Balou: 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.
Balou
Largest movements
- Cash -€32,133
down €32,133 (-93.0%), from €34,557 to €2,424
mainly Debts after one year (-€72,162) and Tax, wage and social debts (-€11,353)
- Debts after one year -€72,162
down €72,162 (-10.0%), from €718,765 to €646,603
- Reserves +€28,202
up €28,202 (+14.6%), from €193,276 to €221,478
- Other debts +€14,517
new in 2025: €14,517
- Tax, wage and social debts -€11,353
down €11,353 (-58.7%), from €19,330 to €7,977
- Gross operating margin +€33,445
up €33,445 (+253%), from €13,242 to €46,687
- Taxes +€8,910
up €8,910 (+862%), from €1,033 to €9,944
- Depreciation -€819
down €819 (-16.6%), from €4,945 to €4,127
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 | €1,074,416 | €1,038,982 | -€35,435 | -3.3% |
| Fixed assets | 21/28 | €1,007,522 | €1,003,396 | -€4,127 | -0.4% |
| Tangible fixed assets | 22/27 | €7,522 | €3,396 | -€4,127 | -54.9% |
| Furniture and vehicles | 24 | €7,522 | €3,396 | -€4,127 | -54.9% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €66,894 | €35,586 | -€31,308 | -46.8% |
| Amounts receivable within one year | 40/41 | €25,251 | €26,094 | +€843 | +3.3% |
| Trade receivables | 40 | €4,861 | €7,080 | +€2,219 | +45.7% |
| Other amounts receivable | 41 | €20,390 | €19,014 | -€1,376 | -6.7% |
| Cash at bank and in hand | 54/58 | €34,557 | €2,424 | -€32,133 | -93.0% |
| Deferred charges and accrued income | 490/1 | €7,086 | €7,068 | -€18 | -0.3% |
| Total equity and liabilities | 10/49 | €1,074,416 | €1,038,982 | -€35,435 | -3.3% |
| Equity | 10/15 | €205,276 | €233,478 | +€28,202 | +13.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €193,276 | €221,478 | +€28,202 | +14.6% |
| Distributable reserves | 133 | €193,276 | €221,478 | +€28,202 | +14.6% |
| Amounts payable | 17/49 | €869,140 | €805,503 | -€63,637 | -7.3% |
| Amounts payable after more than one year | 17 | €718,765 | €646,603 | -€72,162 | -10.0% |
| Financial debts | 170/4 | €718,765 | €646,603 | -€72,162 | -10.0% |
| Amounts payable within one year | 42/48 | €150,375 | €158,900 | +€8,525 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €71,413 | €72,162 | +€749 | +1.0% |
| Trade debts | 44 | €2,052 | €6,664 | +€4,612 | +225% |
| Suppliers | 440/4 | €2,052 | €6,664 | +€4,612 | +225% |
| Advances received on contracts in progress | 46 | €57,580 | €57,580 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,330 | €7,977 | -€11,353 | -58.7% |
| Taxes | 450/3 | €19,330 | €7,977 | -€11,353 | -58.7% |
| Other amounts payable | 47/48 | - | €14,517 | +€14,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,945 | €4,127 | -€819 | -16.6% |
| Other operating charges | 640/8 | €1,407 | €1,405 | -€1 | -0.1% |
| Gross operating margin | 9900 | €13,242 | €46,687 | +€33,445 | +253% |
| Operating profit (loss) | 9901 | €6,890 | €41,156 | +€34,266 | +497% |
| Financial income | 75/76B | €177 | €5 | -€172 | -97.3% |
| Recurring financial income | 75 | €177 | €5 | -€172 | -97.3% |
| Financial charges | 65/66B | €3,458 | €3,014 | -€444 | -12.8% |
| Recurring financial charges | 65 | €3,458 | €3,014 | -€444 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €3,609 | €38,146 | +€34,537 | +957% |
| Income taxes | 67/77 | €1,033 | €9,944 | +€8,910 | +862% |
| Profit (loss) for the period | 9904 | €2,575 | €28,202 | +€25,627 | +995% |
| Profit (loss) for the period to be appropriated | 9905 | €2,575 | €28,202 | +€25,627 | +995% |
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 20 October 2026 via checked.be.