[1] During the 1790s, the Gouma school faced serious financial difficulties, but Balanos managed to find new sponsors among the prosperous Ioannite diaspora and especially the Zosimades brothers.

He also became involved in a personal conflict with the progressive scholar Athanasios Psalidas, schoolmaster of the Kaplaneios School in the same city, whom he denounced to the local ruler, Ali Pasha, as an atheist and voltairianist.

[3] In 1798 Balanos published in Vienna the work Έκθεσις συνοπτικής αριθμητικής, αλγέβρης και χρονολογίας (Concise Exposition of Arithmetics, Algebra and Chronology).

[1] Balanos also wrote various texts about the social conditions of the region he lived, like describing the forced 18th century Islamizations of local Christians by the Ottoman authorities.

Many of these works remained unpublished and were burned with the destruction of the Balanos family library during Ali Pasha's defeat by the Sultan's forces in 1822.