I³: 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.
I³
Largest movements
- Tangible fixed assets -€13,952
down €13,952 (-23.8%), from €58,688 to €44,737
of which Furniture and vehicles: -€15,866
- Current investments +€10,000
up €10,000 (+25.0%), from €40,000 to €50,000
- Receivables within one year -€4,784
down €4,784 (-21.7%), from €22,041 to €17,257
of which Other amounts receivable: -€5,400
- Cash -€2,285
down €2,285 (-9.1%), from €25,097 to €22,812
mainly Debts after one year (-€13,172) and Current investments (-€10,000)
- Debts after one year -€13,172
down €13,172 (-59.7%), from €22,061 to €8,890
- Reserves +€4,300
up €4,300 (+5.1%), from €84,900 to €89,200
- Gross operating margin -€6,646
down €6,646 (-15.4%), from €43,202 to €36,556
- Depreciation -€5,626
down €5,626 (-19.3%), from €29,209 to €23,584
- Taxes +€1,710
up €1,710 (+33.5%), from €5,100 to €6,810
- Financial income -€603
down €603 (-66.4%), from €908 to €305
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 | €146,081 | €136,069 | -€10,013 | -6.9% |
| Fixed assets | 21/28 | €58,688 | €44,737 | -€13,952 | -23.8% |
| Tangible fixed assets | 22/27 | €58,688 | €44,737 | -€13,952 | -23.8% |
| Plant, machinery and equipment | 23 | €0 | €1,914 | +€1,914 | |
| Furniture and vehicles | 24 | €58,688 | €42,823 | -€15,866 | -27.0% |
| Current assets | 29/58 | €87,393 | €91,332 | +€3,939 | +4.5% |
| Amounts receivable within one year | 40/41 | €22,041 | €17,257 | -€4,784 | -21.7% |
| Trade receivables | 40 | €13,541 | €14,157 | +€616 | +4.5% |
| Other amounts receivable | 41 | €8,500 | €3,100 | -€5,400 | -63.5% |
| Current investments | 50/53 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €25,097 | €22,812 | -€2,285 | -9.1% |
| Deferred charges and accrued income | 490/1 | €255 | €1,263 | +€1,008 | +395.1% |
| Total equity and liabilities | 10/49 | €146,081 | €136,069 | -€10,013 | -6.9% |
| Equity | 10/15 | €91,358 | €95,664 | +€4,306 | +4.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,900 | €89,200 | +€4,300 | +5.1% |
| Distributable reserves | 133 | €84,900 | €89,200 | +€4,300 | +5.1% |
| Profit (loss) carried forward | 14 | €1,458 | €1,464 | +€6 | +0.4% |
| Amounts payable | 17/49 | €54,724 | €40,405 | -€14,318 | -26.2% |
| Amounts payable after more than one year | 17 | €22,061 | €8,890 | -€13,172 | -59.7% |
| Financial debts | 170/4 | €22,061 | €8,890 | -€13,172 | -59.7% |
| Amounts payable within one year | 42/48 | €32,662 | €31,516 | -€1,146 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €13,588 | €13,172 | -€416 | -3.1% |
| Trade debts | 44 | €4,047 | €3,503 | -€543 | -13.4% |
| Suppliers | 440/4 | €4,047 | €3,503 | -€543 | -13.4% |
| Taxes, remuneration and social security | 45 | €11,415 | €10,236 | -€1,179 | -10.3% |
| Taxes | 450/3 | €8,415 | €7,236 | -€1,179 | -14.0% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €3,613 | €4,604 | +€992 | +27.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,209 | €23,584 | -€5,626 | -19.3% |
| Other operating charges | 640/8 | €1,408 | €1,551 | +€143 | +10.2% |
| Gross operating margin | 9900 | €43,202 | €36,556 | -€6,646 | -15.4% |
| Operating profit (loss) | 9901 | €12,585 | €11,421 | -€1,164 | -9.2% |
| Financial income | 75/76B | €908 | €305 | -€603 | -66.4% |
| Recurring financial income | 75 | €908 | €305 | -€603 | -66.4% |
| Financial charges | 65/66B | €860 | €610 | -€250 | -29.1% |
| Recurring financial charges | 65 | €860 | €610 | -€250 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €12,633 | €11,116 | -€1,517 | -12.0% |
| Income taxes | 67/77 | €5,100 | €6,810 | +€1,710 | +33.5% |
| Profit (loss) for the period | 9904 | €7,533 | €4,306 | -€3,227 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,533 | €4,306 | -€3,227 | -42.8% |
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 8 October 2026 via checked.be.