BALITEX: 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.
BALITEX
Largest movements
- Current investments +€1.2m
new in 2025: €1.2m
- Cash -€692,848
down €692,848 (-77.0%), from €900,222 to €207,374
mainly Current investments (-€1.2m) and Other debts (-€606,653)
- Tangible fixed assets -€467,383
no longer reported in 2025 (was €467,383)
- Receivables within one year -€50,345
down €50,345 (-97.5%), from €51,662 to €1,317
of which Other amounts receivable: -€50,000
- Reserves +€1.2m
up €1.2m (+178258.9%), from €679 to €1.2m
- Profit (loss) carried forward -€720,220
down €720,220 (-94.9%), from €759,183 to €38,964
- Other debts -€606,653
no longer reported in 2025 (was €606,653)
- Tax, wage and social debts +€67,817
up €67,817 (+138.3%), from €49,031 to €116,848
- Gross operating margin -€209,738
down €209,738 (-20.7%), from €1.0m to €805,406
- Depreciation -€22,651
no longer reported in 2025 (was €22,651)
- Financial charges -€12,891
down €12,891 (-99.8%), from €12,921 to €30
- Financial income +€12,591
new in 2025: €12,591
- Taxes +€11,591
up €11,591 (+4.7%), from €247,380 to €258,971
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 | €1,419,267 | €1,367,539 | -€51,728 | -3.6% |
| Fixed assets | 21/28 | €467,383 | - | -€467,383 | |
| Tangible fixed assets | 22/27 | €467,383 | - | -€467,383 | |
| Land and buildings | 22 | €467,383 | - | -€467,383 | |
| Current assets | 29/58 | €951,884 | €1,367,539 | +€415,655 | +43.7% |
| Amounts receivable within one year | 40/41 | €51,662 | €1,317 | -€50,345 | -97.5% |
| Trade receivables | 40 | €1,662 | €1,317 | -€345 | -20.8% |
| Other amounts receivable | 41 | €50,000 | - | -€50,000 | |
| Current investments | 50/53 | - | €1,158,814 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €900,222 | €207,374 | -€692,848 | -77.0% |
| Deferred charges and accrued income | 490/1 | - | €34 | +€34 | |
| Total equity and liabilities | 10/49 | €1,419,267 | €1,367,539 | -€51,728 | -3.6% |
| Equity | 10/15 | €759,862 | €1,249,325 | +€489,463 | +64.4% |
| Reserves | 13 | €679 | €1,210,361 | +€1.2m | +178258.9% |
| Distributable reserves | 133 | €679 | €1,210,361 | +€1.2m | +178258.9% |
| Profit (loss) carried forward | 14 | €759,183 | €38,964 | -€720,220 | -94.9% |
| Amounts payable | 17/49 | €659,405 | €118,214 | -€541,191 | -82.1% |
| Amounts payable within one year | 42/48 | €659,405 | €118,116 | -€541,289 | -82.1% |
| Trade debts | 44 | €2,068 | €1,268 | -€800 | -38.7% |
| Suppliers | 440/4 | €2,068 | €1,268 | -€800 | -38.7% |
| Advances received on contracts in progress | 46 | €1,653 | - | -€1,653 | |
| Taxes, remuneration and social security | 45 | €49,031 | €116,848 | +€67,817 | +138.3% |
| Taxes | 450/3 | €49,031 | €116,848 | +€67,817 | +138.3% |
| Other amounts payable | 47/48 | €606,653 | - | -€606,653 | |
| Accrued charges and deferred income | 492/3 | - | €98 | +€98 | |
| Non-recurring operating income | 76A | €997,406 | €830,617 | -€166,789 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,651 | - | -€22,651 | |
| Other operating charges | 640/8 | €11,973 | €4,059 | -€7,914 | -66.1% |
| Gross operating margin | 9900 | €1,015,144 | €805,406 | -€209,738 | -20.7% |
| Operating profit (loss) | 9901 | €980,521 | €801,347 | -€179,173 | -18.3% |
| Financial income | 75/76B | - | €12,591 | +€12,591 | |
| Recurring financial income | 75 | - | €12,591 | +€12,591 | |
| Financial charges | 65/66B | €12,921 | €30 | -€12,891 | -99.8% |
| Recurring financial charges | 65 | €12,921 | €30 | -€12,891 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €967,599 | €813,908 | -€153,691 | -15.9% |
| Income taxes | 67/77 | €247,380 | €258,971 | +€11,591 | +4.7% |
| Profit (loss) for the period | 9904 | €720,220 | €554,937 | -€165,282 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €720,220 | €554,937 | -€165,282 | -22.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.