BALTALEX: 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.
BALTALEX
Largest movements
- Stocks and contracts +€11,980
new in 2025: €11,980
- Tangible fixed assets -€9,886
down €9,886 (-37.6%), from €26,297 to €16,411
- Cash +€1,765
up €1,765 (+12.4%), from €14,272 to €16,038
mainly Trade debts (+€13,988) and Depreciation (+€10,688)
- Deferred charges and accrued income +€975
up €975 (+64.1%), from €1,521 to €2,496
- Receivables within one year +€687
up €687 (+18.8%), from €3,660 to €4,347
of which Other amounts receivable: +€727
- Trade debts +€13,988
up €13,988 (+1267.3%), from €1,104 to €15,092
- Profit (loss) carried forward -€7,281
down €7,281 (-2.1%), from -€352,869 to -€360,150
- Tax, wage and social debts -€2,121
down €2,121 (-93.0%), from €2,281 to €160
- Other debts +€900
up €900 (+0.7%), from €126,679 to €127,579
- Gross operating margin -€2,480
down €2,480 (-36.1%), from €6,870 to €4,389
- Financial income +€186
up €186 (+224.7%), from €83 to €269
- Other operating charges +€128
up €128 (+16.2%), from €795 to €923
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 | €45,751 | €51,272 | +€5,521 | +12.1% |
| Fixed assets | 21/28 | €26,297 | €16,411 | -€9,886 | -37.6% |
| Tangible fixed assets | 22/27 | €26,297 | €16,411 | -€9,886 | -37.6% |
| Furniture and vehicles | 24 | €26,297 | €16,411 | -€9,886 | -37.6% |
| Current assets | 29/58 | €19,454 | €34,861 | +€15,407 | +79.2% |
| Stocks and contracts in progress | 3 | - | €11,980 | +€11,980 | |
| Stocks | 30/36 | - | €11,980 | +€11,980 | |
| Amounts receivable within one year | 40/41 | €3,660 | €4,347 | +€687 | +18.8% |
| Trade receivables | 40 | €3,660 | €3,620 | -€40 | -1.1% |
| Other amounts receivable | 41 | - | €727 | +€727 | |
| Cash at bank and in hand | 54/58 | €14,272 | €16,038 | +€1,765 | +12.4% |
| Deferred charges and accrued income | 490/1 | €1,521 | €2,496 | +€975 | +64.1% |
| Total equity and liabilities | 10/49 | €45,751 | €51,272 | +€5,521 | +12.1% |
| Equity | 10/15 | -€334,277 | -€341,558 | -€7,281 | -2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€352,869 | -€360,150 | -€7,281 | -2.1% |
| Provisions and deferred taxes | 16 | €109,964 | €109,964 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €109,964 | €109,964 | = | 0.0% |
| Pensions and similar obligations | 160 | €109,964 | €109,964 | = | 0.0% |
| Amounts payable | 17/49 | €270,064 | €282,866 | +€12,803 | +4.7% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Other amounts payable | 178/9 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €130,064 | €142,831 | +€12,767 | +9.8% |
| Trade debts | 44 | €1,104 | €15,092 | +€13,988 | +1267.3% |
| Suppliers | 440/4 | €1,104 | €15,092 | +€13,988 | +1267.3% |
| Taxes, remuneration and social security | 45 | €2,281 | €160 | -€2,121 | -93.0% |
| Taxes | 450/3 | €2,281 | €160 | -€2,121 | -93.0% |
| Other amounts payable | 47/48 | €126,679 | €127,579 | +€900 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,657 | €10,688 | +€31 | +0.3% |
| Other operating charges | 640/8 | €795 | €923 | +€128 | +16.2% |
| Gross operating margin | 9900 | €6,870 | €4,389 | -€2,480 | -36.1% |
| Operating profit (loss) | 9901 | -€4,582 | -€7,222 | -€2,640 | -57.6% |
| Financial income | 75/76B | €83 | €269 | +€186 | +224.7% |
| Recurring financial income | 75 | €83 | €269 | +€186 | +224.7% |
| Financial charges | 65/66B | €118 | €169 | +€50 | +42.3% |
| Recurring financial charges | 65 | €118 | €169 | +€50 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,618 | -€7,122 | -€2,504 | -54.2% |
| Income taxes | 67/77 | €168 | €160 | -€8 | -4.8% |
| Profit (loss) for the period | 9904 | -€4,786 | -€7,281 | -€2,495 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,786 | -€7,281 | -€2,495 | -52.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.