I&S: 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&S
Largest movements
- Cash +€35,876
up €35,876 (+493.5%), from €7,270 to €43,146
- Receivables within one year +€13,588
up €13,588 (+17.1%), from €79,284 to €92,872
of which Other amounts receivable: +€7,928
- Deferred charges and accrued income +€12,083
up €12,083 (+258.5%), from €4,674 to €16,757
- Reserves +€75,014
up €75,014 (+157.7%), from €47,582 to €122,597
- Short-term financial debts +€23,357
new in 2025: €23,357
- Tax, wage and social debts -€13,574
down €13,574 (-57.6%), from €23,548 to €9,974
of which Taxes: -€8,263
- Debts after one year -€12,702
down €12,702 (-41.0%), from €30,961 to €18,259
- Other debts -€9,081
down €9,081 (-84.5%), from €10,747 to €1,666
- Gross operating margin +€279,323
up €279,323 (+177.9%), from €157,004 to €436,327
- Staff costs +€158,045
up €158,045 (+202.1%), from €78,185 to €236,230
- Taxes +€26,843
up €26,843 (+185.6%), from €14,462 to €41,304
- Depreciation +€12,160
up €12,160 (+92.9%), from €13,083 to €25,242
- Financial charges +€10,524
up €10,524 (+156.5%), from €6,724 to €17,248
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,018 | €204,557 | +€60,538 | +42.0% |
| Fixed assets | 21/28 | €52,790 | €51,782 | -€1,008 | -1.9% |
| Tangible fixed assets | 22/27 | €52,790 | €51,782 | -€1,008 | -1.9% |
| Plant, machinery and equipment | 23 | €6,433 | €19,527 | +€13,094 | +203.6% |
| Furniture and vehicles | 24 | €1,268 | €406 | -€862 | -68.0% |
| Leasing and similar rights | 25 | €45,090 | €31,850 | -€13,240 | -29.4% |
| Current assets | 29/58 | €91,228 | €152,775 | +€61,547 | +67.5% |
| Amounts receivable within one year | 40/41 | €79,284 | €92,872 | +€13,588 | +17.1% |
| Trade receivables | 40 | €75,745 | €81,405 | +€5,660 | +7.5% |
| Other amounts receivable | 41 | €3,539 | €11,467 | +€7,928 | +224.0% |
| Cash at bank and in hand | 54/58 | €7,270 | €43,146 | +€35,876 | +493.5% |
| Deferred charges and accrued income | 490/1 | €4,674 | €16,757 | +€12,083 | +258.5% |
| Total equity and liabilities | 10/49 | €144,018 | €204,557 | +€60,538 | +42.0% |
| Equity | 10/15 | €52,582 | €127,597 | +€75,014 | +142.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,582 | €122,597 | +€75,014 | +157.7% |
| Distributable reserves | 133 | €47,582 | €122,597 | +€75,014 | +157.7% |
| Amounts payable | 17/49 | €91,436 | €76,960 | -€14,476 | -15.8% |
| Amounts payable after more than one year | 17 | €30,961 | €18,259 | -€12,702 | -41.0% |
| Financial debts | 170/4 | €30,961 | €18,259 | -€12,702 | -41.0% |
| Amounts payable within one year | 42/48 | €60,475 | €58,045 | -€2,430 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €11,128 | €12,424 | +€1,296 | +11.6% |
| Financial debts | 43 | - | €23,357 | +€23,357 | |
| Credit institutions | 430/8 | - | €23,357 | +€23,357 | |
| Trade debts | 44 | €15,052 | €10,625 | -€4,427 | -29.4% |
| Suppliers | 440/4 | €15,052 | €10,625 | -€4,427 | -29.4% |
| Taxes, remuneration and social security | 45 | €23,548 | €9,974 | -€13,574 | -57.6% |
| Taxes | 450/3 | €14,567 | €6,304 | -€8,263 | -56.7% |
| Remuneration and social security | 454/9 | €8,981 | €3,669 | -€5,312 | -59.1% |
| Other amounts payable | 47/48 | €10,747 | €1,666 | -€9,081 | -84.5% |
| Accrued charges and deferred income | 492/3 | - | €656 | +€656 | |
| Remuneration, social security and pensions | 62 | €78,185 | €236,230 | +€158,045 | +202.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,083 | €25,242 | +€12,160 | +92.9% |
| Other operating charges | 640/8 | €1,664 | €3,398 | +€1,734 | +104.2% |
| Non-recurring operating charges | 66A | - | €1,268 | +€1,268 | |
| Gross operating margin | 9900 | €157,004 | €436,327 | +€279,323 | +177.9% |
| Operating profit (loss) | 9901 | €64,073 | €170,189 | +€106,116 | +165.6% |
| Financial income | 75/76B | €9 | €338 | +€328 | +3546.0% |
| Recurring financial income | 75 | €9 | €338 | +€328 | +3546.0% |
| Financial charges | 65/66B | €6,724 | €17,248 | +€10,524 | +156.5% |
| Recurring financial charges | 65 | €6,724 | €17,248 | +€10,524 | +156.5% |
| Profit (loss) for the period before taxes | 9903 | €57,358 | €153,279 | +€95,920 | +167.2% |
| Income taxes | 67/77 | €14,462 | €41,304 | +€26,843 | +185.6% |
| Profit (loss) for the period | 9904 | €42,897 | €111,974 | +€69,078 | +161.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,897 | €111,974 | +€69,078 | +161.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.