BALZAT: 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.
BALZAT
Largest movements
- Deferred charges and accrued income +€29,943
up €29,943 (+52624.1%), from €57 to €30,000
- Debts after one year -€81,906
down €81,906 (-27.6%), from €296,783 to €214,877
- Profit (loss) carried forward +€51,321
up €51,321 (+374.0%), from €13,724 to €65,045
- Current portion of long-term debt +€43,614
new in 2025: €43,614
- Tax, wage and social debts +€10,238
up €10,238 (+96.0%), from €10,663 to €20,901
- Gross operating margin +€66,562
up €66,562 (+345.8%), from €19,251 to €85,813
- Taxes +€16,718
up €16,718 (+668.7%), from €2,500 to €19,218
- Financial charges +€7,736
up €7,736 (+118.5%), from €6,529 to €14,265
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 | €394,541 | €420,471 | +€25,930 | +6.6% |
| Fixed assets | 21/28 | €375,578 | €374,968 | -€609 | -0.2% |
| Tangible fixed assets | 22/27 | €1,881 | €1,271 | -€609 | -32.4% |
| Furniture and vehicles | 24 | €1,881 | €1,271 | -€609 | -32.4% |
| Financial fixed assets | 28 | €373,697 | €373,697 | = | 0.0% |
| Current assets | 29/58 | €18,963 | €45,503 | +€26,539 | +140.0% |
| Amounts receivable within one year | 40/41 | €14,556 | €12,523 | -€2,033 | -14.0% |
| Trade receivables | 40 | €14,015 | €12,503 | -€1,512 | -10.8% |
| Other amounts receivable | 41 | €541 | €20 | -€521 | -96.3% |
| Cash at bank and in hand | 54/58 | €4,350 | €2,979 | -€1,371 | -31.5% |
| Deferred charges and accrued income | 490/1 | €57 | €30,000 | +€29,943 | +52624.1% |
| Total equity and liabilities | 10/49 | €394,541 | €420,471 | +€25,930 | +6.6% |
| Equity | 10/15 | €15,724 | €67,045 | +€51,321 | +326.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,724 | €65,045 | +€51,321 | +374.0% |
| Amounts payable | 17/49 | €378,817 | €353,426 | -€25,391 | -6.7% |
| Amounts payable after more than one year | 17 | €296,783 | €214,877 | -€81,906 | -27.6% |
| Financial debts | 170/4 | €296,783 | €214,877 | -€81,906 | -27.6% |
| Amounts payable within one year | 42/48 | €82,034 | €138,549 | +€56,515 | +68.9% |
| Current portion of amounts payable after more than one year | 42 | - | €43,614 | +€43,614 | |
| Trade debts | 44 | €1,109 | €1,504 | +€395 | +35.6% |
| Suppliers | 440/4 | €1,109 | €1,504 | +€395 | +35.6% |
| Taxes, remuneration and social security | 45 | €10,663 | €20,901 | +€10,238 | +96.0% |
| Taxes | 450/3 | €10,663 | €20,901 | +€10,238 | +96.0% |
| Other amounts payable | 47/48 | €70,262 | €72,529 | +€2,267 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554 | €609 | +€55 | +9.9% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €19,251 | €85,813 | +€66,562 | +345.8% |
| Operating profit (loss) | 9901 | €18,697 | €84,803 | +€66,107 | +353.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,529 | €14,265 | +€7,736 | +118.5% |
| Recurring financial charges | 65 | €6,529 | €14,265 | +€7,736 | +118.5% |
| Profit (loss) for the period before taxes | 9903 | €12,168 | €70,539 | +€58,371 | +479.7% |
| Income taxes | 67/77 | €2,500 | €19,218 | +€16,718 | +668.7% |
| Profit (loss) for the period | 9904 | €9,668 | €51,321 | +€41,653 | +430.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,668 | €51,321 | +€41,653 | +430.8% |
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 12 October 2026 via checked.be.