i4: 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.
i4
Largest movements
- Tangible fixed assets -€7,152
down €7,152 (-37.4%), from €19,124 to €11,972
- Receivables within one year -€2,554
down €2,554 (-85.6%), from €2,983 to €429
- Stocks and contracts +€2,331
up €2,331 (+94.9%), from €2,457 to €4,788
- Cash -€1,985
down €1,985 (-50.0%), from €3,969 to €1,984
mainly Other debts (-€7,049) and Stocks and contracts (-€2,331)
- Other debts -€7,049
down €7,049 (-10.1%), from €69,798 to €62,749
- Profit (loss) carried forward -€2,310
down €2,310 (-4.1%), from -€55,670 to -€57,980
- Gross operating margin -€7,073
down €7,073 (-51.6%), from €13,713 to €6,640
- Depreciation +€906
up €906 (+12.4%), from €7,319 to €8,225
- Other operating charges +€232
up €232 (+52.8%), from €439 to €671
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 | €29,611 | €20,394 | -€9,217 | -31.1% |
| Fixed assets | 21/28 | €19,124 | €11,972 | -€7,152 | -37.4% |
| Tangible fixed assets | 22/27 | €19,124 | €11,972 | -€7,152 | -37.4% |
| Furniture and vehicles | 24 | €19,124 | €11,972 | -€7,152 | -37.4% |
| Current assets | 29/58 | €10,487 | €8,422 | -€2,065 | -19.7% |
| Stocks and contracts in progress | 3 | €2,457 | €4,788 | +€2,331 | +94.9% |
| Stocks | 30/36 | €2,457 | €4,788 | +€2,331 | +94.9% |
| Amounts receivable within one year | 40/41 | €2,983 | €429 | -€2,554 | -85.6% |
| Trade receivables | 40 | €2,983 | €429 | -€2,554 | -85.6% |
| Cash at bank and in hand | 54/58 | €3,969 | €1,984 | -€1,985 | -50.0% |
| Deferred charges and accrued income | 490/1 | €1,078 | €1,221 | +€143 | +13.3% |
| Total equity and liabilities | 10/49 | €29,611 | €20,394 | -€9,217 | -31.1% |
| Equity | 10/15 | -€41,410 | -€43,720 | -€2,310 | -5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,670 | -€57,980 | -€2,310 | -4.1% |
| Amounts payable | 17/49 | €71,021 | €64,114 | -€6,907 | -9.7% |
| Amounts payable within one year | 42/48 | €71,021 | €64,114 | -€6,907 | -9.7% |
| Trade debts | 44 | €648 | €648 | = | 0.0% |
| Suppliers | 440/4 | €648 | €648 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €575 | €717 | +€142 | +24.7% |
| Taxes | 450/3 | €575 | €717 | +€142 | +24.7% |
| Other amounts payable | 47/48 | €69,798 | €62,749 | -€7,049 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,319 | €8,225 | +€906 | +12.4% |
| Other operating charges | 640/8 | €439 | €671 | +€232 | +52.8% |
| Gross operating margin | 9900 | €13,713 | €6,640 | -€7,073 | -51.6% |
| Operating profit (loss) | 9901 | €5,955 | -€2,256 | -€8,211 | |
| Financial charges | 65/66B | €10 | €54 | +€44 | +440.0% |
| Recurring financial charges | 65 | €10 | €54 | +€44 | +440.0% |
| Profit (loss) for the period before taxes | 9903 | €5,945 | -€2,310 | -€8,255 | |
| Income taxes | 67/77 | €59 | - | -€59 | |
| Profit (loss) for the period | 9904 | €5,886 | -€2,310 | -€8,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,886 | -€2,310 | -€8,196 |
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 1 October 2026 via checked.be.