RECOVER 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.
RECOVER BALLOONING
Largest movements
- Tangible fixed assets -€4,082
down €4,082 (-6.7%), from €60,567 to €56,485
of which Land and buildings: -€3,552
- Receivables within one year -€2,360
down €2,360 (-62.9%), from €3,752 to €1,392
of which Trade receivables: -€2,360
- Deferred charges and accrued income +€934
up €934 (+60.8%), from €1,536 to €2,470
- Cash -€827
down €827 (-45.6%), from €1,814 to €986
mainly Debts after one year (-€5,535) and Trade debts (-€1,274)
- Debts after one year -€5,535
down €5,535 (-18.9%), from €29,250 to €23,715
- Trade debts -€1,274
down €1,274 (-63.5%), from €2,006 to €732
- Profit (loss) carried forward -€802
down €802, from €644 to -€158
- Other debts +€750
up €750 (+6.6%), from €11,281 to €12,031
- Other operating charges -€2,251
down €2,251 (-56.1%), from €4,013 to €1,762
- Depreciation -€2,003
down €2,003 (-32.9%), from €6,085 to €4,082
- Gross operating margin +€1,169
up €1,169 (+24.2%), from €4,832 to €6,001
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 | €67,669 | €61,333 | -€6,336 | -9.4% |
| Fixed assets | 21/28 | €60,567 | €56,485 | -€4,082 | -6.7% |
| Tangible fixed assets | 22/27 | €60,567 | €56,485 | -€4,082 | -6.7% |
| Land and buildings | 22 | €57,567 | €54,015 | -€3,552 | -6.2% |
| Furniture and vehicles | 24 | €3,000 | €2,470 | -€531 | -17.7% |
| Current assets | 29/58 | €7,101 | €4,848 | -€2,253 | -31.7% |
| Amounts receivable within one year | 40/41 | €3,752 | €1,392 | -€2,360 | -62.9% |
| Trade receivables | 40 | €3,752 | €1,392 | -€2,360 | -62.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,814 | €986 | -€827 | -45.6% |
| Deferred charges and accrued income | 490/1 | €1,536 | €2,470 | +€934 | +60.8% |
| Total equity and liabilities | 10/49 | €67,669 | €61,333 | -€6,336 | -9.4% |
| Equity | 10/15 | €19,644 | €18,842 | -€802 | -4.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €644 | -€158 | -€802 | |
| Amounts payable | 17/49 | €48,025 | €42,491 | -€5,534 | -11.5% |
| Amounts payable after more than one year | 17 | €29,250 | €23,715 | -€5,535 | -18.9% |
| Financial debts | 170/4 | €29,250 | €23,715 | -€5,535 | -18.9% |
| Amounts payable within one year | 42/48 | €18,756 | €18,776 | +€20 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,432 | €5,535 | +€103 | +1.9% |
| Trade debts | 44 | €2,006 | €732 | -€1,274 | -63.5% |
| Suppliers | 440/4 | €2,006 | €732 | -€1,274 | -63.5% |
| Taxes, remuneration and social security | 45 | €37 | €478 | +€441 | +1,180% |
| Taxes | 450/3 | €37 | €478 | +€441 | +1,180% |
| Other amounts payable | 47/48 | €11,281 | €12,031 | +€750 | +6.6% |
| Accrued charges and deferred income | 492/3 | €18 | €0 | -€18 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,085 | €4,082 | -€2,003 | -32.9% |
| Other operating charges | 640/8 | €4,013 | €1,762 | -€2,251 | -56.1% |
| Gross operating margin | 9900 | €4,832 | €6,001 | +€1,169 | +24.2% |
| Operating profit (loss) | 9901 | -€5,266 | €157 | +€5,423 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €974 | €959 | -€15 | -1.6% |
| Recurring financial charges | 65 | €974 | €959 | -€15 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,241 | -€802 | +€5,439 | +87.2% |
| Profit (loss) for the period | 9904 | -€6,241 | -€802 | +€5,439 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,241 | -€802 | +€5,439 | +87.2% |
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 30 October 2026 via checked.be.