I-NATIVE: 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-NATIVE
Largest movements
- Tangible fixed assets +€215,289
up €215,289 (+49.9%), from €431,670 to €646,960
of which Other tangible fixed assets: +€211,515
- Receivables within one year -€128,718
down €128,718 (-37.2%), from €345,555 to €216,837
of which Other amounts receivable: -€130,846
- Cash +€13,133
up €13,133 (+218.3%), from €6,016 to €19,149
mainly Receivables within one year (+€128,718) and Net result for the year (+€44,299)
- Reserves +€44,299
up €44,299 (+10.3%), from €430,079 to €474,378
- Debts after one year +€36,051
up €36,051 (+15.7%), from €229,840 to €265,890
- Tax, wage and social debts +€27,883
up €27,883 (+46.5%), from €60,008 to €87,891
- Current portion of long-term debt -€21,569
down €21,569 (-39.2%), from €54,996 to €33,427
- Gross operating margin -€39,541
down €39,541 (-25.3%), from €156,187 to €116,646
- Taxes -€28,238
down €28,238 (-59.3%), from €47,587 to €19,348
- Depreciation +€18,994
up €18,994 (+104.2%), from €18,223 to €37,217
- Financial income -€16,192
down €16,192 (-75.7%), from €21,402 to €5,210
- Financial charges +€6,294
up €6,294 (+48.2%), from €13,061 to €19,355
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €787,116 | €886,733 | +€99,617 | +12.7% |
| Fixed assets | 21/28 | €431,670 | €646,960 | +€215,289 | +49.9% |
| Tangible fixed assets | 22/27 | €431,670 | €646,960 | +€215,289 | +49.9% |
| Land and buildings | 22 | €8,744 | €6,687 | -€2,057 | -23.5% |
| Plant, machinery and equipment | 23 | - | €2,621 | +€2,621 | |
| Furniture and vehicles | 24 | €15,807 | €19,018 | +€3,211 | +20.3% |
| Other tangible fixed assets | 26 | €398,821 | €610,336 | +€211,515 | +53.0% |
| Assets under construction and advance payments | 27 | €8,298 | €8,298 | = | 0.0% |
| Current assets | 29/58 | €355,446 | €239,773 | -€115,673 | -32.5% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €345,555 | €216,837 | -€128,718 | -37.2% |
| Trade receivables | 40 | €15,125 | €17,253 | +€2,128 | +14.1% |
| Other amounts receivable | 41 | €330,430 | €199,584 | -€130,846 | -39.6% |
| Cash at bank and in hand | 54/58 | €6,016 | €19,149 | +€13,133 | +218.3% |
| Deferred charges and accrued income | 490/1 | €1,875 | €1,787 | -€88 | -4.7% |
| Total equity and liabilities | 10/49 | €787,116 | €886,733 | +€99,617 | +12.7% |
| Equity | 10/15 | €436,279 | €480,578 | +€44,299 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €430,079 | €474,378 | +€44,299 | +10.3% |
| Distributable reserves | 133 | €430,079 | €474,378 | +€44,299 | +10.3% |
| Amounts payable | 17/49 | €350,837 | €406,155 | +€55,318 | +15.8% |
| Amounts payable after more than one year | 17 | €229,840 | €265,890 | +€36,051 | +15.7% |
| Financial debts | 170/4 | €229,840 | €265,890 | +€36,051 | +15.7% |
| Amounts payable within one year | 42/48 | €120,650 | €139,943 | +€19,292 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €54,996 | €33,427 | -€21,569 | -39.2% |
| Financial debts | 43 | - | €5,134 | +€5,134 | |
| Credit institutions | 430/8 | - | €5,134 | +€5,134 | |
| Trade debts | 44 | €5,646 | €13,490 | +€7,844 | +138.9% |
| Suppliers | 440/4 | €5,646 | €13,490 | +€7,844 | +138.9% |
| Taxes, remuneration and social security | 45 | €60,008 | €87,891 | +€27,883 | +46.5% |
| Taxes | 450/3 | €60,008 | €87,891 | +€27,883 | +46.5% |
| Accrued charges and deferred income | 492/3 | €347 | €322 | -€25 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,223 | €37,217 | +€18,994 | +104.2% |
| Other operating charges | 640/8 | €1,838 | €1,637 | -€201 | -11.0% |
| Gross operating margin | 9900 | €156,187 | €116,646 | -€39,541 | -25.3% |
| Operating profit (loss) | 9901 | €136,125 | €77,792 | -€58,333 | -42.9% |
| Financial income | 75/76B | €21,402 | €5,210 | -€16,192 | -75.7% |
| Recurring financial income | 75 | €21,402 | €5,210 | -€16,192 | -75.7% |
| Financial charges | 65/66B | €13,061 | €19,355 | +€6,294 | +48.2% |
| Recurring financial charges | 65 | €13,061 | €19,355 | +€6,294 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €144,466 | €63,648 | -€80,819 | -55.9% |
| Income taxes | 67/77 | €47,587 | €19,348 | -€28,238 | -59.3% |
| Profit (loss) for the period | 9904 | €96,880 | €44,299 | -€52,581 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,880 | €44,299 | -€52,581 | -54.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.