I-243: 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.
I-243
Largest movements
- Receivables within one year +€547,907
up €547,907 (+70.7%), from €775,121 to €1.3m
of which Other amounts receivable: +€522,920
- Cash +€326,639
up €326,639 (+25,290%), from €1,292 to €327,930
mainly Debts after one year (+€744,660) and Other debts (+€369,032)
- Debts after one year +€744,660
up €744,660 (+51.0%), from €1.5m to €2.2m
- Other debts +€369,032
up €369,032, from €0 to €369,032
- Short-term financial debts -€350,000
down €350,000 (-100%), from €350,000 to €0
- Current portion of long-term debt +€65,177
up €65,177 (+43.3%), from €150,444 to €215,622
- Financial charges +€23,746
up €23,746 (+114%), from €20,872 to €44,618
- Gross operating margin -€15,229
down €15,229 (-13.1%), from €116,002 to €100,772
- Other operating charges +€13,690
up €13,690, from €0 to €13,690
- Depreciation +€12,014
up €12,014 (+26.6%), from €45,124 to €57,139
- Financial income -€8,527
down €8,527 (-87.7%), from €9,718 to €1,191
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 | €3,363,794 | €4,198,934 | +€835,139 | +24.8% |
| Fixed assets | 21/28 | €2,584,863 | €2,546,185 | -€38,678 | -1.5% |
| Tangible fixed assets | 22/27 | €2,584,863 | €2,546,185 | -€38,678 | -1.5% |
| Land and buildings | 22 | €2,584,863 | €2,546,185 | -€38,678 | -1.5% |
| Current assets | 29/58 | €778,931 | €1,652,748 | +€873,817 | +112% |
| Amounts receivable within one year | 40/41 | €775,121 | €1,323,028 | +€547,907 | +70.7% |
| Trade receivables | 40 | €35,209 | €60,195 | +€24,987 | +71.0% |
| Other amounts receivable | 41 | €739,912 | €1,262,833 | +€522,920 | +70.7% |
| Cash at bank and in hand | 54/58 | €1,292 | €327,930 | +€326,639 | +25,290% |
| Deferred charges and accrued income | 490/1 | €2,518 | €1,790 | -€728 | -28.9% |
| Total equity and liabilities | 10/49 | €3,363,794 | €4,198,934 | +€835,139 | +24.8% |
| Equity | 10/15 | €1,105,427 | €1,100,818 | -€4,609 | -0.4% |
| Contributions | 10/11 | €230,311 | €230,311 | = | 0.0% |
| Reserves | 13 | €889,718 | €870,507 | -€19,211 | -2.2% |
| Tax-exempt reserves | 132 | €887,387 | €856,244 | -€31,144 | -3.5% |
| Distributable reserves | 133 | €2,331 | €14,264 | +€11,933 | +512% |
| Profit (loss) carried forward | 14 | -€14,602 | €0 | +€14,602 | |
| Provisions and deferred taxes | 16 | €287,388 | €277,007 | -€10,381 | -3.6% |
| Deferred taxes | 168 | €287,388 | €277,007 | -€10,381 | -3.6% |
| Amounts payable | 17/49 | €1,970,979 | €2,821,109 | +€850,129 | +43.1% |
| Amounts payable after more than one year | 17 | €1,461,393 | €2,206,053 | +€744,660 | +51.0% |
| Financial debts | 170/4 | €1,461,393 | €2,206,053 | +€744,660 | +51.0% |
| Amounts payable within one year | 42/48 | €509,586 | €615,056 | +€105,470 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €150,444 | €215,622 | +€65,177 | +43.3% |
| Financial debts | 43 | €350,000 | €0 | -€350,000 | -100% |
| Credit institutions | 430/8 | €350,000 | €0 | -€350,000 | -100% |
| Trade debts | 44 | €9,142 | €28,946 | +€19,804 | +217% |
| Suppliers | 440/4 | €9,142 | €28,946 | +€19,804 | +217% |
| Taxes, remuneration and social security | 45 | - | €1,456 | +€1,456 | |
| Taxes | 450/3 | - | €1,456 | +€1,456 | |
| Other amounts payable | 47/48 | €0 | €369,032 | +€369,032 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,124 | €57,139 | +€12,014 | +26.6% |
| Other operating charges | 640/8 | €0 | €13,690 | +€13,690 | |
| Gross operating margin | 9900 | €116,002 | €100,772 | -€15,229 | -13.1% |
| Operating profit (loss) | 9901 | €70,877 | €29,944 | -€40,934 | -57.8% |
| Financial income | 75/76B | €9,718 | €1,191 | -€8,527 | -87.7% |
| Recurring financial income | 75 | €9,718 | €1,191 | -€8,527 | -87.7% |
| Financial charges | 65/66B | €20,872 | €44,618 | +€23,746 | +114% |
| Recurring financial charges | 65 | €20,872 | €44,618 | +€23,746 | +114% |
| Profit (loss) for the period before taxes | 9903 | €59,723 | -€13,484 | -€73,207 | |
| Transfer from deferred taxes | 780 | €9,241 | €10,381 | +€1,140 | +12.3% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | - | €1,507 | +€1,507 | |
| Profit (loss) for the period | 9904 | €68,965 | -€4,609 | -€73,574 | |
| Transfer from tax-exempt reserves | 789 | €27,724 | €31,144 | +€3,420 | +12.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €96,688 | €26,535 | -€70,154 | -72.6% |
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 25 October 2026 via checked.be.