BALUHOLD: 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.
BALUHOLD
Largest movements
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Cash +€209,223
up €209,223 (+206%), from €101,376 to €310,598
mainly Other debts (+€4.1m) and Net result for the year (+€649,419)
- Debts after one year -€4.8m
down €4.8m (-93.1%), from €5.1m to €350,000
- Other debts +€4.1m
new in 2025: €4.1m
- Reserves +€649,419
up €649,419 (+8.7%), from €7.4m to €8.1m
of which Distributable reserves: +€623,187
- Current portion of long-term debt -€319,286
down €319,286 (-32.3%), from €988,571 to €669,286
- Financial income -€246,350
down €246,350 (-35.2%), from €700,000 to €453,650
- Taxes +€24,915
up €24,915 (+102%), from €24,537 to €49,452
of which Taxes: +€32,063
- Financial charges -€18,234
down €18,234 (-5.7%), from €321,668 to €303,434
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 | €17,563,054 | €17,272,492 | -€290,562 | -1.7% |
| Fixed assets | 21/28 | €16,960,018 | €16,960,018 | = | 0.0% |
| Financial fixed assets | 28 | €16,960,018 | €16,960,018 | = | 0.0% |
| Affiliated companies | 280/1 | €16,960,018 | €16,960,018 | = | 0.0% |
| Participating interests | 280 | €16,960,018 | €16,960,018 | = | 0.0% |
| Current assets | 29/58 | €603,035 | €312,473 | -€290,562 | -48.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | €216 | +€216 | |
| Trade receivables | 40 | - | €216 | +€216 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Other investments | 51/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €101,376 | €310,598 | +€209,223 | +206% |
| Deferred charges and accrued income | 490/1 | €1,660 | €1,660 | = | 0.0% |
| Total equity and liabilities | 10/49 | €17,563,054 | €17,272,492 | -€290,562 | -1.7% |
| Equity | 10/15 | €11,448,101 | €12,097,521 | +€649,419 | +5.7% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €7,448,101 | €8,097,521 | +€649,419 | +8.7% |
| Non-distributable reserves | 130/1 | €373,767 | €400,000 | +€26,233 | +7.0% |
| Legal reserve | 130 | €373,767 | €400,000 | +€26,233 | +7.0% |
| Distributable reserves | 133 | €7,074,334 | €7,697,521 | +€623,187 | +8.8% |
| Amounts payable | 17/49 | €6,114,952 | €5,174,971 | -€939,981 | -15.4% |
| Amounts payable after more than one year | 17 | €5,102,619 | €350,000 | -€4.8m | -93.1% |
| Financial debts | 170/4 | €5,102,619 | €350,000 | -€4.8m | -93.1% |
| Credit institutions | 173 | €1,019,286 | €350,000 | -€669,286 | -65.7% |
| Other loans | 174 | €4,083,333 | €0 | -€4.1m | -100% |
| Amounts payable within one year | 42/48 | €995,174 | €4,814,997 | +€3.8m | +384% |
| Current portion of amounts payable after more than one year | 42 | €988,571 | €669,286 | -€319,286 | -32.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,603 | €62,379 | +€55,776 | +845% |
| Taxes | 450/3 | €6,603 | €62,379 | +€55,776 | +845% |
| Other amounts payable | 47/48 | - | €4,083,333 | +€4.1m | |
| Accrued charges and deferred income | 492/3 | €17,159 | €9,974 | -€7,185 | -41.9% |
| Operating income | 70/76A | €796,995 | €795,677 | -€1,318 | -0.2% |
| Turnover | 70 | €793,750 | €793,750 | = | 0.0% |
| Other operating income | 74 | €3,245 | €1,927 | -€1,318 | -40.6% |
| Operating charges | 60/66A | €251,530 | €247,021 | -€4,508 | -1.8% |
| Services and other goods | 61 | €250,562 | €245,769 | -€4,793 | -1.9% |
| Other operating charges | 640/8 | €968 | €1,252 | +€285 | +29.5% |
| Operating profit (loss) | 9901 | €545,465 | €548,655 | +€3,191 | +0.6% |
| Financial income | 75/76B | €700,000 | €453,650 | -€246,350 | -35.2% |
| Recurring financial income | 75 | €700,000 | €453,650 | -€246,350 | -35.2% |
| Income from financial fixed assets | 750 | €700,000 | €450,000 | -€250,000 | -35.7% |
| Income from current assets | 751 | - | €3,650 | +€3,650 | |
| Financial charges | 65/66B | €321,668 | €303,434 | -€18,234 | -5.7% |
| Recurring financial charges | 65 | €321,668 | €303,434 | -€18,234 | -5.7% |
| Debt charges | 650 | €320,944 | €302,637 | -€18,307 | -5.7% |
| Other financial charges | 652/9 | €724 | €797 | +€73 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €923,797 | €698,871 | -€224,926 | -24.3% |
| Income taxes | 67/77 | €24,537 | €49,452 | +€24,915 | +102% |
| Taxes | 670/3 | €24,537 | €56,600 | +€32,063 | +131% |
| Tax adjustments and reversals of tax provisions | 77 | - | €7,148 | +€7,148 | |
| Profit (loss) for the period | 9904 | €899,261 | €649,419 | -€249,841 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €899,261 | €649,419 | -€249,841 | -27.8% |
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 26 October 2026 via checked.be.