BALOO: 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.
BALOO
Largest movements
- Receivables after one year -€93,448
down €93,448 (-14.7%), from €635,299 to €541,852
- Receivables within one year +€51,614
up €51,614 (+49.6%), from €103,976 to €155,590
of which Other amounts receivable: +€31,614
- Cash +€12,789
up €12,789 (+5484.4%), from €233 to €13,022
mainly Receivables after one year (+€93,448) and Net result for the year (+€23,551)
- Other debts -€45,616
no longer reported in 2025 (was €45,616)
- Short-term financial debts -€23,911
no longer reported in 2025 (was €23,911)
- Reserves +€23,551
up €23,551 (+3.6%), from €652,154 to €675,705
of which Non-distributable reserves: +€23,500
- Tax, wage and social debts +€15,157
up €15,157 (+256.4%), from €5,911 to €21,068
- Gross operating margin -€81,315
down €81,315 (-61.1%), from €133,146 to €51,832
- Taxes -€26,682
down €26,682 (-65.1%), from €40,974 to €14,292
- Depreciation +€13,076
up €13,076 (+248.9%), from €5,254 to €18,330
- Other operating charges +€2,363
up €2,363 (+41.9%), from €5,642 to €8,005
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 | €749,330 | €719,451 | -€29,879 | -4.0% |
| Fixed assets | 21/28 | €8,179 | €7,310 | -€869 | -10.6% |
| Tangible fixed assets | 22/27 | €8,179 | €7,310 | -€869 | -10.6% |
| Land and buildings | 22 | €104 | - | -€104 | |
| Plant, machinery and equipment | 23 | €2,086 | €1,626 | -€460 | -22.0% |
| Furniture and vehicles | 24 | €5,989 | €5,684 | -€305 | -5.1% |
| Current assets | 29/58 | €741,151 | €712,141 | -€29,010 | -3.9% |
| Amounts receivable after more than one year | 29 | €635,299 | €541,852 | -€93,448 | -14.7% |
| Other amounts receivable | 291 | €635,299 | €541,852 | -€93,448 | -14.7% |
| Amounts receivable within one year | 40/41 | €103,976 | €155,590 | +€51,614 | +49.6% |
| Trade receivables | 40 | €48,400 | €68,400 | +€20,000 | +41.3% |
| Other amounts receivable | 41 | €55,576 | €87,190 | +€31,614 | +56.9% |
| Cash at bank and in hand | 54/58 | €233 | €13,022 | +€12,789 | +5484.4% |
| Deferred charges and accrued income | 490/1 | €1,642 | €1,678 | +€35 | +2.1% |
| Total equity and liabilities | 10/49 | €749,330 | €719,451 | -€29,879 | -4.0% |
| Equity | 10/15 | €670,754 | €694,305 | +€23,551 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €652,154 | €675,705 | +€23,551 | +3.6% |
| Non-distributable reserves | 130/1 | €216,800 | €240,300 | +€23,500 | +10.8% |
| Other | 1319 | €216,800 | €240,300 | +€23,500 | +10.8% |
| Distributable reserves | 133 | €435,354 | €435,405 | +€51 | 0.0% |
| Amounts payable | 17/49 | €78,576 | €25,146 | -€53,430 | -68.0% |
| Amounts payable within one year | 42/48 | €78,485 | €25,146 | -€53,339 | -68.0% |
| Financial debts | 43 | €23,911 | - | -€23,911 | |
| Credit institutions | 430/8 | €23,911 | - | -€23,911 | |
| Trade debts | 44 | €3,046 | €4,078 | +€1,032 | +33.9% |
| Suppliers | 440/4 | €3,046 | €4,078 | +€1,032 | +33.9% |
| Taxes, remuneration and social security | 45 | €5,911 | €21,068 | +€15,157 | +256.4% |
| Taxes | 450/3 | €5,911 | €21,068 | +€15,157 | +256.4% |
| Other amounts payable | 47/48 | €45,616 | - | -€45,616 | |
| Accrued charges and deferred income | 492/3 | €91 | - | -€91 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,254 | €18,330 | +€13,076 | +248.9% |
| Other operating charges | 640/8 | €5,642 | €8,005 | +€2,363 | +41.9% |
| Gross operating margin | 9900 | €133,146 | €51,832 | -€81,315 | -61.1% |
| Operating profit (loss) | 9901 | €122,251 | €25,497 | -€96,753 | -79.1% |
| Financial income | 75/76B | €14,874 | €14,146 | -€727 | -4.9% |
| Recurring financial income | 75 | €14,874 | €14,146 | -€727 | -4.9% |
| Financial charges | 65/66B | €2,782 | €1,800 | -€982 | -35.3% |
| Recurring financial charges | 65 | €2,782 | €1,800 | -€982 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €134,342 | €37,844 | -€96,499 | -71.8% |
| Income taxes | 67/77 | €40,974 | €14,292 | -€26,682 | -65.1% |
| Profit (loss) for the period | 9904 | €93,368 | €23,551 | -€69,817 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,368 | €23,551 | -€69,817 | -74.8% |
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 4 October 2026 via checked.be.