i AM VISUAL: 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 AM VISUAL
Largest movements
- Receivables within one year -€50,944
down €50,944 (-65.6%), from €77,643 to €26,700
of which Trade receivables: -€43,022
- Tangible fixed assets +€5,663
up €5,663 (+51.5%), from €10,992 to €16,655
of which Plant, machinery and equipment: +€4,599
- Cash -€5,505
down €5,505 (-98.8%), from €5,570 to €66
mainly Net result for the year (-€48,784) and Trade debts (-€16,857)
- Stocks and contracts +€4,358
new in 2025: €4,358
- Deferred charges and accrued income -€1,949
down €1,949 (-55.3%), from €3,522 to €1,573
- Profit (loss) carried forward -€48,784
down €48,784, from €29,110 to -€19,674
- Other debts +€32,538
new in 2025: €32,538
- Trade debts -€16,857
down €16,857 (-59.9%), from €28,155 to €11,298
- Tax, wage and social debts -€15,536
down €15,536 (-77.7%), from €20,003 to €4,467
- Gross operating margin -€41,749
down €41,749, from €39 to -€41,710
- Depreciation +€2,346
up €2,346 (+151%), from €1,556 to €3,902
- Financial income -€1,460
down €1,460 (-98.0%), from €1,491 to €30
- Financial charges +€875
up €875 (+102%), from €857 to €1,732
- Other operating charges -€871
down €871 (-37.2%), from €2,342 to €1,471
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 | €97,728 | €49,352 | -€48,376 | -49.5% |
| Fixed assets | 21/28 | €10,992 | €16,655 | +€5,663 | +51.5% |
| Tangible fixed assets | 22/27 | €10,992 | €16,655 | +€5,663 | +51.5% |
| Plant, machinery and equipment | 23 | - | €4,599 | +€4,599 | |
| Furniture and vehicles | 24 | €10,992 | €8,291 | -€2,702 | -24.6% |
| Other tangible fixed assets | 26 | - | €3,766 | +€3,766 | |
| Current assets | 29/58 | €86,736 | €32,696 | -€54,039 | -62.3% |
| Stocks and contracts in progress | 3 | - | €4,358 | +€4,358 | |
| Stocks | 30/36 | - | €4,358 | +€4,358 | |
| Amounts receivable within one year | 40/41 | €77,643 | €26,700 | -€50,944 | -65.6% |
| Trade receivables | 40 | €68,340 | €25,319 | -€43,022 | -63.0% |
| Other amounts receivable | 41 | €9,303 | €1,381 | -€7,922 | -85.2% |
| Cash at bank and in hand | 54/58 | €5,570 | €66 | -€5,505 | -98.8% |
| Deferred charges and accrued income | 490/1 | €3,522 | €1,573 | -€1,949 | -55.3% |
| Total equity and liabilities | 10/49 | €97,728 | €49,352 | -€48,376 | -49.5% |
| Equity | 10/15 | €49,570 | €786 | -€48,784 | -98.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,110 | -€19,674 | -€48,784 | |
| Amounts payable | 17/49 | €48,158 | €48,566 | +€408 | +0.8% |
| Amounts payable within one year | 42/48 | €48,158 | €48,566 | +€408 | +0.8% |
| Financial debts | 43 | - | €262 | +€262 | |
| Credit institutions | 430/8 | - | €262 | +€262 | |
| Trade debts | 44 | €28,155 | €11,298 | -€16,857 | -59.9% |
| Suppliers | 440/4 | €28,155 | €11,298 | -€16,857 | -59.9% |
| Taxes, remuneration and social security | 45 | €20,003 | €4,467 | -€15,536 | -77.7% |
| Taxes | 450/3 | €20,003 | €4,467 | -€15,536 | -77.7% |
| Other amounts payable | 47/48 | - | €32,538 | +€32,538 | |
| Non-recurring operating income | 76A | - | €4,917 | +€4,917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,556 | €3,902 | +€2,346 | +151% |
| Other operating charges | 640/8 | €2,342 | €1,471 | -€871 | -37.2% |
| Gross operating margin | 9900 | €39 | -€41,710 | -€41,749 | |
| Operating profit (loss) | 9901 | -€3,859 | -€47,082 | -€43,223 | -1,120% |
| Financial income | 75/76B | €1,491 | €30 | -€1,460 | -98.0% |
| Recurring financial income | 75 | €1,491 | €30 | -€1,460 | -98.0% |
| Financial charges | 65/66B | €857 | €1,732 | +€875 | +102% |
| Recurring financial charges | 65 | €857 | €1,732 | +€875 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€3,225 | -€48,784 | -€45,559 | -1,413% |
| Income taxes | 67/77 | €435 | - | -€435 | |
| Profit (loss) for the period | 9904 | -€3,660 | -€48,784 | -€45,124 | -1,233% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,660 | -€48,784 | -€45,124 | -1,233% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.