I-DEFIX: 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-DEFIX
Largest movements
- Receivables within one year -€138,152
down €138,152 (-68.1%), from €202,849 to €64,697
of which Trade receivables: -€131,600
- Cash +€107,874
up €107,874 (+113%), from €95,684 to €203,557
mainly Receivables within one year (+€138,152) and Depreciation (+€9,583)
- Tangible fixed assets -€9,178
down €9,178 (-28.9%), from €31,788 to €22,610
of which Furniture and vehicles: -€5,318
- Trade debts -€48,314
down €48,314 (-69.1%), from €69,912 to €21,598
- Advances received +€8,908
up €8,908 (+7.3%), from €121,779 to €130,687
- Tax, wage and social debts +€5,004
up €5,004 (+13.4%), from €37,269 to €42,273
of which Taxes: +€6,411
- Debts after one year -€4,670
down €4,670 (-74.9%), from €6,236 to €1,566
- Gross operating margin +€3,909
up €3,909 (+43.2%), from €9,050 to €12,959
- Depreciation -€2,499
down €2,499 (-20.7%), from €12,082 to €9,583
- Taxes +€1,588
up €1,588 (+1,240%), from €128 to €1,716
- Other operating charges +€566
up €566 (+55.4%), from €1,023 to €1,589
- Financial income +€150
new in 2025: €150
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 | €336,423 | €294,326 | -€42,098 | -12.5% |
| Fixed assets | 21/28 | €32,423 | €22,660 | -€9,763 | -30.1% |
| Intangible fixed assets | 21 | €406 | - | -€406 | |
| Tangible fixed assets | 22/27 | €31,788 | €22,610 | -€9,178 | -28.9% |
| Furniture and vehicles | 24 | €11,720 | €6,402 | -€5,318 | -45.4% |
| Other tangible fixed assets | 26 | €20,068 | €16,208 | -€3,859 | -19.2% |
| Financial fixed assets | 28 | €230 | €50 | -€180 | -78.3% |
| Current assets | 29/58 | €304,000 | €271,666 | -€32,334 | -10.6% |
| Stocks and contracts in progress | 3 | €1,410 | - | -€1,410 | |
| Stocks | 30/36 | €1,410 | - | -€1,410 | |
| Amounts receivable within one year | 40/41 | €202,849 | €64,697 | -€138,152 | -68.1% |
| Trade receivables | 40 | €195,477 | €63,878 | -€131,600 | -67.3% |
| Other amounts receivable | 41 | €7,372 | €820 | -€6,552 | -88.9% |
| Cash at bank and in hand | 54/58 | €95,684 | €203,557 | +€107,874 | +113% |
| Deferred charges and accrued income | 490/1 | €4,057 | €3,411 | -€646 | -15.9% |
| Total equity and liabilities | 10/49 | €336,423 | €294,326 | -€42,098 | -12.5% |
| Equity | 10/15 | €90,436 | €88,604 | -€1,833 | -2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,436 | €66,604 | -€1,833 | -2.7% |
| Amounts payable | 17/49 | €245,987 | €205,722 | -€40,265 | -16.4% |
| Amounts payable after more than one year | 17 | €6,236 | €1,566 | -€4,670 | -74.9% |
| Financial debts | 170/4 | €6,236 | €1,566 | -€4,670 | -74.9% |
| Amounts payable within one year | 42/48 | €237,692 | €202,492 | -€35,200 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €4,626 | €4,670 | +€44 | +1.0% |
| Trade debts | 44 | €69,912 | €21,598 | -€48,314 | -69.1% |
| Suppliers | 440/4 | €69,912 | €21,598 | -€48,314 | -69.1% |
| Advances received on contracts in progress | 46 | €121,779 | €130,687 | +€8,908 | +7.3% |
| Taxes, remuneration and social security | 45 | €37,269 | €42,273 | +€5,004 | +13.4% |
| Taxes | 450/3 | €35,861 | €42,273 | +€6,411 | +17.9% |
| Remuneration and social security | 454/9 | €1,408 | - | -€1,408 | |
| Other amounts payable | 47/48 | €4,106 | €3,264 | -€842 | -20.5% |
| Accrued charges and deferred income | 492/3 | €2,059 | €1,663 | -€395 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,082 | €9,583 | -€2,499 | -20.7% |
| Other operating charges | 640/8 | €1,023 | €1,589 | +€566 | +55.4% |
| Gross operating margin | 9900 | €9,050 | €12,959 | +€3,909 | +43.2% |
| Operating profit (loss) | 9901 | -€4,055 | €1,787 | +€5,842 | |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €1,915 | €2,054 | +€139 | +7.3% |
| Recurring financial charges | 65 | €1,915 | €2,054 | +€139 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,970 | -€117 | +€5,853 | +98.0% |
| Income taxes | 67/77 | €128 | €1,716 | +€1,588 | +1,240% |
| Profit (loss) for the period | 9904 | -€6,098 | -€1,833 | +€4,265 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,098 | -€1,833 | +€4,265 | +69.9% |
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 14 October 2026 via checked.be.