iFlag: 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.
iFlag
Largest movements
- Current investments +€41,000
up €41,000 (+49.2%), from €83,410 to €124,410
- Receivables within one year +€24,132
up €24,132 (+213%), from €11,336 to €35,468
- Tangible fixed assets -€23,062
down €23,062 (-74.8%), from €30,812 to €7,750
- Stocks and contracts +€8,703
up €8,703 (+49.7%), from €17,504 to €26,207
- Cash -€4,026
down €4,026 (-12.0%), from €33,428 to €29,402
mainly Contributions, distributions and other (-€83,898) and Current investments (-€41,000)
- Other debts +€73,305
up €73,305 (+495%), from €14,817 to €88,122
- Reserves -€52,288
down €52,288 (-38.0%), from €137,623 to €85,335
of which Distributable reserves: -€52,288
- Tax, wage and social debts +€17,814
up €17,814 (+200%), from €8,911 to €26,725
- Trade debts +€10,548
new in 2025: €10,548
- Gross operating margin -€10,266
down €10,266 (-12.3%), from €83,793 to €73,527
- Taxes -€2,523
down €2,523 (-15.7%), from €16,076 to €13,553
- Depreciation +€2,004
up €2,004 (+8.0%), from €24,900 to €26,904
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 | €179,951 | €229,330 | +€49,379 | +27.4% |
| Fixed assets | 21/28 | €30,812 | €7,750 | -€23,062 | -74.8% |
| Tangible fixed assets | 22/27 | €30,812 | €7,750 | -€23,062 | -74.8% |
| Furniture and vehicles | 24 | €30,812 | €7,750 | -€23,062 | -74.8% |
| Current assets | 29/58 | €149,139 | €221,580 | +€72,441 | +48.6% |
| Stocks and contracts in progress | 3 | €17,504 | €26,207 | +€8,703 | +49.7% |
| Stocks | 30/36 | €17,504 | €26,207 | +€8,703 | +49.7% |
| Amounts receivable within one year | 40/41 | €11,336 | €35,468 | +€24,132 | +213% |
| Trade receivables | 40 | €11,336 | €35,468 | +€24,132 | +213% |
| Current investments | 50/53 | €83,410 | €124,410 | +€41,000 | +49.2% |
| Cash at bank and in hand | 54/58 | €33,428 | €29,402 | -€4,026 | -12.0% |
| Deferred charges and accrued income | 490/1 | €3,461 | €6,093 | +€2,632 | +76.0% |
| Total equity and liabilities | 10/49 | €179,951 | €229,330 | +€49,379 | +27.4% |
| Equity | 10/15 | €156,223 | €103,935 | -€52,288 | -33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,623 | €85,335 | -€52,288 | -38.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €135,763 | €83,475 | -€52,288 | -38.5% |
| Amounts payable | 17/49 | €23,728 | €125,395 | +€101,667 | +428% |
| Amounts payable within one year | 42/48 | €23,728 | €125,395 | +€101,667 | +428% |
| Trade debts | 44 | - | €10,548 | +€10,548 | |
| Suppliers | 440/4 | - | €10,548 | +€10,548 | |
| Taxes, remuneration and social security | 45 | €8,911 | €26,725 | +€17,814 | +200% |
| Taxes | 450/3 | €8,911 | €26,725 | +€17,814 | +200% |
| Other amounts payable | 47/48 | €14,817 | €88,122 | +€73,305 | +495% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,900 | €26,904 | +€2,004 | +8.0% |
| Other operating charges | 640/8 | €1,448 | €1,158 | -€290 | -20.0% |
| Gross operating margin | 9900 | €83,793 | €73,527 | -€10,266 | -12.3% |
| Operating profit (loss) | 9901 | €57,445 | €45,465 | -€11,980 | -20.9% |
| Financial income | 75/76B | €2 | €22 | +€20 | +1,000% |
| Recurring financial income | 75 | €2 | €22 | +€20 | +1,000% |
| Financial charges | 65/66B | €121 | €324 | +€203 | +168% |
| Recurring financial charges | 65 | €121 | €324 | +€203 | +168% |
| Profit (loss) for the period before taxes | 9903 | €57,326 | €45,163 | -€12,163 | -21.2% |
| Income taxes | 67/77 | €16,076 | €13,553 | -€2,523 | -15.7% |
| Profit (loss) for the period | 9904 | €41,250 | €31,610 | -€9,640 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,250 | €31,610 | -€9,640 | -23.4% |
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 18 October 2026 via checked.be.