BALKIMMO: 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.
BALKIMMO
Largest movements
- Stocks and contracts +€546,764
up €546,764 (+51.0%), from €1.1m to €1.6m
- Tangible fixed assets -€239,450
down €239,450 (-32.1%), from €745,761 to €506,310
of which Assets under construction and advance payments: -€228,039
- Current portion of long-term debt +€290,000
up €290,000 (+33.7%), from €860,000 to €1.2m
- Profit (loss) carried forward -€56,853
down €56,853 (-31.1%), from €182,935 to €126,081
- Trade debts +€51,039
up €51,039 (+123.1%), from €41,460 to €92,499
- Short-term financial debts +€40,000
up €40,000 (+14.3%), from €280,000 to €320,000
- Gross operating margin -€28,622
down €28,622 (-86.9%), from €32,929 to €4,307
- Financial charges -€8,680
down €8,680 (-16.8%), from €51,692 to €43,012
- Depreciation +€895
up €895 (+8.5%), from €10,516 to €11,411
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 | €1,831,835 | €2,141,240 | +€309,406 | +16.9% |
| Fixed assets | 21/28 | €745,761 | €506,310 | -€239,450 | -32.1% |
| Tangible fixed assets | 22/27 | €745,761 | €506,310 | -€239,450 | -32.1% |
| Land and buildings | 22 | €305,422 | €294,010 | -€11,411 | -3.7% |
| Assets under construction and advance payments | 27 | €440,339 | €212,300 | -€228,039 | -51.8% |
| Current assets | 29/58 | €1,086,074 | €1,634,930 | +€548,856 | +50.5% |
| Stocks and contracts in progress | 3 | €1,071,558 | €1,618,323 | +€546,764 | +51.0% |
| Stocks | 30/36 | €1,071,558 | €1,618,323 | +€546,764 | +51.0% |
| Cash at bank and in hand | 54/58 | €13,211 | €15,259 | +€2,048 | +15.5% |
| Deferred charges and accrued income | 490/1 | €1,305 | €1,348 | +€44 | +3.3% |
| Total equity and liabilities | 10/49 | €1,831,835 | €2,141,240 | +€309,406 | +16.9% |
| Equity | 10/15 | €621,835 | €564,981 | -€56,853 | -9.1% |
| Contributions | 10/11 | €399,000 | €399,000 | = | 0.0% |
| Outside capital | 11 | €399,000 | €399,000 | = | 0.0% |
| Other | 1109/19 | €399,000 | €399,000 | = | 0.0% |
| Reserves | 13 | €39,900 | €39,900 | = | 0.0% |
| Distributable reserves | 133 | €39,900 | €39,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,935 | €126,081 | -€56,853 | -31.1% |
| Amounts payable | 17/49 | €1,210,000 | €1,576,259 | +€366,259 | +30.3% |
| Amounts payable within one year | 42/48 | €1,193,850 | €1,570,286 | +€376,436 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €860,000 | €1,150,000 | +€290,000 | +33.7% |
| Financial debts | 43 | €280,000 | €320,000 | +€40,000 | +14.3% |
| Credit institutions | 430/8 | €280,000 | €320,000 | +€40,000 | +14.3% |
| Trade debts | 44 | €41,460 | €92,499 | +€51,039 | +123.1% |
| Suppliers | 440/4 | €41,460 | €92,499 | +€51,039 | +123.1% |
| Taxes, remuneration and social security | 45 | €10,038 | €5,436 | -€4,602 | -45.8% |
| Taxes | 450/3 | €10,038 | €5,436 | -€4,602 | -45.8% |
| Other amounts payable | 47/48 | €2,352 | €2,352 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16,150 | €5,973 | -€10,178 | -63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,516 | €11,411 | +€895 | +8.5% |
| Other operating charges | 640/8 | €6,655 | €6,738 | +€83 | +1.2% |
| Gross operating margin | 9900 | €32,929 | €4,307 | -€28,622 | -86.9% |
| Operating profit (loss) | 9901 | €15,758 | -€13,842 | -€29,600 | |
| Financial income | 75/76B | €129 | - | -€129 | |
| Recurring financial income | 75 | €129 | - | -€129 | |
| Financial charges | 65/66B | €51,692 | €43,012 | -€8,680 | -16.8% |
| Recurring financial charges | 65 | €51,692 | €43,012 | -€8,680 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,805 | -€56,853 | -€21,048 | -58.8% |
| Profit (loss) for the period | 9904 | -€35,805 | -€56,853 | -€21,048 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,805 | -€56,853 | -€21,048 | -58.8% |
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 3 October 2026 via checked.be.