I-VALUE: 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-VALUE
Largest movements
- Receivables within one year -€25,791
down €25,791 (-99.0%), from €26,060 to €269
of which Other amounts receivable: -€22,390
- Tangible fixed assets -€2,180
down €2,180 (-44.3%), from €4,922 to €2,742
of which Other tangible fixed assets: -€1,761
- Profit (loss) carried forward -€24,892
down €24,892, from €14,847 to -€10,045
- Trade debts -€3,475
down €3,475 (-62.1%), from €5,593 to €2,119
- Tax, wage and social debts +€317
up €317 (+106.2%), from €298 to €615
- Taxes +€11,955
up €11,955 (+6854.8%), from €174 to €12,129
- Financial charges -€5,134
down €5,134 (-91.0%), from €5,643 to €509
- Gross operating margin +€5,080
up €5,080 (+34.4%), from -€14,754 to -€9,674
- Depreciation -€875
down €875 (-28.6%), from €3,054 to €2,180
- Other operating charges -€393
down €393 (-49.6%), from €793 to €400
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 | €31,137 | €3,100 | -€28,037 | -90.0% |
| Fixed assets | 21/28 | €4,922 | €2,742 | -€2,180 | -44.3% |
| Tangible fixed assets | 22/27 | €4,922 | €2,742 | -€2,180 | -44.3% |
| Plant, machinery and equipment | 23 | €157 | - | -€157 | |
| Furniture and vehicles | 24 | €262 | - | -€262 | |
| Other tangible fixed assets | 26 | €4,503 | €2,742 | -€1,761 | -39.1% |
| Current assets | 29/58 | €26,216 | €358 | -€25,857 | -98.6% |
| Amounts receivable within one year | 40/41 | €26,060 | €269 | -€25,791 | -99.0% |
| Trade receivables | 40 | €3,469 | €68 | -€3,400 | -98.0% |
| Other amounts receivable | 41 | €22,591 | €201 | -€22,390 | -99.1% |
| Cash at bank and in hand | 54/58 | €156 | €89 | -€66 | -42.7% |
| Total equity and liabilities | 10/49 | €31,137 | €3,100 | -€28,037 | -90.0% |
| Equity | 10/15 | €24,847 | -€45 | -€24,892 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,847 | -€10,045 | -€24,892 | |
| Amounts payable | 17/49 | €6,290 | €3,145 | -€3,145 | -50.0% |
| Amounts payable within one year | 42/48 | €5,891 | €2,733 | -€3,158 | -53.6% |
| Trade debts | 44 | €5,593 | €2,119 | -€3,475 | -62.1% |
| Suppliers | 440/4 | €5,593 | €2,119 | -€3,475 | -62.1% |
| Taxes, remuneration and social security | 45 | €298 | €615 | +€317 | +106.2% |
| Taxes | 450/3 | €298 | €615 | +€317 | +106.2% |
| Accrued charges and deferred income | 492/3 | €399 | €412 | +€13 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,054 | €2,180 | -€875 | -28.6% |
| Other operating charges | 640/8 | €793 | €400 | -€393 | -49.6% |
| Gross operating margin | 9900 | -€14,754 | -€9,674 | +€5,080 | +34.4% |
| Operating profit (loss) | 9901 | -€18,601 | -€12,254 | +€6,347 | +34.1% |
| Financial charges | 65/66B | €5,643 | €509 | -€5,134 | -91.0% |
| Recurring financial charges | 65 | €5,643 | €509 | -€5,134 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,244 | -€12,763 | +€11,481 | +47.4% |
| Income taxes | 67/77 | €174 | €12,129 | +€11,955 | +6854.8% |
| Profit (loss) for the period | 9904 | -€24,418 | -€24,892 | -€473 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,418 | -€24,892 | -€473 | -1.9% |
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 8 October 2026 via checked.be.