BALMECO: 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.
BALMECO
Largest movements
- Stocks and contracts -€130,304
down €130,304 (-28.9%), from €450,119 to €319,816
- Intangible fixed assets +€45,000
new in 2024: €45,000
- Tangible fixed assets +€37,049
up €37,049 (+39.7%), from €93,250 to €130,299
of which Plant, machinery and equipment: +€34,377
- Cash +€17,432
up €17,432 (+25.2%), from €69,086 to €86,519
mainly Stocks and contracts (+€130,304) and Depreciation (+€35,107)
- Trade debts -€28,658
down €28,658 (-4.4%), from €655,575 to €626,917
- Debts after one year -€23,371
down €23,371 (-41.3%), from €56,549 to €33,178
- Profit (loss) carried forward +€16,052
up €16,052 (+21.6%), from €74,397 to €90,449
- Tax, wage and social debts +€14,467
up €14,467 (+144.7%), from €10,000 to €24,467
- Gross operating margin -€11,388
down €11,388 (-11.6%), from €98,337 to €86,949
- Financial charges +€5,180
up €5,180 (+29.9%), from €17,314 to €22,494
- Taxes -€3,527
down €3,527 (-35.3%), from €10,000 to €6,473
- Depreciation -€1,595
down €1,595 (-4.3%), from €36,702 to €35,107
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,206,411 | €1,174,460 | -€31,950 | -2.6% |
| Fixed assets | 21/28 | €94,550 | €176,599 | +€82,049 | +86.8% |
| Intangible fixed assets | 21 | - | €45,000 | +€45,000 | |
| Tangible fixed assets | 22/27 | €93,250 | €130,299 | +€37,049 | +39.7% |
| Plant, machinery and equipment | 23 | €35,894 | €70,271 | +€34,377 | +95.8% |
| Furniture and vehicles | 24 | €57,356 | €60,028 | +€2,672 | +4.7% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €1,111,861 | €997,862 | -€114,000 | -10.3% |
| Stocks and contracts in progress | 3 | €450,119 | €319,816 | -€130,304 | -28.9% |
| Stocks | 30/36 | €450,119 | €319,816 | -€130,304 | -28.9% |
| Amounts receivable within one year | 40/41 | €591,112 | €588,278 | -€2,835 | -0.5% |
| Trade receivables | 40 | €575,586 | €573,208 | -€2,378 | -0.4% |
| Other amounts receivable | 41 | €15,527 | €15,069 | -€457 | -2.9% |
| Cash at bank and in hand | 54/58 | €69,086 | €86,519 | +€17,432 | +25.2% |
| Deferred charges and accrued income | 490/1 | €1,543 | €3,249 | +€1,706 | +110.5% |
| Total equity and liabilities | 10/49 | €1,206,411 | €1,174,460 | -€31,950 | -2.6% |
| Equity | 10/15 | €242,334 | €258,386 | +€16,052 | +6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,736 | €161,736 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,234 | €2,234 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,234 | €2,234 | = | 0.0% |
| Distributable reserves | 133 | €159,502 | €159,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,397 | €90,449 | +€16,052 | +21.6% |
| Amounts payable | 17/49 | €964,077 | €916,075 | -€48,003 | -5.0% |
| Amounts payable after more than one year | 17 | €56,549 | €33,178 | -€23,371 | -41.3% |
| Financial debts | 170/4 | €56,549 | €33,178 | -€23,371 | -41.3% |
| Amounts payable within one year | 42/48 | €907,528 | €878,396 | -€29,132 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €227,990 | €223,371 | -€4,620 | -2.0% |
| Trade debts | 44 | €655,575 | €626,917 | -€28,658 | -4.4% |
| Suppliers | 440/4 | €655,575 | €626,917 | -€28,658 | -4.4% |
| Taxes, remuneration and social security | 45 | €10,000 | €24,467 | +€14,467 | +144.7% |
| Taxes | 450/3 | €10,000 | €24,467 | +€14,467 | +144.7% |
| Other amounts payable | 47/48 | €13,963 | €3,642 | -€10,321 | -73.9% |
| Accrued charges and deferred income | 492/3 | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,702 | €35,107 | -€1,595 | -4.3% |
| Other operating charges | 640/8 | €3,413 | €2,700 | -€713 | -20.9% |
| Non-recurring operating charges | 66A | - | €4,567 | +€4,567 | |
| Gross operating margin | 9900 | €98,337 | €86,949 | -€11,388 | -11.6% |
| Operating profit (loss) | 9901 | €58,223 | €44,576 | -€13,647 | -23.4% |
| Financial income | 75/76B | €105 | €443 | +€338 | +321.1% |
| Recurring financial income | 75 | €105 | €443 | +€338 | +321.1% |
| Financial charges | 65/66B | €17,314 | €22,494 | +€5,180 | +29.9% |
| Recurring financial charges | 65 | €17,314 | €22,494 | +€5,180 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €41,014 | €22,525 | -€18,489 | -45.1% |
| Income taxes | 67/77 | €10,000 | €6,473 | -€3,527 | -35.3% |
| Profit (loss) for the period | 9904 | €31,014 | €16,052 | -€14,962 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,014 | €16,052 | -€14,962 | -48.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.