4 IT: 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.
4 IT
Largest movements
- Tangible fixed assets -€67,860
down €67,860 (-11.9%), from €570,606 to €502,746
of which Land and buildings: -€55,327
- Receivables within one year -€33,731
down €33,731 (-87.5%), from €38,538 to €4,807
of which Trade receivables: -€31,694
- Cash +€19,396
up €19,396 (+364%), from €5,327 to €24,723
mainly Depreciation (+€69,058) and Receivables within one year (+€33,731)
- Other debts -€56,288
down €56,288 (-65.1%), from €86,476 to €30,188
- Debts after one year -€43,032
down €43,032 (-18.6%), from €231,346 to €188,314
- Profit (loss) carried forward +€11,764
up €11,764 (+9.3%), from -€127,089 to -€115,324
- Tax, wage and social debts +€6,772
up €6,772 (+141%), from €4,790 to €11,562
- Gross operating margin +€36,497
up €36,497 (+62.1%), from €58,751 to €95,248
- Depreciation +€3,745
up €3,745 (+5.7%), from €65,313 to €69,058
- Financial charges -€1,507
down €1,507 (-14.1%), from €10,675 to €9,169
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 | €617,282 | €538,375 | -€78,906 | -12.8% |
| Fixed assets | 21/28 | €571,006 | €503,146 | -€67,860 | -11.9% |
| Tangible fixed assets | 22/27 | €570,606 | €502,746 | -€67,860 | -11.9% |
| Land and buildings | 22 | €517,780 | €462,453 | -€55,327 | -10.7% |
| Furniture and vehicles | 24 | €52,826 | €40,293 | -€12,532 | -23.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €46,276 | €35,229 | -€11,047 | -23.9% |
| Amounts receivable within one year | 40/41 | €38,538 | €4,807 | -€33,731 | -87.5% |
| Trade receivables | 40 | €35,808 | €4,114 | -€31,694 | -88.5% |
| Other amounts receivable | 41 | €2,730 | €693 | -€2,037 | -74.6% |
| Cash at bank and in hand | 54/58 | €5,327 | €24,723 | +€19,396 | +364% |
| Deferred charges and accrued income | 490/1 | €2,411 | €5,698 | +€3,288 | +136% |
| Total equity and liabilities | 10/49 | €617,282 | €538,375 | -€78,906 | -12.8% |
| Equity | 10/15 | €253,145 | €264,909 | +€11,764 | +4.6% |
| Contributions | 10/11 | €98,600 | €98,600 | = | 0.0% |
| Reserves | 13 | €281,634 | €281,634 | = | 0.0% |
| Distributable reserves | 133 | €281,634 | €281,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,089 | -€115,324 | +€11,764 | +9.3% |
| Amounts payable | 17/49 | €364,137 | €273,466 | -€90,671 | -24.9% |
| Amounts payable after more than one year | 17 | €231,346 | €188,314 | -€43,032 | -18.6% |
| Financial debts | 170/4 | €231,346 | €188,314 | -€43,032 | -18.6% |
| Amounts payable within one year | 42/48 | €132,791 | €85,152 | -€47,639 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €41,525 | €43,032 | +€1,506 | +3.6% |
| Trade debts | 44 | - | €370 | +€370 | |
| Suppliers | 440/4 | - | €370 | +€370 | |
| Taxes, remuneration and social security | 45 | €4,790 | €11,562 | +€6,772 | +141% |
| Taxes | 450/3 | €4,790 | €11,562 | +€6,772 | +141% |
| Other amounts payable | 47/48 | €86,476 | €30,188 | -€56,288 | -65.1% |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,313 | €69,058 | +€3,745 | +5.7% |
| Other operating charges | 640/8 | €4,245 | €4,345 | +€100 | +2.4% |
| Gross operating margin | 9900 | €58,751 | €95,248 | +€36,497 | +62.1% |
| Operating profit (loss) | 9901 | -€10,806 | €21,846 | +€32,652 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +49,900% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +49,900% |
| Financial charges | 65/66B | €10,675 | €9,169 | -€1,507 | -14.1% |
| Recurring financial charges | 65 | €10,675 | €9,169 | -€1,507 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,481 | €12,682 | +€34,164 | |
| Income taxes | 67/77 | €895 | €918 | +€23 | +2.5% |
| Profit (loss) for the period | 9904 | -€22,377 | €11,764 | +€34,141 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,377 | €11,764 | +€34,141 |
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 16 October 2026 via checked.be.