I-ADMIN: 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.
I-ADMIN
Largest movements
- Tangible fixed assets -€9,776
down €9,776 (-3.5%), from €279,305 to €269,529
- Receivables within one year +€4,373
up €4,373 (+71.8%), from €6,094 to €10,468
of which Trade receivables: +€4,114
- Debts after one year -€9,887
down €9,887 (-10.0%), from €98,642 to €88,755
- Reserves +€5,000
up €5,000 (+8.1%), from €61,359 to €66,359
- Other debts -€3,784
down €3,784 (-3.8%), from €99,853 to €96,069
- Gross operating margin +€3,627
up €3,627 (+15.2%), from €23,811 to €27,438
- Depreciation -€3,308
down €3,308 (-23.1%), from €14,321 to €11,014
- Financial charges -€1,317
down €1,317 (-12.6%), from €10,486 to €9,170
- Taxes +€500
new in 2025: €500
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 | €297,088 | €289,995 | -€7,093 | -2.4% |
| Fixed assets | 21/28 | €279,305 | €269,529 | -€9,776 | -3.5% |
| Tangible fixed assets | 22/27 | €279,305 | €269,529 | -€9,776 | -3.5% |
| Land and buildings | 22 | €87,057 | €84,534 | -€2,523 | -2.9% |
| Plant, machinery and equipment | 23 | €8,158 | €5,187 | -€2,971 | -36.4% |
| Furniture and vehicles | 24 | €3,677 | €242 | -€3,435 | -93.4% |
| Other tangible fixed assets | 26 | €180,414 | €179,567 | -€847 | -0.5% |
| Current assets | 29/58 | €17,783 | €20,466 | +€2,683 | +15.1% |
| Amounts receivable within one year | 40/41 | €6,094 | €10,468 | +€4,373 | +71.8% |
| Trade receivables | 40 | €5,082 | €9,196 | +€4,114 | +81.0% |
| Other amounts receivable | 41 | €1,012 | €1,272 | +€259 | +25.6% |
| Cash at bank and in hand | 54/58 | €9,445 | €9,067 | -€378 | -4.0% |
| Deferred charges and accrued income | 490/1 | €2,243 | €931 | -€1,312 | -58.5% |
| Total equity and liabilities | 10/49 | €297,088 | €289,995 | -€7,093 | -2.4% |
| Equity | 10/15 | €80,466 | €85,653 | +€5,187 | +6.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,359 | €66,359 | +€5,000 | +8.1% |
| Distributable reserves | 133 | €61,359 | €66,359 | +€5,000 | +8.1% |
| Profit (loss) carried forward | 14 | €515 | €702 | +€187 | +36.4% |
| Amounts payable | 17/49 | €216,623 | €204,342 | -€12,280 | -5.7% |
| Amounts payable after more than one year | 17 | €98,642 | €88,755 | -€9,887 | -10.0% |
| Financial debts | 170/4 | €98,642 | €88,755 | -€9,887 | -10.0% |
| Amounts payable within one year | 42/48 | €111,174 | €109,891 | -€1,283 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €9,566 | €9,887 | +€321 | +3.4% |
| Trade debts | 44 | €1,227 | €1,449 | +€222 | +18.1% |
| Suppliers | 440/4 | €1,227 | €1,449 | +€222 | +18.1% |
| Taxes, remuneration and social security | 45 | €528 | €2,486 | +€1,958 | +371.0% |
| Taxes | 450/3 | €528 | €2,486 | +€1,958 | +371.0% |
| Other amounts payable | 47/48 | €99,853 | €96,069 | -€3,784 | -3.8% |
| Accrued charges and deferred income | 492/3 | €6,807 | €5,697 | -€1,110 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,321 | €11,014 | -€3,308 | -23.1% |
| Other operating charges | 640/8 | €1,557 | €1,605 | +€47 | +3.0% |
| Gross operating margin | 9900 | €23,811 | €27,438 | +€3,627 | +15.2% |
| Operating profit (loss) | 9901 | €7,932 | €14,820 | +€6,888 | +86.8% |
| Financial income | 75/76B | €35 | €37 | +€2 | +5.1% |
| Recurring financial income | 75 | €35 | €37 | +€2 | +5.1% |
| Financial charges | 65/66B | €10,486 | €9,170 | -€1,317 | -12.6% |
| Recurring financial charges | 65 | €10,486 | €9,170 | -€1,317 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,519 | €5,687 | +€8,206 | |
| Income taxes | 67/77 | - | €500 | +€500 | |
| Profit (loss) for the period | 9904 | -€2,519 | €5,187 | +€7,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,519 | €5,187 | +€7,706 |
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 2 October 2026 via checked.be.