BALMORAL: 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.
BALMORAL
Largest movements
- Cash -€3,198
down €3,198 (-98.7%), from €3,240 to €42
mainly Other debts (-€5,580)
- Other debts -€5,580
down €5,580 (-5.8%), from €96,394 to €90,813
- Profit (loss) carried forward +€1,641
up €1,641 (+0.8%), from -€208,150 to -€206,509
- Gross operating margin -€3,242
down €3,242 (-44.9%), from €7,212 to €3,970
- Taxes +€460
up €460 (+297.8%), from €155 to €615
- Other operating charges -€149
down €149 (-9.7%), from €1,539 to €1,390
- Depreciation -€115
down €115 (-29.0%), from €396 to €281
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 | €77,170 | €73,691 | -€3,479 | -4.5% |
| Fixed assets | 21/28 | €69,954 | €69,673 | -€281 | -0.4% |
| Tangible fixed assets | 22/27 | €69,954 | €69,673 | -€281 | -0.4% |
| Land and buildings | 22 | €69,954 | €69,673 | -€281 | -0.4% |
| Current assets | 29/58 | €7,216 | €4,018 | -€3,198 | -44.3% |
| Amounts receivable within one year | 40/41 | €3,976 | €3,976 | = | 0.0% |
| Other amounts receivable | 41 | €3,976 | €3,976 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,240 | €42 | -€3,198 | -98.7% |
| Total equity and liabilities | 10/49 | €77,170 | €73,691 | -€3,479 | -4.5% |
| Equity | 10/15 | -€19,726 | -€18,085 | +€1,641 | +8.3% |
| Contributions | 10/11 | €185,416 | €185,416 | = | 0.0% |
| Reserves | 13 | €3,007 | €3,007 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,007 | €0 | -€3,007 | -100.0% |
| Reserves not available under the articles | 1311 | €3,007 | €0 | -€3,007 | -100.0% |
| Distributable reserves | 133 | - | €3,007 | +€3,007 | |
| Profit (loss) carried forward | 14 | -€208,150 | -€206,509 | +€1,641 | +0.8% |
| Amounts payable | 17/49 | €96,896 | €91,776 | -€5,120 | -5.3% |
| Amounts payable within one year | 42/48 | €96,548 | €91,428 | -€5,120 | -5.3% |
| Taxes, remuneration and social security | 45 | €155 | €615 | +€460 | +297.8% |
| Taxes | 450/3 | €155 | €615 | +€460 | +297.8% |
| Other amounts payable | 47/48 | €96,394 | €90,813 | -€5,580 | -5.8% |
| Accrued charges and deferred income | 492/3 | €348 | €348 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €281 | -€115 | -29.0% |
| Other operating charges | 640/8 | €1,539 | €1,390 | -€149 | -9.7% |
| Gross operating margin | 9900 | €7,212 | €3,970 | -€3,242 | -44.9% |
| Operating profit (loss) | 9901 | €5,277 | €2,299 | -€2,978 | -56.4% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €5,238 | €2,256 | -€2,982 | -56.9% |
| Income taxes | 67/77 | €155 | €615 | +€460 | +297.8% |
| Profit (loss) for the period | 9904 | €5,084 | €1,641 | -€3,443 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,084 | €1,641 | -€3,443 | -67.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.