BALMA: 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.
BALMA
Largest movements
- Cash -€27,419
down €27,419 (-30.2%), from €90,710 to €63,291
mainly Tax, wage and social debts (-€29,464) and Net result for the year (-€7,836)
- Tangible fixed assets -€13,711
down €13,711 (-2.8%), from €495,915 to €482,204
of which Land and buildings: -€12,488
- Tax, wage and social debts -€29,464
down €29,464 (-98.8%), from €29,834 to €370
- Profit (loss) carried forward -€7,836
down €7,836 (-4.4%), from €176,207 to €168,371
- Gross operating margin -€13,466
down €13,466 (-48.8%), from €27,606 to €14,141
- Other operating charges -€1,295
down €1,295 (-28.7%), from €4,515 to €3,220
- Depreciation +€1,188
up €1,188 (+6.9%), from €17,242 to €18,431
- Financial income -€1,142
down €1,142 (-83.1%), from €1,374 to €232
- Taxes -€430
down €430, from €400 to -€30
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 | €591,510 | €553,145 | -€38,365 | -6.5% |
| Fixed assets | 21/28 | €495,915 | €482,204 | -€13,711 | -2.8% |
| Tangible fixed assets | 22/27 | €495,915 | €482,204 | -€13,711 | -2.8% |
| Land and buildings | 22 | €491,021 | €478,533 | -€12,488 | -2.5% |
| Other tangible fixed assets | 26 | €4,894 | €3,671 | -€1,224 | -25.0% |
| Current assets | 29/58 | €95,595 | €70,941 | -€24,654 | -25.8% |
| Amounts receivable within one year | 40/41 | €3,411 | €7,418 | +€4,007 | +117.5% |
| Other amounts receivable | 41 | €3,411 | €7,418 | +€4,007 | +117.5% |
| Cash at bank and in hand | 54/58 | €90,710 | €63,291 | -€27,419 | -30.2% |
| Deferred charges and accrued income | 490/1 | €1,473 | €232 | -€1,242 | -84.3% |
| Total equity and liabilities | 10/49 | €591,510 | €553,145 | -€38,365 | -6.5% |
| Equity | 10/15 | €557,629 | €549,793 | -€7,836 | -1.4% |
| Contributions | 10/11 | €96,413 | €96,413 | = | 0.0% |
| Reserves | 13 | €285,009 | €285,009 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,641 | €0 | -€3,641 | -100.0% |
| Reserves not available under the articles | 1311 | €3,641 | €0 | -€3,641 | -100.0% |
| Tax-exempt reserves | 132 | €418 | €418 | = | 0.0% |
| Distributable reserves | 133 | €280,949 | €284,591 | +€3,641 | +1.3% |
| Profit (loss) carried forward | 14 | €176,207 | €168,371 | -€7,836 | -4.4% |
| Amounts payable | 17/49 | €33,881 | €3,352 | -€30,529 | -90.1% |
| Amounts payable within one year | 42/48 | €33,881 | €3,352 | -€30,529 | -90.1% |
| Trade debts | 44 | €1,647 | €582 | -€1,065 | -64.7% |
| Suppliers | 440/4 | €1,647 | €582 | -€1,065 | -64.7% |
| Taxes, remuneration and social security | 45 | €29,834 | €370 | -€29,464 | -98.8% |
| Taxes | 450/3 | €29,834 | €370 | -€29,464 | -98.8% |
| Other amounts payable | 47/48 | €2,400 | €2,400 | = | 0.0% |
| Non-recurring operating income | 76A | €18,182 | €0 | -€18,182 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,242 | €18,431 | +€1,188 | +6.9% |
| Other operating charges | 640/8 | €4,515 | €3,220 | -€1,295 | -28.7% |
| Gross operating margin | 9900 | €27,606 | €14,141 | -€13,466 | -48.8% |
| Operating profit (loss) | 9901 | €5,849 | -€7,509 | -€13,358 | |
| Financial income | 75/76B | €1,374 | €232 | -€1,142 | -83.1% |
| Recurring financial income | 75 | €1,374 | €232 | -€1,142 | -83.1% |
| Financial charges | 65/66B | €388 | €589 | +€200 | +51.7% |
| Recurring financial charges | 65 | €388 | €589 | +€200 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €6,835 | -€7,866 | -€14,701 | |
| Income taxes | 67/77 | €400 | -€30 | -€430 | |
| Profit (loss) for the period | 9904 | €6,435 | -€7,836 | -€14,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,435 | -€7,836 | -€14,271 |
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 30 September 2026 via checked.be.