I²P: 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.
I²P
Largest movements
- Cash +€179,211
up €179,211 (+181.7%), from €98,628 to €277,839
mainly Depreciation (+€131,308) and Receivables within one year (+€92,632)
- Tangible fixed assets -€134,932
down €134,932 (-15.3%), from €882,481 to €747,549
of which Land and buildings: -€112,389
- Receivables within one year -€92,632
down €92,632 (-81.5%), from €113,626 to €20,994
of which Trade receivables: -€94,032
- Other debts -€65,570
down €65,570 (-46.8%), from €140,172 to €74,602
- Reserves +€65,183
up €65,183 (+30.9%), from €211,094 to €276,277
- Debts after one year -€39,060
down €39,060 (-5.7%), from €684,382 to €645,322
- Tax, wage and social debts -€23,666
down €23,666 (-57.7%), from €41,042 to €17,376
of which Taxes: -€26,000
- Depreciation +€84,123
up €84,123 (+178.3%), from €47,185 to €131,308
- Staff costs -€35,620
down €35,620 (-22.9%), from €155,264 to €119,645
- Gross operating margin +€35,035
up €35,035 (+10.3%), from €339,887 to €374,922
- Financial charges +€18,096
up €18,096 (+201.3%), from €8,987 to €27,084
- Taxes -€17,730
down €17,730 (-40.3%), from €43,953 to €26,223
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,118,498 | €1,060,113 | -€58,385 | -5.2% |
| Fixed assets | 21/28 | €882,481 | €747,549 | -€134,932 | -15.3% |
| Tangible fixed assets | 22/27 | €882,481 | €747,549 | -€134,932 | -15.3% |
| Land and buildings | 22 | €826,274 | €713,884 | -€112,389 | -13.6% |
| Furniture and vehicles | 24 | €56,208 | €33,665 | -€22,543 | -40.1% |
| Current assets | 29/58 | €236,016 | €312,564 | +€76,547 | +32.4% |
| Amounts receivable within one year | 40/41 | €113,626 | €20,994 | -€92,632 | -81.5% |
| Trade receivables | 40 | €113,626 | €19,594 | -€94,032 | -82.8% |
| Other amounts receivable | 41 | €0 | €1,400 | +€1,400 | |
| Current investments | 50/53 | €22,574 | €12,513 | -€10,062 | -44.6% |
| Cash at bank and in hand | 54/58 | €98,628 | €277,839 | +€179,211 | +181.7% |
| Deferred charges and accrued income | 490/1 | €1,188 | €1,218 | +€30 | +2.5% |
| Total equity and liabilities | 10/49 | €1,118,498 | €1,060,113 | -€58,385 | -5.2% |
| Equity | 10/15 | €211,094 | €276,277 | +€65,183 | +30.9% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €211,094 | €276,277 | +€65,183 | +30.9% |
| Distributable reserves | 133 | €211,094 | €276,277 | +€65,183 | +30.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €907,404 | €783,836 | -€123,568 | -13.6% |
| Amounts payable after more than one year | 17 | €684,382 | €645,322 | -€39,060 | -5.7% |
| Financial debts | 170/4 | €684,382 | €645,322 | -€39,060 | -5.7% |
| Amounts payable within one year | 42/48 | €223,022 | €131,997 | -€91,025 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €40,280 | €39,060 | -€1,220 | -3.0% |
| Trade debts | 44 | €1,528 | €959 | -€569 | -37.2% |
| Suppliers | 440/4 | €1,528 | €959 | -€569 | -37.2% |
| Taxes, remuneration and social security | 45 | €41,042 | €17,376 | -€23,666 | -57.7% |
| Taxes | 450/3 | €26,000 | €0 | -€26,000 | -100.0% |
| Remuneration and social security | 454/9 | €15,042 | €17,376 | +€2,334 | +15.5% |
| Other amounts payable | 47/48 | €140,172 | €74,602 | -€65,570 | -46.8% |
| Accrued charges and deferred income | 492/3 | - | €6,516 | +€6,516 | |
| Non-recurring operating income | 76A | €21,020 | €5,123 | -€15,897 | -75.6% |
| Remuneration, social security and pensions | 62 | €155,264 | €119,645 | -€35,620 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,185 | €131,308 | +€84,123 | +178.3% |
| Other operating charges | 640/8 | €4,499 | €5,871 | +€1,372 | +30.5% |
| Gross operating margin | 9900 | €339,887 | €374,922 | +€35,035 | +10.3% |
| Operating profit (loss) | 9901 | €132,939 | €118,099 | -€14,840 | -11.2% |
| Financial income | 75/76B | €1,741 | €391 | -€1,351 | -77.6% |
| Recurring financial income | 75 | €1,741 | €391 | -€1,351 | -77.6% |
| Financial charges | 65/66B | €8,987 | €27,084 | +€18,096 | +201.3% |
| Recurring financial charges | 65 | €8,987 | €27,084 | +€18,096 | +201.3% |
| Profit (loss) for the period before taxes | 9903 | €125,693 | €91,406 | -€34,286 | -27.3% |
| Income taxes | 67/77 | €43,953 | €26,223 | -€17,730 | -40.3% |
| Profit (loss) for the period | 9904 | €81,739 | €65,183 | -€16,556 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,739 | €65,183 | -€16,556 | -20.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.