BALLIEU: 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.
BALLIEU
Largest movements
- Receivables within one year +€20,330
up €20,330 (+45.7%), from €44,491 to €64,820
of which Trade receivables: +€10,925
- Cash +€12,074
up €12,074 (+154.1%), from €7,835 to €19,909
mainly Net result for the year (+€37,157) and Trade debts (+€24,873)
- Tangible fixed assets +€2,916
up €2,916 (+12.3%), from €23,733 to €26,649
of which Furniture and vehicles: +€2,028
- Intangible fixed assets -€1,642
down €1,642 (-37.5%), from €4,381 to €2,739
- Trade debts +€24,873
up €24,873 (+697.3%), from €3,567 to €28,441
- Tax, wage and social debts +€12,500
new in 2025: €12,500
- Current portion of long-term debt -€8,204
down €8,204 (-84.1%), from €9,752 to €1,548
- Profit (loss) carried forward +€7,157
up €7,157 (+12.2%), from €58,814 to €65,971
- Other debts -€6,505
down €6,505 (-46.7%), from €13,924 to €7,419
- Gross operating margin +€66,712
up €66,712, from -€8,352 to €58,359
- Taxes +€8,032
up €8,032, from -€32 to €8,000
- Depreciation -€6,233
down €6,233 (-34.0%), from €18,330 to €12,097
- Financial charges -€2,051
down €2,051 (-91.1%), from €2,251 to €199
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 | €95,605 | €129,509 | +€33,904 | +35.5% |
| Fixed assets | 21/28 | €28,114 | €29,388 | +€1,274 | +4.5% |
| Intangible fixed assets | 21 | €4,381 | €2,739 | -€1,642 | -37.5% |
| Tangible fixed assets | 22/27 | €23,733 | €26,649 | +€2,916 | +12.3% |
| Plant, machinery and equipment | 23 | €414 | €834 | +€419 | +101.2% |
| Furniture and vehicles | 24 | €23,318 | €25,347 | +€2,028 | +8.7% |
| Other tangible fixed assets | 26 | - | €469 | +€469 | |
| Current assets | 29/58 | €67,492 | €100,122 | +€32,630 | +48.3% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,491 | €64,820 | +€20,330 | +45.7% |
| Trade receivables | 40 | €42,496 | €53,420 | +€10,925 | +25.7% |
| Other amounts receivable | 41 | €1,995 | €11,400 | +€9,405 | +471.5% |
| Cash at bank and in hand | 54/58 | €7,835 | €19,909 | +€12,074 | +154.1% |
| Deferred charges and accrued income | 490/1 | €166 | €392 | +€226 | +135.8% |
| Total equity and liabilities | 10/49 | €95,605 | €129,509 | +€33,904 | +35.5% |
| Equity | 10/15 | €66,814 | €73,971 | +€7,157 | +10.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,814 | €65,971 | +€7,157 | +12.2% |
| Amounts payable | 17/49 | €28,791 | €55,539 | +€26,747 | +92.9% |
| Amounts payable after more than one year | 17 | €1,548 | - | -€1,548 | |
| Financial debts | 170/4 | €1,548 | - | -€1,548 | |
| Amounts payable within one year | 42/48 | €27,243 | €49,907 | +€22,664 | +83.2% |
| Current portion of amounts payable after more than one year | 42 | €9,752 | €1,548 | -€8,204 | -84.1% |
| Trade debts | 44 | €3,567 | €28,441 | +€24,873 | +697.3% |
| Suppliers | 440/4 | €3,567 | €28,441 | +€24,873 | +697.3% |
| Taxes, remuneration and social security | 45 | - | €12,500 | +€12,500 | |
| Taxes | 450/3 | - | €12,500 | +€12,500 | |
| Other amounts payable | 47/48 | €13,924 | €7,419 | -€6,505 | -46.7% |
| Accrued charges and deferred income | 492/3 | - | €5,631 | +€5,631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,330 | €12,097 | -€6,233 | -34.0% |
| Other operating charges | 640/8 | €1,170 | €1,543 | +€373 | +31.9% |
| Gross operating margin | 9900 | -€8,352 | €58,359 | +€66,712 | |
| Operating profit (loss) | 9901 | -€27,852 | €44,719 | +€72,571 | |
| Financial income | 75/76B | €118 | €637 | +€519 | +438.4% |
| Recurring financial income | 75 | €118 | €637 | +€519 | +438.4% |
| Financial charges | 65/66B | €2,251 | €199 | -€2,051 | -91.1% |
| Recurring financial charges | 65 | €2,251 | €199 | -€2,051 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,985 | €45,157 | +€75,141 | |
| Income taxes | 67/77 | -€32 | €8,000 | +€8,032 | |
| Profit (loss) for the period | 9904 | -€29,953 | €37,157 | +€67,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,953 | €37,157 | +€67,110 |
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 10 October 2026 via checked.be.