i4c²: 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.
i4c²
Largest movements
- Receivables within one year +€14,703
up €14,703 (+53.1%), from €27,675 to €42,378
of which Other amounts receivable: +€8,941
- Cash -€7,245
down €7,245 (-9.3%), from €77,971 to €70,726
mainly Contributions, distributions and other (-€25,000) and Receivables within one year (-€14,703)
- Other debts +€25,000
new in 2025: €25,000
- Reserves -€15,822
down €15,822 (-11.6%), from €136,117 to €120,295
- Financial charges +€3,165
up €3,165, from -€2,484 to €681
- Gross operating margin +€2,651
up €2,651 (+12.5%), from €21,277 to €23,928
- Financial income -€2,112
down €2,112 (-62.2%), from €3,393 to €1,282
- Depreciation +€1,169
up €1,169 (+12.2%), from €9,567 to €10,736
- Taxes -€587
down €587 (-13.3%), from €4,426 to €3,839
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 | €146,213 | €154,138 | +€7,926 | +5.4% |
| Fixed assets | 21/28 | €24,434 | €24,413 | -€21 | -0.1% |
| Tangible fixed assets | 22/27 | €24,154 | €24,133 | -€21 | -0.1% |
| Plant, machinery and equipment | 23 | €3,205 | €7,274 | +€4,069 | +127.0% |
| Furniture and vehicles | 24 | €20,949 | €16,859 | -€4,090 | -19.5% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €121,779 | €129,725 | +€7,946 | +6.5% |
| Amounts receivable within one year | 40/41 | €27,675 | €42,378 | +€14,703 | +53.1% |
| Trade receivables | 40 | €7,563 | €13,325 | +€5,762 | +76.2% |
| Other amounts receivable | 41 | €20,112 | €29,053 | +€8,941 | +44.5% |
| Current investments | 50/53 | €16,133 | €15,910 | -€222 | -1.4% |
| Cash at bank and in hand | 54/58 | €77,971 | €70,726 | -€7,245 | -9.3% |
| Deferred charges and accrued income | 490/1 | €0 | €711 | +€711 | |
| Total equity and liabilities | 10/49 | €146,213 | €154,138 | +€7,926 | +5.4% |
| Equity | 10/15 | €142,317 | €126,495 | -€15,822 | -11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,117 | €120,295 | -€15,822 | -11.6% |
| Distributable reserves | 133 | €136,117 | €120,295 | -€15,822 | -11.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,896 | €27,644 | +€23,748 | +609.6% |
| Amounts payable within one year | 42/48 | €3,896 | €27,644 | +€23,748 | +609.6% |
| Trade debts | 44 | €2,839 | €2,644 | -€196 | -6.9% |
| Suppliers | 440/4 | €2,839 | €2,644 | -€196 | -6.9% |
| Taxes, remuneration and social security | 45 | €1,056 | €0 | -€1,056 | -100.0% |
| Taxes | 450/3 | €1,056 | €0 | -€1,056 | -100.0% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,567 | €10,736 | +€1,169 | +12.2% |
| Other operating charges | 640/8 | €395 | €776 | +€380 | +96.2% |
| Gross operating margin | 9900 | €21,277 | €23,928 | +€2,651 | +12.5% |
| Operating profit (loss) | 9901 | €11,315 | €12,416 | +€1,101 | +9.7% |
| Financial income | 75/76B | €3,393 | €1,282 | -€2,112 | -62.2% |
| Recurring financial income | 75 | €3,393 | €1,282 | -€2,112 | -62.2% |
| Financial charges | 65/66B | -€2,484 | €681 | +€3,165 | |
| Recurring financial charges | 65 | -€2,484 | €681 | +€3,165 | |
| Profit (loss) for the period before taxes | 9903 | €17,192 | €13,017 | -€4,175 | -24.3% |
| Income taxes | 67/77 | €4,426 | €3,839 | -€587 | -13.3% |
| Profit (loss) for the period | 9904 | €12,765 | €9,178 | -€3,588 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,765 | €9,178 | -€3,588 | -28.1% |
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.