ANALYZ-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.
ANALYZ-IT
Largest movements
- Receivables within one year -€133,325
down €133,325 (-45.6%), from €292,537 to €159,212
of which Trade receivables: -€173,353
- Cash -€107,222
down €107,222 (-31.0%), from €346,103 to €238,881
mainly Current investments (-€100,000) and Contributions, distributions and other (-€87,958)
- Current investments +€100,000
up €100,000 (+39.4%), from €253,988 to €353,988
- Reserves -€87,144
down €87,144 (-11.0%), from €793,432 to €706,288
of which Distributable reserves: -€87,144
- Tax, wage and social debts -€35,545
down €35,545 (-24.7%), from €143,816 to €108,271
of which Taxes: -€29,868
- Gross operating margin -€236,882
down €236,882 (-28.5%), from €830,231 to €593,349
- Taxes -€71,979
down €71,979 (-89.3%), from €80,633 to €8,654
- Staff costs -€19,214
down €19,214 (-3.4%), from €572,086 to €552,872
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 | €992,924 | €873,656 | -€119,269 | -12.0% |
| Fixed assets | 21/28 | €85,913 | €94,341 | +€8,428 | +9.8% |
| Tangible fixed assets | 22/27 | €85,613 | €94,041 | +€8,428 | +9.8% |
| Plant, machinery and equipment | 23 | - | €1,837 | +€1,837 | |
| Furniture and vehicles | 24 | €80,643 | €86,697 | +€6,053 | +7.5% |
| Other tangible fixed assets | 26 | €4,970 | €5,508 | +€538 | +10.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €907,011 | €779,314 | -€127,696 | -14.1% |
| Stocks and contracts in progress | 3 | - | €7,000 | +€7,000 | |
| Contracts in progress | 37 | - | €7,000 | +€7,000 | |
| Amounts receivable within one year | 40/41 | €292,537 | €159,212 | -€133,325 | -45.6% |
| Trade receivables | 40 | €292,537 | €119,184 | -€173,353 | -59.3% |
| Other amounts receivable | 41 | - | €40,028 | +€40,028 | |
| Current investments | 50/53 | €253,988 | €353,988 | +€100,000 | +39.4% |
| Cash at bank and in hand | 54/58 | €346,103 | €238,881 | -€107,222 | -31.0% |
| Deferred charges and accrued income | 490/1 | €14,382 | €20,232 | +€5,850 | +40.7% |
| Total equity and liabilities | 10/49 | €992,924 | €873,656 | -€119,269 | -12.0% |
| Equity | 10/15 | €812,032 | €724,888 | -€87,144 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €793,432 | €706,288 | -€87,144 | -11.0% |
| Tax-exempt reserves | 132 | €604 | €604 | = | 0.0% |
| Distributable reserves | 133 | €792,828 | €705,684 | -€87,144 | -11.0% |
| Amounts payable | 17/49 | €180,892 | €148,767 | -€32,125 | -17.8% |
| Amounts payable within one year | 42/48 | €173,679 | €146,419 | -€27,261 | -15.7% |
| Trade debts | 44 | €29,863 | €38,147 | +€8,284 | +27.7% |
| Suppliers | 440/4 | €29,863 | €38,147 | +€8,284 | +27.7% |
| Taxes, remuneration and social security | 45 | €143,816 | €108,271 | -€35,545 | -24.7% |
| Taxes | 450/3 | €76,575 | €46,707 | -€29,868 | -39.0% |
| Remuneration and social security | 454/9 | €67,241 | €61,564 | -€5,677 | -8.4% |
| Accrued charges and deferred income | 492/3 | €7,213 | €2,349 | -€4,864 | -67.4% |
| Non-recurring operating income | 76A | €15,500 | €3,306 | -€12,194 | -78.7% |
| Remuneration, social security and pensions | 62 | €572,086 | €552,872 | -€19,214 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,102 | €37,342 | +€5,239 | +16.3% |
| Other operating charges | 640/8 | €2,769 | €2,435 | -€334 | -12.1% |
| Gross operating margin | 9900 | €830,231 | €593,349 | -€236,882 | -28.5% |
| Operating profit (loss) | 9901 | €223,274 | €700 | -€222,574 | -99.7% |
| Financial income | 75/76B | €13,907 | €9,193 | -€4,715 | -33.9% |
| Recurring financial income | 75 | €13,907 | €9,193 | -€4,715 | -33.9% |
| Financial charges | 65/66B | €393 | €425 | +€31 | +7.9% |
| Recurring financial charges | 65 | €393 | €425 | +€31 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €236,788 | €9,468 | -€227,320 | -96.0% |
| Income taxes | 67/77 | €80,633 | €8,654 | -€71,979 | -89.3% |
| Profit (loss) for the period | 9904 | €156,155 | €814 | -€155,341 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €156,155 | €814 | -€155,341 | -99.5% |
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 15 October 2026 via checked.be.