BALLON EXPRESS INTERNATIONAL: what changed
BALLON EXPRESS INTERNATIONAL
Largest movements
- Cash +€44,346
up €44,346 (+22.0%), from €201,996 to €246,342
mainly Trade debts (+€61,456) and Depreciation (+€20,204)
- Receivables within one year +€32,278
up €32,278 (+142%), from €22,671 to €54,950
of which Trade receivables: +€20,428
- Stocks and contracts -€13,345
down €13,345 (-88.3%), from €15,120 to €1,775
- Tangible fixed assets +€5,573
up €5,573 (+8.4%), from €66,667 to €72,240
of which Land and buildings: +€17,109
- Trade debts +€61,456
up €61,456 (+96.4%), from €63,780 to €125,236
- Other debts +€4,329
up €4,329 (+329%), from €1,315 to €5,644
- Gross operating margin +€8,592
up €8,592 (+11.4%), from €75,141 to €83,733
- Staff costs +€6,250
up €6,250 (+12.3%), from €50,769 to €57,019
- Other operating charges +€4,122
new in 2025: €4,122
- Taxes -€3,803
down €3,803 (-76.1%), from €5,000 to €1,197
- Depreciation +€2,398
up €2,398 (+13.5%), from €17,806 to €20,204
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,455 | €375,307 | +€68,852 | +22.5% |
| Fixed assets | 21/28 | €66,667 | €72,240 | +€5,573 | +8.4% |
| Tangible fixed assets | 22/27 | €66,667 | €72,240 | +€5,573 | +8.4% |
| Land and buildings | 22 | €43,596 | €60,705 | +€17,109 | +39.2% |
| Plant, machinery and equipment | 23 | €261 | €131 | -€131 | -50.0% |
| Furniture and vehicles | 24 | €22,810 | €11,405 | -€11,405 | -50.0% |
| Current assets | 29/58 | €239,788 | €303,067 | +€63,279 | +26.4% |
| Stocks and contracts in progress | 3 | €15,120 | €1,775 | -€13,345 | -88.3% |
| Stocks | 30/36 | €15,120 | €1,775 | -€13,345 | -88.3% |
| Amounts receivable within one year | 40/41 | €22,671 | €54,950 | +€32,278 | +142% |
| Trade receivables | 40 | €18,945 | €39,373 | +€20,428 | +108% |
| Other amounts receivable | 41 | €3,726 | €15,577 | +€11,851 | +318% |
| Cash at bank and in hand | 54/58 | €201,996 | €246,342 | +€44,346 | +22.0% |
| Total equity and liabilities | 10/49 | €306,455 | €375,307 | +€68,852 | +22.5% |
| Equity | 10/15 | €235,178 | €236,253 | +€1,076 | +0.5% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €30,046 | €30,046 | = | 0.0% |
| Non-distributable reserves | 130/1 | €124 | €124 | = | 0.0% |
| Legal reserve | 130 | €124 | €124 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,998 | €12,998 | = | 0.0% |
| Distributable reserves | 133 | €16,924 | €16,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,369 | €119,445 | +€1,076 | +0.9% |
| Amounts payable | 17/49 | €71,277 | €139,054 | +€67,776 | +95.1% |
| Amounts payable within one year | 42/48 | €71,277 | €139,054 | +€67,776 | +95.1% |
| Trade debts | 44 | €63,780 | €125,236 | +€61,456 | +96.4% |
| Suppliers | 440/4 | €63,780 | €125,236 | +€61,456 | +96.4% |
| Taxes, remuneration and social security | 45 | €6,183 | €8,175 | +€1,991 | +32.2% |
| Taxes | 450/3 | - | €1,197 | +€1,197 | |
| Remuneration and social security | 454/9 | €6,183 | €6,977 | +€794 | +12.8% |
| Other amounts payable | 47/48 | €1,315 | €5,644 | +€4,329 | +329% |
| Remuneration, social security and pensions | 62 | €50,769 | €57,019 | +€6,250 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,806 | €20,204 | +€2,398 | +13.5% |
| Other operating charges | 640/8 | - | €4,122 | +€4,122 | |
| Gross operating margin | 9900 | €75,141 | €83,733 | +€8,592 | +11.4% |
| Operating profit (loss) | 9901 | €6,566 | €2,388 | -€4,178 | -63.6% |
| Financial income | 75/76B | €829 | - | -€829 | |
| Recurring financial income | 75 | €829 | - | -€829 | |
| Non-recurring financial income | 76B | €829 | - | -€829 | |
| Financial charges | 65/66B | €87 | €115 | +€28 | +32.1% |
| Recurring financial charges | 65 | €87 | €115 | +€28 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €7,308 | €2,273 | -€5,035 | -68.9% |
| Income taxes | 67/77 | €5,000 | €1,197 | -€3,803 | -76.1% |
| Profit (loss) for the period | 9904 | €2,308 | €1,076 | -€1,232 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,308 | €1,076 | -€1,232 | -53.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.