IN FINE: 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 FINE
Largest movements
- Cash +€30,474
up €30,474 (+13.5%), from €225,059 to €255,534
mainly Net result for the year (+€56,123) and Debts after one year (+€9,694)
- Tangible fixed assets +€19,043
up €19,043 (+79.5%), from €23,940 to €42,983
- Stocks and contracts +€4,181
up €4,181 (+8.0%), from €52,203 to €56,384
- Reserves +€50,000
up €50,000 (+57.6%), from €86,860 to €136,860
- Debts after one year +€9,694
up €9,694 (+73.1%), from €13,262 to €22,956
- Trade debts -€7,134
down €7,134 (-33.4%), from €21,333 to €14,199
- Tax, wage and social debts +€6,211
up €6,211 (+11.9%), from €52,081 to €58,292
of which Taxes: +€4,836
- Profit (loss) carried forward -€5,642
down €5,642 (-4.1%), from €138,461 to €132,818
- Gross operating margin -€8,067
down €8,067 (-5.5%), from €145,360 to €137,293
- Depreciation -€4,974
down €4,974 (-50.8%), from €9,791 to €4,816
- Taxes -€2,279
down €2,279 (-9.6%), from €23,724 to €21,446
- Staff costs +€1,923
up €1,923 (+4.1%), from €46,550 to €48,473
- Other operating charges +€1,825
up €1,825 (+176%), from €1,037 to €2,861
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 | €339,142 | €394,058 | +€54,916 | +16.2% |
| Fixed assets | 21/28 | €23,941 | €42,984 | +€19,043 | +79.5% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €23,940 | €42,983 | +€19,043 | +79.5% |
| Furniture and vehicles | 24 | €23,940 | €42,983 | +€19,043 | +79.5% |
| Current assets | 29/58 | €315,201 | €351,074 | +€35,873 | +11.4% |
| Amounts receivable after more than one year | 29 | €22,734 | €23,123 | +€390 | +1.7% |
| Other amounts receivable | 291 | €22,734 | €23,123 | +€390 | +1.7% |
| Stocks and contracts in progress | 3 | €52,203 | €56,384 | +€4,181 | +8.0% |
| Stocks | 30/36 | €52,203 | €56,384 | +€4,181 | +8.0% |
| Amounts receivable within one year | 40/41 | €15,205 | €16,033 | +€828 | +5.4% |
| Trade receivables | 40 | €591 | €388 | -€203 | -34.4% |
| Other amounts receivable | 41 | €14,614 | €15,645 | +€1,031 | +7.1% |
| Cash at bank and in hand | 54/58 | €225,059 | €255,534 | +€30,474 | +13.5% |
| Total equity and liabilities | 10/49 | €339,142 | €394,058 | +€54,916 | +16.2% |
| Equity | 10/15 | €243,921 | €288,278 | +€44,358 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,860 | €136,860 | +€50,000 | +57.6% |
| Non-distributable reserves | 130/1 | €86,860 | €136,860 | +€50,000 | +57.6% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €85,000 | €135,000 | +€50,000 | +58.8% |
| Profit (loss) carried forward | 14 | €138,461 | €132,818 | -€5,642 | -4.1% |
| Amounts payable | 17/49 | €95,221 | €105,779 | +€10,558 | +11.1% |
| Amounts payable after more than one year | 17 | €13,262 | €22,956 | +€9,694 | +73.1% |
| Financial debts | 170/4 | €13,262 | €22,956 | +€9,694 | +73.1% |
| Amounts payable within one year | 42/48 | €81,960 | €82,824 | +€864 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €8,546 | €8,568 | +€22 | +0.3% |
| Trade debts | 44 | €21,333 | €14,199 | -€7,134 | -33.4% |
| Suppliers | 440/4 | €21,333 | €14,199 | -€7,134 | -33.4% |
| Taxes, remuneration and social security | 45 | €52,081 | €58,292 | +€6,211 | +11.9% |
| Taxes | 450/3 | €42,867 | €47,703 | +€4,836 | +11.3% |
| Remuneration and social security | 454/9 | €9,213 | €10,589 | +€1,375 | +14.9% |
| Other amounts payable | 47/48 | - | €1,765 | +€1,765 | |
| Remuneration, social security and pensions | 62 | €46,550 | €48,473 | +€1,923 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,791 | €4,816 | -€4,974 | -50.8% |
| Other operating charges | 640/8 | €1,037 | €2,861 | +€1,825 | +176% |
| Gross operating margin | 9900 | €145,360 | €137,293 | -€8,067 | -5.5% |
| Operating profit (loss) | 9901 | €87,983 | €81,143 | -€6,840 | -7.8% |
| Financial income | 75/76B | €473 | €405 | -€68 | -14.4% |
| Recurring financial income | 75 | €473 | €405 | -€68 | -14.4% |
| Financial charges | 65/66B | €3,884 | €3,979 | +€95 | +2.5% |
| Recurring financial charges | 65 | €3,884 | €3,979 | +€95 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €84,572 | €77,568 | -€7,003 | -8.3% |
| Income taxes | 67/77 | €23,724 | €21,446 | -€2,279 | -9.6% |
| Profit (loss) for the period | 9904 | €60,847 | €56,123 | -€4,725 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,847 | €56,123 | -€4,725 | -7.8% |
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 23 October 2026 via checked.be.