12INCH: 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.
12INCH
Largest movements
- Receivables within one year -€240,681
down €240,681 (-76.6%), from €314,336 to €73,655
of which Other amounts receivable: -€180,181
- Debts after one year -€2.3m
down €2.3m (-37.4%), from €6.2m to €3.9m
of which Financial debts: -€1.9m
- Profit (loss) carried forward +€1.1m
up €1.1m (+36.0%), from €3.0m to €4.1m
- Other debts +€1.0m
up €1.0m (+2,500%), from €40,000 to €1.0m
- Financial income +€594,000
up €594,000 (+119%), from €500,000 to €1.1m
- Financial charges -€23,282
down €23,282 (-39.3%), from €59,284 to €36,001
- Gross operating margin +€18,959
up €18,959 (+34.1%), from €55,641 to €74,600
- Taxes -€2,914
down €2,914, from €2,270 to -€644
- Other operating charges +€1,888
up €1,888 (+283%), from €667 to €2,555
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 | €10,506,670 | €10,259,918 | -€246,752 | -2.3% |
| Fixed assets | 21/28 | €10,152,048 | €10,151,536 | -€512 | 0.0% |
| Tangible fixed assets | 22/27 | €2,048 | €1,536 | -€512 | -25.0% |
| Furniture and vehicles | 24 | €2,048 | €1,536 | -€512 | -25.0% |
| Financial fixed assets | 28 | €10,150,000 | €10,150,000 | = | 0.0% |
| Current assets | 29/58 | €354,623 | €108,383 | -€246,240 | -69.4% |
| Amounts receivable within one year | 40/41 | €314,336 | €73,655 | -€240,681 | -76.6% |
| Trade receivables | 40 | €83,164 | €22,664 | -€60,500 | -72.7% |
| Other amounts receivable | 41 | €231,172 | €50,991 | -€180,181 | -77.9% |
| Cash at bank and in hand | 54/58 | €37,276 | €31,528 | -€5,749 | -15.4% |
| Deferred charges and accrued income | 490/1 | €3,010 | €3,200 | +€190 | +6.3% |
| Total equity and liabilities | 10/49 | €10,506,670 | €10,259,918 | -€246,752 | -2.3% |
| Equity | 10/15 | €3,728,093 | €4,818,269 | +€1.1m | +29.2% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,028,093 | €4,118,269 | +€1.1m | +36.0% |
| Amounts payable | 17/49 | €6,778,578 | €5,441,649 | -€1.3m | -19.7% |
| Amounts payable after more than one year | 17 | €6,179,943 | €3,870,454 | -€2.3m | -37.4% |
| Financial debts | 170/4 | €4,099,943 | €2,170,454 | -€1.9m | -47.1% |
| Other amounts payable | 178/9 | €2,080,000 | €1,700,000 | -€380,000 | -18.3% |
| Amounts payable within one year | 42/48 | €584,389 | €1,564,694 | +€980,305 | +168% |
| Current portion of amounts payable after more than one year | 42 | €454,601 | €497,558 | +€42,958 | +9.4% |
| Trade debts | 44 | €85,517 | €25,020 | -€60,497 | -70.7% |
| Suppliers | 440/4 | €85,517 | €25,020 | -€60,497 | -70.7% |
| Taxes, remuneration and social security | 45 | €4,271 | €2,116 | -€2,155 | -50.5% |
| Taxes | 450/3 | €4,271 | €2,116 | -€2,155 | -50.5% |
| Other amounts payable | 47/48 | €40,000 | €1,040,000 | +€1.0m | +2,500% |
| Accrued charges and deferred income | 492/3 | €14,246 | €6,501 | -€7,745 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €512 | = | 0.0% |
| Other operating charges | 640/8 | €667 | €2,555 | +€1,888 | +283% |
| Gross operating margin | 9900 | €55,641 | €74,600 | +€18,959 | +34.1% |
| Operating profit (loss) | 9901 | €54,462 | €71,533 | +€17,071 | +31.3% |
| Financial income | 75/76B | €500,000 | €1,094,000 | +€594,000 | +119% |
| Recurring financial income | 75 | €500,000 | €1,094,000 | +€594,000 | +119% |
| Financial charges | 65/66B | €59,284 | €36,001 | -€23,282 | -39.3% |
| Recurring financial charges | 65 | €59,284 | €36,001 | -€23,282 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €495,179 | €1,129,532 | +€634,354 | +128% |
| Income taxes | 67/77 | €2,270 | -€644 | -€2,914 | |
| Profit (loss) for the period | 9904 | €492,909 | €1,130,176 | +€637,268 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €492,909 | €1,130,176 | +€637,268 | +129% |
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 14 October 2026 via checked.be.