BALMO: 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.
BALMO
Largest movements
- Tangible fixed assets -€100,216
down €100,216 (-8.3%), from €1.2m to €1.1m
of which Land and buildings: -€94,100
- Cash -€56,565
down €56,565 (-33.9%), from €167,029 to €110,464
mainly Other debts (-€122,617) and Current investments (-€50,000)
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€29,843
down €29,843 (-99.3%), from €30,040 to €197
of which Trade receivables: -€17,328
- Other debts -€122,617
down €122,617 (-99.3%), from €123,429 to €813
- Profit (loss) carried forward -€22,719
down €22,719 (-15.0%), from -€151,926 to -€174,644
- Gross operating margin +€25,258
up €25,258 (+19.4%), from €130,154 to €155,413
- Staff costs +€11,625
up €11,625 (+20.6%), from €56,469 to €68,095
- Financial charges -€4,950
down €4,950 (-84.8%), from €5,836 to €885
- Other operating charges +€2,728
up €2,728 (+46.7%), from €5,842 to €8,571
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 | €1,404,939 | €1,268,117 | -€136,822 | -9.7% |
| Fixed assets | 21/28 | €1,207,377 | €1,106,961 | -€100,416 | -8.3% |
| Intangible fixed assets | 21 | €600 | €400 | -€200 | -33.3% |
| Tangible fixed assets | 22/27 | €1,206,777 | €1,106,561 | -€100,216 | -8.3% |
| Land and buildings | 22 | €1,200,662 | €1,106,561 | -€94,100 | -7.8% |
| Furniture and vehicles | 24 | €6,115 | €0 | -€6,115 | -100% |
| Current assets | 29/58 | €197,562 | €161,155 | -€36,407 | -18.4% |
| Amounts receivable within one year | 40/41 | €30,040 | €197 | -€29,843 | -99.3% |
| Trade receivables | 40 | €17,328 | - | -€17,328 | |
| Other amounts receivable | 41 | €12,713 | €197 | -€12,516 | -98.4% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €167,029 | €110,464 | -€56,565 | -33.9% |
| Deferred charges and accrued income | 490/1 | €492 | €493 | +€2 | +0.3% |
| Total equity and liabilities | 10/49 | €1,404,939 | €1,268,117 | -€136,822 | -9.7% |
| Equity | 10/15 | €1,266,624 | €1,243,906 | -€22,719 | -1.8% |
| Contributions | 10/11 | €1,418,550 | €1,418,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,926 | -€174,644 | -€22,719 | -15.0% |
| Amounts payable | 17/49 | €138,315 | €24,211 | -€114,104 | -82.5% |
| Amounts payable within one year | 42/48 | €138,315 | €24,211 | -€114,104 | -82.5% |
| Trade debts | 44 | €2,184 | €3,298 | +€1,114 | +51.0% |
| Suppliers | 440/4 | €2,184 | €3,298 | +€1,114 | +51.0% |
| Taxes, remuneration and social security | 45 | €12,701 | €20,100 | +€7,399 | +58.3% |
| Taxes | 450/3 | €8,221 | €12,565 | +€4,344 | +52.8% |
| Remuneration and social security | 454/9 | €4,480 | €7,535 | +€3,054 | +68.2% |
| Other amounts payable | 47/48 | €123,429 | €813 | -€122,617 | -99.3% |
| Remuneration, social security and pensions | 62 | €56,469 | €68,095 | +€11,625 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,240 | €100,416 | +€1,176 | +1.2% |
| Other operating charges | 640/8 | €5,842 | €8,571 | +€2,728 | +46.7% |
| Gross operating margin | 9900 | €130,154 | €155,413 | +€25,258 | +19.4% |
| Operating profit (loss) | 9901 | -€31,397 | -€21,668 | +€9,729 | +31.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,836 | €885 | -€4,950 | -84.8% |
| Recurring financial charges | 65 | €5,836 | €885 | -€4,950 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,233 | -€22,554 | +€14,679 | +39.4% |
| Income taxes | 67/77 | €222 | €165 | -€57 | -25.7% |
| Profit (loss) for the period | 9904 | -€37,455 | -€22,719 | +€14,736 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,455 | -€22,719 | +€14,736 | +39.3% |
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 25 October 2026 via checked.be.