BALOCA: 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.
BALOCA
Largest movements
- Receivables within one year -€159,147
down €159,147 (-59.2%), from €268,859 to €109,712
of which Trade receivables: -€226,116
- Tangible fixed assets -€20,683
down €20,683 (-6.3%), from €330,654 to €309,971
of which Land and buildings: -€17,797
- Other debts -€139,090
no longer reported in 2025 (was €139,090)
- Debts after one year -€34,688
down €34,688 (-21.7%), from €159,699 to €125,010
- Trade debts -€19,995
no longer reported in 2025 (was €19,995)
- Reserves +€16,097
up €16,097 (+7.4%), from €217,364 to €233,461
of which Distributable reserves: +€16,097
- Current portion of long-term debt -€7,105
down €7,105 (-17.8%), from €39,919 to €32,813
- Staff costs -€94,044
down €94,044, from €91,312 to -€2,732
- Gross operating margin -€57,740
down €57,740 (-44.7%), from €129,153 to €71,413
- Other operating charges -€9,558
down €9,558 (-70.7%), from €13,524 to €3,966
- Taxes +€6,516
up €6,516 (+101%), from €6,449 to €12,966
- Financial income -€1,622
down €1,622 (-84.1%), from €1,929 to €307
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 | €602,665 | €423,980 | -€178,685 | -29.6% |
| Fixed assets | 21/28 | €330,654 | €309,971 | -€20,683 | -6.3% |
| Tangible fixed assets | 22/27 | €330,654 | €309,971 | -€20,683 | -6.3% |
| Land and buildings | 22 | €319,686 | €301,889 | -€17,797 | -5.6% |
| Plant, machinery and equipment | 23 | €1,467 | €932 | -€535 | -36.5% |
| Furniture and vehicles | 24 | €9,501 | €7,150 | -€2,351 | -24.7% |
| Current assets | 29/58 | €272,011 | €114,009 | -€158,002 | -58.1% |
| Amounts receivable within one year | 40/41 | €268,859 | €109,712 | -€159,147 | -59.2% |
| Trade receivables | 40 | €268,859 | €42,743 | -€226,116 | -84.1% |
| Other amounts receivable | 41 | - | €66,969 | +€66,969 | |
| Cash at bank and in hand | 54/58 | €2,130 | €44 | -€2,085 | -97.9% |
| Deferred charges and accrued income | 490/1 | €1,022 | €4,253 | +€3,231 | +316% |
| Total equity and liabilities | 10/49 | €602,665 | €423,980 | -€178,685 | -29.6% |
| Equity | 10/15 | €225,081 | €241,178 | +€16,097 | +7.2% |
| Contributions | 10/11 | €7,717 | €7,717 | = | 0.0% |
| Reserves | 13 | €217,364 | €233,461 | +€16,097 | +7.4% |
| Tax-exempt reserves | 132 | €2,608 | €2,608 | = | 0.0% |
| Distributable reserves | 133 | €214,756 | €230,853 | +€16,097 | +7.5% |
| Amounts payable | 17/49 | €377,584 | €182,802 | -€194,782 | -51.6% |
| Amounts payable after more than one year | 17 | €159,699 | €125,010 | -€34,688 | -21.7% |
| Financial debts | 170/4 | €159,699 | €125,010 | -€34,688 | -21.7% |
| Amounts payable within one year | 42/48 | €217,885 | €57,792 | -€160,093 | -73.5% |
| Current portion of amounts payable after more than one year | 42 | €39,919 | €32,813 | -€7,105 | -17.8% |
| Financial debts | 43 | - | €4,655 | +€4,655 | |
| Credit institutions | 430/8 | - | €4,655 | +€4,655 | |
| Trade debts | 44 | €19,995 | - | -€19,995 | |
| Suppliers | 440/4 | €19,995 | - | -€19,995 | |
| Taxes, remuneration and social security | 45 | €18,882 | €20,324 | +€1,442 | +7.6% |
| Taxes | 450/3 | €1,087 | €20,324 | +€19,237 | +1,769% |
| Remuneration and social security | 454/9 | €17,795 | - | -€17,795 | |
| Other amounts payable | 47/48 | €139,090 | - | -€139,090 | |
| Remuneration, social security and pensions | 62 | €91,312 | -€2,732 | -€94,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,106 | €20,683 | +€1,578 | +8.3% |
| Other operating charges | 640/8 | €13,524 | €3,966 | -€9,558 | -70.7% |
| Gross operating margin | 9900 | €129,153 | €71,413 | -€57,740 | -44.7% |
| Operating profit (loss) | 9901 | €5,211 | €49,496 | +€44,284 | +850% |
| Financial income | 75/76B | €1,929 | €307 | -€1,622 | -84.1% |
| Recurring financial income | 75 | €1,929 | €307 | -€1,622 | -84.1% |
| Financial charges | 65/66B | €9,427 | €9,218 | -€209 | -2.2% |
| Recurring financial charges | 65 | €9,427 | €9,218 | -€209 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,286 | €40,585 | +€42,871 | |
| Income taxes | 67/77 | €6,449 | €12,966 | +€6,516 | +101% |
| Profit (loss) for the period | 9904 | -€8,736 | €27,619 | +€36,355 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,736 | €27,619 | +€36,355 |
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.