BALIO STUDIO: 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.
BALIO STUDIO
Largest movements
- Receivables within one year +€310,526
up €310,526 (+67.7%), from €458,633 to €769,159
of which Other amounts receivable: +€404,546
- Stocks and contracts +€161,085
up €161,085 (+96.5%), from €167,000 to €328,085
of which Stocks: +€228,085
- Intangible fixed assets -€88,605
down €88,605 (-50.0%), from €177,211 to €88,605
- Cash +€75,524
up €75,524 (+668.8%), from €11,292 to €86,817
mainly Accrued charges and deferred income (+€177,538) and Current portion of long-term debt (+€108,411)
- Deferred charges and accrued income +€52,111
up €52,111 (+405.2%), from €12,860 to €64,971
- Accrued charges and deferred income +€177,538
up €177,538 (+3377.5%), from €5,257 to €182,795
- Current portion of long-term debt +€108,411
up €108,411 (+236.2%), from €45,892 to €154,303
- Debts after one year +€105,447
up €105,447 (+48.9%), from €215,810 to €321,257
- Tax, wage and social debts +€100,370
up €100,370 (+48.7%), from €206,033 to €306,403
of which Remuneration and social security: +€65,504
- Investment grants -€59,062
down €59,062 (-50.0%), from €118,124 to €59,062
- Staff costs +€283,994
up €283,994 (+32.8%), from €865,886 to €1.1m
- Gross operating margin +€257,752
up €257,752 (+24.2%), from €1.1m to €1.3m
- Financial charges +€78,128
up €78,128 (+233.3%), from €33,492 to €111,621
- Taxes -€25,762
down €25,762 (-61.4%), from €41,950 to €16,189
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €976,783 | €1,474,369 | +€497,586 | +50.9% |
| Fixed assets | 21/28 | €206,997 | €105,337 | -€101,661 | -49.1% |
| Intangible fixed assets | 21 | €177,211 | €88,605 | -€88,605 | -50.0% |
| Tangible fixed assets | 22/27 | €29,172 | €16,116 | -€13,055 | -44.8% |
| Land and buildings | 22 | €6,290 | €4,290 | -€2,000 | -31.8% |
| Plant, machinery and equipment | 23 | €14,988 | €5,304 | -€9,684 | -64.6% |
| Furniture and vehicles | 24 | €7,893 | €6,522 | -€1,371 | -17.4% |
| Financial fixed assets | 28 | €615 | €615 | = | 0.0% |
| Current assets | 29/58 | €769,786 | €1,369,032 | +€599,247 | +77.8% |
| Stocks and contracts in progress | 3 | €167,000 | €328,085 | +€161,085 | +96.5% |
| Stocks | 30/36 | - | €228,085 | +€228,085 | |
| Contracts in progress | 37 | €167,000 | €100,000 | -€67,000 | -40.1% |
| Amounts receivable within one year | 40/41 | €458,633 | €769,159 | +€310,526 | +67.7% |
| Trade receivables | 40 | €289,927 | €195,907 | -€94,020 | -32.4% |
| Other amounts receivable | 41 | €168,707 | €573,253 | +€404,546 | +239.8% |
| Current investments | 50/53 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,292 | €86,817 | +€75,524 | +668.8% |
| Deferred charges and accrued income | 490/1 | €12,860 | €64,971 | +€52,111 | +405.2% |
| Total equity and liabilities | 10/49 | €976,783 | €1,474,369 | +€497,586 | +50.9% |
| Equity | 10/15 | €318,907 | €267,314 | -€51,593 | -16.2% |
| Contributions | 10/11 | €65,160 | €65,160 | = | 0.0% |
| Reserves | 13 | €122,862 | €122,862 | = | 0.0% |
| Non-distributable reserves | 130/1 | €120,000 | €120,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €120,000 | €120,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,862 | €2,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,761 | €20,230 | +€7,469 | +58.5% |
| Investment grants | 15 | €118,124 | €59,062 | -€59,062 | -50.0% |
| Amounts payable | 17/49 | €657,875 | €1,207,055 | +€549,179 | +83.5% |
| Amounts payable after more than one year | 17 | €215,810 | €321,257 | +€105,447 | +48.9% |
| Financial debts | 170/4 | €215,810 | €321,257 | +€105,447 | +48.9% |
| Amounts payable within one year | 42/48 | €436,809 | €703,003 | +€266,194 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | €45,892 | €154,303 | +€108,411 | +236.2% |
| Financial debts | 43 | €80,377 | €125,000 | +€44,623 | +55.5% |
| Credit institutions | 430/8 | €80,377 | €125,000 | +€44,623 | +55.5% |
| Trade debts | 44 | €104,506 | €115,189 | +€10,683 | +10.2% |
| Suppliers | 440/4 | €104,506 | €115,189 | +€10,683 | +10.2% |
| Taxes, remuneration and social security | 45 | €206,033 | €306,403 | +€100,370 | +48.7% |
| Taxes | 450/3 | €39,045 | €73,911 | +€34,866 | +89.3% |
| Remuneration and social security | 454/9 | €166,989 | €232,493 | +€65,504 | +39.2% |
| Other amounts payable | 47/48 | - | €2,107 | +€2,107 | |
| Accrued charges and deferred income | 492/3 | €5,257 | €182,795 | +€177,538 | +3377.5% |
| Non-recurring operating income | 76A | €0 | €674 | +€674 | |
| Remuneration, social security and pensions | 62 | €865,886 | €1,149,879 | +€283,994 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,415 | €98,923 | -€7,491 | -7.0% |
| Other operating charges | 640/8 | €4,080 | €7,419 | +€3,339 | +81.8% |
| Non-recurring operating charges | 66A | €123 | €0 | -€123 | -100.0% |
| Gross operating margin | 9900 | €1,065,546 | €1,323,298 | +€257,752 | +24.2% |
| Operating profit (loss) | 9901 | €89,042 | €67,076 | -€21,966 | -24.7% |
| Financial income | 75/76B | €64,014 | €68,202 | +€4,188 | +6.5% |
| Recurring financial income | 75 | €64,014 | €68,202 | +€4,188 | +6.5% |
| Financial charges | 65/66B | €33,492 | €111,621 | +€78,128 | +233.3% |
| Recurring financial charges | 65 | €33,492 | €111,621 | +€78,128 | +233.3% |
| Profit (loss) for the period before taxes | 9903 | €119,564 | €23,657 | -€95,907 | -80.2% |
| Income taxes | 67/77 | €41,950 | €16,189 | -€25,762 | -61.4% |
| Profit (loss) for the period | 9904 | €77,614 | €7,469 | -€70,145 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,614 | €7,469 | -€70,145 | -90.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.