Ballet: 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.
Ballet
Largest movements
- Current investments +€71,200
new in 2025: €71,200
- Cash -€54,457
down €54,457 (-40.9%), from €133,298 to €78,841
mainly Current investments (-€71,200) and Debts after one year (-€18,666)
- Tangible fixed assets -€40,747
down €40,747 (-30.8%), from €132,358 to €91,611
of which Furniture and vehicles: -€38,949
- Debts after one year -€18,666
down €18,666 (-31.9%), from €58,555 to €39,889
- Other debts -€9,565
down €9,565 (-31.5%), from €30,325 to €20,760
- Reserves +€3,887
up €3,887 (+3.6%), from €108,498 to €112,385
of which Distributable reserves: +€3,887
- Trade debts -€3,026
down €3,026 (-61.0%), from €4,964 to €1,938
- Gross operating margin -€31,095
down €31,095 (-37.5%), from €82,903 to €51,808
- Taxes -€10,630
down €10,630 (-83.9%), from €12,667 to €2,037
- Financial charges +€1,175
up €1,175 (+29.9%), from €3,928 to €5,104
- Depreciation +€975
up €975 (+2.5%), from €39,772 to €40,747
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 | €286,245 | €260,659 | -€25,586 | -8.9% |
| Fixed assets | 21/28 | €132,628 | €91,881 | -€40,747 | -30.7% |
| Tangible fixed assets | 22/27 | €132,358 | €91,611 | -€40,747 | -30.8% |
| Plant, machinery and equipment | 23 | €2,361 | €563 | -€1,798 | -76.2% |
| Furniture and vehicles | 24 | €129,998 | €91,049 | -€38,949 | -30.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €153,617 | €168,778 | +€15,161 | +9.9% |
| Amounts receivable within one year | 40/41 | €20,319 | €18,736 | -€1,582 | -7.8% |
| Trade receivables | 40 | €15,007 | €15,524 | +€517 | +3.4% |
| Other amounts receivable | 41 | €5,312 | €3,212 | -€2,100 | -39.5% |
| Current investments | 50/53 | - | €71,200 | +€71,200 | |
| Cash at bank and in hand | 54/58 | €133,298 | €78,841 | -€54,457 | -40.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €286,245 | €260,659 | -€25,586 | -8.9% |
| Equity | 10/15 | €170,471 | €174,358 | +€3,887 | +2.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €108,498 | €112,385 | +€3,887 | +3.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €102,300 | €106,188 | +€3,887 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €115,774 | €86,301 | -€29,473 | -25.5% |
| Amounts payable after more than one year | 17 | €58,555 | €39,889 | -€18,666 | -31.9% |
| Financial debts | 170/4 | €58,555 | €39,889 | -€18,666 | -31.9% |
| Amounts payable within one year | 42/48 | €57,219 | €46,412 | -€10,807 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €17,862 | €18,666 | +€804 | +4.5% |
| Trade debts | 44 | €4,964 | €1,938 | -€3,026 | -61.0% |
| Suppliers | 440/4 | €4,964 | €1,938 | -€3,026 | -61.0% |
| Taxes, remuneration and social security | 45 | €4,067 | €5,047 | +€980 | +24.1% |
| Taxes | 450/3 | €4,067 | €5,047 | +€980 | +24.1% |
| Other amounts payable | 47/48 | €30,325 | €20,760 | -€9,565 | -31.5% |
| Non-recurring operating income | 76A | €18,500 | €0 | -€18,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,772 | €40,747 | +€975 | +2.5% |
| Other operating charges | 640/8 | €451 | €589 | +€138 | +30.7% |
| Gross operating margin | 9900 | €82,903 | €51,808 | -€31,095 | -37.5% |
| Operating profit (loss) | 9901 | €42,680 | €10,471 | -€32,209 | -75.5% |
| Financial income | 75/76B | €478 | €557 | +€79 | +16.6% |
| Recurring financial income | 75 | €478 | €557 | +€79 | +16.6% |
| Financial charges | 65/66B | €3,928 | €5,104 | +€1,175 | +29.9% |
| Recurring financial charges | 65 | €3,928 | €5,104 | +€1,175 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €39,229 | €5,925 | -€33,305 | -84.9% |
| Income taxes | 67/77 | €12,667 | €2,037 | -€10,630 | -83.9% |
| Profit (loss) for the period | 9904 | €26,562 | €3,887 | -€22,675 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,562 | €3,887 | -€22,675 | -85.4% |
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 12 October 2026 via checked.be.