BALMACARA: 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.
BALMACARA
Largest movements
- Cash -€37,997
down €37,997 (-58.5%), from €64,971 to €26,974
mainly Contributions, distributions and other (-€77,647) and Receivables within one year (-€15,738)
- Receivables within one year +€15,738
up €15,738 (+19.6%), from €80,368 to €96,106
of which Trade receivables: +€8,169
- Profit (loss) carried forward -€46,471
down €46,471 (-39.1%), from €118,842 to €72,372
- Other debts +€16,125
new in 2025: €16,125
- Tax, wage and social debts +€7,233
up €7,233 (+64.7%), from €11,175 to €18,408
of which Taxes: +€7,878
- Gross operating margin +€7,620
up €7,620 (+24.1%), from €31,575 to €39,195
- Taxes +€1,430
up €1,430 (+19.1%), from €7,474 to €8,904
- Other operating charges +€642
up €642 (+63.5%), from €1,011 to €1,652
- Depreciation -€637
down €637 (-40.3%), from €1,581 to €944
- Financial income -€468
down €468 (-11.0%), from €4,256 to €3,788
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 | €150,732 | €127,504 | -€23,228 | -15.4% |
| Fixed assets | 21/28 | €2,508 | €1,564 | -€944 | -37.6% |
| Tangible fixed assets | 22/27 | €2,508 | €1,564 | -€944 | -37.6% |
| Furniture and vehicles | 24 | €2,508 | €1,564 | -€944 | -37.6% |
| Current assets | 29/58 | €148,224 | €125,940 | -€22,284 | -15.0% |
| Amounts receivable within one year | 40/41 | €80,368 | €96,106 | +€15,738 | +19.6% |
| Trade receivables | 40 | €12,971 | €21,140 | +€8,169 | +63.0% |
| Other amounts receivable | 41 | €67,397 | €74,966 | +€7,569 | +11.2% |
| Current investments | 50/53 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,971 | €26,974 | -€37,997 | -58.5% |
| Deferred charges and accrued income | 490/1 | €884 | €860 | -€24 | -2.8% |
| Total equity and liabilities | 10/49 | €150,732 | €127,504 | -€23,228 | -15.4% |
| Equity | 10/15 | €139,302 | €92,832 | -€46,471 | -33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,842 | €72,372 | -€46,471 | -39.1% |
| Amounts payable | 17/49 | €11,430 | €34,672 | +€23,243 | +203% |
| Amounts payable within one year | 42/48 | €11,430 | €34,672 | +€23,243 | +203% |
| Trade debts | 44 | €254 | €139 | -€115 | -45.3% |
| Suppliers | 440/4 | €254 | €139 | -€115 | -45.3% |
| Taxes, remuneration and social security | 45 | €11,175 | €18,408 | +€7,233 | +64.7% |
| Taxes | 450/3 | €7,582 | €15,460 | +€7,878 | +104% |
| Remuneration and social security | 454/9 | €3,593 | €2,948 | -€646 | -18.0% |
| Other amounts payable | 47/48 | - | €16,125 | +€16,125 | |
| Remuneration, social security and pensions | 62 | €407 | €108 | -€299 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,581 | €944 | -€637 | -40.3% |
| Other operating charges | 640/8 | €1,011 | €1,652 | +€642 | +63.5% |
| Gross operating margin | 9900 | €31,575 | €39,195 | +€7,620 | +24.1% |
| Operating profit (loss) | 9901 | €28,577 | €36,491 | +€7,914 | +27.7% |
| Financial income | 75/76B | €4,256 | €3,788 | -€468 | -11.0% |
| Recurring financial income | 75 | €4,256 | €3,788 | -€468 | -11.0% |
| Financial charges | 65/66B | €120 | €198 | +€78 | +65.2% |
| Recurring financial charges | 65 | €120 | €198 | +€78 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | €32,713 | €40,081 | +€7,367 | +22.5% |
| Income taxes | 67/77 | €7,474 | €8,904 | +€1,430 | +19.1% |
| Profit (loss) for the period | 9904 | €25,240 | €31,177 | +€5,937 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,240 | €31,177 | +€5,937 | +23.5% |
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 18 October 2026 via checked.be.