,092 | +11.9% |
| Amounts receivable within one year | 40/41 | €21,712 | €29,685 | +€7,973 | +36.7% |
| Trade receivables | 40 | €20,839 | €29,632 | +€8,794 | +42.2% |
| Other amounts receivable | 41 | €873 | €52 | -€821 | -94.0% |
| Current investments | 50/53 | €47,397 | €72,355 | +€24,958 | +52.7% |
| Cash at bank and in hand | 54/58 | €23,441 | €670 | -€22,771 | -97.1% |
| Deferred charges and accrued income | 490/1 | €785 | €1,716 | +€931 | +119% |
| Total equity and liabilities | 10/49 | €273,842 | €268,476 | -€5,366 | -2.0% |
| Equity | 10/15 | €121,927 | €145,638 | +€23,711 | +19.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €109,527 | €133,238 | +€23,711 | +21.6% |
| Distributable reserves | 133 | €109,527 | €133,238 | +€23,711 | +21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €151,914 | €122,838 | -€29,076 | -19.1% |
| Amounts payable after more than one year | 17 | €93,871 | €74,163 | -€19,708 | -21.0% |
| Financial debts | 170/4 | €93,871 | €74,163 | -€19,708 | -21.0% |
| Amounts payable within one year | 42/48 | €58,044 | €48,675 | -€9,368 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €17,381 | €12,672 | -€4,709 | -27.1% |
| Financial debts | 43 | €1,691 | €3,035 | +€1,344 | +79.4% |
| Credit institutions | 430/8 | €1,691 | €3,035 | +€1,344 | +79.4% |
| Trade debts | 44 | €6,867 | €4,043 | -€2,824 | -41.1% |
| Suppliers | 440/4 | €6,867 | €4,043 | -€2,824 | -41.1% |
| Taxes, remuneration and social security | 45 | €22,386 | €25,108 | +€2,722 | +12.2% |
| Taxes | 450/3 | €7,474 | €15,242 | +€7,768 | +104% |
| Remuneration and social security | 454/9 | €14,912 | €9,866 | -€5,046 | -33.8% |
| Other amounts payable | 47/48 | €9,719 | €3,818 | -€5,901 | -60.7% |
| Remuneration, social security and pensions | 62 | €30,973 | €9,787 | -€21,186 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,790 | €16,457 | -€333 | -2.0% |
| Other operating charges | 640/8 | €1,666 | €1,419 | -€247 | -14.8% |
| Gross operating margin | 9900 | €98,310 | €65,612 | -€32,698 | -33.3% |
| Operating profit (loss) | 9901 | €48,881 | €37,949 | -€10,932 | -22.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,494 | €2,789 | -€706 | -20.2% |
| Recurring financial charges | 65 | €3,494 | €2,789 | -€706 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €45,386 | €35,160 | -€10,226 | -22.5% |
| Income taxes | 67/77 | €13,944 | €11,450 | -€2,494 | -17.9% |
| Profit (loss) for the period | 9904 | €31,442 | €23,711 | -€7,732 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,442 | €23,711 | -€7,732 | -24.6% |
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 21 October 2026 via checked.be.