BALLON BTC: 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.
BALLON BTC
Largest movements
- Receivables within one year -€152,582
down €152,582 (-83.8%), from €182,162 to €29,580
of which Other amounts receivable: -€124,808
- Tangible fixed assets -€73,415
down €73,415 (-5.9%), from €1.3m to €1.2m
of which Land and buildings: -€82,787
- Profit (loss) carried forward -€126,758
down €126,758 (-27.6%), from -€460,073 to -€586,832
- Debts after one year -€79,123
down €79,123 (-9.7%), from €816,453 to €737,330
of which Financial debts: -€80,519
- Trade debts -€19,966
down €19,966 (-50.1%), from €39,819 to €19,853
- Gross operating margin +€33,678
up €33,678, from -€20,567 to €13,110
- Financial charges +€14,625
up €14,625 (+88.1%), from €16,603 to €31,229
- Depreciation +€8,978
up €8,978 (+9.5%), from €94,197 to €103,174
- Other operating charges -€7,017
down €7,017 (-54.0%), from €12,991 to €5,974
- Financial income +€502
up €502 (+8471.8%), from €6 to €508
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,455,226 | €1,229,229 | -€225,997 | -15.5% |
| Fixed assets | 21/28 | €1,273,064 | €1,199,649 | -€73,415 | -5.8% |
| Tangible fixed assets | 22/27 | €1,250,564 | €1,177,149 | -€73,415 | -5.9% |
| Land and buildings | 22 | €1,245,123 | €1,162,336 | -€82,787 | -6.6% |
| Plant, machinery and equipment | 23 | €5,441 | €14,813 | +€9,372 | +172.2% |
| Financial fixed assets | 28 | €22,500 | €22,500 | = | 0.0% |
| Current assets | 29/58 | €182,162 | €29,580 | -€152,582 | -83.8% |
| Amounts receivable within one year | 40/41 | €182,162 | €29,580 | -€152,582 | -83.8% |
| Trade receivables | 40 | €55,365 | €27,591 | -€27,774 | -50.2% |
| Other amounts receivable | 41 | €126,797 | €1,988 | -€124,808 | -98.4% |
| Total equity and liabilities | 10/49 | €1,455,226 | €1,229,229 | -€225,997 | -15.5% |
| Equity | 10/15 | €357,743 | €230,984 | -€126,758 | -35.4% |
| Contributions | 10/11 | €815,956 | €815,956 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€460,073 | -€586,832 | -€126,758 | -27.6% |
| Amounts payable | 17/49 | €1,097,483 | €998,244 | -€99,239 | -9.0% |
| Amounts payable after more than one year | 17 | €816,453 | €737,330 | -€79,123 | -9.7% |
| Financial debts | 170/4 | €507,849 | €427,330 | -€80,519 | -15.9% |
| Other amounts payable | 178/9 | €308,604 | €310,000 | +€1,396 | +0.5% |
| Amounts payable within one year | 42/48 | €281,030 | €260,914 | -€20,116 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €233,686 | €231,590 | -€2,096 | -0.9% |
| Financial debts | 43 | €7,146 | €4,386 | -€2,760 | -38.6% |
| Credit institutions | 430/8 | €7,146 | €4,386 | -€2,760 | -38.6% |
| Trade debts | 44 | €39,819 | €19,853 | -€19,966 | -50.1% |
| Suppliers | 440/4 | €39,819 | €19,853 | -€19,966 | -50.1% |
| Taxes, remuneration and social security | 45 | €378 | €5,085 | +€4,707 | +1245.3% |
| Taxes | 450/3 | €378 | €5,085 | +€4,707 | +1245.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,197 | €103,174 | +€8,978 | +9.5% |
| Other operating charges | 640/8 | €12,991 | €5,974 | -€7,017 | -54.0% |
| Gross operating margin | 9900 | -€20,567 | €13,110 | +€33,678 | |
| Operating profit (loss) | 9901 | -€127,755 | -€96,038 | +€31,717 | +24.8% |
| Financial income | 75/76B | €6 | €508 | +€502 | +8471.8% |
| Recurring financial income | 75 | €6 | €508 | +€502 | +8471.8% |
| Financial charges | 65/66B | €16,603 | €31,229 | +€14,625 | +88.1% |
| Recurring financial charges | 65 | €16,603 | €31,229 | +€14,625 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | -€144,352 | -€126,758 | +€17,594 | +12.2% |
| Profit (loss) for the period | 9904 | -€144,352 | -€126,758 | +€17,594 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€144,352 | -€126,758 | +€17,594 | +12.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.