BALLARO: 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.
BALLARO
Largest movements
- Tangible fixed assets +€5,385
up €5,385 (+28.3%), from €19,030 to €24,415
of which Other tangible fixed assets: +€3,156
- Intangible fixed assets -€1,653
down €1,653 (-33.3%), from €4,959 to €3,306
- Deferred charges and accrued income -€1,377
down €1,377 (-82.3%), from €1,674 to €297
- Profit (loss) carried forward +€12,101
up €12,101 (+56.7%), from -€21,350 to -€9,249
- Other debts -€8,813
down €8,813 (-43.8%), from €20,118 to €11,305
- Trade debts +€7,822
up €7,822 (+202%), from €3,865 to €11,687
- Accrued charges and deferred income -€7,373
no longer reported in 2025 (was €7,373)
- Tax, wage and social debts -€1,307
down €1,307 (-9.3%), from €14,073 to €12,766
of which Remuneration and social security: -€3,252
- Gross operating margin +€21,228
up €21,228 (+169%), from €12,528 to €33,756
- Staff costs +€4,839
up €4,839 (+199%), from €2,427 to €7,266
- Taxes +€4,199
up €4,199 (+862%), from €487 to €4,686
- Financial charges -€2,480
down €2,480 (-42.0%), from €5,898 to €3,418
- Depreciation +€1,130
up €1,130 (+22.9%), from €4,942 to €6,072
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.
Derived cash bridge
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 | €31,221 | €33,509 | +€2,288 | +7.3% |
| Fixed assets | 21/28 | €24,284 | €28,016 | +€3,732 | +15.4% |
| Intangible fixed assets | 21 | €4,959 | €3,306 | -€1,653 | -33.3% |
| Tangible fixed assets | 22/27 | €19,030 | €24,415 | +€5,385 | +28.3% |
| Plant, machinery and equipment | 23 | €2,594 | €4,250 | +€1,656 | +63.8% |
| Furniture and vehicles | 24 | €3,967 | €4,540 | +€573 | +14.4% |
| Other tangible fixed assets | 26 | €12,469 | €15,625 | +€3,156 | +25.3% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €6,937 | €5,493 | -€1,444 | -20.8% |
| Stocks and contracts in progress | 3 | €1,451 | €1,575 | +€124 | +8.5% |
| Stocks | 30/36 | €1,451 | €1,575 | +€124 | +8.5% |
| Cash at bank and in hand | 54/58 | €3,812 | €3,621 | -€191 | -5.0% |
| Deferred charges and accrued income | 490/1 | €1,674 | €297 | -€1,377 | -82.3% |
| Total equity and liabilities | 10/49 | €31,221 | €33,509 | +€2,288 | +7.3% |
| Equity | 10/15 | -€14,350 | -€2,249 | +€12,101 | +84.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,350 | -€9,249 | +€12,101 | +56.7% |
| Amounts payable | 17/49 | €45,571 | €35,758 | -€9,813 | -21.5% |
| Amounts payable within one year | 42/48 | €38,198 | €35,758 | -€2,440 | -6.4% |
| Trade debts | 44 | €3,865 | €11,687 | +€7,822 | +202% |
| Suppliers | 440/4 | €3,865 | €11,687 | +€7,822 | +202% |
| Advances received on contracts in progress | 46 | €142 | - | -€142 | |
| Taxes, remuneration and social security | 45 | €14,073 | €12,766 | -€1,307 | -9.3% |
| Taxes | 450/3 | €3,705 | €5,650 | +€1,945 | +52.5% |
| Remuneration and social security | 454/9 | €10,368 | €7,116 | -€3,252 | -31.4% |
| Other amounts payable | 47/48 | €20,118 | €11,305 | -€8,813 | -43.8% |
| Accrued charges and deferred income | 492/3 | €7,373 | - | -€7,373 | |
| Remuneration, social security and pensions | 62 | €2,427 | €7,266 | +€4,839 | +199% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,942 | €6,072 | +€1,130 | +22.9% |
| Other operating charges | 640/8 | €635 | €218 | -€417 | -65.7% |
| Gross operating margin | 9900 | €12,528 | €33,756 | +€21,228 | +169% |
| Operating profit (loss) | 9901 | €4,524 | €20,200 | +€15,676 | +347% |
| Financial income | 75/76B | €5 | €5 | = | 0.0% |
| Recurring financial income | 75 | €5 | €5 | = | 0.0% |
| Financial charges | 65/66B | €5,898 | €3,418 | -€2,480 | -42.0% |
| Recurring financial charges | 65 | €5,898 | €3,418 | -€2,480 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,369 | €16,787 | +€18,156 | |
| Income taxes | 67/77 | €487 | €4,686 | +€4,199 | +862% |
| Profit (loss) for the period | 9904 | -€1,856 | €12,101 | +€13,957 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,856 | €12,101 | +€13,957 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.