LA BALZANE: 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 BALZANE
Largest movements
- Tangible fixed assets -€5,597
down €5,597 (-4.5%), from €125,523 to €119,925
of which Land and buildings: -€3,797
- Receivables within one year +€4,538
up €4,538 (+1,136%), from €399 to €4,937
- Stocks and contracts +€1,605
up €1,605 (+35.8%), from €4,487 to €6,092
- Other debts +€2,717
up €2,717 (+3.0%), from €90,941 to €93,658
- Profit (loss) carried forward -€1,443
down €1,443 (-1.5%), from -€96,042 to -€97,485
- Gross operating margin +€3,304
up €3,304 (+131%), from €2,525 to €5,828
- Financial charges -€115
down €115 (-23.7%), from €486 to €371
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 | €131,367 | €133,059 | +€1,692 | +1.3% |
| Fixed assets | 21/28 | €125,701 | €120,103 | -€5,597 | -4.5% |
| Tangible fixed assets | 22/27 | €125,523 | €119,925 | -€5,597 | -4.5% |
| Land and buildings | 22 | €122,566 | €118,768 | -€3,797 | -3.1% |
| Furniture and vehicles | 24 | €2,957 | €1,157 | -€1,800 | -60.9% |
| Financial fixed assets | 28 | €178 | €178 | = | 0.0% |
| Current assets | 29/58 | €5,666 | €12,956 | +€7,290 | +129% |
| Stocks and contracts in progress | 3 | €4,487 | €6,092 | +€1,605 | +35.8% |
| Stocks | 30/36 | €4,487 | €6,092 | +€1,605 | +35.8% |
| Amounts receivable within one year | 40/41 | €399 | €4,937 | +€4,538 | +1,136% |
| Trade receivables | 40 | €399 | €4,937 | +€4,538 | +1,136% |
| Cash at bank and in hand | 54/58 | €717 | €1,863 | +€1,146 | +160% |
| Deferred charges and accrued income | 490/1 | €64 | €65 | +€2 | +2.4% |
| Total equity and liabilities | 10/49 | €131,367 | €133,059 | +€1,692 | +1.3% |
| Equity | 10/15 | €38,367 | €36,923 | -€1,443 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €113,949 | €113,949 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,042 | -€97,485 | -€1,443 | -1.5% |
| Amounts payable | 17/49 | €93,000 | €96,136 | +€3,136 | +3.4% |
| Amounts payable within one year | 42/48 | €93,000 | €96,110 | +€3,110 | +3.3% |
| Financial debts | 43 | €617 | €1,681 | +€1,064 | +172% |
| Credit institutions | 430/8 | €617 | €1,681 | +€1,064 | +172% |
| Trade debts | 44 | €428 | €115 | -€313 | -73.0% |
| Suppliers | 440/4 | €428 | €115 | -€313 | -73.0% |
| Taxes, remuneration and social security | 45 | €1,014 | €656 | -€358 | -35.3% |
| Taxes | 450/3 | €1,014 | €656 | -€358 | -35.3% |
| Other amounts payable | 47/48 | €90,941 | €93,658 | +€2,717 | +3.0% |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,597 | €5,597 | = | 0.0% |
| Other operating charges | 640/8 | €1,270 | €1,306 | +€36 | +2.8% |
| Gross operating margin | 9900 | €2,525 | €5,828 | +€3,304 | +131% |
| Operating profit (loss) | 9901 | -€4,343 | -€1,075 | +€3,268 | +75.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €486 | €371 | -€115 | -23.7% |
| Recurring financial charges | 65 | €486 | €371 | -€115 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,829 | -€1,443 | +€3,386 | +70.1% |
| Profit (loss) for the period | 9904 | -€4,829 | -€1,443 | +€3,386 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,829 | -€1,443 | +€3,386 | +70.1% |
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 13 October 2026 via checked.be.