IB - INNER BODY: 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.
IB - INNER BODY
Largest movements
- Receivables within one year +€7,573
up €7,573 (+305%), from €2,480 to €10,053
of which Trade receivables: +€5,267
- Stocks and contracts -€5,704
down €5,704 (-23.4%), from €24,408 to €18,704
- Cash +€3,951
up €3,951 (+78.0%), from €5,063 to €9,014
mainly Stocks and contracts (+€5,704) and Other debts (+€5,312)
- Deferred charges and accrued income -€1,995
down €1,995 (-83.4%), from €2,393 to €398
- Intangible fixed assets +€931
new in 2025: €931
- Profit (loss) carried forward -€9,653
new in 2025: -€9,653
- Other debts +€5,312
up €5,312 (+50.3%), from €10,551 to €15,863
- Current portion of long-term debt +€5,038
new in 2025: €5,038
- Trade debts +€4,818
up €4,818 (+164%), from €2,943 to €7,761
- Short-term financial debts -€2,000
down €2,000 (-100%), from €2,000 to €0
- Gross operating margin -€10,288
down €10,288, from €4,001 to -€6,287
- Financial charges +€639
up €639 (+53.8%), from €1,188 to €1,827
- Taxes -€623
down €623 (-100%), from €623 to €0
- Other operating charges -€616
down €616 (-63.3%), from €973 to €357
- Financial income -€255
down €255 (-91.9%), from €277 to €22
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 | €36,018 | €40,321 | +€4,302 | +11.9% |
| Formation expenses | 20 | €1,674 | €1,221 | -€453 | -27.1% |
| Fixed assets | 21/28 | - | €931 | +€931 | |
| Intangible fixed assets | 21 | - | €931 | +€931 | |
| Current assets | 29/58 | €34,344 | €38,169 | +€3,825 | +11.1% |
| Stocks and contracts in progress | 3 | €24,408 | €18,704 | -€5,704 | -23.4% |
| Stocks | 30/36 | €24,408 | €18,704 | -€5,704 | -23.4% |
| Amounts receivable within one year | 40/41 | €2,480 | €10,053 | +€7,573 | +305% |
| Trade receivables | 40 | €1,789 | €7,057 | +€5,267 | +294% |
| Other amounts receivable | 41 | €690 | €2,996 | +€2,306 | +334% |
| Cash at bank and in hand | 54/58 | €5,063 | €9,014 | +€3,951 | +78.0% |
| Deferred charges and accrued income | 490/1 | €2,393 | €398 | -€1,995 | -83.4% |
| Total equity and liabilities | 10/49 | €36,018 | €40,321 | +€4,302 | +11.9% |
| Equity | 10/15 | €4,901 | -€4,752 | -€9,653 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €901 | €901 | = | 0.0% |
| Distributable reserves | 133 | €901 | €901 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,653 | -€9,653 | |
| Amounts payable | 17/49 | €31,117 | €45,073 | +€13,956 | +44.8% |
| Amounts payable after more than one year | 17 | €15,000 | €15,788 | +€788 | +5.3% |
| Financial debts | 170/4 | €15,000 | €15,788 | +€788 | +5.3% |
| Amounts payable within one year | 42/48 | €16,117 | €29,285 | +€13,168 | +81.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,038 | +€5,038 | |
| Financial debts | 43 | €2,000 | €0 | -€2,000 | -100% |
| Credit institutions | 430/8 | €2,000 | €0 | -€2,000 | -100% |
| Trade debts | 44 | €2,943 | €7,761 | +€4,818 | +164% |
| Suppliers | 440/4 | €2,943 | €7,761 | +€4,818 | +164% |
| Taxes, remuneration and social security | 45 | €623 | €623 | = | 0.0% |
| Taxes | 450/3 | €623 | €623 | = | 0.0% |
| Other amounts payable | 47/48 | €10,551 | €15,863 | +€5,312 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593 | €818 | +€225 | +37.9% |
| Other operating charges | 640/8 | €973 | €357 | -€616 | -63.3% |
| Non-recurring operating charges | 66A | - | €387 | +€387 | |
| Gross operating margin | 9900 | €4,001 | -€6,287 | -€10,288 | |
| Operating profit (loss) | 9901 | €2,435 | -€7,849 | -€10,284 | |
| Financial income | 75/76B | €277 | €22 | -€255 | -91.9% |
| Recurring financial income | 75 | €277 | €22 | -€255 | -91.9% |
| Financial charges | 65/66B | €1,188 | €1,827 | +€639 | +53.8% |
| Recurring financial charges | 65 | €1,188 | €1,827 | +€639 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €1,524 | -€9,653 | -€11,178 | |
| Income taxes | 67/77 | €623 | €0 | -€623 | -100% |
| Profit (loss) for the period | 9904 | €901 | -€9,653 | -€10,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €901 | -€9,653 | -€10,555 |
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 13 October 2026 via checked.be.