BALZ: 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.
BALZ
Largest movements
- Cash +€57,623
up €57,623 (+183.7%), from €31,360 to €88,982
mainly Net result for the year (+€41,826) and Depreciation (+€14,967)
- Receivables within one year -€13,312
down €13,312 (-50.0%), from €26,622 to €13,310
of which Trade receivables: -€13,310
- Tangible fixed assets -€9,054
down €9,054 (-34.1%), from €26,564 to €17,510
of which Furniture and vehicles: -€10,077
- Reserves +€40,993
up €40,993 (+24.8%), from €165,478 to €206,471
- Current portion of long-term debt -€9,167
down €9,167 (-100.0%), from €9,167 to €0
- Other debts +€5,068
up €5,068 (+199.5%), from €2,540 to €7,608
- Taxes -€4,352
down €4,352 (-16.5%), from €26,456 to €22,104
- Gross operating margin -€4,248
down €4,248 (-5.0%), from €84,306 to €80,058
- Depreciation +€926
up €926 (+6.6%), from €14,041 to €14,967
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 | €191,419 | €226,295 | +€34,876 | +18.2% |
| Fixed assets | 21/28 | €133,045 | €123,992 | -€9,054 | -6.8% |
| Tangible fixed assets | 22/27 | €26,564 | €17,510 | -€9,054 | -34.1% |
| Plant, machinery and equipment | 23 | - | €1,023 | +€1,023 | |
| Furniture and vehicles | 24 | €26,564 | €16,487 | -€10,077 | -37.9% |
| Financial fixed assets | 28 | €106,481 | €106,481 | = | 0.0% |
| Current assets | 29/58 | €58,373 | €102,303 | +€43,930 | +75.3% |
| Amounts receivable within one year | 40/41 | €26,622 | €13,310 | -€13,312 | -50.0% |
| Trade receivables | 40 | €26,620 | €13,310 | -€13,310 | -50.0% |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,360 | €88,982 | +€57,623 | +183.7% |
| Deferred charges and accrued income | 490/1 | €391 | €11 | -€381 | -97.3% |
| Total equity and liabilities | 10/49 | €191,419 | €226,295 | +€34,876 | +18.2% |
| Equity | 10/15 | €170,478 | €211,471 | +€40,993 | +24.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €165,478 | €206,471 | +€40,993 | +24.8% |
| Distributable reserves | 133 | €165,478 | €206,471 | +€40,993 | +24.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,941 | €14,824 | -€6,117 | -29.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €20,941 | €14,824 | -€6,117 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €9,167 | €0 | -€9,167 | -100.0% |
| Trade debts | 44 | €355 | €387 | +€32 | +8.9% |
| Suppliers | 440/4 | €355 | €387 | +€32 | +8.9% |
| Taxes, remuneration and social security | 45 | €8,879 | €6,829 | -€2,050 | -23.1% |
| Taxes | 450/3 | €7,524 | €6,829 | -€695 | -9.2% |
| Remuneration and social security | 454/9 | €1,355 | €0 | -€1,355 | -100.0% |
| Other amounts payable | 47/48 | €2,540 | €7,608 | +€5,068 | +199.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,041 | €14,967 | +€926 | +6.6% |
| Other operating charges | 640/8 | €563 | €879 | +€316 | +56.2% |
| Gross operating margin | 9900 | €84,306 | €80,058 | -€4,248 | -5.0% |
| Operating profit (loss) | 9901 | €69,702 | €64,212 | -€5,490 | -7.9% |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.7% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.7% |
| Financial charges | 65/66B | €397 | €282 | -€115 | -28.9% |
| Recurring financial charges | 65 | €397 | €282 | -€115 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €69,314 | €63,930 | -€5,384 | -7.8% |
| Income taxes | 67/77 | €26,456 | €22,104 | -€4,352 | -16.5% |
| Profit (loss) for the period | 9904 | €42,858 | €41,826 | -€1,032 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,858 | €41,826 | -€1,032 | -2.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.