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
- Receivables within one year -€7,898
down €7,898 (-24.1%), from €32,732 to €24,834
of which Trade receivables: -€6,774
- Receivables after one year -€5,384
no longer reported in 2025 (was €5,384)
of which Other amounts receivable: -€4,588
- Tangible fixed assets -€4,844
down €4,844 (-17.1%), from €28,290 to €23,446
of which Furniture and vehicles: -€4,190
- Cash +€4,623
up €4,623 (+36.5%), from €12,660 to €17,283
mainly Depreciation (+€10,364) and Receivables within one year (+€7,898)
- Trade debts -€9,691
down €9,691 (-94.4%), from €10,266 to €575
- Tax, wage and social debts -€9,637
no longer reported in 2025 (was €9,637)
- Debts after one year +€3,902
up €3,902 (+4.3%), from €90,518 to €94,420
of which Financial debts: +€8,106
- Profit (loss) carried forward +€1,923
up €1,923 (+3.3%), from -€58,855 to -€56,932
- Purchases and services -€15,368
down €15,368 (-6.7%), from €227,986 to €212,618
- Turnover -€14,935
down €14,935 (-6.0%), from €250,772 to €235,837
- Staff costs +€9,501
new in 2025: €9,501
- Depreciation -€6,347
down €6,347 (-38.0%), from €16,711 to €10,364
- Gross operating margin +€4,331
up €4,331 (+19.0%), from €22,785 to €27,116
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.
Cash bridge derived
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 | €79,066 | €65,563 | -€13,503 | -17.1% |
| Fixed assets | 21/28 | €28,290 | €23,446 | -€4,844 | -17.1% |
| Tangible fixed assets | 22/27 | €28,290 | €23,446 | -€4,844 | -17.1% |
| Plant, machinery and equipment | 23 | €9,915 | €9,261 | -€654 | -6.6% |
| Furniture and vehicles | 24 | €18,375 | €14,185 | -€4,190 | -22.8% |
| Current assets | 29/58 | €50,776 | €42,117 | -€8,659 | -17.1% |
| Amounts receivable after more than one year | 29 | €5,384 | - | -€5,384 | |
| Trade receivables | 290 | €796 | - | -€796 | |
| Other amounts receivable | 291 | €4,588 | - | -€4,588 | |
| Amounts receivable within one year | 40/41 | €32,732 | €24,834 | -€7,898 | -24.1% |
| Trade receivables | 40 | €28,315 | €21,541 | -€6,774 | -23.9% |
| Other amounts receivable | 41 | €4,417 | €3,293 | -€1,124 | -25.4% |
| Cash at bank and in hand | 54/58 | €12,660 | €17,283 | +€4,623 | +36.5% |
| Total equity and liabilities | 10/49 | €79,066 | €65,563 | -€13,503 | -17.1% |
| Equity | 10/15 | -€31,355 | -€29,432 | +€1,923 | +6.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,855 | -€56,932 | +€1,923 | +3.3% |
| Amounts payable | 17/49 | €110,421 | €94,995 | -€15,426 | -14.0% |
| Amounts payable after more than one year | 17 | €90,518 | €94,420 | +€3,902 | +4.3% |
| Financial debts | 170/4 | €17,400 | €25,506 | +€8,106 | +46.6% |
| Other amounts payable | 178/9 | €73,118 | €68,914 | -€4,204 | -5.7% |
| Amounts payable within one year | 42/48 | €19,903 | €575 | -€19,328 | -97.1% |
| Trade debts | 44 | €10,266 | €575 | -€9,691 | -94.4% |
| Suppliers | 440/4 | €10,266 | €575 | -€9,691 | -94.4% |
| Taxes, remuneration and social security | 45 | €9,637 | - | -€9,637 | |
| Taxes | 450/3 | €9,637 | - | -€9,637 | |
| Turnover | 70 | €250,772 | €235,837 | -€14,935 | -6.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €227,986 | €212,618 | -€15,368 | -6.7% |
| Remuneration, social security and pensions | 62 | - | €9,501 | +€9,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,711 | €10,364 | -€6,347 | -38.0% |
| Other operating charges | 640/8 | €3,339 | €2,789 | -€550 | -16.5% |
| Non-recurring operating charges | 66A | - | €591 | +€591 | |
| Gross operating margin | 9900 | €22,785 | €27,116 | +€4,331 | +19.0% |
| Operating profit (loss) | 9901 | €2,735 | €3,871 | +€1,136 | +41.5% |
| Financial income | 75/76B | €5 | €183 | +€178 | +3560.0% |
| Recurring financial income | 75 | €5 | €183 | +€178 | +3560.0% |
| Financial charges | 65/66B | €763 | €2,131 | +€1,368 | +179.3% |
| Recurring financial charges | 65 | €763 | €2,131 | +€1,368 | +179.3% |
| Non-recurring financial charges | 66B | - | €2,131 | +€2,131 | |
| Profit (loss) for the period before taxes | 9903 | €1,977 | €1,923 | -€54 | -2.7% |
| Profit (loss) for the period | 9904 | €1,977 | €1,923 | -€54 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,977 | €1,923 | -€54 | -2.7% |
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 8 October 2026 via checked.be.