B A L Germany : Annual financial statements 2023

Thomas Thieme	Marienhofstraße 3
	01662 Meißen

ANNUAL FINANCIAL STATEMENTS

at 31. December 2023

B-A-L Germany AG

Verwaltung eigenen Vermögens

Poststraße 5

01662 Meißen

Tax office: Meißen

Tax No.:

209/100/02393

Page 1

Balance sheet as at 31/12/2023

B-A-L Germany AG Verwaltung eigenen Vermögens, Meißen

ASSETS

	Financial Year	Prior Year
EUR	EUR	EUR

1. Noncurrent assets

I. Intangible fixed assets

1. Purchased licences, trademarks and similar rights

and values as well as licenses to such rights and
values	3,789.00	10,284.00

1. Tangible fixed assets

1. Properties, rights equivalent to real property and

	buildings, including buildings on third-party land	2,678,449.56				2,497,807.99
2.	Other equipment, operating and office equipment	3.00				3.00
3.	Advance payments made and construction in
	progress	232,862.18				137,670.14
		2,911,314.74		2,635,481.13
Total noncurrent asset	2,915,103.74		2,645,765.13

1. Current assets

I. Receivables and other assets

1.	Trade receivables	237,424.79	231,155.80
2.	Other assets	199,897.07	158,159.86

• of which remaining term greater than 1 year EUR 150,944.88 (EUR 133,157.66)

	437,321.86	389,315.66
II. Cash on hand, central bank balances, bank
balances, and checks	19,233.59	97,378.84
Total current assets	456,555.45	486,694.50
C. Prepaid expenses	24,144.63	9,980.81
	3,395,803.82	3,142,440.44

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Page 2

Balance sheet as at 31/12/2023

B-A-L Germany AG Verwaltung eigenen Vermögens, Meißen

TOTAL EQUITY AND LIABILITIES

			Financial Year	Prior Year
		EUR		EUR	EUR
A. Equity
I.	Subscribed capital		2,000,000.00		2,000,000.00
II.	Capital reserves		560,000.00		560,000.00
III. Accumulated losses brought forward		329,292.48		322,184.84
IV.	Net income for the financial year		28,453.78		7,107.64-
Total equity		2,259,161.30		2,230,707.52
B. Provisions
1.	Other provisions		16,743.00		13,244.92
C. Liabilities
1.	Liabilities to financial institutions	234,632.48				50,147.67

• of which remaining term up to 1 year EUR 0.00 (EUR 147.67)
• of which remaining term greater than 1 year EUR 234,632.48 (EUR 50,000.00)

2. Trade payables

106,225.99

72,470.81

• of which remaining term up to 1 year EUR 106,225.99 (EUR 72,470.81)

3. Other liabilities

772,973.47

770,465.52

• of which taxes EUR 0.00 (EUR 196.33)
• of which remaining term up to 1 year EUR 408,293.90 (EUR 405,283.96)
• of which remaining term greater than 1 year EUR 364,679.57 (EUR 365,181.56)

	1,113,831.94	893,084.00
D. Prepaid expenses	6,067.58	5,404.00
	3,395,803.82	3,142,440.44

Commercial law

								Page 3
Income statement from 01/01/2023 to 31/12/2023
B-A-L Germany AG Verwaltung eigenen Vermögens, Meißen
				Financial Year		Prior Year
		EUR		EUR		EUR
1.	Sales			348,039.14		303,772.43
2.	Gross revenue			348,039.14		303,772.43
3.	Other operating income
a)	Income from reversal of provisions	196.92					835.00
b)	Miscellaneous other operating income	73,926.47						23,150.90
				74,123.39		23,985.90

4. Cost of materials

1. Cost of raw materials, consumables and

	supplies, and of purchased merchandise	27.75-		29.45-
b) Expenses for purchased services		0.00			1,300.00
		27.75-	1,270.55
5.	Personnel expenses
a)	Wages and salaries	6,364.80		6,916.59
b) Social security contributions and expenses for
	pensions and other benefits	3,269.18		4,388.02
		9,633.98	11,304.61

6. Depreciation and amortization

1. Of noncurrent intangible assets and property,

plant and equipment

92,274.78

57,364.33

• of which extraordinary write-downs EUR 30,260.96 (EUR 0.00)

7. Other operating expenses

a)	Occupancy costs	179,215.21				156,152.99
b)	Insurance premiums, fees and contributions	658.76				397.50
c)	Cost of third-party repairs and maintenance	23,976.59				18,088.82
d)	Advertising and travel expenses	250.79				118.66
e)	Selling and distribution expenses	6,568.80				6,009.50
f)	Miscellaneous operating costs	34,171.20				46,926.60
g)	Miscellaneous other operating expenses	14,018.01				18,997.11
			258,859.36		246,691.18
8.	other interest and similar income	297.47		216.61
9.	Interest and similar expenses	26,769.06		12,598.94
10.	Taxes on income and earnings	0.59-		1.79
11.	Net income/net loss after tax	34,951.16		1,256.46-
12.		Other taxes	6,497.38		5,851.18
13.		Net income for the financial year	28,453.78		7,107.64-

Commercial law