BALOMA: 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.
BALOMA
Largest movements
- Financial fixed assets +€37,500
up €37,500 (+100.0%), from €37,500 to €75,000
- Receivables within one year +€35,583
up €35,583 (+568411.2%), from €6 to €35,589
of which Trade receivables: +€35,589
- Cash +€30,679
up €30,679 (+131.4%), from €23,344 to €54,023
mainly Net result for the year (+€73,971) and Tax, wage and social debts (+€31,345)
- Formation expenses -€3,567
down €3,567 (-39.3%), from €9,068 to €5,501
- Reserves +€73,971
up €73,971 (+924.0%), from €8,005 to €81,976
- Other debts -€33,305
down €33,305 (-66.5%), from €50,046 to €16,741
- Tax, wage and social debts +€31,345
up €31,345 (+372.1%), from €8,424 to €39,769
- Debts after one year +€14,949
new in 2025: €14,949
- Current portion of long-term debt +€12,440
new in 2025: €12,440
- Gross operating margin +€93,049
up €93,049 (+547.8%), from €16,987 to €110,037
- Taxes +€23,004
up €23,004 (+631.0%), from €3,646 to €26,649
- Depreciation +€2,344
up €2,344 (+119.9%), from €1,955 to €4,300
- Financial charges +€1,921
up €1,921 (+68.1%), from €2,822 to €4,744
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 | €73,027 | €172,793 | +€99,766 | +136.6% |
| Formation expenses | 20 | €9,068 | €5,501 | -€3,567 | -39.3% |
| Fixed assets | 21/28 | €39,376 | €76,143 | +€36,767 | +93.4% |
| Tangible fixed assets | 22/27 | €1,876 | €1,143 | -€733 | -39.1% |
| Furniture and vehicles | 24 | €1,876 | €1,143 | -€733 | -39.1% |
| Financial fixed assets | 28 | €37,500 | €75,000 | +€37,500 | +100.0% |
| Current assets | 29/58 | €24,583 | €91,149 | +€66,565 | +270.8% |
| Amounts receivable within one year | 40/41 | €6 | €35,589 | +€35,583 | +568411.2% |
| Trade receivables | 40 | - | €35,589 | +€35,589 | |
| Other amounts receivable | 41 | €6 | €0 | -€6 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,344 | €54,023 | +€30,679 | +131.4% |
| Deferred charges and accrued income | 490/1 | €1,233 | €1,537 | +€304 | +24.7% |
| Total equity and liabilities | 10/49 | €73,027 | €172,793 | +€99,766 | +136.6% |
| Equity | 10/15 | €11,005 | €84,976 | +€73,971 | +672.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,005 | €81,976 | +€73,971 | +924.0% |
| Distributable reserves | 133 | €8,005 | €81,976 | +€73,971 | +924.0% |
| Amounts payable | 17/49 | €62,021 | €87,816 | +€25,795 | +41.6% |
| Amounts payable after more than one year | 17 | - | €14,949 | +€14,949 | |
| Financial debts | 170/4 | - | €14,949 | +€14,949 | |
| Amounts payable within one year | 42/48 | €59,778 | €70,308 | +€10,530 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,440 | +€12,440 | |
| Financial debts | 43 | - | €514 | +€514 | |
| Other loans | 439 | - | €514 | +€514 | |
| Trade debts | 44 | €1,309 | €845 | -€464 | -35.5% |
| Suppliers | 440/4 | €1,309 | €845 | -€464 | -35.5% |
| Taxes, remuneration and social security | 45 | €8,424 | €39,769 | +€31,345 | +372.1% |
| Taxes | 450/3 | €8,424 | €39,769 | +€31,345 | +372.1% |
| Other amounts payable | 47/48 | €50,046 | €16,741 | -€33,305 | -66.5% |
| Accrued charges and deferred income | 492/3 | €2,243 | €2,560 | +€317 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,955 | €4,300 | +€2,344 | +119.9% |
| Other operating charges | 640/8 | €562 | €426 | -€136 | -24.2% |
| Gross operating margin | 9900 | €16,987 | €110,037 | +€93,049 | +547.8% |
| Operating profit (loss) | 9901 | €14,470 | €105,311 | +€90,841 | +627.8% |
| Financial income | 75/76B | €3 | €53 | +€50 | +1534.1% |
| Recurring financial income | 75 | €3 | €53 | +€50 | +1534.1% |
| Financial charges | 65/66B | €2,822 | €4,744 | +€1,921 | +68.1% |
| Recurring financial charges | 65 | €2,822 | €4,744 | +€1,921 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €11,651 | €100,620 | +€88,969 | +763.6% |
| Income taxes | 67/77 | €3,646 | €26,649 | +€23,004 | +631.0% |
| Profit (loss) for the period | 9904 | €8,005 | €73,971 | +€65,965 | +824.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,005 | €73,971 | +€65,965 | +824.0% |
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 10 October 2026 via checked.be.