BaLy: 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.
BaLy
Largest movements
- Cash -€62,624
down €62,624 (-95.4%), from €65,632 to €3,008
mainly Investment in fixed assets (net) (-€73,653) and Receivables after one year (-€43,599)
- Receivables after one year +€43,599
up €43,599 (+49.8%), from €87,500 to €131,099
- Tangible fixed assets +€41,465
up €41,465 (+10.7%), from €387,807 to €429,273
of which Land and buildings: +€53,669
- Receivables within one year -€38,680
down €38,680 (-66.5%), from €58,186 to €19,505
of which Trade receivables: -€44,313
- Debts after one year -€24,827
down €24,827 (-7.6%), from €328,213 to €303,386
- Other debts +€17,548
up €17,548 (+873%), from €2,010 to €19,558
- Current portion of long-term debt -€9,379
down €9,379 (-26.2%), from €35,805 to €26,426
- Trade debts -€6,755
down €6,755 (-57.7%), from €11,706 to €4,951
- Gross operating margin +€27,718
up €27,718 (+43.8%), from €63,217 to €90,934
- Depreciation +€7,479
up €7,479 (+30.3%), from €24,708 to €32,187
- Taxes +€5,110
up €5,110 (+68.2%), from €7,497 to €12,607
- Financial charges +€4,082
up €4,082 (+31.7%), from €12,892 to €16,974
- Staff costs +€3,962
up €3,962, from -€3,712 to €250
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 | €600,195 | €582,885 | -€17,310 | -2.9% |
| Fixed assets | 21/28 | €387,807 | €429,273 | +€41,465 | +10.7% |
| Tangible fixed assets | 22/27 | €387,807 | €429,273 | +€41,465 | +10.7% |
| Land and buildings | 22 | €345,410 | €399,079 | +€53,669 | +15.5% |
| Furniture and vehicles | 24 | €42,397 | €30,193 | -€12,204 | -28.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €212,388 | €153,612 | -€58,775 | -27.7% |
| Amounts receivable after more than one year | 29 | €87,500 | €131,099 | +€43,599 | +49.8% |
| Other amounts receivable | 291 | €87,500 | €131,099 | +€43,599 | +49.8% |
| Amounts receivable within one year | 40/41 | €58,186 | €19,505 | -€38,680 | -66.5% |
| Trade receivables | 40 | €57,502 | €13,189 | -€44,313 | -77.1% |
| Other amounts receivable | 41 | €684 | €6,316 | +€5,633 | +824% |
| Cash at bank and in hand | 54/58 | €65,632 | €3,008 | -€62,624 | -95.4% |
| Deferred charges and accrued income | 490/1 | €1,070 | €0 | -€1,070 | -100% |
| Total equity and liabilities | 10/49 | €600,195 | €582,885 | -€17,310 | -2.9% |
| Equity | 10/15 | €205,406 | €210,943 | +€5,536 | +2.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €201,406 | €206,943 | +€5,536 | +2.7% |
| Distributable reserves | 133 | €201,406 | €206,943 | +€5,536 | +2.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €394,788 | €371,942 | -€22,846 | -5.8% |
| Amounts payable after more than one year | 17 | €328,213 | €303,386 | -€24,827 | -7.6% |
| Financial debts | 170/4 | €328,213 | €303,386 | -€24,827 | -7.6% |
| Amounts payable within one year | 42/48 | €62,041 | €63,760 | +€1,719 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €35,805 | €26,426 | -€9,379 | -26.2% |
| Financial debts | 43 | €3,180 | €3,265 | +€85 | +2.7% |
| Other loans | 439 | €3,180 | €3,265 | +€85 | +2.7% |
| Trade debts | 44 | €11,706 | €4,951 | -€6,755 | -57.7% |
| Suppliers | 440/4 | €11,706 | €4,951 | -€6,755 | -57.7% |
| Taxes, remuneration and social security | 45 | €9,340 | €9,561 | +€221 | +2.4% |
| Taxes | 450/3 | €9,340 | €9,561 | +€221 | +2.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,010 | €19,558 | +€17,548 | +873% |
| Accrued charges and deferred income | 492/3 | €4,534 | €4,796 | +€262 | +5.8% |
| Remuneration, social security and pensions | 62 | -€3,712 | €250 | +€3,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,708 | €32,187 | +€7,479 | +30.3% |
| Other operating charges | 640/8 | €3,729 | €3,912 | +€183 | +4.9% |
| Gross operating margin | 9900 | €63,217 | €90,934 | +€27,718 | +43.8% |
| Operating profit (loss) | 9901 | €38,491 | €54,585 | +€16,093 | +41.8% |
| Financial income | 75/76B | €2,169 | €5,461 | +€3,292 | +152% |
| Recurring financial income | 75 | €2,169 | €5,461 | +€3,292 | +152% |
| Financial charges | 65/66B | €12,892 | €16,974 | +€4,082 | +31.7% |
| Recurring financial charges | 65 | €12,892 | €16,974 | +€4,082 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €27,768 | €43,071 | +€15,303 | +55.1% |
| Income taxes | 67/77 | €7,497 | €12,607 | +€5,110 | +68.2% |
| Profit (loss) for the period | 9904 | €20,271 | €30,465 | +€10,193 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,271 | €30,465 | +€10,193 | +50.3% |
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 16 October 2026 via checked.be.