RedBalloon: 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.
RedBalloon
Largest movements
- Current investments +€165,706
up €165,706 (+34.4%), from €481,638 to €647,343
- Cash -€151,823
down €151,823 (-64.1%), from €237,023 to €85,200
mainly Contributions, distributions and other (-€221,000) and Current investments (-€165,706)
- Receivables within one year +€89,620
up €89,620 (+1333.7%), from €6,719 to €96,339
- Reserves +€87,500
up €87,500 (+13.6%), from €645,400 to €732,900
- Tax, wage and social debts +€26,636
up €26,636 (+48.4%), from €54,987 to €81,623
of which Taxes: +€26,636
- Other debts -€9,195
down €9,195 (-53.5%), from €17,191 to €7,996
- Gross operating margin +€134,879
up €134,879 (+43.3%), from €311,281 to €446,160
- Taxes +€53,345
up €53,345 (+61.6%), from €86,642 to €139,987
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
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 | €725,794 | €829,186 | +€103,393 | +14.2% |
| Fixed assets | 21/28 | €164 | €0 | -€164 | -100.0% |
| Tangible fixed assets | 22/27 | €164 | €0 | -€164 | -100.0% |
| Furniture and vehicles | 24 | €164 | €0 | -€164 | -100.0% |
| Current assets | 29/58 | €725,630 | €829,186 | +€103,557 | +14.3% |
| Amounts receivable within one year | 40/41 | €6,719 | €96,339 | +€89,620 | +1333.7% |
| Trade receivables | 40 | €6,719 | €96,339 | +€89,620 | +1333.7% |
| Current investments | 50/53 | €481,638 | €647,343 | +€165,706 | +34.4% |
| Cash at bank and in hand | 54/58 | €237,023 | €85,200 | -€151,823 | -64.1% |
| Deferred charges and accrued income | 490/1 | €250 | €304 | +€54 | +21.6% |
| Total equity and liabilities | 10/49 | €725,794 | €829,186 | +€103,393 | +14.2% |
| Equity | 10/15 | €648,780 | €736,373 | +€87,593 | +13.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €645,400 | €732,900 | +€87,500 | +13.6% |
| Distributable reserves | 133 | €645,400 | €732,900 | +€87,500 | +13.6% |
| Profit (loss) carried forward | 14 | €880 | €973 | +€93 | +10.6% |
| Amounts payable | 17/49 | €77,013 | €92,813 | +€15,800 | +20.5% |
| Amounts payable within one year | 42/48 | €77,013 | €92,813 | +€15,800 | +20.5% |
| Trade debts | 44 | €4,835 | €3,194 | -€1,641 | -33.9% |
| Suppliers | 440/4 | €4,835 | €3,194 | -€1,641 | -33.9% |
| Taxes, remuneration and social security | 45 | €54,987 | €81,623 | +€26,636 | +48.4% |
| Taxes | 450/3 | €54,987 | €81,623 | +€26,636 | +48.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,191 | €7,996 | -€9,195 | -53.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €543 | €164 | -€379 | -69.9% |
| Other operating charges | 640/8 | €141 | €602 | +€461 | +328.3% |
| Gross operating margin | 9900 | €311,281 | €446,160 | +€134,879 | +43.3% |
| Operating profit (loss) | 9901 | €310,597 | €445,395 | +€134,797 | +43.4% |
| Financial income | 75/76B | €6,698 | €4,993 | -€1,705 | -25.5% |
| Recurring financial income | 75 | €6,698 | €4,993 | -€1,705 | -25.5% |
| Financial charges | 65/66B | €162 | €1,808 | +€1,646 | +1016.3% |
| Recurring financial charges | 65 | €162 | €1,808 | +€1,646 | +1016.3% |
| Profit (loss) for the period before taxes | 9903 | €317,133 | €448,580 | +€131,447 | +41.4% |
| Income taxes | 67/77 | €86,642 | €139,987 | +€53,345 | +61.6% |
| Profit (loss) for the period | 9904 | €230,492 | €308,593 | +€78,101 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €230,492 | €308,593 | +€78,101 | +33.9% |
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 10 October 2026 via checked.be.