Ballooning: 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.
Ballooning
Largest movements
- Cash +€112,306
up €112,306 (+285%), from €39,443 to €151,750
mainly Depreciation (+€93,257) and Net result for the year (+€35,046)
- Tangible fixed assets -€60,736
down €60,736 (-22.8%), from €266,518 to €205,782
of which Plant, machinery and equipment: -€55,507
- Receivables within one year -€34,856
down €34,856 (-59.0%), from €59,048 to €24,192
of which Trade receivables: -€33,605
- Profit (loss) carried forward +€35,046
up €35,046 (+56.1%), from €62,514 to €97,560
- Trade debts -€28,035
down €28,035 (-76.8%), from €36,502 to €8,467
- Debts after one year -€13,790
down €13,790 (-30.0%), from €45,924 to €32,133
of which Other amounts payable: -€9,835
- Accrued charges and deferred income +€13,225
up €13,225 (+6.3%), from €211,080 to €224,304
- Short-term financial debts +€8,802
new in 2025: €8,802
- Depreciation +€30,898
up €30,898 (+49.5%), from €62,359 to €93,257
- Taxes -€3,735
down €3,735 (-25.2%), from €14,793 to €11,058
- Other operating charges +€3,671
up €3,671 (+40.3%), from €9,106 to €12,777
- Gross operating margin +€2,467
up €2,467 (+1.6%), from €153,800 to €156,268
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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €385,064 | €398,124 | +€13,060 | +3.4% |
| Fixed assets | 21/28 | €272,124 | €208,666 | -€63,458 | -23.3% |
| Intangible fixed assets | 21 | €3,406 | €684 | -€2,722 | -79.9% |
| Tangible fixed assets | 22/27 | €266,518 | €205,782 | -€60,736 | -22.8% |
| Plant, machinery and equipment | 23 | €213,269 | €157,762 | -€55,507 | -26.0% |
| Furniture and vehicles | 24 | €53,249 | €48,020 | -€5,229 | -9.8% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €112,940 | €189,458 | +€76,519 | +67.8% |
| Amounts receivable within one year | 40/41 | €59,048 | €24,192 | -€34,856 | -59.0% |
| Trade receivables | 40 | €53,841 | €20,235 | -€33,605 | -62.4% |
| Other amounts receivable | 41 | €5,207 | €3,956 | -€1,251 | -24.0% |
| Cash at bank and in hand | 54/58 | €39,443 | €151,750 | +€112,306 | +285% |
| Deferred charges and accrued income | 490/1 | €14,448 | €13,517 | -€931 | -6.4% |
| Total equity and liabilities | 10/49 | €385,064 | €398,124 | +€13,060 | +3.4% |
| Equity | 10/15 | €65,014 | €100,060 | +€35,046 | +53.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,514 | €97,560 | +€35,046 | +56.1% |
| Amounts payable | 17/49 | €320,050 | €298,064 | -€21,986 | -6.9% |
| Amounts payable after more than one year | 17 | €45,924 | €32,133 | -€13,790 | -30.0% |
| Financial debts | 170/4 | €13,265 | €9,309 | -€3,955 | -29.8% |
| Other amounts payable | 178/9 | €32,659 | €22,824 | -€9,835 | -30.1% |
| Amounts payable within one year | 42/48 | €63,047 | €41,627 | -€21,420 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €3,755 | €3,955 | +€201 | +5.3% |
| Financial debts | 43 | - | €8,802 | +€8,802 | |
| Credit institutions | 430/8 | - | €8,802 | +€8,802 | |
| Trade debts | 44 | €36,502 | €8,467 | -€28,035 | -76.8% |
| Suppliers | 440/4 | €36,502 | €8,467 | -€28,035 | -76.8% |
| Taxes, remuneration and social security | 45 | €8,076 | €8,727 | +€651 | +8.1% |
| Taxes | 450/3 | €8,076 | €8,727 | +€651 | +8.1% |
| Other amounts payable | 47/48 | €14,714 | €11,675 | -€3,038 | -20.7% |
| Accrued charges and deferred income | 492/3 | €211,080 | €224,304 | +€13,225 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,359 | €93,257 | +€30,898 | +49.5% |
| Other operating charges | 640/8 | €9,106 | €12,777 | +€3,671 | +40.3% |
| Gross operating margin | 9900 | €153,800 | €156,268 | +€2,467 | +1.6% |
| Operating profit (loss) | 9901 | €82,336 | €50,234 | -€32,102 | -39.0% |
| Financial income | 75/76B | €6 | €564 | +€558 | +9,502% |
| Recurring financial income | 75 | €6 | €564 | +€558 | +9,502% |
| Financial charges | 65/66B | €5,035 | €4,694 | -€341 | -6.8% |
| Recurring financial charges | 65 | €5,035 | €4,694 | -€341 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €77,307 | €46,104 | -€31,203 | -40.4% |
| Income taxes | 67/77 | €14,793 | €11,058 | -€3,735 | -25.2% |
| Profit (loss) for the period | 9904 | €62,514 | €35,046 | -€27,469 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,514 | €35,046 | -€27,469 | -43.9% |
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 14 October 2026 via checked.be.