I.P.: what changed
Two fiscal 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.P.
Largest movements
- Tangible fixed assets -€7,085
down €7,085 (-16.9%), from €41,849 to €34,764
of which Furniture and vehicles: -€4,464
- Receivables within one year -€5,740
down €5,740 (-44.2%), from €12,977 to €7,237
of which Trade receivables: -€4,896
- Financial fixed assets -€2,650
down €2,650 (-82.8%), from €3,202 to €552
- Cash -€974
down €974 (-5.2%), from €18,739 to €17,765
mainly Net result for the year (-€7,758) and Debts after one year (-€3,889)
- Profit (loss) carried forward -€7,758
down €7,758 (-54.1%), from -€14,340 to -€22,097
- Debts after one year -€3,889
down €3,889 (-34.8%), from €11,176 to €7,287
- Advances received -€3,600
no longer reported in 2025 (was €3,600)
- Current portion of long-term debt -€889
down €889 (-18.6%), from €4,778 to €3,889
- Gross operating margin -€276,292
down €276,292 (-99.1%), from €278,670 to €2,377
- Purchases and services +€26,573
new in 2025: €26,573
- Financial charges -€15,980
down €15,980 (-95.4%), from €16,754 to €774
- Turnover +€11,669
new in 2025: €11,669
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,875 | €65,862 | -€16,013 | -19.6% |
| Fixed assets | 21/28 | €45,052 | €35,317 | -€9,735 | -21.6% |
| Tangible fixed assets | 22/27 | €41,849 | €34,764 | -€7,085 | -16.9% |
| Land and buildings | 22 | €20,455 | €18,018 | -€2,437 | -11.9% |
| Furniture and vehicles | 24 | €20,089 | €15,625 | -€4,464 | -22.2% |
| Leasing and similar rights | 25 | €1,306 | €1,121 | -€185 | -14.1% |
| Financial fixed assets | 28 | €3,202 | €552 | -€2,650 | -82.8% |
| Current assets | 29/58 | €36,823 | €30,546 | -€6,277 | -17.0% |
| Stocks and contracts in progress | 3 | €4,942 | €4,942 | = | 0.0% |
| Stocks | 30/36 | €4,942 | €4,942 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,977 | €7,237 | -€5,740 | -44.2% |
| Trade receivables | 40 | €12,133 | €7,237 | -€4,896 | -40.4% |
| Other amounts receivable | 41 | €844 | - | -€844 | |
| Cash at bank and in hand | 54/58 | €18,739 | €17,765 | -€974 | -5.2% |
| Deferred charges and accrued income | 490/1 | €165 | €602 | +€436 | +264.0% |
| Total equity and liabilities | 10/49 | €81,875 | €65,862 | -€16,013 | -19.6% |
| Equity | 10/15 | €58,203 | €50,445 | -€7,758 | -13.3% |
| Contributions | 10/11 | €66,345 | €66,345 | = | 0.0% |
| Capital | 10 | €66,345 | €66,345 | = | 0.0% |
| Issued capital | 100 | €66,345 | €66,345 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,340 | -€22,097 | -€7,758 | -54.1% |
| Amounts payable | 17/49 | €23,672 | €15,417 | -€8,255 | -34.9% |
| Amounts payable after more than one year | 17 | €11,176 | €7,287 | -€3,889 | -34.8% |
| Financial debts | 170/4 | €11,176 | €7,287 | -€3,889 | -34.8% |
| Amounts payable within one year | 42/48 | €12,497 | €8,130 | -€4,366 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €4,778 | €3,889 | -€889 | -18.6% |
| Trade debts | 44 | €3,828 | €3,174 | -€654 | -17.1% |
| Suppliers | 440/4 | €3,828 | €879 | -€2,949 | -77.0% |
| Bills of exchange payable | 441 | - | €2,295 | +€2,295 | |
| Advances received on contracts in progress | 46 | €3,600 | - | -€3,600 | |
| Taxes, remuneration and social security | 45 | €291 | €650 | +€359 | +123.7% |
| Taxes | 450/3 | €291 | €650 | +€359 | +123.7% |
| Other amounts payable | 47/48 | - | €417 | +€417 | |
| Turnover | 70 | - | €11,669 | +€11,669 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €26,573 | +€26,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,494 | €7,969 | -€525 | -6.2% |
| Other operating charges | 640/8 | €2,446 | €1,564 | -€882 | -36.1% |
| Gross operating margin | 9900 | €278,670 | €2,377 | -€276,292 | -99.1% |
| Operating profit (loss) | 9901 | €267,730 | -€7,156 | -€274,885 | |
| Financial income | 75/76B | €1,280 | €172 | -€1,108 | -86.6% |
| Recurring financial income | 75 | €1,280 | €172 | -€1,108 | -86.6% |
| Financial charges | 65/66B | €16,754 | €774 | -€15,980 | -95.4% |
| Recurring financial charges | 65 | €16,754 | €774 | -€15,980 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €252,255 | -€7,758 | -€260,013 | |
| Profit (loss) for the period | 9904 | €252,255 | -€7,758 | -€260,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €252,255 | -€7,758 | -€260,013 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.