BALZAMO: 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.
BALZAMO
Largest movements
- Cash +€41,212
up €41,212 (+1,669%), from €2,469 to €43,680
mainly Other debts (+€25,000) and Net result for the year (+€12,742)
- Deferred charges and accrued income +€6,103
new in 2025: €6,103
- Tangible fixed assets -€5,586
down €5,586 (-3.2%), from €174,415 to €168,828
- Other debts +€25,000
up €25,000 (+230%), from €10,854 to €35,854
- Profit (loss) carried forward +€12,742
up €12,742 (+69.9%), from €18,233 to €30,975
- Tax, wage and social debts +€2,370
up €2,370 (+285%), from €830 to €3,200
- Gross operating margin +€12,901
up €12,901 (+109%), from €11,802 to €24,703
- Taxes +€2,370
up €2,370 (+285%), from €830 to €3,200
- Other operating charges -€1,262
down €1,262 (-29.6%), from €4,256 to €2,994
- Depreciation -€601
down €601 (-9.7%), from €6,188 to €5,586
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 | €176,883 | €218,611 | +€41,728 | +23.6% |
| Fixed assets | 21/28 | €174,415 | €168,828 | -€5,586 | -3.2% |
| Tangible fixed assets | 22/27 | €174,415 | €168,828 | -€5,586 | -3.2% |
| Land and buildings | 22 | €174,415 | €168,828 | -€5,586 | -3.2% |
| Current assets | 29/58 | €2,469 | €49,783 | +€47,314 | +1,917% |
| Cash at bank and in hand | 54/58 | €2,469 | €43,680 | +€41,212 | +1,669% |
| Deferred charges and accrued income | 490/1 | - | €6,103 | +€6,103 | |
| Total equity and liabilities | 10/49 | €176,883 | €218,611 | +€41,728 | +23.6% |
| Equity | 10/15 | €165,199 | €177,941 | +€12,742 | +7.7% |
| Contributions | 10/11 | €18,454 | €18,454 | = | 0.0% |
| Capital | 10 | €18,454 | €18,454 | = | 0.0% |
| Issued capital | 100 | €18,454 | €18,454 | = | 0.0% |
| Reserves | 13 | €128,511 | €128,511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,845 | €1,845 | = | 0.0% |
| Legal reserve | 130 | €1,845 | €1,845 | = | 0.0% |
| Distributable reserves | 133 | €126,666 | €126,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,233 | €30,975 | +€12,742 | +69.9% |
| Amounts payable | 17/49 | €11,684 | €40,670 | +€28,986 | +248% |
| Amounts payable within one year | 42/48 | €11,684 | €40,670 | +€28,986 | +248% |
| Trade debts | 44 | - | €1,616 | +€1,616 | |
| Suppliers | 440/4 | - | €1,616 | +€1,616 | |
| Taxes, remuneration and social security | 45 | €830 | €3,200 | +€2,370 | +285% |
| Taxes | 450/3 | €830 | €3,200 | +€2,370 | +285% |
| Other amounts payable | 47/48 | €10,854 | €35,854 | +€25,000 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,188 | €5,586 | -€601 | -9.7% |
| Other operating charges | 640/8 | €4,256 | €2,994 | -€1,262 | -29.6% |
| Gross operating margin | 9900 | €11,802 | €24,703 | +€12,901 | +109% |
| Operating profit (loss) | 9901 | €1,358 | €16,122 | +€14,764 | +1,087% |
| Financial charges | 65/66B | €77 | €180 | +€103 | +134% |
| Recurring financial charges | 65 | €77 | €180 | +€103 | +134% |
| Profit (loss) for the period before taxes | 9903 | €1,281 | €15,942 | +€14,661 | +1,145% |
| Income taxes | 67/77 | €830 | €3,200 | +€2,370 | +285% |
| Profit (loss) for the period | 9904 | €451 | €12,742 | +€12,291 | +2,728% |
| Profit (loss) for the period to be appropriated | 9905 | €451 | €12,742 | +€12,291 | +2,728% |
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 14 October 2026 via checked.be.