BALKAYA GROUP: 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.
BALKAYA GROUP
Largest movements
- Tangible fixed assets +€41,395
up €41,395 (+14.2%), from €291,914 to €333,309
of which Furniture and vehicles: +€52,343
- Cash -€6,950
down €6,950 (-48.1%), from €14,435 to €7,485
mainly Investment in fixed assets (net) (-€74,612) and Other debts (-€10,316)
- Current portion of long-term debt +€19,559
up €19,559 (+88.9%), from €22,004 to €41,563
- Debts after one year +€12,437
up €12,437 (+6.5%), from €190,903 to €203,341
- Other debts -€10,316
down €10,316 (-73.4%), from €14,047 to €3,731
- Reserves +€7,390
up €7,390 (+397%), from €1,860 to €9,250
of which Distributable reserves: +€7,390
- Tax, wage and social debts +€5,692
up €5,692 (+51.4%), from €11,073 to €16,765
- Depreciation +€16,672
up €16,672 (+101%), from €16,545 to €33,217
- Staff costs -€4,413
no longer reported in 2024 (was €4,413)
- Taxes -€2,067
down €2,067 (-23.4%), from €8,844 to €6,777
- Gross operating margin -€1,810
down €1,810 (-3.1%), from €57,687 to €55,877
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.
Derived cash bridge
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 | €320,617 | €356,680 | +€36,063 | +11.2% |
| Fixed assets | 21/28 | €291,914 | €333,309 | +€41,395 | +14.2% |
| Tangible fixed assets | 22/27 | €291,914 | €333,309 | +€41,395 | +14.2% |
| Land and buildings | 22 | €251,679 | €244,772 | -€6,907 | -2.7% |
| Plant, machinery and equipment | 23 | €10,031 | €8,990 | -€1,041 | -10.4% |
| Furniture and vehicles | 24 | €27,204 | €79,547 | +€52,343 | +192% |
| Assets under construction and advance payments | 27 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €28,703 | €23,372 | -€5,331 | -18.6% |
| Amounts receivable within one year | 40/41 | €12,285 | €14,758 | +€2,473 | +20.1% |
| Other amounts receivable | 41 | €12,285 | €14,758 | +€2,473 | +20.1% |
| Cash at bank and in hand | 54/58 | €14,435 | €7,485 | -€6,950 | -48.1% |
| Deferred charges and accrued income | 490/1 | €1,983 | €1,129 | -€854 | -43.1% |
| Total equity and liabilities | 10/49 | €320,617 | €356,680 | +€36,063 | +11.2% |
| Equity | 10/15 | €74,375 | €81,765 | +€7,390 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €9,250 | +€7,390 | +397% |
| 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 | - | €7,390 | +€7,390 | |
| Profit (loss) carried forward | 14 | €53,915 | €53,915 | = | 0.0% |
| Amounts payable | 17/49 | €246,242 | €274,915 | +€28,673 | +11.6% |
| Amounts payable after more than one year | 17 | €190,903 | €203,341 | +€12,437 | +6.5% |
| Financial debts | 170/4 | €190,903 | €203,341 | +€12,437 | +6.5% |
| Amounts payable within one year | 42/48 | €55,339 | €71,575 | +€16,236 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €22,004 | €41,563 | +€19,559 | +88.9% |
| Trade debts | 44 | €8,215 | €9,516 | +€1,301 | +15.8% |
| Suppliers | 440/4 | €8,215 | €9,516 | +€1,301 | +15.8% |
| Taxes, remuneration and social security | 45 | €11,073 | €16,765 | +€5,692 | +51.4% |
| Taxes | 450/3 | €11,073 | €16,765 | +€5,692 | +51.4% |
| Other amounts payable | 47/48 | €14,047 | €3,731 | -€10,316 | -73.4% |
| Remuneration, social security and pensions | 62 | €4,413 | - | -€4,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,545 | €33,217 | +€16,672 | +101% |
| Other operating charges | 640/8 | €4,574 | €5,110 | +€536 | +11.7% |
| Gross operating margin | 9900 | €57,687 | €55,877 | -€1,810 | -3.1% |
| Operating profit (loss) | 9901 | €32,155 | €17,550 | -€14,605 | -45.4% |
| Financial income | 75/76B | €31 | €243 | +€212 | +696% |
| Recurring financial income | 75 | €31 | €243 | +€212 | +696% |
| Financial charges | 65/66B | €3,923 | €3,626 | -€297 | -7.6% |
| Recurring financial charges | 65 | €3,923 | €3,626 | -€297 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €28,262 | €14,167 | -€14,095 | -49.9% |
| Income taxes | 67/77 | €8,844 | €6,777 | -€2,067 | -23.4% |
| Profit (loss) for the period | 9904 | €19,418 | €7,390 | -€12,028 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,418 | €7,390 | -€12,028 | -61.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.