REAL 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.
REAL BALLOONING
Largest movements
- Receivables within one year -€38,819
down €38,819 (-72.3%), from €53,725 to €14,906
of which Trade receivables: -€23,100
- Tangible fixed assets -€20,137
down €20,137 (-49.6%), from €40,559 to €20,422
of which Plant, machinery and equipment: -€15,765
- Cash -€15,701
down €15,701 (-15.7%), from €99,949 to €84,247
mainly Other debts (-€33,000) and Advances received (-€24,934)
- Deferred charges and accrued income -€6,623
down €6,623 (-20.2%), from €32,726 to €26,103
- Receivables after one year -€5,000
down €5,000 (-10.0%), from €50,000 to €45,000
- Other debts -€33,000
down €33,000 (-100%), from €33,000 to €0
- Advances received -€24,934
down €24,934 (-100%), from €24,934 to €0
- Profit (loss) carried forward -€20,657
down €20,657 (-29.1%), from €71,019 to €50,363
- Tax, wage and social debts -€12,716
down €12,716 (-100%), from €12,716 to €0
- Trade debts +€5,027
up €5,027 (+127%), from €3,964 to €8,991
- Depreciation -€15,604
down €15,604 (-42.5%), from €36,733 to €21,129
- Gross operating margin -€2,746
down €2,746 (-7.5%), from €36,688 to €33,942
- Taxes -€2,061
down €2,061 (-50.5%), from €4,077 to €2,016
- Financial income -€1,955
down €1,955 (-43.1%), from €4,531 to €2,576
- Financial charges +€1,532
up €1,532 (+55.6%), from €2,755 to €4,287
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 | €276,959 | €190,679 | -€86,280 | -31.2% |
| Fixed assets | 21/28 | €40,559 | €20,422 | -€20,137 | -49.6% |
| Tangible fixed assets | 22/27 | €40,559 | €20,422 | -€20,137 | -49.6% |
| Land and buildings | 22 | €817 | €780 | -€37 | -4.5% |
| Plant, machinery and equipment | 23 | €33,472 | €17,707 | -€15,765 | -47.1% |
| Furniture and vehicles | 24 | €6,271 | €1,936 | -€4,335 | -69.1% |
| Current assets | 29/58 | €236,400 | €170,257 | -€66,143 | -28.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €45,000 | -€5,000 | -10.0% |
| Other amounts receivable | 291 | €50,000 | €45,000 | -€5,000 | -10.0% |
| Amounts receivable within one year | 40/41 | €53,725 | €14,906 | -€38,819 | -72.3% |
| Trade receivables | 40 | €23,800 | €700 | -€23,100 | -97.1% |
| Other amounts receivable | 41 | €29,925 | €14,206 | -€15,719 | -52.5% |
| Cash at bank and in hand | 54/58 | €99,949 | €84,247 | -€15,701 | -15.7% |
| Deferred charges and accrued income | 490/1 | €32,726 | €26,103 | -€6,623 | -20.2% |
| Total equity and liabilities | 10/49 | €276,959 | €190,679 | -€86,280 | -31.2% |
| Equity | 10/15 | €202,345 | €181,688 | -€20,657 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,725 | €112,725 | = | 0.0% |
| Distributable reserves | 133 | €112,725 | €112,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,019 | €50,363 | -€20,657 | -29.1% |
| Amounts payable | 17/49 | €74,615 | €8,991 | -€65,623 | -87.9% |
| Amounts payable within one year | 42/48 | €74,615 | €8,991 | -€65,623 | -87.9% |
| Trade debts | 44 | €3,964 | €8,991 | +€5,027 | +127% |
| Suppliers | 440/4 | €3,964 | €8,991 | +€5,027 | +127% |
| Advances received on contracts in progress | 46 | €24,934 | €0 | -€24,934 | -100% |
| Taxes, remuneration and social security | 45 | €12,716 | €0 | -€12,716 | -100% |
| Taxes | 450/3 | €12,716 | €0 | -€12,716 | -100% |
| Other amounts payable | 47/48 | €33,000 | €0 | -€33,000 | -100% |
| Non-recurring operating income | 76A | €20,000 | €0 | -€20,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,733 | €21,129 | -€15,604 | -42.5% |
| Other operating charges | 640/8 | €11,022 | €9,743 | -€1,278 | -11.6% |
| Non-recurring operating charges | 66A | - | €20,000 | +€20,000 | |
| Gross operating margin | 9900 | €36,688 | €33,942 | -€2,746 | -7.5% |
| Operating profit (loss) | 9901 | -€11,066 | -€16,930 | -€5,864 | -53.0% |
| Financial income | 75/76B | €4,531 | €2,576 | -€1,955 | -43.1% |
| Recurring financial income | 75 | €4,531 | €2,576 | -€1,955 | -43.1% |
| Financial charges | 65/66B | €2,755 | €4,287 | +€1,532 | +55.6% |
| Recurring financial charges | 65 | €2,755 | €4,287 | +€1,532 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,290 | -€18,641 | -€9,351 | -101% |
| Income taxes | 67/77 | €4,077 | €2,016 | -€2,061 | -50.5% |
| Profit (loss) for the period | 9904 | -€13,366 | -€20,657 | -€7,290 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,366 | -€20,657 | -€7,290 | -54.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.