I7C: 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.
I7C
Largest movements
- Receivables within one year -€30,796
down €30,796 (-48.1%), from €64,071 to €33,275
of which Trade receivables: -€36,214
- Tangible fixed assets -€27,826
down €27,826 (-3.4%), from €825,577 to €797,752
of which Land and buildings: -€18,827
- Deferred charges and accrued income +€25,657
up €25,657 (+620.8%), from €4,133 to €29,790
- Cash -€18,927
down €18,927 (-24.9%), from €75,963 to €57,036
mainly Debts after one year (-€27,501) and Other debts (-€25,988)
- Debts after one year -€27,501
down €27,501 (-16.6%), from €165,883 to €138,382
- Other debts -€25,988
down €25,988 (-39.7%), from €65,457 to €39,469
- Gross operating margin -€16,764
down €16,764 (-21.0%), from €79,984 to €63,219
- Taxes -€2,686
down €2,686 (-32.8%), from €8,199 to €5,513
- Depreciation -€2,375
down €2,375 (-5.2%), from €45,766 to €43,391
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 | €969,744 | €917,853 | -€51,891 | -5.4% |
| Fixed assets | 21/28 | €825,577 | €797,752 | -€27,826 | -3.4% |
| Tangible fixed assets | 22/27 | €825,577 | €797,752 | -€27,826 | -3.4% |
| Land and buildings | 22 | €806,130 | €787,303 | -€18,827 | -2.3% |
| Plant, machinery and equipment | 23 | €8,528 | €6,047 | -€2,481 | -29.1% |
| Furniture and vehicles | 24 | €8,085 | €2,894 | -€5,191 | -64.2% |
| Other tangible fixed assets | 26 | €2,834 | €1,508 | -€1,327 | -46.8% |
| Current assets | 29/58 | €144,167 | €120,101 | -€24,066 | -16.7% |
| Amounts receivable within one year | 40/41 | €64,071 | €33,275 | -€30,796 | -48.1% |
| Trade receivables | 40 | €55,140 | €18,926 | -€36,214 | -65.7% |
| Other amounts receivable | 41 | €8,931 | €14,348 | +€5,418 | +60.7% |
| Cash at bank and in hand | 54/58 | €75,963 | €57,036 | -€18,927 | -24.9% |
| Deferred charges and accrued income | 490/1 | €4,133 | €29,790 | +€25,657 | +620.8% |
| Total equity and liabilities | 10/49 | €969,744 | €917,853 | -€51,891 | -5.4% |
| Equity | 10/15 | €687,070 | €691,477 | +€4,408 | +0.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €668,520 | €672,927 | +€4,408 | +0.7% |
| Distributable reserves | 133 | €668,520 | €672,927 | +€4,408 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €282,674 | €226,375 | -€56,299 | -19.9% |
| Amounts payable after more than one year | 17 | €165,883 | €138,382 | -€27,501 | -16.6% |
| Financial debts | 170/4 | €165,883 | €138,382 | -€27,501 | -16.6% |
| Amounts payable within one year | 42/48 | €111,925 | €79,829 | -€32,096 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €32,207 | €29,990 | -€2,217 | -6.9% |
| Trade debts | 44 | €4,084 | €1,354 | -€2,730 | -66.8% |
| Suppliers | 440/4 | €4,084 | €1,354 | -€2,730 | -66.8% |
| Taxes, remuneration and social security | 45 | €10,177 | €9,015 | -€1,162 | -11.4% |
| Taxes | 450/3 | €10,177 | €9,015 | -€1,162 | -11.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €65,457 | €39,469 | -€25,988 | -39.7% |
| Accrued charges and deferred income | 492/3 | €4,867 | €8,165 | +€3,298 | +67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,766 | €43,391 | -€2,375 | -5.2% |
| Other operating charges | 640/8 | €5,292 | €4,568 | -€725 | -13.7% |
| Gross operating margin | 9900 | €79,984 | €63,219 | -€16,764 | -21.0% |
| Operating profit (loss) | 9901 | €28,926 | €15,261 | -€13,665 | -47.2% |
| Financial income | 75/76B | €621 | €462 | -€159 | -25.6% |
| Recurring financial income | 75 | €621 | €462 | -€159 | -25.6% |
| Financial charges | 65/66B | €6,472 | €5,803 | -€670 | -10.3% |
| Recurring financial charges | 65 | €6,472 | €5,803 | -€670 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €23,074 | €9,920 | -€13,154 | -57.0% |
| Income taxes | 67/77 | €8,199 | €5,513 | -€2,686 | -32.8% |
| Profit (loss) for the period | 9904 | €14,875 | €4,408 | -€10,468 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,875 | €4,408 | -€10,468 | -70.4% |
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 6 October 2026 via checked.be.