BALSIS: 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.
BALSIS
Largest movements
- Tangible fixed assets +€99,579
new in 2025: €99,579
of which Plant, machinery and equipment: +€90,569
- Receivables within one year +€18,166
up €18,166 (+21,858%), from €83 to €18,249
of which Trade receivables: +€10,712
- Stocks and contracts +€5,500
new in 2025: €5,500
- Cash +€2,536
up €2,536 (+10,025%), from €25 to €2,562
mainly Other debts (+€173,013) and Trade debts (+€41,139)
- Deferred charges and accrued income +€2,500
new in 2025: €2,500
- Other debts +€173,013
up €173,013 (+6,244%), from €2,771 to €175,784
- Profit (loss) carried forward -€112,768
down €112,768 (-1,969%), from -€5,727 to -€118,495
- Trade debts +€41,139
up €41,139 (+63,321%), from €65 to €41,204
- Debts after one year +€13,050
new in 2025: €13,050
- Current portion of long-term debt +€9,870
new in 2025: €9,870
- Gross operating margin -€64,602
down €64,602 (-1,075%), from -€6,012 to -€70,614
- Staff costs +€27,167
new in 2025: €27,167
- Depreciation +€9,474
up €9,474 (+571%), from €1,660 to €11,134
- Financial charges +€2,669
up €2,669 (+2,912%), from €92 to €2,761
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 | €108 | €128,390 | +€128,282 | +118,330% |
| Fixed assets | 21/28 | - | €99,579 | +€99,579 | |
| Tangible fixed assets | 22/27 | - | €99,579 | +€99,579 | |
| Plant, machinery and equipment | 23 | - | €90,569 | +€90,569 | |
| Other tangible fixed assets | 26 | - | €9,011 | +€9,011 | |
| Current assets | 29/58 | €108 | €28,811 | +€28,702 | +26,476% |
| Stocks and contracts in progress | 3 | - | €5,500 | +€5,500 | |
| Stocks | 30/36 | - | €5,500 | +€5,500 | |
| Amounts receivable within one year | 40/41 | €83 | €18,249 | +€18,166 | +21,858% |
| Trade receivables | 40 | - | €10,712 | +€10,712 | |
| Other amounts receivable | 41 | €83 | €7,537 | +€7,454 | +8,969% |
| Cash at bank and in hand | 54/58 | €25 | €2,562 | +€2,536 | +10,025% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €108 | €128,390 | +€128,282 | +118,330% |
| Equity | 10/15 | -€2,727 | -€115,495 | -€112,768 | -4,135% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,727 | -€118,495 | -€112,768 | -1,969% |
| Amounts payable | 17/49 | €2,836 | €243,885 | +€241,049 | +8,500% |
| Amounts payable after more than one year | 17 | - | €13,050 | +€13,050 | |
| Financial debts | 170/4 | - | €13,050 | +€13,050 | |
| Amounts payable within one year | 42/48 | €2,836 | €230,836 | +€228,000 | +8,040% |
| Current portion of amounts payable after more than one year | 42 | - | €9,870 | +€9,870 | |
| Trade debts | 44 | €65 | €41,204 | +€41,139 | +63,321% |
| Suppliers | 440/4 | €65 | €41,204 | +€41,139 | +63,321% |
| Taxes, remuneration and social security | 45 | - | €3,978 | +€3,978 | |
| Remuneration and social security | 454/9 | - | €3,978 | +€3,978 | |
| Other amounts payable | 47/48 | €2,771 | €175,784 | +€173,013 | +6,244% |
| Remuneration, social security and pensions | 62 | - | €27,167 | +€27,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,660 | €11,134 | +€9,474 | +571% |
| Other operating charges | 640/8 | €499 | €1,102 | +€602 | +121% |
| Gross operating margin | 9900 | -€6,012 | -€70,614 | -€64,602 | -1,075% |
| Operating profit (loss) | 9901 | -€8,171 | -€110,017 | -€101,845 | -1,246% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €92 | €2,761 | +€2,669 | +2,912% |
| Recurring financial charges | 65 | €92 | €2,761 | +€2,669 | +2,912% |
| Profit (loss) for the period before taxes | 9903 | -€8,263 | -€112,768 | -€104,505 | -1,265% |
| Profit (loss) for the period | 9904 | -€8,263 | -€112,768 | -€104,505 | -1,265% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,263 | -€112,768 | -€104,505 | -1,265% |
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 22 October 2026 via checked.be.