Ai5: 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.
Ai5
Largest movements
- Cash -€104,533
down €104,533 (-16.9%), from €617,133 to €512,600
mainly Investment in fixed assets (net) (-€129,794) and Net result for the year (-€107,960)
- Receivables within one year -€17,919
down €17,919 (-15.3%), from €116,890 to €98,971
of which Trade receivables: -€15,677
- Intangible fixed assets +€12,501
up €12,501 (+11.7%), from €107,057 to €119,558
- Tangible fixed assets +€10,362
up €10,362 (+66.9%), from €15,492 to €25,853
of which Other tangible fixed assets: +€6,286
- Profit (loss) carried forward -€107,960
down €107,960 (-32.3%), from -€334,366 to -€442,325
- Trade debts -€20,115
down €20,115 (-40.3%), from €49,872 to €29,757
- Accrued charges and deferred income +€18,869
up €18,869 (+3,610%), from €523 to €19,392
- Gross operating margin -€383,027
down €383,027 (-55.0%), from €696,776 to €313,749
- Staff costs +€55,344
up €55,344 (+20.6%), from €268,940 to €324,284
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 | €1,016,518 | €913,958 | -€102,560 | -10.1% |
| Fixed assets | 21/28 | €276,670 | €299,533 | +€22,862 | +8.3% |
| Intangible fixed assets | 21 | €107,057 | €119,558 | +€12,501 | +11.7% |
| Tangible fixed assets | 22/27 | €15,492 | €25,853 | +€10,362 | +66.9% |
| Plant, machinery and equipment | 23 | €3,740 | €4,683 | +€943 | +25.2% |
| Furniture and vehicles | 24 | €11,752 | €14,885 | +€3,133 | +26.7% |
| Other tangible fixed assets | 26 | - | €6,286 | +€6,286 | |
| Financial fixed assets | 28 | €154,122 | €154,122 | = | 0.0% |
| Current assets | 29/58 | €739,848 | €614,425 | -€125,422 | -17.0% |
| Amounts receivable within one year | 40/41 | €116,890 | €98,971 | -€17,919 | -15.3% |
| Trade receivables | 40 | €91,797 | €76,120 | -€15,677 | -17.1% |
| Other amounts receivable | 41 | €25,093 | €22,851 | -€2,242 | -8.9% |
| Cash at bank and in hand | 54/58 | €617,133 | €512,600 | -€104,533 | -16.9% |
| Deferred charges and accrued income | 490/1 | €5,825 | €2,854 | -€2,970 | -51.0% |
| Total equity and liabilities | 10/49 | €1,016,518 | €913,958 | -€102,560 | -10.1% |
| Equity | 10/15 | €915,260 | €807,300 | -€107,960 | -11.8% |
| Contributions | 10/11 | €1,249,626 | €1,249,626 | = | 0.0% |
| Capital | 10 | €1,226,868 | €1,226,868 | = | 0.0% |
| Issued capital | 100 | €1,226,868 | €1,226,868 | = | 0.0% |
| Contributions outside capital | 11 | €22,758 | €22,758 | = | 0.0% |
| Share premium | 1100/10 | €22,758 | €22,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334,366 | -€442,325 | -€107,960 | -32.3% |
| Amounts payable | 17/49 | €101,258 | €106,658 | +€5,400 | +5.3% |
| Amounts payable within one year | 42/48 | €100,735 | €87,266 | -€13,469 | -13.4% |
| Trade debts | 44 | €49,872 | €29,757 | -€20,115 | -40.3% |
| Suppliers | 440/4 | €49,872 | €29,757 | -€20,115 | -40.3% |
| Taxes, remuneration and social security | 45 | €50,724 | €57,509 | +€6,785 | +13.4% |
| Taxes | 450/3 | €11,466 | €5,781 | -€5,685 | -49.6% |
| Remuneration and social security | 454/9 | €39,258 | €51,728 | +€12,471 | +31.8% |
| Other amounts payable | 47/48 | €140 | - | -€140 | |
| Accrued charges and deferred income | 492/3 | €523 | €19,392 | +€18,869 | +3,610% |
| Remuneration, social security and pensions | 62 | €268,940 | €324,284 | +€55,344 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,204 | €106,932 | +€3,728 | +3.6% |
| Other operating charges | 640/8 | €1,154 | €1,095 | -€60 | -5.2% |
| Gross operating margin | 9900 | €696,776 | €313,749 | -€383,027 | -55.0% |
| Operating profit (loss) | 9901 | €323,478 | -€118,562 | -€442,039 | |
| Financial income | 75/76B | €2,888 | €8,500 | +€5,612 | +194% |
| Recurring financial income | 75 | €2,888 | €8,500 | +€5,612 | +194% |
| Financial charges | 65/66B | €344 | €1,606 | +€1,262 | +367% |
| Recurring financial charges | 65 | €344 | €1,606 | +€1,262 | +367% |
| Profit (loss) for the period before taxes | 9903 | €326,022 | -€111,669 | -€437,690 | |
| Income taxes | 67/77 | -€3,264 | -€3,709 | -€445 | -13.6% |
| Profit (loss) for the period | 9904 | €329,285 | -€107,960 | -€437,245 | |
| Profit (loss) for the period to be appropriated | 9905 | €329,285 | -€107,960 | -€437,245 |
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 22 October 2026 via checked.be.