I41I: 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.
I41I
Largest movements
- Tangible fixed assets -€13,488
down €13,488 (-79.5%), from €16,967 to €3,479
of which Furniture and vehicles: -€13,773
- Cash +€12,741
up €12,741 (+613%), from €2,078 to €14,818
mainly Depreciation (+€14,047) and Receivables within one year (+€9,113)
- Receivables within one year -€9,113
down €9,113 (-44.7%), from €20,371 to €11,258
of which Trade receivables: -€9,215
- Current portion of long-term debt -€10,244
down €10,244 (-100%), from €10,244 to €0
- Reserves +€1,609
up €1,609 (+15.4%), from €10,419 to €12,028
- Trade debts -€1,505
down €1,505 (-42.8%), from €3,517 to €2,012
- Gross operating margin -€7,150
down €7,150 (-28.3%), from €25,236 to €18,085
- Depreciation -€2,821
down €2,821 (-16.7%), from €16,868 to €14,047
- Taxes -€1,452
down €1,452 (-52.7%), from €2,753 to €1,301
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.
Derived cash bridge
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 | €40,091 | €30,052 | -€10,039 | -25.0% |
| Fixed assets | 21/28 | €16,967 | €3,479 | -€13,488 | -79.5% |
| Tangible fixed assets | 22/27 | €16,967 | €3,479 | -€13,488 | -79.5% |
| Plant, machinery and equipment | 23 | €467 | €751 | +€284 | +60.9% |
| Furniture and vehicles | 24 | €16,500 | €2,728 | -€13,773 | -83.5% |
| Current assets | 29/58 | €23,124 | €26,573 | +€3,449 | +14.9% |
| Amounts receivable within one year | 40/41 | €20,371 | €11,258 | -€9,113 | -44.7% |
| Trade receivables | 40 | €18,769 | €9,554 | -€9,215 | -49.1% |
| Other amounts receivable | 41 | €1,602 | €1,704 | +€102 | +6.4% |
| Cash at bank and in hand | 54/58 | €2,078 | €14,818 | +€12,741 | +613% |
| Deferred charges and accrued income | 490/1 | €675 | €497 | -€179 | -26.5% |
| Total equity and liabilities | 10/49 | €40,091 | €30,052 | -€10,039 | -25.0% |
| Equity | 10/15 | €22,819 | €24,428 | +€1,609 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,419 | €12,028 | +€1,609 | +15.4% |
| Distributable reserves | 133 | €10,419 | €12,028 | +€1,609 | +15.4% |
| Amounts payable | 17/49 | €17,272 | €5,624 | -€11,648 | -67.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €16,922 | €5,313 | -€11,609 | -68.6% |
| Current portion of amounts payable after more than one year | 42 | €10,244 | €0 | -€10,244 | -100% |
| Trade debts | 44 | €3,517 | €2,012 | -€1,505 | -42.8% |
| Suppliers | 440/4 | €3,517 | €2,012 | -€1,505 | -42.8% |
| Taxes, remuneration and social security | 45 | €3,161 | €3,259 | +€98 | +3.1% |
| Taxes | 450/3 | €3,161 | €3,259 | +€98 | +3.1% |
| Other amounts payable | 47/48 | €0 | €42 | +€42 | |
| Accrued charges and deferred income | 492/3 | €350 | €311 | -€39 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,868 | €14,047 | -€2,821 | -16.7% |
| Other operating charges | 640/8 | €513 | €553 | +€40 | +7.7% |
| Non-recurring operating charges | 66A | - | €467 | +€467 | |
| Gross operating margin | 9900 | €25,236 | €18,085 | -€7,150 | -28.3% |
| Operating profit (loss) | 9901 | €7,855 | €3,019 | -€4,836 | -61.6% |
| Financial income | 75/76B | €7 | €30 | +€23 | +347% |
| Recurring financial income | 75 | €7 | €30 | +€23 | +347% |
| Financial charges | 65/66B | €301 | €138 | -€163 | -54.0% |
| Recurring financial charges | 65 | €301 | €138 | -€163 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €7,560 | €2,910 | -€4,650 | -61.5% |
| Income taxes | 67/77 | €2,753 | €1,301 | -€1,452 | -52.7% |
| Profit (loss) for the period | 9904 | €4,807 | €1,609 | -€3,198 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,807 | €1,609 | -€3,198 | -66.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.