BALPA: 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.
BALPA
Largest movements
- Cash +€96,250
up €96,250 (+1661.3%), from €5,794 to €102,044
mainly Other debts (+€84,000) and Depreciation (+€13,465)
- Tangible fixed assets -€13,465
down €13,465 (-11.8%), from €113,699 to €100,234
- Other debts +€84,000
up €84,000 (+68.6%), from €122,372 to €206,372
- Profit (loss) carried forward -€2,374
down €2,374 (-4.5%), from -€52,447 to -€54,821
- Gross operating margin -€2,640
down €2,640 (-16.0%), from €16,486 to €13,847
- Depreciation -€1,058
down €1,058 (-7.3%), from €14,524 to €13,465
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 | €119,925 | €202,720 | +€82,794 | +69.0% |
| Fixed assets | 21/28 | €113,699 | €100,234 | -€13,465 | -11.8% |
| Tangible fixed assets | 22/27 | €113,699 | €100,234 | -€13,465 | -11.8% |
| Land and buildings | 22 | €113,699 | €100,234 | -€13,465 | -11.8% |
| Current assets | 29/58 | €6,227 | €102,486 | +€96,260 | +1546.0% |
| Cash at bank and in hand | 54/58 | €5,794 | €102,044 | +€96,250 | +1661.3% |
| Deferred charges and accrued income | 490/1 | €433 | €442 | +€10 | +2.2% |
| Total equity and liabilities | 10/49 | €119,925 | €202,720 | +€82,794 | +69.0% |
| Equity | 10/15 | -€2,447 | -€4,821 | -€2,374 | -97.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,447 | -€54,821 | -€2,374 | -4.5% |
| Amounts payable | 17/49 | €122,372 | €207,540 | +€85,168 | +69.6% |
| Amounts payable within one year | 42/48 | €122,372 | €207,540 | +€85,168 | +69.6% |
| Trade debts | 44 | - | €1,168 | +€1,168 | |
| Suppliers | 440/4 | - | €1,168 | +€1,168 | |
| Other amounts payable | 47/48 | €122,372 | €206,372 | +€84,000 | +68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,524 | €13,465 | -€1,058 | -7.3% |
| Other operating charges | 640/8 | €2,642 | €2,725 | +€83 | +3.1% |
| Gross operating margin | 9900 | €16,486 | €13,847 | -€2,640 | -16.0% |
| Operating profit (loss) | 9901 | -€680 | -€2,344 | -€1,664 | -244.9% |
| Financial charges | 65/66B | €57 | €30 | -€27 | -47.6% |
| Recurring financial charges | 65 | €57 | €30 | -€27 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | -€737 | -€2,374 | -€1,637 | -222.2% |
| Profit (loss) for the period | 9904 | -€737 | -€2,374 | -€1,637 | -222.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€737 | -€2,374 | -€1,637 | -222.2% |
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.