I&US: 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&US
Largest movements
- Receivables within one year +€10,923
up €10,923 (+15.5%), from €70,682 to €81,605
of which Trade receivables: +€6,719
- Tangible fixed assets -€7,253
down €7,253 (-4.3%), from €169,723 to €162,470
of which Land and buildings: -€9,462
- Profit (loss) carried forward +€12,010
up €12,010 (+20.7%), from -€57,948 to -€45,938
- Debts after one year -€7,500
down €7,500 (-6.8%), from €109,500 to €102,000
- Other debts +€5,333
up €5,333 (+4.8%), from €110,981 to €116,314
- Staff costs +€7,412
up €7,412 (+13.2%), from €55,970 to €63,383
- Gross operating margin +€4,836
up €4,836 (+5.8%), from €83,997 to €88,833
- Depreciation -€2,216
down €2,216 (-15.5%), from €14,260 to €12,044
- Other operating charges +€1,347
up €1,347 (+64.7%), from €2,081 to €3,428
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 | €344,145 | €349,258 | +€5,113 | +1.5% |
| Fixed assets | 21/28 | €172,035 | €163,467 | -€8,569 | -5.0% |
| Intangible fixed assets | 21 | €1,985 | €670 | -€1,316 | -66.3% |
| Tangible fixed assets | 22/27 | €169,723 | €162,470 | -€7,253 | -4.3% |
| Land and buildings | 22 | €166,198 | €156,736 | -€9,462 | -5.7% |
| Furniture and vehicles | 24 | €3,525 | €5,734 | +€2,209 | +62.7% |
| Financial fixed assets | 28 | €327 | €327 | = | 0.0% |
| Current assets | 29/58 | €172,110 | €185,792 | +€13,682 | +7.9% |
| Amounts receivable after more than one year | 29 | €94,400 | €96,800 | +€2,400 | +2.5% |
| Other amounts receivable | 291 | €94,400 | €96,800 | +€2,400 | +2.5% |
| Amounts receivable within one year | 40/41 | €70,682 | €81,605 | +€10,923 | +15.5% |
| Trade receivables | 40 | €43,738 | €50,457 | +€6,719 | +15.4% |
| Other amounts receivable | 41 | €26,944 | €31,148 | +€4,204 | +15.6% |
| Cash at bank and in hand | 54/58 | €1,714 | €3,514 | +€1,800 | +105.0% |
| Deferred charges and accrued income | 490/1 | €5,314 | €3,873 | -€1,441 | -27.1% |
| Total equity and liabilities | 10/49 | €344,145 | €349,258 | +€5,113 | +1.5% |
| Equity | 10/15 | €99,296 | €111,306 | +€12,010 | +12.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €7,244 | €7,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,244 | €7,244 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,244 | €7,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,948 | -€45,938 | +€12,010 | +20.7% |
| Amounts payable | 17/49 | €244,849 | €237,952 | -€6,897 | -2.8% |
| Amounts payable after more than one year | 17 | €109,500 | €102,000 | -€7,500 | -6.8% |
| Other amounts payable | 178/9 | €109,500 | €102,000 | -€7,500 | -6.8% |
| Amounts payable within one year | 42/48 | €134,399 | €135,952 | +€1,554 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €4,151 | €3,384 | -€767 | -18.5% |
| Suppliers | 440/4 | €4,151 | €3,384 | -€767 | -18.5% |
| Taxes, remuneration and social security | 45 | €11,766 | €8,754 | -€3,012 | -25.6% |
| Taxes | 450/3 | - | €1,237 | +€1,237 | |
| Remuneration and social security | 454/9 | €11,766 | €7,517 | -€4,249 | -36.1% |
| Other amounts payable | 47/48 | €110,981 | €116,314 | +€5,333 | +4.8% |
| Accrued charges and deferred income | 492/3 | €950 | €0 | -€950 | -100.0% |
| Remuneration, social security and pensions | 62 | €55,970 | €63,383 | +€7,412 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,260 | €12,044 | -€2,216 | -15.5% |
| Other operating charges | 640/8 | €2,081 | €3,428 | +€1,347 | +64.7% |
| Gross operating margin | 9900 | €83,997 | €88,833 | +€4,836 | +5.8% |
| Operating profit (loss) | 9901 | €11,686 | €9,979 | -€1,707 | -14.6% |
| Financial income | 75/76B | €2,490 | €2,400 | -€90 | -3.6% |
| Recurring financial income | 75 | €2,490 | €2,400 | -€90 | -3.6% |
| Financial charges | 65/66B | €395 | €369 | -€26 | -6.7% |
| Recurring financial charges | 65 | €395 | €369 | -€26 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €13,781 | €12,010 | -€1,771 | -12.9% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | €13,781 | €12,010 | -€1,771 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,781 | €12,010 | -€1,771 | -12.9% |
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 4 October 2026 via checked.be.