i-Conclusion: 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-Conclusion
Largest movements
- Receivables within one year +€3,020
up €3,020 (+2.3%), from €132,013 to €135,033
- Profit (loss) carried forward +€4,543
up €4,543, from -€2,460 to €2,084
- Tax, wage and social debts -€2,459
down €2,459 (-14.3%), from €17,175 to €14,716
- Gross operating margin +€1,152
up €1,152 (+53.0%), from €2,174 to €3,326
- Financial charges -€670
no longer reported in 2025 (was €670)
- Taxes +€308
up €308 (+53.0%), from €580 to €888
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,013 | €135,033 | +€3,020 | +2.3% |
| Current assets | 29/58 | €132,013 | €135,033 | +€3,020 | +2.3% |
| Amounts receivable within one year | 40/41 | €132,013 | €135,033 | +€3,020 | +2.3% |
| Other amounts receivable | 41 | €132,013 | €135,033 | +€3,020 | +2.3% |
| Total equity and liabilities | 10/49 | €132,013 | €135,033 | +€3,020 | +2.3% |
| Equity | 10/15 | €114,600 | €119,144 | +€4,543 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €110,860 | €110,860 | = | 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% |
| Distributable reserves | 133 | €109,000 | €109,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,460 | €2,084 | +€4,543 | |
| Amounts payable | 17/49 | €17,413 | €15,889 | -€1,524 | -8.7% |
| Amounts payable within one year | 42/48 | €17,413 | €15,889 | -€1,524 | -8.7% |
| Trade debts | 44 | €237 | €1,173 | +€936 | +394.4% |
| Suppliers | 440/4 | €237 | €1,173 | +€936 | +394.4% |
| Taxes, remuneration and social security | 45 | €17,175 | €14,716 | -€2,459 | -14.3% |
| Taxes | 450/3 | €17,175 | €14,716 | -€2,459 | -14.3% |
| Gross operating margin | 9900 | €2,174 | €3,326 | +€1,152 | +53.0% |
| Operating profit (loss) | 9901 | €2,174 | €3,326 | +€1,152 | +53.0% |
| Financial charges | 65/66B | €670 | - | -€670 | |
| Recurring financial charges | 65 | €670 | - | -€670 | |
| Profit (loss) for the period before taxes | 9903 | €1,505 | €3,326 | +€1,822 | +121.1% |
| Income taxes | 67/77 | €580 | €888 | +€308 | +53.0% |
| Profit (loss) for the period | 9904 | €924 | €2,439 | +€1,514 | +163.9% |
| Profit (loss) for the period to be appropriated | 9905 | €924 | €2,439 | +€1,514 | +163.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.