BALESSE: 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.
BALESSE
Largest movements
- Tangible fixed assets -€14,585
down €14,585 (-6.1%), from €237,587 to €223,003
- Cash -€13,778
down €13,778 (-8.8%), from €157,319 to €143,542
mainly Trade debts (-€58,398) and Tax, wage and social debts (-€36,966)
- Receivables within one year -€12,963
down €12,963 (-52.9%), from €24,520 to €11,556
of which Trade receivables: -€24,250
- Stocks and contracts -€10,014
down €10,014 (-10.0%), from €99,709 to €89,695
- Trade debts -€58,398
down €58,398 (-64.9%), from €89,969 to €31,570
- Reserves +€50,000
up €50,000 (+29.4%), from €170,000 to €220,000
- Tax, wage and social debts -€36,966
down €36,966 (-58.4%), from €63,281 to €26,314
of which Taxes: -€35,240
- Debts after one year -€16,124
down €16,124 (-7.4%), from €217,920 to €201,795
- Other debts +€8,591
up €8,591 (+156%), from €5,516 to €14,107
- Write-downs -€50,040
down €50,040, from €27,193 to -€22,847
- Taxes +€19,736
up €19,736 (+478%), from €4,132 to €23,868
- Gross operating margin +€17,144
up €17,144 (+13.1%), from €131,207 to €148,351
- Staff costs +€6,615
up €6,615 (+11.1%), from €59,811 to €66,425
- Financial charges +€2,194
up €2,194 (+16.0%), from €13,716 to €15,910
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 | €606,319 | €554,814 | -€51,505 | -8.5% |
| Fixed assets | 21/28 | €237,587 | €223,003 | -€14,585 | -6.1% |
| Tangible fixed assets | 22/27 | €237,587 | €223,003 | -€14,585 | -6.1% |
| Land and buildings | 22 | €175,172 | €169,333 | -€5,839 | -3.3% |
| Plant, machinery and equipment | 23 | €3,206 | €2,611 | -€595 | -18.6% |
| Furniture and vehicles | 24 | €9,597 | €8,071 | -€1,525 | -15.9% |
| Other tangible fixed assets | 26 | €49,613 | €42,988 | -€6,625 | -13.4% |
| Current assets | 29/58 | €368,731 | €331,811 | -€36,921 | -10.0% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €99,709 | €89,695 | -€10,014 | -10.0% |
| Stocks | 30/36 | €99,709 | €89,695 | -€10,014 | -10.0% |
| Amounts receivable within one year | 40/41 | €24,520 | €11,556 | -€12,963 | -52.9% |
| Trade receivables | 40 | €24,250 | €0 | -€24,250 | -100% |
| Other amounts receivable | 41 | €269 | €11,556 | +€11,287 | +4,188% |
| Cash at bank and in hand | 54/58 | €157,319 | €143,542 | -€13,778 | -8.8% |
| Deferred charges and accrued income | 490/1 | €7,183 | €7,017 | -€166 | -2.3% |
| Total equity and liabilities | 10/49 | €606,319 | €554,814 | -€51,505 | -8.5% |
| Equity | 10/15 | €212,793 | €264,473 | +€51,680 | +24.3% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €170,000 | €220,000 | +€50,000 | +29.4% |
| Distributable reserves | 133 | €170,000 | €220,000 | +€50,000 | +29.4% |
| Profit (loss) carried forward | 14 | €24,793 | €26,473 | +€1,680 | +6.8% |
| Amounts payable | 17/49 | €393,526 | €290,341 | -€103,185 | -26.2% |
| Amounts payable after more than one year | 17 | €217,920 | €201,795 | -€16,124 | -7.4% |
| Financial debts | 170/4 | €217,920 | €201,795 | -€16,124 | -7.4% |
| Amounts payable within one year | 42/48 | €174,174 | €88,115 | -€86,059 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €15,409 | €16,124 | +€715 | +4.6% |
| Trade debts | 44 | €89,969 | €31,570 | -€58,398 | -64.9% |
| Suppliers | 440/4 | €89,969 | €31,570 | -€58,398 | -64.9% |
| Taxes, remuneration and social security | 45 | €63,281 | €26,314 | -€36,966 | -58.4% |
| Taxes | 450/3 | €48,502 | €13,262 | -€35,240 | -72.7% |
| Remuneration and social security | 454/9 | €14,779 | €13,053 | -€1,726 | -11.7% |
| Other amounts payable | 47/48 | €5,516 | €14,107 | +€8,591 | +156% |
| Accrued charges and deferred income | 492/3 | €1,432 | €430 | -€1,002 | -70.0% |
| Remuneration, social security and pensions | 62 | €59,811 | €66,425 | +€6,615 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,322 | €17,266 | +€945 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,193 | -€22,847 | -€50,040 | |
| Other operating charges | 640/8 | €1,488 | €504 | -€985 | -66.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €131,207 | €148,351 | +€17,144 | +13.1% |
| Operating profit (loss) | 9901 | €26,393 | €87,002 | +€60,609 | +230% |
| Financial income | 75/76B | €3,125 | €4,456 | +€1,331 | +42.6% |
| Recurring financial income | 75 | €3,125 | €4,456 | +€1,331 | +42.6% |
| Financial charges | 65/66B | €13,716 | €15,910 | +€2,194 | +16.0% |
| Recurring financial charges | 65 | €13,716 | €15,910 | +€2,194 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €15,802 | €75,548 | +€59,746 | +378% |
| Income taxes | 67/77 | €4,132 | €23,868 | +€19,736 | +478% |
| Profit (loss) for the period | 9904 | €11,671 | €51,680 | +€40,010 | +343% |
| Profit (loss) for the period to be appropriated | 9905 | €11,671 | €51,680 | +€40,010 | +343% |
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 20 October 2026 via checked.be.