I-FP: 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-FP
Largest movements
- Receivables within one year -€109,734
down €109,734 (-26.7%), from €411,101 to €301,366
of which Trade receivables: -€137,982
- Cash +€16,682
up €16,682 (+9.4%), from €177,798 to €194,480
mainly Receivables within one year (+€109,734) and Net result for the year (+€43,022)
- Other debts -€81,981
down €81,981 (-37.9%), from €216,335 to €134,354
- Staff costs +€123,480
up €123,480 (+37.1%), from €333,125 to €456,606
- Gross operating margin +€31,528
up €31,528 (+6.3%), from €503,770 to €535,298
- Taxes -€20,138
down €20,138 (-46.1%), from €43,673 to €23,535
- Other operating charges -€6,459
down €6,459 (-83.7%), from €7,713 to €1,254
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 | €606,384 | €513,829 | -€92,555 | -15.3% |
| Fixed assets | 21/28 | €10,680 | €11,167 | +€487 | +4.6% |
| Tangible fixed assets | 22/27 | €1,590 | €2,077 | +€487 | +30.6% |
| Furniture and vehicles | 24 | €1,590 | €2,077 | +€487 | +30.6% |
| Financial fixed assets | 28 | €9,090 | €9,090 | = | 0.0% |
| Current assets | 29/58 | €595,704 | €502,661 | -€93,042 | -15.6% |
| Amounts receivable within one year | 40/41 | €411,101 | €301,366 | -€109,734 | -26.7% |
| Trade receivables | 40 | €376,223 | €238,241 | -€137,982 | -36.7% |
| Other amounts receivable | 41 | €34,877 | €63,125 | +€28,248 | +81.0% |
| Cash at bank and in hand | 54/58 | €177,798 | €194,480 | +€16,682 | +9.4% |
| Deferred charges and accrued income | 490/1 | €6,805 | €6,815 | +€10 | +0.2% |
| Total equity and liabilities | 10/49 | €606,384 | €513,829 | -€92,555 | -15.3% |
| Equity | 10/15 | €143,782 | €143,782 | = | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €118,720 | €118,720 | = | 0.0% |
| Distributable reserves | 133 | €118,720 | €118,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62 | €62 | = | 0.0% |
| Amounts payable | 17/49 | €462,602 | €370,047 | -€92,555 | -20.0% |
| Amounts payable within one year | 42/48 | €462,602 | €370,047 | -€92,555 | -20.0% |
| Trade debts | 44 | €179,587 | €173,932 | -€5,655 | -3.1% |
| Suppliers | 440/4 | €179,587 | €173,932 | -€5,655 | -3.1% |
| Taxes, remuneration and social security | 45 | €66,680 | €61,761 | -€4,918 | -7.4% |
| Taxes | 450/3 | €26,699 | €8,433 | -€18,266 | -68.4% |
| Remuneration and social security | 454/9 | €39,981 | €53,329 | +€13,348 | +33.4% |
| Other amounts payable | 47/48 | €216,335 | €134,354 | -€81,981 | -37.9% |
| Remuneration, social security and pensions | 62 | €333,125 | €456,606 | +€123,480 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,596 | €1,776 | +€179 | +11.2% |
| Other operating charges | 640/8 | €7,713 | €1,254 | -€6,459 | -83.7% |
| Gross operating margin | 9900 | €503,770 | €535,298 | +€31,528 | +6.3% |
| Operating profit (loss) | 9901 | €161,336 | €75,664 | -€85,672 | -53.1% |
| Financial income | 75/76B | €1 | €22 | +€22 | +2,634% |
| Recurring financial income | 75 | €1 | €22 | +€22 | +2,634% |
| Financial charges | 65/66B | €7,822 | €9,129 | +€1,307 | +16.7% |
| Recurring financial charges | 65 | €7,822 | €9,129 | +€1,307 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €153,515 | €66,557 | -€86,958 | -56.6% |
| Income taxes | 67/77 | €43,673 | €23,535 | -€20,138 | -46.1% |
| Profit (loss) for the period | 9904 | €109,842 | €43,022 | -€66,820 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €109,842 | €43,022 | -€66,820 | -60.8% |
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 30 October 2026 via checked.be.