i-FalP: 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-FalP
Largest movements
- Tangible fixed assets +€1.7m
new in 2025: €1.7m
- Cash +€1.7m
up €1.7m (+5,382%), from €30,859 to €1.7m
mainly Other debts (+€3.0m) and Net result for the year (+€1.4m)
- Financial fixed assets +€1.1m
up €1.1m (+1.6%), from €71.5m to €72.6m
- Other debts +€3.0m
up €3.0m (+4.1%), from €73.5m to €76.6m
- Profit (loss) carried forward +€1.4m
up €1.4m (+50.8%), from €2.7m to €4.0m
- Financial income +€369,092
up €369,092 (+31.6%), from €1.2m to €1.5m
- Depreciation +€156,431
new in 2025: €156,431
- Taxes -€31,221
no longer reported in 2025 (was €31,221)
- Financial charges +€4,431
up €4,431 (+5,217%), from €85 to €4,516
- Gross operating margin -€2,184
down €2,184 (-12.7%), from -€17,175 to -€19,359
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 | €76,306,728 | €80,699,363 | +€4.4m | +5.8% |
| Fixed assets | 21/28 | €71,453,018 | €74,252,187 | +€2.8m | +3.9% |
| Tangible fixed assets | 22/27 | - | €1,675,334 | +€1.7m | |
| Land and buildings | 22 | - | €1,675,334 | +€1.7m | |
| Financial fixed assets | 28 | €71,453,018 | €72,576,853 | +€1.1m | +1.6% |
| Current assets | 29/58 | €4,853,710 | €6,447,176 | +€1.6m | +32.8% |
| Amounts receivable within one year | 40/41 | €22,851 | €55,543 | +€32,692 | +143% |
| Trade receivables | 40 | €10,381 | €10,978 | +€597 | +5.8% |
| Other amounts receivable | 41 | €12,470 | €44,565 | +€32,095 | +257% |
| Current investments | 50/53 | €4,800,000 | €4,700,000 | -€100,000 | -2.1% |
| Cash at bank and in hand | 54/58 | €30,859 | €1,691,632 | +€1.7m | +5,382% |
| Total equity and liabilities | 10/49 | €76,306,728 | €80,699,363 | +€4.4m | +5.8% |
| Equity | 10/15 | €2,768,628 | €4,123,741 | +€1.4m | +48.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | - | -€100,000 | |
| Other | 1109/19 | €100,000 | - | -€100,000 | |
| Profit (loss) carried forward | 14 | €2,668,628 | €4,023,741 | +€1.4m | +50.8% |
| Amounts payable | 17/49 | €73,538,100 | €76,575,621 | +€3.0m | +4.1% |
| Amounts payable within one year | 42/48 | €73,538,100 | €76,575,621 | +€3.0m | +4.1% |
| Other amounts payable | 47/48 | €73,538,100 | €76,575,621 | +€3.0m | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €156,431 | +€156,431 | |
| Other operating charges | 640/8 | - | €60 | +€60 | |
| Gross operating margin | 9900 | -€17,175 | -€19,359 | -€2,184 | -12.7% |
| Operating profit (loss) | 9901 | -€17,175 | -€175,850 | -€158,675 | -924% |
| Financial income | 75/76B | €1,166,387 | €1,535,479 | +€369,092 | +31.6% |
| Recurring financial income | 75 | €1,166,387 | €1,535,479 | +€369,092 | +31.6% |
| Financial charges | 65/66B | €85 | €4,516 | +€4,431 | +5,217% |
| Recurring financial charges | 65 | €85 | €4,516 | +€4,431 | +5,217% |
| Profit (loss) for the period before taxes | 9903 | €1,149,127 | €1,355,113 | +€205,986 | +17.9% |
| Income taxes | 67/77 | €31,221 | - | -€31,221 | |
| Profit (loss) for the period | 9904 | €1,117,906 | €1,355,113 | +€237,207 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,117,906 | €1,355,113 | +€237,207 | +21.2% |
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 18 October 2026 via checked.be.