BALO: 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.
BALO
Largest movements
- Receivables within one year +€11,429
up €11,429 (+161.6%), from €7,071 to €18,500
of which Other amounts receivable: +€17,929
- Tangible fixed assets -€10,533
down €10,533 (-26.6%), from €39,662 to €29,129
- Cash +€6,073
up €6,073 (+145.7%), from €4,169 to €10,243
mainly Depreciation (+€13,683) and Tax, wage and social debts (+€9,471)
- Deferred charges and accrued income -€1,128
no longer reported in 2025 (was €1,128)
- Tax, wage and social debts +€9,471
up €9,471 (+339.1%), from €2,793 to €12,265
of which Taxes: +€11,143
- Debts after one year -€9,287
down €9,287 (-33.3%), from €27,862 to €18,574
- Reserves +€5,842
up €5,842 (+321.0%), from €1,820 to €7,662
- Gross operating margin +€22,936
up €22,936 (+472.7%), from €4,852 to €27,788
- Depreciation +€12,296
up €12,296 (+886.5%), from €1,387 to €13,683
- Taxes +€5,070
up €5,070 (+451.8%), from €1,122 to €6,192
- Financial charges +€1,242
up €1,242 (+4137.2%), from €30 to €1,272
- Other operating charges +€307
up €307 (+62.4%), from €493 to €800
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 | €52,030 | €57,872 | +€5,842 | +11.2% |
| Fixed assets | 21/28 | €39,662 | €29,129 | -€10,533 | -26.6% |
| Tangible fixed assets | 22/27 | €39,662 | €29,129 | -€10,533 | -26.6% |
| Furniture and vehicles | 24 | €39,662 | €29,129 | -€10,533 | -26.6% |
| Current assets | 29/58 | €12,368 | €28,743 | +€16,375 | +132.4% |
| Amounts receivable within one year | 40/41 | €7,071 | €18,500 | +€11,429 | +161.6% |
| Trade receivables | 40 | €6,500 | - | -€6,500 | |
| Other amounts receivable | 41 | €571 | €18,500 | +€17,929 | +3142.2% |
| Cash at bank and in hand | 54/58 | €4,169 | €10,243 | +€6,073 | +145.7% |
| Deferred charges and accrued income | 490/1 | €1,128 | - | -€1,128 | |
| Total equity and liabilities | 10/49 | €52,030 | €57,872 | +€5,842 | +11.2% |
| Equity | 10/15 | €1,920 | €7,762 | +€5,842 | +304.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,820 | €7,662 | +€5,842 | +321.0% |
| Distributable reserves | 133 | €1,820 | €7,662 | +€5,842 | +321.0% |
| Amounts payable | 17/49 | €50,110 | €50,110 | +€0 | 0.0% |
| Amounts payable after more than one year | 17 | €27,862 | €18,574 | -€9,287 | -33.3% |
| Financial debts | 170/4 | €27,862 | €18,574 | -€9,287 | -33.3% |
| Amounts payable within one year | 42/48 | €22,219 | €31,536 | +€9,317 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €9,287 | €9,287 | = | 0.0% |
| Trade debts | 44 | €2,138 | €1,810 | -€328 | -15.4% |
| Suppliers | 440/4 | €2,138 | €1,810 | -€328 | -15.4% |
| Taxes, remuneration and social security | 45 | €2,793 | €12,265 | +€9,471 | +339.1% |
| Taxes | 450/3 | €1,122 | €12,265 | +€11,143 | +993.1% |
| Remuneration and social security | 454/9 | €1,671 | - | -€1,671 | |
| Other amounts payable | 47/48 | €8,000 | €8,174 | +€174 | +2.2% |
| Accrued charges and deferred income | 492/3 | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,387 | €13,683 | +€12,296 | +886.5% |
| Other operating charges | 640/8 | €493 | €800 | +€307 | +62.4% |
| Gross operating margin | 9900 | €4,852 | €27,788 | +€22,936 | +472.7% |
| Operating profit (loss) | 9901 | €2,972 | €13,305 | +€10,333 | +347.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €30 | €1,272 | +€1,242 | +4137.2% |
| Recurring financial charges | 65 | €30 | €1,272 | +€1,242 | +4137.2% |
| Profit (loss) for the period before taxes | 9903 | €2,942 | €12,033 | +€9,091 | +309.0% |
| Income taxes | 67/77 | €1,122 | €6,192 | +€5,070 | +451.8% |
| Profit (loss) for the period | 9904 | €1,820 | €5,842 | +€4,022 | +221.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,820 | €5,842 | +€4,022 | +221.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.