BALVER: 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.
BALVER
Largest movements
- Tangible fixed assets -€12,457
down €12,457 (-3.7%), from €333,658 to €321,201
of which Land and buildings: -€12,757
- Cash -€5,113
down €5,113 (-47.0%), from €10,889 to €5,776
mainly Debts after one year (-€15,796) and Net result for the year (-€11,994)
- Receivables within one year -€4,235
down €4,235 (-95.9%), from €4,418 to €183
of which Trade receivables: -€4,235
- Debts after one year -€15,796
down €15,796 (-33.0%), from €47,870 to €32,074
- Other debts +€13,434
up €13,434 (+5.2%), from €256,282 to €269,716
- Profit (loss) carried forward -€11,994
down €11,994 (-61.0%), from -€19,660 to -€31,654
- Trade debts -€7,559
down €7,559 (-99.4%), from €7,602 to €43
of which Bills of exchange payable: -€4,949
- Gross operating margin -€9,778
down €9,778 (-50.9%), from €19,204 to €9,426
- Financial income -€794
down €794 (-98.5%), from €806 to €12
of which Non-recurring financial income: -€797
- Depreciation -€643
down €643 (-3.4%), from €18,927 to €18,284
- Financial charges -€380
down €380 (-16.2%), from €2,352 to €1,972
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 | €349,810 | €328,097 | -€21,713 | -6.2% |
| Fixed assets | 21/28 | €333,658 | €321,201 | -€12,457 | -3.7% |
| Tangible fixed assets | 22/27 | €333,658 | €321,201 | -€12,457 | -3.7% |
| Land and buildings | 22 | €332,431 | €319,674 | -€12,757 | -3.8% |
| Furniture and vehicles | 24 | €1,227 | €1,527 | +€300 | +24.4% |
| Current assets | 29/58 | €16,152 | €6,896 | -€9,256 | -57.3% |
| Amounts receivable within one year | 40/41 | €4,418 | €183 | -€4,235 | -95.9% |
| Trade receivables | 40 | €4,235 | - | -€4,235 | |
| Other amounts receivable | 41 | €183 | €183 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,889 | €5,776 | -€5,113 | -47.0% |
| Deferred charges and accrued income | 490/1 | €845 | €937 | +€92 | +10.9% |
| Total equity and liabilities | 10/49 | €349,810 | €328,097 | -€21,713 | -6.2% |
| Equity | 10/15 | €20,775 | €8,781 | -€11,994 | -57.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,435 | €20,435 | = | 0.0% |
| Distributable reserves | 133 | €20,435 | €20,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,660 | -€31,654 | -€11,994 | -61.0% |
| Amounts payable | 17/49 | €329,035 | €319,316 | -€9,719 | -3.0% |
| Amounts payable after more than one year | 17 | €47,870 | €32,074 | -€15,796 | -33.0% |
| Financial debts | 170/4 | €47,870 | €32,074 | -€15,796 | -33.0% |
| Amounts payable within one year | 42/48 | €281,165 | €287,242 | +€6,077 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €16,272 | €16,704 | +€432 | +2.7% |
| Trade debts | 44 | €7,602 | €43 | -€7,559 | -99.4% |
| Suppliers | 440/4 | €2,653 | €43 | -€2,610 | -98.4% |
| Bills of exchange payable | 441 | €4,949 | - | -€4,949 | |
| Taxes, remuneration and social security | 45 | €1,009 | €779 | -€230 | -22.8% |
| Taxes | 450/3 | €1,009 | €779 | -€230 | -22.8% |
| Other amounts payable | 47/48 | €256,282 | €269,716 | +€13,434 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,927 | €18,284 | -€643 | -3.4% |
| Other operating charges | 640/8 | €1,006 | €1,176 | +€170 | +16.9% |
| Gross operating margin | 9900 | €19,204 | €9,426 | -€9,778 | -50.9% |
| Operating profit (loss) | 9901 | -€729 | -€10,034 | -€9,305 | -1276.4% |
| Financial income | 75/76B | €806 | €12 | -€794 | -98.5% |
| Recurring financial income | 75 | €9 | €12 | +€3 | +33.3% |
| Non-recurring financial income | 76B | €797 | - | -€797 | |
| Financial charges | 65/66B | €2,352 | €1,972 | -€380 | -16.2% |
| Recurring financial charges | 65 | €2,352 | €1,972 | -€380 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,275 | -€11,994 | -€9,719 | -427.2% |
| Profit (loss) for the period | 9904 | -€2,275 | -€11,994 | -€9,719 | -427.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,275 | -€11,994 | -€9,719 | -427.2% |
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 6 October 2026 via checked.be.