BALLAER: 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.
BALLAER
Largest movements
- Cash +€16,446
up €16,446 (+18.4%), from €89,408 to €105,854
mainly Depreciation (+€28,578) and Net result for the year (+€16,695)
- Tangible fixed assets -€8,578
down €8,578 (-2.6%), from €326,431 to €317,853
of which Plant, machinery and equipment: -€14,686
- Profit (loss) carried forward +€16,695
up €16,695 (+4.7%), from €356,886 to €373,581
- Tax, wage and social debts -€8,911
down €8,911 (-100.0%), from €8,911 to €0
- Gross operating margin -€30,622
down €30,622 (-32.4%), from €94,441 to €63,819
- Taxes -€6,761
down €6,761 (-45.3%), from €14,911 to €8,150
- Depreciation -€3,005
down €3,005 (-9.5%), from €31,583 to €28,578
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 | €431,132 | €439,788 | +€8,656 | +2.0% |
| Fixed assets | 21/28 | €326,431 | €317,853 | -€8,578 | -2.6% |
| Tangible fixed assets | 22/27 | €326,431 | €317,853 | -€8,578 | -2.6% |
| Land and buildings | 22 | €114,704 | €100,811 | -€13,892 | -12.1% |
| Plant, machinery and equipment | 23 | €51,727 | €37,042 | -€14,686 | -28.4% |
| Other tangible fixed assets | 26 | €160,000 | €180,000 | +€20,000 | +12.5% |
| Current assets | 29/58 | €104,702 | €121,935 | +€17,234 | +16.5% |
| Amounts receivable within one year | 40/41 | €10,606 | €10,895 | +€289 | +2.7% |
| Trade receivables | 40 | €215 | €0 | -€215 | -100.0% |
| Other amounts receivable | 41 | €10,392 | €10,895 | +€504 | +4.8% |
| Cash at bank and in hand | 54/58 | €89,408 | €105,854 | +€16,446 | +18.4% |
| Deferred charges and accrued income | 490/1 | €4,687 | €5,186 | +€499 | +10.6% |
| Total equity and liabilities | 10/49 | €431,132 | €439,788 | +€8,656 | +2.0% |
| Equity | 10/15 | €414,916 | €431,611 | +€16,695 | +4.0% |
| Contributions | 10/11 | €54,537 | €54,537 | = | 0.0% |
| Reserves | 13 | €3,493 | €3,493 | = | 0.0% |
| Distributable reserves | 133 | €3,493 | €3,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | €356,886 | €373,581 | +€16,695 | +4.7% |
| Amounts payable | 17/49 | €16,216 | €8,178 | -€8,039 | -49.6% |
| Amounts payable within one year | 42/48 | €16,216 | €8,178 | -€8,039 | -49.6% |
| Trade debts | 44 | €0 | €873 | +€873 | |
| Suppliers | 440/4 | €0 | €873 | +€873 | |
| Taxes, remuneration and social security | 45 | €8,911 | €0 | -€8,911 | -100.0% |
| Taxes | 450/3 | €8,911 | €0 | -€8,911 | -100.0% |
| Other amounts payable | 47/48 | €7,305 | €7,305 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,583 | €28,578 | -€3,005 | -9.5% |
| Other operating charges | 640/8 | €10,031 | €10,304 | +€273 | +2.7% |
| Gross operating margin | 9900 | €94,441 | €63,819 | -€30,622 | -32.4% |
| Operating profit (loss) | 9901 | €52,827 | €24,937 | -€27,890 | -52.8% |
| Financial income | 75/76B | €45 | €152 | +€107 | +240.4% |
| Recurring financial income | 75 | €45 | €152 | +€107 | +240.4% |
| Financial charges | 65/66B | €227 | €244 | +€17 | +7.3% |
| Recurring financial charges | 65 | €227 | €244 | +€17 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €52,644 | €24,845 | -€27,800 | -52.8% |
| Income taxes | 67/77 | €14,911 | €8,150 | -€6,761 | -45.3% |
| Profit (loss) for the period | 9904 | €37,733 | €16,695 | -€21,038 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,733 | €16,695 | -€21,038 | -55.8% |
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 6 October 2026 via checked.be.