I.D.: 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.D.
Largest movements
- Cash -€255,864
down €255,864 (-83.3%), from €307,067 to €51,203
mainly Trade debts (-€174,478) and Investment in fixed assets (net) (-€136,041)
- Tangible fixed assets +€131,127
up €131,127 (+2114.2%), from €6,202 to €137,329
of which Other tangible fixed assets: +€129,942
- Receivables within one year -€48,861
down €48,861 (-41.7%), from €117,256 to €68,395
of which Trade receivables: -€54,115
- Trade debts -€174,478
down €174,478 (-93.2%), from €187,272 to €12,794
- Tax, wage and social debts -€21,987
down €21,987 (-39.7%), from €55,392 to €33,405
of which Taxes: -€25,512
- Reserves +€19,345
up €19,345 (+13.8%), from €140,158 to €159,502
- Gross operating margin -€56,399
down €56,399 (-26.8%), from €210,608 to €154,209
- Taxes -€21,899
down €21,899 (-69.2%), from €31,645 to €9,746
- Staff costs +€11,407
up €11,407 (+10.8%), from €105,816 to €117,223
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 | €432,851 | €257,510 | -€175,341 | -40.5% |
| Fixed assets | 21/28 | €6,722 | €137,849 | +€131,127 | +1950.7% |
| Tangible fixed assets | 22/27 | €6,202 | €137,329 | +€131,127 | +2114.2% |
| Plant, machinery and equipment | 23 | €6,202 | €5,413 | -€789 | -12.7% |
| Furniture and vehicles | 24 | - | €1,974 | +€1,974 | |
| Other tangible fixed assets | 26 | - | €129,942 | +€129,942 | |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €426,129 | €119,661 | -€306,468 | -71.9% |
| Stocks and contracts in progress | 3 | €40 | - | -€40 | |
| Stocks | 30/36 | €40 | - | -€40 | |
| Amounts receivable within one year | 40/41 | €117,256 | €68,395 | -€48,861 | -41.7% |
| Trade receivables | 40 | €117,256 | €63,141 | -€54,115 | -46.2% |
| Other amounts receivable | 41 | - | €5,254 | +€5,254 | |
| Cash at bank and in hand | 54/58 | €307,067 | €51,203 | -€255,864 | -83.3% |
| Deferred charges and accrued income | 490/1 | €1,766 | €63 | -€1,703 | -96.4% |
| Total equity and liabilities | 10/49 | €432,851 | €257,510 | -€175,341 | -40.5% |
| Equity | 10/15 | €166,693 | €186,038 | +€19,345 | +11.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €140,158 | €159,502 | +€19,345 | +13.8% |
| Distributable reserves | 133 | €140,158 | €159,502 | +€19,345 | +13.8% |
| Profit (loss) carried forward | 14 | €20,035 | €20,035 | = | 0.0% |
| Amounts payable | 17/49 | €266,158 | €71,473 | -€194,686 | -73.1% |
| Amounts payable within one year | 42/48 | €266,158 | €71,473 | -€194,686 | -73.1% |
| Trade debts | 44 | €187,272 | €12,794 | -€174,478 | -93.2% |
| Suppliers | 440/4 | €187,272 | €12,794 | -€174,478 | -93.2% |
| Taxes, remuneration and social security | 45 | €55,392 | €33,405 | -€21,987 | -39.7% |
| Taxes | 450/3 | €42,208 | €16,696 | -€25,512 | -60.4% |
| Remuneration and social security | 454/9 | €13,184 | €16,709 | +€3,525 | +26.7% |
| Other amounts payable | 47/48 | €23,494 | €25,273 | +€1,779 | +7.6% |
| Remuneration, social security and pensions | 62 | €105,816 | €117,223 | +€11,407 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,378 | €4,914 | +€1,536 | +45.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,044 | - | -€1,044 | |
| Other operating charges | 640/8 | €687 | €541 | -€146 | -21.3% |
| Non-recurring operating charges | 66A | €11,900 | - | -€11,900 | |
| Gross operating margin | 9900 | €210,608 | €154,209 | -€56,399 | -26.8% |
| Operating profit (loss) | 9901 | €87,783 | €31,531 | -€56,252 | -64.1% |
| Financial income | 75/76B | €161 | €10 | -€151 | -93.8% |
| Recurring financial income | 75 | €161 | €10 | -€151 | -93.8% |
| Financial charges | 65/66B | €1,360 | €2,450 | +€1,091 | +80.2% |
| Recurring financial charges | 65 | €1,360 | €2,450 | +€1,091 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | €86,584 | €29,091 | -€57,493 | -66.4% |
| Income taxes | 67/77 | €31,645 | €9,746 | -€21,899 | -69.2% |
| Profit (loss) for the period | 9904 | €54,939 | €19,345 | -€35,595 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,939 | €19,345 | -€35,595 | -64.8% |
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 9 October 2026 via checked.be.