LA BALISTER: 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.
LA BALISTER
Largest movements
- Receivables within one year +€206,066
up €206,066 (+393%), from €52,384 to €258,450
of which Trade receivables: +€199,001
- Stocks and contracts +€112,830
new in 2025: €112,830
- Trade debts +€136,402
up €136,402 (+409%), from €33,360 to €169,762
- Other debts +€111,950
up €111,950 (+71.3%), from €156,913 to €268,863
- Profit (loss) carried forward +€51,005
up €51,005 (+26.5%), from -€192,468 to -€141,463
- Tax, wage and social debts +€16,316
up €16,316 (+38.3%), from €42,582 to €58,897
- Gross operating margin +€206,774
up €206,774, from -€152,704 to €54,070
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 | €60,387 | €376,073 | +€315,686 | +523% |
| Fixed assets | 21/28 | €4,353 | €4,793 | +€440 | +10.1% |
| Tangible fixed assets | 22/27 | €1,003 | €1,593 | +€590 | +58.8% |
| Furniture and vehicles | 24 | €1,003 | €1,593 | +€590 | +58.8% |
| Financial fixed assets | 28 | €3,350 | €3,200 | -€150 | -4.5% |
| Current assets | 29/58 | €56,034 | €371,280 | +€315,246 | +563% |
| Stocks and contracts in progress | 3 | - | €112,830 | +€112,830 | |
| Stocks | 30/36 | - | €112,830 | +€112,830 | |
| Amounts receivable within one year | 40/41 | €52,384 | €258,450 | +€206,066 | +393% |
| Trade receivables | 40 | €25,651 | €224,652 | +€199,001 | +776% |
| Other amounts receivable | 41 | €26,732 | €33,798 | +€7,066 | +26.4% |
| Cash at bank and in hand | 54/58 | €3,650 | €0 | -€3,650 | -100% |
| Total equity and liabilities | 10/49 | €60,387 | €376,073 | +€315,686 | +523% |
| Equity | 10/15 | -€172,468 | -€121,463 | +€51,005 | +29.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,468 | -€141,463 | +€51,005 | +26.5% |
| Amounts payable | 17/49 | €232,855 | €497,536 | +€264,681 | +114% |
| Amounts payable within one year | 42/48 | €232,855 | €497,536 | +€264,681 | +114% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €33,360 | €169,762 | +€136,402 | +409% |
| Suppliers | 440/4 | €33,360 | €169,762 | +€136,402 | +409% |
| Taxes, remuneration and social security | 45 | €42,582 | €58,897 | +€16,316 | +38.3% |
| Taxes | 450/3 | €42,582 | €58,897 | +€16,316 | +38.3% |
| Other amounts payable | 47/48 | €156,913 | €268,863 | +€111,950 | +71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €440 | +€140 | +46.5% |
| Other operating charges | 640/8 | €0 | €960 | +€960 | |
| Gross operating margin | 9900 | -€152,704 | €54,070 | +€206,774 | |
| Operating profit (loss) | 9901 | -€153,004 | €52,670 | +€205,674 | |
| Financial income | 75/76B | €923 | €866 | -€57 | -6.2% |
| Recurring financial income | 75 | €923 | €866 | -€57 | -6.2% |
| Financial charges | 65/66B | €2,394 | €2,531 | +€137 | +5.7% |
| Recurring financial charges | 65 | €2,394 | €2,531 | +€137 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€154,475 | €51,005 | +€205,480 | |
| Profit (loss) for the period | 9904 | -€154,475 | €51,005 | +€205,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€154,475 | €51,005 | +€205,480 |
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 15 October 2026 via checked.be.