I iA: 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 iA
Largest movements
- Cash +€68,619
up €68,619 (+732%), from €9,371 to €77,990
mainly Depreciation (+€108,447) and Trade debts (+€64,630)
- Tangible fixed assets -€42,031
down €42,031 (-16.4%), from €255,934 to €213,903
of which Furniture and vehicles: -€49,811
- Stocks and contracts +€14,055
up €14,055 (+70.0%), from €20,076 to €34,130
- Receivables within one year -€8,728
down €8,728 (-2.1%), from €411,936 to €403,208
of which Other amounts receivable: -€8,267
- Trade debts +€64,630
up €64,630 (+94.0%), from €68,751 to €133,381
- Debts after one year -€31,747
down €31,747 (-28.2%), from €112,440 to €80,693
- Tax, wage and social debts -€21,211
down €21,211 (-17.4%), from €121,628 to €100,418
of which Taxes: -€35,593
- Staff costs +€127,365
up €127,365 (+28.8%), from €442,849 to €570,214
- Gross operating margin +€76,308
up €76,308 (+11.4%), from €667,230 to €743,538
- Depreciation +€34,444
up €34,444 (+46.5%), from €74,003 to €108,447
- Taxes -€23,740
down €23,740 (-77.0%), from €30,824 to €7,084
- Financial charges +€22,492
up €22,492 (+99.7%), from €22,550 to €45,041
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 | €719,191 | €745,320 | +€26,129 | +3.6% |
| Fixed assets | 21/28 | €277,809 | €229,992 | -€47,816 | -17.2% |
| Intangible fixed assets | 21 | €12,997 | €7,212 | -€5,785 | -44.5% |
| Tangible fixed assets | 22/27 | €255,934 | €213,903 | -€42,031 | -16.4% |
| Plant, machinery and equipment | 23 | €19,781 | €6,071 | -€13,710 | -69.3% |
| Furniture and vehicles | 24 | €212,462 | €162,651 | -€49,811 | -23.4% |
| Other tangible fixed assets | 26 | €23,692 | €45,181 | +€21,490 | +90.7% |
| Financial fixed assets | 28 | €8,878 | €8,878 | = | 0.0% |
| Current assets | 29/58 | €441,382 | €515,328 | +€73,946 | +16.8% |
| Stocks and contracts in progress | 3 | €20,076 | €34,130 | +€14,055 | +70.0% |
| Stocks | 30/36 | €20,076 | €34,130 | +€14,055 | +70.0% |
| Amounts receivable within one year | 40/41 | €411,936 | €403,208 | -€8,728 | -2.1% |
| Trade receivables | 40 | €461 | - | -€461 | |
| Other amounts receivable | 41 | €411,475 | €403,208 | -€8,267 | -2.0% |
| Cash at bank and in hand | 54/58 | €9,371 | €77,990 | +€68,619 | +732% |
| Total equity and liabilities | 10/49 | €719,191 | €745,320 | +€26,129 | +3.6% |
| Equity | 10/15 | €347,654 | €353,178 | +€5,524 | +1.6% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €3,860 | €3,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,860 | €3,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,860 | €3,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305,194 | €310,718 | +€5,524 | +1.8% |
| Amounts payable | 17/49 | €371,537 | €392,142 | +€20,605 | +5.5% |
| Amounts payable after more than one year | 17 | €112,440 | €80,693 | -€31,747 | -28.2% |
| Financial debts | 170/4 | €112,440 | €80,693 | -€31,747 | -28.2% |
| Amounts payable within one year | 42/48 | €259,097 | €311,449 | +€52,352 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €49,621 | €54,370 | +€4,749 | +9.6% |
| Financial debts | 43 | €19,096 | €23,280 | +€4,184 | +21.9% |
| Credit institutions | 430/8 | €19,096 | €23,280 | +€4,184 | +21.9% |
| Trade debts | 44 | €68,751 | €133,381 | +€64,630 | +94.0% |
| Suppliers | 440/4 | €68,751 | €133,381 | +€64,630 | +94.0% |
| Taxes, remuneration and social security | 45 | €121,628 | €100,418 | -€21,211 | -17.4% |
| Taxes | 450/3 | €67,688 | €32,095 | -€35,593 | -52.6% |
| Remuneration and social security | 454/9 | €53,940 | €68,323 | +€14,383 | +26.7% |
| Remuneration, social security and pensions | 62 | €442,849 | €570,214 | +€127,365 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,003 | €108,447 | +€34,444 | +46.5% |
| Other operating charges | 640/8 | €16,115 | €8,405 | -€7,710 | -47.8% |
| Gross operating margin | 9900 | €667,230 | €743,538 | +€76,308 | +11.4% |
| Operating profit (loss) | 9901 | €134,264 | €56,472 | -€77,791 | -57.9% |
| Financial income | 75/76B | €1 | €1,177 | +€1,176 | +217,869% |
| Recurring financial income | 75 | €1 | €1,177 | +€1,176 | +217,869% |
| Financial charges | 65/66B | €22,550 | €45,041 | +€22,492 | +99.7% |
| Recurring financial charges | 65 | €22,550 | €45,041 | +€22,492 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €111,715 | €12,608 | -€99,107 | -88.7% |
| Income taxes | 67/77 | €30,824 | €7,084 | -€23,740 | -77.0% |
| Profit (loss) for the period | 9904 | €80,891 | €5,524 | -€75,366 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,891 | €5,524 | -€75,366 | -93.2% |
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 27 October 2026 via checked.be.