BALMERCO: 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.
BALMERCO
Largest movements
- Cash +€21,783
up €21,783 (+53.7%), from €40,567 to €62,350
mainly Trade debts (+€9,702) and Receivables within one year (+€7,626)
- Receivables within one year -€7,626
down €7,626 (-70.7%), from €10,788 to €3,162
of which Trade receivables: -€6,437
- Trade debts +€9,702
new in 2024: €9,702
- Reserves +€5,464
up €5,464 (+441%), from €1,239 to €6,703
- Tax, wage and social debts -€1,685
down €1,685 (-12.9%), from €13,057 to €11,372
of which Taxes: -€2,029
- Other debts +€1,459
new in 2024: €1,459
- Short-term financial debts -€977
down €977 (-100%), from €977 to €0
of which Other loans: -€977
- Gross operating margin +€21,774
up €21,774 (+28.9%), from €75,443 to €97,217
- Staff costs +€14,124
up €14,124 (+21.0%), from €67,165 to €81,288
- Taxes +€4,029
up €4,029 (+194%), from €2,074 to €6,103
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.
Derived cash bridge
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 | €68,565 | €82,667 | +€14,102 | +20.6% |
| Fixed assets | 21/28 | €14,501 | €14,876 | +€375 | +2.6% |
| Tangible fixed assets | 22/27 | €14,501 | €14,876 | +€375 | +2.6% |
| Land and buildings | 22 | €13,952 | €12,692 | -€1,260 | -9.0% |
| Plant, machinery and equipment | 23 | €549 | €2,184 | +€1,635 | +297% |
| Current assets | 29/58 | €54,064 | €67,791 | +€13,728 | +25.4% |
| Stocks and contracts in progress | 3 | €2,270 | €2,279 | +€9 | +0.4% |
| Stocks | 30/36 | €2,270 | €2,279 | +€9 | +0.4% |
| Amounts receivable within one year | 40/41 | €10,788 | €3,162 | -€7,626 | -70.7% |
| Trade receivables | 40 | €6,437 | €0 | -€6,437 | -100% |
| Other amounts receivable | 41 | €4,351 | €3,162 | -€1,189 | -27.3% |
| Cash at bank and in hand | 54/58 | €40,567 | €62,350 | +€21,783 | +53.7% |
| Deferred charges and accrued income | 490/1 | €439 | €0 | -€439 | -100% |
| Total equity and liabilities | 10/49 | €68,565 | €82,667 | +€14,102 | +20.6% |
| Equity | 10/15 | €54,531 | €60,134 | +€5,603 | +10.3% |
| Contributions | 10/11 | €45,860 | €46,000 | +€140 | +0.3% |
| Reserves | 13 | €1,239 | €6,703 | +€5,464 | +441% |
| Distributable reserves | 133 | €1,239 | €6,703 | +€5,464 | +441% |
| Profit (loss) carried forward | 14 | €7,431 | €7,431 | = | 0.0% |
| Amounts payable | 17/49 | €14,034 | €22,533 | +€8,499 | +60.6% |
| Amounts payable within one year | 42/48 | €14,034 | €22,533 | +€8,499 | +60.6% |
| Financial debts | 43 | €977 | €0 | -€977 | -100% |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | €977 | - | -€977 | |
| Trade debts | 44 | - | €9,702 | +€9,702 | |
| Suppliers | 440/4 | - | €9,702 | +€9,702 | |
| Taxes, remuneration and social security | 45 | €13,057 | €11,372 | -€1,685 | -12.9% |
| Taxes | 450/3 | €7,189 | €5,160 | -€2,029 | -28.2% |
| Remuneration and social security | 454/9 | €5,868 | €6,212 | +€344 | +5.9% |
| Other amounts payable | 47/48 | - | €1,459 | +€1,459 | |
| Remuneration, social security and pensions | 62 | €67,165 | €81,288 | +€14,124 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,390 | €1,853 | -€536 | -22.4% |
| Other operating charges | 640/8 | €1,233 | €1,477 | +€244 | +19.8% |
| Gross operating margin | 9900 | €75,443 | €97,217 | +€21,774 | +28.9% |
| Operating profit (loss) | 9901 | €4,656 | €12,599 | +€7,943 | +171% |
| Financial income | 75/76B | €0 | €0 | +€0 | +21.9% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +21.9% |
| Financial charges | 65/66B | €501 | €1,033 | +€532 | +106% |
| Recurring financial charges | 65 | €501 | €1,033 | +€532 | +106% |
| Profit (loss) for the period before taxes | 9903 | €4,155 | €11,566 | +€7,411 | +178% |
| Income taxes | 67/77 | €2,074 | €6,103 | +€4,029 | +194% |
| Profit (loss) for the period | 9904 | €2,081 | €5,464 | +€3,382 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €2,081 | €5,464 | +€3,382 | +162% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.