Form 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.
Form iT
Largest movements
- Tangible fixed assets -€40,079
down €40,079 (-19.0%), from €210,925 to €170,846
of which Plant, machinery and equipment: -€28,589
- Receivables within one year +€19,814
up €19,814 (+35.6%), from €55,592 to €75,406
of which Trade receivables: +€17,625
- Stocks and contracts -€5,627
down €5,627 (-11.5%), from €48,966 to €43,339
of which Stocks: -€3,878
- Other debts +€116,422
up €116,422 (+1,588%), from €7,333 to €123,755
- Reserves -€106,391
down €106,391 (-100%), from €106,391 to €0
- Debts after one year -€47,239
down €47,239 (-31.1%), from €151,761 to €104,522
- Trade debts +€32,427
up €32,427 (+549%), from €5,903 to €38,330
- Accrued charges and deferred income -€25,068
down €25,068 (-100%), from €25,068 to €0
- Gross operating margin +€50,139
up €50,139 (+31.1%), from €161,005 to €211,144
- Staff costs +€44,831
up €44,831 (+50.5%), from €88,715 to €133,545
- Taxes +€2,356
up €2,356 (+35.2%), from €6,694 to €9,051
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 | €388,661 | €364,776 | -€23,884 | -6.1% |
| Fixed assets | 21/28 | €210,925 | €170,846 | -€40,079 | -19.0% |
| Tangible fixed assets | 22/27 | €210,925 | €170,846 | -€40,079 | -19.0% |
| Land and buildings | 22 | €47,971 | €41,522 | -€6,449 | -13.4% |
| Plant, machinery and equipment | 23 | €153,701 | €125,112 | -€28,589 | -18.6% |
| Furniture and vehicles | 24 | €9,252 | €4,211 | -€5,041 | -54.5% |
| Current assets | 29/58 | €177,736 | €193,931 | +€16,195 | +9.1% |
| Stocks and contracts in progress | 3 | €48,966 | €43,339 | -€5,627 | -11.5% |
| Stocks | 30/36 | €30,555 | €26,677 | -€3,878 | -12.7% |
| Contracts in progress | 37 | €18,410 | €16,662 | -€1,748 | -9.5% |
| Amounts receivable within one year | 40/41 | €55,592 | €75,406 | +€19,814 | +35.6% |
| Trade receivables | 40 | €49,029 | €66,653 | +€17,625 | +35.9% |
| Other amounts receivable | 41 | €6,564 | €8,753 | +€2,189 | +33.4% |
| Cash at bank and in hand | 54/58 | €69,996 | €70,106 | +€110 | +0.2% |
| Deferred charges and accrued income | 490/1 | €3,182 | €5,080 | +€1,897 | +59.6% |
| Total equity and liabilities | 10/49 | €388,661 | €364,776 | -€23,884 | -6.1% |
| Equity | 10/15 | €126,391 | €20,000 | -€106,391 | -84.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €106,391 | €0 | -€106,391 | -100% |
| Distributable reserves | 133 | €106,391 | €0 | -€106,391 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €262,270 | €344,776 | +€82,506 | +31.5% |
| Amounts payable after more than one year | 17 | €151,761 | €104,522 | -€47,239 | -31.1% |
| Financial debts | 170/4 | €151,761 | €104,522 | -€47,239 | -31.1% |
| Amounts payable within one year | 42/48 | €85,441 | €240,254 | +€154,813 | +181% |
| Current portion of amounts payable after more than one year | 42 | €45,437 | €47,239 | +€1,802 | +4.0% |
| Trade debts | 44 | €5,903 | €38,330 | +€32,427 | +549% |
| Suppliers | 440/4 | €5,903 | €38,330 | +€32,427 | +549% |
| Taxes, remuneration and social security | 45 | €26,769 | €30,930 | +€4,162 | +15.5% |
| Taxes | 450/3 | €20,935 | €20,709 | -€226 | -1.1% |
| Remuneration and social security | 454/9 | €5,834 | €10,222 | +€4,388 | +75.2% |
| Other amounts payable | 47/48 | €7,333 | €123,755 | +€116,422 | +1,588% |
| Accrued charges and deferred income | 492/3 | €25,068 | €0 | -€25,068 | -100% |
| Remuneration, social security and pensions | 62 | €88,715 | €133,545 | +€44,831 | +50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,602 | €40,079 | -€1,523 | -3.7% |
| Other operating charges | 640/8 | €1,564 | €1,349 | -€215 | -13.8% |
| Gross operating margin | 9900 | €161,005 | €211,144 | +€50,139 | +31.1% |
| Operating profit (loss) | 9901 | €29,124 | €36,171 | +€7,046 | +24.2% |
| Financial income | 75/76B | €811 | €126 | -€685 | -84.5% |
| Recurring financial income | 75 | €811 | €126 | -€685 | -84.5% |
| Financial charges | 65/66B | €8,194 | €6,670 | -€1,524 | -18.6% |
| Recurring financial charges | 65 | €8,194 | €6,670 | -€1,524 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €21,741 | €29,627 | +€7,886 | +36.3% |
| Income taxes | 67/77 | €6,694 | €9,051 | +€2,356 | +35.2% |
| Profit (loss) for the period | 9904 | €15,047 | €20,576 | +€5,529 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,047 | €20,576 | +€5,529 | +36.7% |
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 13 October 2026 via checked.be.