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
- Cash +€22,390
up €22,390 (+45.2%), from €49,521 to €71,911
mainly Net result for the year (+€22,287) and Depreciation (+€21,418)
- Tangible fixed assets -€19,269
down €19,269 (-23.9%), from €80,566 to €61,297
of which Furniture and vehicles: -€12,419
- Receivables within one year -€6,096
down €6,096 (-22.7%), from €26,853 to €20,757
of which Other amounts receivable: -€4,225
- Stocks and contracts +€5,650
up €5,650 (+17.8%), from €31,794 to €37,444
- Deferred charges and accrued income +€2,446
up €2,446 (+114%), from €2,142 to €4,588
- Reserves +€22,287
up €22,287 (+49.1%), from €45,413 to €67,700
- Debts after one year -€17,969
down €17,969 (-37.8%), from €47,593 to €29,624
- Trade debts -€3,612
down €3,612 (-9.1%), from €39,582 to €35,970
- Gross operating margin +€8,759
up €8,759 (+18.7%), from €46,925 to €55,684
- Depreciation +€5,449
up €5,449 (+34.1%), from €15,969 to €21,418
- Taxes +€1,832
up €1,832 (+44.0%), from €4,168 to €6,000
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 | €193,370 | €197,490 | +€4,121 | +2.1% |
| Fixed assets | 21/28 | €83,060 | €62,791 | -€20,269 | -24.4% |
| Intangible fixed assets | 21 | €2,493 | €1,493 | -€1,000 | -40.1% |
| Tangible fixed assets | 22/27 | €80,566 | €61,297 | -€19,269 | -23.9% |
| Plant, machinery and equipment | 23 | €30,322 | €23,204 | -€7,118 | -23.5% |
| Furniture and vehicles | 24 | €46,454 | €34,035 | -€12,419 | -26.7% |
| Other tangible fixed assets | 26 | €3,791 | €4,059 | +€267 | +7.1% |
| Current assets | 29/58 | €110,310 | €134,700 | +€24,390 | +22.1% |
| Stocks and contracts in progress | 3 | €31,794 | €37,444 | +€5,650 | +17.8% |
| Stocks | 30/36 | €31,794 | €37,444 | +€5,650 | +17.8% |
| Amounts receivable within one year | 40/41 | €26,853 | €20,757 | -€6,096 | -22.7% |
| Trade receivables | 40 | €18,191 | €16,320 | -€1,871 | -10.3% |
| Other amounts receivable | 41 | €8,662 | €4,437 | -€4,225 | -48.8% |
| Cash at bank and in hand | 54/58 | €49,521 | €71,911 | +€22,390 | +45.2% |
| Deferred charges and accrued income | 490/1 | €2,142 | €4,588 | +€2,446 | +114% |
| Total equity and liabilities | 10/49 | €193,370 | €197,490 | +€4,121 | +2.1% |
| Equity | 10/15 | €85,413 | €107,700 | +€22,287 | +26.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €45,413 | €67,700 | +€22,287 | +49.1% |
| Distributable reserves | 133 | €45,413 | €67,700 | +€22,287 | +49.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,957 | €89,790 | -€18,166 | -16.8% |
| Amounts payable after more than one year | 17 | €47,593 | €29,624 | -€17,969 | -37.8% |
| Financial debts | 170/4 | €47,593 | €29,624 | -€17,969 | -37.8% |
| Amounts payable within one year | 42/48 | €60,126 | €60,166 | +€41 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €17,175 | €17,969 | +€794 | +4.6% |
| Trade debts | 44 | €39,582 | €35,970 | -€3,612 | -9.1% |
| Suppliers | 440/4 | €39,582 | €35,970 | -€3,612 | -9.1% |
| Taxes, remuneration and social security | 45 | €99 | €1,903 | +€1,804 | +1,819% |
| Taxes | 450/3 | €99 | €1,903 | +€1,804 | +1,819% |
| Other amounts payable | 47/48 | €3,270 | €4,324 | +€1,054 | +32.2% |
| Accrued charges and deferred income | 492/3 | €238 | €0 | -€238 | -100% |
| Remuneration, social security and pensions | 62 | - | €71 | +€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,969 | €21,418 | +€5,449 | +34.1% |
| Other operating charges | 640/8 | €1,202 | €1,206 | +€5 | +0.4% |
| Gross operating margin | 9900 | €46,925 | €55,684 | +€8,759 | +18.7% |
| Operating profit (loss) | 9901 | €29,755 | €32,988 | +€3,234 | +10.9% |
| Financial income | 75/76B | €9 | €41 | +€33 | +373% |
| Recurring financial income | 75 | €9 | €41 | +€33 | +373% |
| Financial charges | 65/66B | €4,426 | €4,742 | +€317 | +7.2% |
| Recurring financial charges | 65 | €4,426 | €4,742 | +€317 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €25,337 | €28,287 | +€2,950 | +11.6% |
| Income taxes | 67/77 | €4,168 | €6,000 | +€1,832 | +44.0% |
| Profit (loss) for the period | 9904 | €21,169 | €22,287 | +€1,118 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,169 | €22,287 | +€1,118 | +5.3% |
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 15 October 2026 via checked.be.