IN-FACT: 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.
IN-FACT
Largest movements
- Tangible fixed assets +€9,061
up €9,061 (+2,622%), from €346 to €9,407
- Receivables within one year -€6,344
down €6,344 (-37.8%), from €16,774 to €10,430
of which Trade receivables: -€11,374
- Cash +€2,919
up €2,919 (+66.1%), from €4,415 to €7,334
mainly Net result for the year (+€14,160) and Receivables within one year (+€6,344)
- Receivables after one year -€1,746
down €1,746 (-12.8%), from €13,638 to €11,893
- Profit (loss) carried forward +€8,160
up €8,160 (+1,455%), from €561 to €8,721
- Tax, wage and social debts -€3,092
down €3,092 (-21.9%), from €14,134 to €11,042
of which Taxes: -€1,892
- Trade debts -€1,078
down €1,078 (-46.5%), from €2,319 to €1,241
- Gross operating margin +€10,783
up €10,783 (+103%), from €10,437 to €21,220
- Taxes +€2,029
up €2,029 (+117%), from €1,728 to €3,757
- Financial charges +€1,221
up €1,221 (+527%), from €232 to €1,453
- Other operating charges +€446
up €446 (+23.3%), from €1,910 to €2,356
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 | €35,174 | €39,064 | +€3,891 | +11.1% |
| Fixed assets | 21/28 | €346 | €9,407 | +€9,061 | +2,622% |
| Tangible fixed assets | 22/27 | €346 | €9,407 | +€9,061 | +2,622% |
| Furniture and vehicles | 24 | €346 | €9,407 | +€9,061 | +2,622% |
| Current assets | 29/58 | €34,828 | €29,657 | -€5,171 | -14.8% |
| Amounts receivable after more than one year | 29 | €13,638 | €11,893 | -€1,746 | -12.8% |
| Other amounts receivable | 291 | €13,638 | €11,893 | -€1,746 | -12.8% |
| Amounts receivable within one year | 40/41 | €16,774 | €10,430 | -€6,344 | -37.8% |
| Trade receivables | 40 | €11,374 | - | -€11,374 | |
| Other amounts receivable | 41 | €5,400 | €10,430 | +€5,030 | +93.1% |
| Cash at bank and in hand | 54/58 | €4,415 | €7,334 | +€2,919 | +66.1% |
| Total equity and liabilities | 10/49 | €35,174 | €39,064 | +€3,891 | +11.1% |
| Equity | 10/15 | €12,621 | €20,781 | +€8,160 | +64.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,860 | €5,860 | = | 0.0% |
| 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 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €561 | €8,721 | +€8,160 | +1,455% |
| Amounts payable | 17/49 | €22,553 | €18,283 | -€4,270 | -18.9% |
| Amounts payable within one year | 42/48 | €22,553 | €18,283 | -€4,270 | -18.9% |
| Trade debts | 44 | €2,319 | €1,241 | -€1,078 | -46.5% |
| Suppliers | 440/4 | €2,319 | €1,241 | -€1,078 | -46.5% |
| Taxes, remuneration and social security | 45 | €14,134 | €11,042 | -€3,092 | -21.9% |
| Taxes | 450/3 | €12,934 | €11,042 | -€1,892 | -14.6% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €6,100 | €6,000 | -€100 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €439 | +€191 | +77.0% |
| Other operating charges | 640/8 | €1,910 | €2,356 | +€446 | +23.3% |
| Gross operating margin | 9900 | €10,437 | €21,220 | +€10,783 | +103% |
| Operating profit (loss) | 9901 | €8,279 | €18,425 | +€10,146 | +123% |
| Financial income | 75/76B | €749 | €945 | +€197 | +26.3% |
| Recurring financial income | 75 | €749 | €945 | +€197 | +26.3% |
| Financial charges | 65/66B | €232 | €1,453 | +€1,221 | +527% |
| Recurring financial charges | 65 | €232 | €1,453 | +€1,221 | +527% |
| Profit (loss) for the period before taxes | 9903 | €8,796 | €17,917 | +€9,122 | +104% |
| Income taxes | 67/77 | €1,728 | €3,757 | +€2,029 | +117% |
| Profit (loss) for the period | 9904 | €7,068 | €14,160 | +€7,093 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €7,068 | €14,160 | +€7,093 | +100% |
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 26 October 2026 via checked.be.