diff --git a/crates/cheatcodes/src/evm.rs b/crates/cheatcodes/src/evm.rs
index a7e7bec8ce409..6c1a4718512d7 100644
--- a/crates/cheatcodes/src/evm.rs
+++ b/crates/cheatcodes/src/evm.rs
@@ -106,10 +106,8 @@ struct BalanceDiff {
 #[serde(rename_all = "camelCase")]
 struct AccountStateDiffs {
     /// Address label, if any set.
-    #[serde(skip_serializing_if = "Option::is_none")]
     label: Option<String>,
     /// Account balance changes.
-    #[serde(skip_serializing_if = "Option::is_none")]
     balance_diff: Option<BalanceDiff>,
     /// State changes, per slot.
     state_diff: BTreeMap<B256, SlotStateDiff>,
@@ -1152,16 +1150,21 @@ fn get_recorded_state_diffs(state: &mut Cheatcodes) -> BTreeMap<Address, Account
                         label: state.labels.get(&account_access.account).cloned(),
                         ..Default::default()
                     });
-                // Update balance diff. Do not overwrite the initial balance if already set.
-                if let Some(diff) = &mut account_diff.balance_diff {
-                    diff.new_value = account_access.newBalance;
-                } else {
-                    account_diff.balance_diff = Some(BalanceDiff {
-                        previous_value: account_access.oldBalance,
-                        new_value: account_access.newBalance,
-                    });
+
+                // Record account balance diffs.
+                if account_access.oldBalance != account_access.newBalance {
+                    // Update balance diff. Do not overwrite the initial balance if already set.
+                    if let Some(diff) = &mut account_diff.balance_diff {
+                        diff.new_value = account_access.newBalance;
+                    } else {
+                        account_diff.balance_diff = Some(BalanceDiff {
+                            previous_value: account_access.oldBalance,
+                            new_value: account_access.newBalance,
+                        });
+                    }
                 }
 
+                // Record account state diffs.
                 for storage_access in &account_access.storageAccesses {
                     if storage_access.isWrite && !storage_access.reverted {
                         // Update state diff. Do not overwrite the initial value if already set.
diff --git a/testdata/default/cheats/RecordAccountAccesses.t.sol b/testdata/default/cheats/RecordAccountAccesses.t.sol
index 9d8d50ae7421d..8de7bcdc5bd31 100644
--- a/testdata/default/cheats/RecordAccountAccesses.t.sol
+++ b/testdata/default/cheats/RecordAccountAccesses.t.sol
@@ -269,7 +269,7 @@ contract RecordAccountAccessesTest is DSTest {
         );
         string memory diffsJson = cheats.getStateDiffJson();
         assertEq(
-            "{\"0x5991a2df15a8f6a256d3ec51e99254cd3fb576a9\":{\"balanceDiff\":{\"previousValue\":\"0x0\",\"newValue\":\"0x0\"},\"stateDiff\":{\"0x00000000000000000000000000000000000000000000000000000000000004d3\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x000000000000000000000000000000000000000000000000000000000000162e\"}}},\"0xc7183455a4c133ae270771860664b6b7ec320bb1\":{\"balanceDiff\":{\"previousValue\":\"0x0\",\"newValue\":\"0x0\"},\"stateDiff\":{\"0x000000000000000000000000000000000000000000000000000000000000162e\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x00000000000000000000000000000000000000000000000000000000000004d2\"}}}}",
+            "{\"0x5991a2df15a8f6a256d3ec51e99254cd3fb576a9\":{\"label\":null,\"balanceDiff\":null,\"stateDiff\":{\"0x00000000000000000000000000000000000000000000000000000000000004d3\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x000000000000000000000000000000000000000000000000000000000000162e\"}}},\"0xc7183455a4c133ae270771860664b6b7ec320bb1\":{\"label\":null,\"balanceDiff\":null,\"stateDiff\":{\"0x000000000000000000000000000000000000000000000000000000000000162e\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x00000000000000000000000000000000000000000000000000000000000004d2\"}}}}",
