2Integrate: what changed
Two fiscal 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.
2Integrate
Largest movements
- Current investments -€680,000
down €680,000 (-75.6%), from €900,000 to €220,000
- Receivables within one year +€101,418
up €101,418 (+11.9%), from €855,638 to €957,056
of which Trade receivables: +€82,481
- Stocks and contracts +€87,487
up €87,487 (+94.2%), from €92,896 to €180,382
- Other debts -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Profit (loss) carried forward +€541,948
up €541,948 (+101.7%), from €533,118 to €1.1m
- Trade debts +€166,986
up €166,986 (+35.8%), from €466,134 to €633,119
- Tax, wage and social debts +€23,867
up €23,867 (+488.7%), from €4,884 to €28,751
of which Taxes: +€23,943
- Gross operating margin +€31,585
up €31,585 (+4.2%), from €755,379 to €786,965
- Financial income -€21,546
down €21,546 (-71.8%), from €29,991 to €8,445
- Depreciation +€17,373
up €17,373 (+584.8%), from €2,970 to €20,343
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 | €2,226,740 | €1,759,541 | -€467,199 | -21.0% |
| Fixed assets | 21/28 | €79,864 | €115,570 | +€35,706 | +44.7% |
| Intangible fixed assets | 21 | €29,864 | €45,278 | +€15,413 | +51.6% |
| Tangible fixed assets | 22/27 | - | €17,792 | +€17,792 | |
| Land and buildings | 22 | - | €17,792 | +€17,792 | |
| Financial fixed assets | 28 | €50,000 | €52,500 | +€2,500 | +5.0% |
| Current assets | 29/58 | €2,146,876 | €1,643,971 | -€502,905 | -23.4% |
| Stocks and contracts in progress | 3 | €92,896 | €180,382 | +€87,487 | +94.2% |
| Stocks | 30/36 | €92,896 | €180,382 | +€87,487 | +94.2% |
| Amounts receivable within one year | 40/41 | €855,638 | €957,056 | +€101,418 | +11.9% |
| Trade receivables | 40 | €808,191 | €890,673 | +€82,481 | +10.2% |
| Other amounts receivable | 41 | €47,446 | €66,383 | +€18,937 | +39.9% |
| Current investments | 50/53 | €900,000 | €220,000 | -€680,000 | -75.6% |
| Cash at bank and in hand | 54/58 | €293,392 | €280,277 | -€13,114 | -4.5% |
| Deferred charges and accrued income | 490/1 | €4,951 | €6,256 | +€1,305 | +26.4% |
| Total equity and liabilities | 10/49 | €2,226,740 | €1,759,541 | -€467,199 | -21.0% |
| Equity | 10/15 | €555,723 | €1,097,671 | +€541,948 | +97.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,005 | €4,005 | = | 0.0% |
| Distributable reserves | 133 | €4,005 | €4,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | €533,118 | €1,075,066 | +€541,948 | +101.7% |
| Amounts payable | 17/49 | €1,671,017 | €661,870 | -€1.0m | -60.4% |
| Amounts payable within one year | 42/48 | €1,671,017 | €661,870 | -€1.0m | -60.4% |
| Trade debts | 44 | €466,134 | €633,119 | +€166,986 | +35.8% |
| Suppliers | 440/4 | €466,134 | €633,119 | +€166,986 | +35.8% |
| Taxes, remuneration and social security | 45 | €4,884 | €28,751 | +€23,867 | +488.7% |
| Taxes | 450/3 | - | €23,943 | +€23,943 | |
| Remuneration and social security | 454/9 | €4,884 | €4,808 | -€75 | -1.5% |
| Other amounts payable | 47/48 | €1,200,000 | €0 | -€1.2m | -100.0% |
| Remuneration, social security and pensions | 62 | €41,865 | €43,733 | +€1,868 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,970 | €20,343 | +€17,373 | +584.8% |
| Other operating charges | 640/8 | €718 | €7,212 | +€6,494 | +903.8% |
| Gross operating margin | 9900 | €755,379 | €786,965 | +€31,585 | +4.2% |
| Operating profit (loss) | 9901 | €709,825 | €715,676 | +€5,851 | +0.8% |
| Financial income | 75/76B | €29,991 | €8,445 | -€21,546 | -71.8% |
| Recurring financial income | 75 | €29,991 | €8,445 | -€21,546 | -71.8% |
| Financial charges | 65/66B | €264 | €698 | +€434 | +164.7% |
| Recurring financial charges | 65 | €264 | €698 | +€434 | +164.7% |
| Profit (loss) for the period before taxes | 9903 | €739,552 | €723,424 | -€16,128 | -2.2% |
| Income taxes | 67/77 | €185,552 | €181,476 | -€4,076 | -2.2% |
| Profit (loss) for the period | 9904 | €554,000 | €541,948 | -€12,052 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €554,000 | €541,948 | -€12,052 | -2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.