BALUTEC: 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.
BALUTEC
Largest movements
- Tangible fixed assets +€5,279
up €5,279 (+109%), from €4,861 to €10,140
- Cash -€334
down €334 (-2.9%), from €11,436 to €11,102
mainly Investment in fixed assets (net) (-€7,119) and Tax, wage and social debts (-€1,421)
- Profit (loss) carried forward +€5,230
up €5,230 (+50.0%), from -€10,458 to -€5,229
- Tax, wage and social debts -€1,421
down €1,421 (-59.3%), from €2,397 to €976
- Other debts +€940
up €940 (+27.1%), from €3,467 to €4,407
- Depreciation -€1,850
down €1,850 (-50.1%), from €3,690 to €1,840
- Gross operating margin +€1,044
up €1,044 (+13.4%), from €7,778 to €8,822
- Taxes +€513
up €513, from €0 to €513
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 | €26,289 | €31,232 | +€4,943 | +18.8% |
| Fixed assets | 21/28 | €4,861 | €10,140 | +€5,279 | +109% |
| Tangible fixed assets | 22/27 | €4,861 | €10,140 | +€5,279 | +109% |
| Furniture and vehicles | 24 | €4,861 | €10,140 | +€5,279 | +109% |
| Current assets | 29/58 | €21,428 | €21,091 | -€336 | -1.6% |
| Amounts receivable within one year | 40/41 | €9,992 | €9,989 | -€2 | 0.0% |
| Trade receivables | 40 | €9,992 | €9,989 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €11,436 | €11,102 | -€334 | -2.9% |
| Total equity and liabilities | 10/49 | €26,289 | €31,232 | +€4,943 | +18.8% |
| Equity | 10/15 | €19,310 | €24,540 | +€5,230 | +27.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €17,369 | €17,369 | = | 0.0% |
| Distributable reserves | 133 | €17,369 | €17,369 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,458 | -€5,229 | +€5,230 | +50.0% |
| Amounts payable | 17/49 | €6,979 | €6,692 | -€287 | -4.1% |
| Amounts payable within one year | 42/48 | €6,979 | €6,692 | -€287 | -4.1% |
| Trade debts | 44 | €1,115 | €1,309 | +€194 | +17.4% |
| Suppliers | 440/4 | €1,115 | €1,309 | +€194 | +17.4% |
| Taxes, remuneration and social security | 45 | €2,397 | €976 | -€1,421 | -59.3% |
| Taxes | 450/3 | €2,397 | €976 | -€1,421 | -59.3% |
| Other amounts payable | 47/48 | €3,467 | €4,407 | +€940 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,690 | €1,840 | -€1,850 | -50.1% |
| Other operating charges | 640/8 | €1,163 | €1,199 | +€36 | +3.1% |
| Gross operating margin | 9900 | €7,778 | €8,822 | +€1,044 | +13.4% |
| Operating profit (loss) | 9901 | €2,925 | €5,783 | +€2,858 | +97.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €2,882 | €5,743 | +€2,861 | +99.3% |
| Income taxes | 67/77 | €0 | €513 | +€513 | |
| Profit (loss) for the period | 9904 | €2,882 | €5,230 | +€2,348 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,882 | €5,230 | +€2,348 | +81.5% |
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 18 October 2026 via checked.be.