             diffsJson
         );
         Vm.AccountAccess[] memory called = filterExtcodesizeForLegacyTests(cheats.stopAndReturnStateDiff());
@@ -347,6 +347,11 @@ contract RecordAccountAccessesTest is DSTest {
             "0x000000000000000000000000000000000000162e\n- balance diff: 0 \xE2\x86\x92 1000000000000000000\n\n0x1d1499e622D69689cdf9004d05Ec547d650Ff211\n- balance diff: 0 \xE2\x86\x92 2000000000000000000\n\n",
             cheats.getStateDiff()
         );
+        assertEq(
+            "{\"0x000000000000000000000000000000000000162e\":{\"label\":null,\"balanceDiff\":{\"previousValue\":\"0x0\",\"newValue\":\"0xde0b6b3a7640000\"},\"stateDiff\":{}},\"0x1d1499e622d69689cdf9004d05ec547d650ff211\":{\"label\":null,\"balanceDiff\":{\"previousValue\":\"0x0\",\"newValue\":\"0x1bc16d674ec80000\"},\"stateDiff\":{}}}",
+            cheats.getStateDiffJson()
+        );
+
         Vm.AccountAccess[] memory called = filterExtcodesizeForLegacyTests(cheats.stopAndReturnStateDiff());
         assertEq(called.length, 6);
         assertEq(
@@ -470,6 +475,10 @@ contract RecordAccountAccessesTest is DSTest {
             "0x00000000000000000000000000000000000004d2\n- balance diff: 0 \xE2\x86\x92 100000000000000000\n\n",
             cheats.getStateDiff()
         );
+        assertEq(
+            "{\"0x00000000000000000000000000000000000004d2\":{\"label\":null,\"balanceDiff\":{\"previousValue\":\"0x0\",\"newValue\":\"0x16345785d8a0000\"},\"stateDiff\":{}}}",
+            cheats.getStateDiffJson()
+        );
         Vm.AccountAccess[] memory called = filterExtcodesizeForLegacyTests(cheats.stopAndReturnStateDiff());
         assertEq(called.length, 2);
         assertEq(
@@ -793,7 +802,7 @@ contract RecordAccountAccessesTest is DSTest {
             cheats.getStateDiff()
         );
         assertEq(
-            "{\"0x2e234dae75c793f67a35089c9d99245e1c58470b\":{\"label\":\"NestedStorer\",\"balanceDiff\":{\"previousValue\":\"0x0\",\"newValue\":\"0x0\"},\"stateDiff\":{\"0x4566fa0cd03218c55bba914d793f5e6b9113172c1f684bb5f464c08c867e8977\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x0000000000000000000000000000000000000000000000000000000000000001\"},\"0xbf57896b60daefa2c41de2feffecfc11debd98ea8c913a5170f60e53959ac00a\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x0000000000000000000000000000000000000000000000000000000000000001\"},\"0xc664893a982d78bbeab379feef216ff517b7ea73626b280723be1ace370364cd\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x0000000000000000000000000000000000000000000000000000000000000001\"},\"0xdc5330afa9872081253545dca3f448752688ff1b098b38c1abe4c4cdff4b0b0e\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x0000000000000000000000000000000000000000000000000000000000000001\"}}}}",
+            "{\"0x2e234dae75c793f67a35089c9d99245e1c58470b\":{\"label\":\"NestedStorer\",\"balanceDiff\":null,\"stateDiff\":{\"0x4566fa0cd03218c55bba914d793f5e6b9113172c1f684bb5f464c08c867e8977\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x0000000000000000000000000000000000000000000000000000000000000001\"},\"0xbf57896b60daefa2c41de2feffecfc11debd98ea8c913a5170f60e53959ac00a\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x0000000000000000000000000000000000000000000000000000000000000001\"},\"0xc664893a982d78bbeab379feef216ff517b7ea73626b280723be1ace370364cd\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x0000000000000000000000000000000000000000000000000000000000000001\"},\"0xdc5330afa9872081253545dca3f448752688ff1b098b38c1abe4c4cdff4b0b0e\":{\"previousValue\":\"0x0000000000000000000000000000000000000000000000000000000000000000\",\"newValue\":\"0x0000000000000000000000000000000000000000000000000000000000000001\"}}}}",
             cheats.getStateDiffJson()
         );
         Vm.AccountAccess[] memory called = filterExtcodesizeForLegacyTests(cheats.stopAndReturnStateDiff());