BALMS: 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.
BALMS
Largest movements
- Receivables within one year -€46,907
down €46,907 (-75.5%), from €62,166 to €15,259
of which Trade receivables: -€45,698
- Cash +€13,578
up €13,578 (+24.2%), from €56,199 to €69,778
mainly Receivables within one year (+€46,907) and Other debts (+€180)
- Trade debts -€18,028
down €18,028 (-45.9%), from €39,312 to €21,284
- Profit (loss) carried forward -€12,154
down €12,154 (-20.9%), from €58,242 to €46,088
- Tax, wage and social debts -€3,214
down €3,214 (-17.5%), from €18,412 to €15,198
- Gross operating margin -€84,567
down €84,567, from €75,933 to -€8,634
- Taxes -€14,891
no longer reported in 2025 (was €14,891)
- Other operating charges +€1,319
up €1,319 (+74.5%), from €1,772 to €3,091
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 | €119,966 | €86,750 | -€33,216 | -27.7% |
| Fixed assets | 21/28 | €1,600 | €1,600 | = | 0.0% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €118,366 | €85,150 | -€33,216 | -28.1% |
| Amounts receivable within one year | 40/41 | €62,166 | €15,259 | -€46,907 | -75.5% |
| Trade receivables | 40 | €60,958 | €15,259 | -€45,698 | -75.0% |
| Other amounts receivable | 41 | €1,209 | - | -€1,209 | |
| Cash at bank and in hand | 54/58 | €56,199 | €69,778 | +€13,578 | +24.2% |
| Deferred charges and accrued income | 490/1 | - | €113 | +€113 | |
| Total equity and liabilities | 10/49 | €119,966 | €86,750 | -€33,216 | -27.7% |
| Equity | 10/15 | €62,242 | €50,088 | -€12,154 | -19.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,242 | €46,088 | -€12,154 | -20.9% |
| Amounts payable | 17/49 | €57,724 | €36,662 | -€21,062 | -36.5% |
| Amounts payable within one year | 42/48 | €57,724 | €36,662 | -€21,062 | -36.5% |
| Trade debts | 44 | €39,312 | €21,284 | -€18,028 | -45.9% |
| Suppliers | 440/4 | €39,312 | €21,284 | -€18,028 | -45.9% |
| Taxes, remuneration and social security | 45 | €18,412 | €15,198 | -€3,214 | -17.5% |
| Taxes | 450/3 | €18,412 | €15,198 | -€3,214 | -17.5% |
| Other amounts payable | 47/48 | - | €180 | +€180 | |
| Other operating charges | 640/8 | €1,772 | €3,091 | +€1,319 | +74.5% |
| Gross operating margin | 9900 | €75,933 | -€8,634 | -€84,567 | |
| Operating profit (loss) | 9901 | €74,161 | -€11,725 | -€85,886 | |
| Financial income | 75/76B | €86 | €81 | -€5 | -5.5% |
| Recurring financial income | 75 | €86 | €81 | -€5 | -5.5% |
| Financial charges | 65/66B | €1,114 | €510 | -€604 | -54.2% |
| Recurring financial charges | 65 | €1,114 | €510 | -€604 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €73,133 | -€12,154 | -€85,287 | |
| Income taxes | 67/77 | €14,891 | - | -€14,891 | |
| Profit (loss) for the period | 9904 | €58,242 | -€12,154 | -€70,396 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,242 | -€12,154 | -€70,396 |
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 14 October 2026 via checked.be.