In&O: 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.
In&O
Largest movements
- Cash +€125,488
up €125,488 (+39.9%), from €314,249 to €439,737
mainly Net result for the year (+€114,667) and Deferred charges and accrued income (+€40,346)
- Deferred charges and accrued income -€40,346
down €40,346 (-100.0%), from €40,346 to €0
- Receivables within one year +€31,531
up €31,531 (+131.0%), from €24,061 to €55,592
of which Other amounts receivable: +€33,738
- Reserves +€114,000
up €114,000 (+37.3%), from €305,500 to €419,500
- Gross operating margin -€114,842
down €114,842 (-40.8%), from €281,754 to €166,913
- Taxes -€36,240
down €36,240 (-42.7%), from €84,781 to €48,541
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 | €388,579 | €502,589 | +€114,010 | +29.3% |
| Fixed assets | 21/28 | €9,923 | €7,260 | -€2,663 | -26.8% |
| Tangible fixed assets | 22/27 | €9,923 | €7,260 | -€2,663 | -26.8% |
| Land and buildings | 22 | €8,588 | €6,306 | -€2,282 | -26.6% |
| Plant, machinery and equipment | 23 | €1,335 | - | -€1,335 | |
| Furniture and vehicles | 24 | - | €954 | +€954 | |
| Current assets | 29/58 | €378,656 | €495,329 | +€116,673 | +30.8% |
| Amounts receivable within one year | 40/41 | €24,061 | €55,592 | +€31,531 | +131.0% |
| Trade receivables | 40 | €24,061 | €21,854 | -€2,207 | -9.2% |
| Other amounts receivable | 41 | - | €33,738 | +€33,738 | |
| Cash at bank and in hand | 54/58 | €314,249 | €439,737 | +€125,488 | +39.9% |
| Deferred charges and accrued income | 490/1 | €40,346 | €0 | -€40,346 | -100.0% |
| Total equity and liabilities | 10/49 | €388,579 | €502,589 | +€114,010 | +29.3% |
| Equity | 10/15 | €334,685 | €449,352 | +€114,667 | +34.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €305,500 | €419,500 | +€114,000 | +37.3% |
| Distributable reserves | 133 | €305,500 | €419,500 | +€114,000 | +37.3% |
| Profit (loss) carried forward | 14 | €26,185 | €26,852 | +€667 | +2.5% |
| Amounts payable | 17/49 | €53,894 | €53,237 | -€657 | -1.2% |
| Amounts payable within one year | 42/48 | €53,894 | €53,237 | -€657 | -1.2% |
| Trade debts | 44 | €3,268 | €775 | -€2,493 | -76.3% |
| Suppliers | 440/4 | €3,268 | €775 | -€2,493 | -76.3% |
| Taxes, remuneration and social security | 45 | €50,409 | €52,463 | +€2,054 | +4.1% |
| Taxes | 450/3 | €48,409 | €52,463 | +€4,054 | +8.4% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €217 | €0 | -€217 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,296 | €2,663 | +€367 | +16.0% |
| Other operating charges | 640/8 | €2,152 | €969 | -€1,183 | -55.0% |
| Gross operating margin | 9900 | €281,754 | €166,913 | -€114,842 | -40.8% |
| Operating profit (loss) | 9901 | €277,306 | €163,280 | -€114,026 | -41.1% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €365 | €72 | -€293 | -80.3% |
| Recurring financial charges | 65 | €365 | €72 | -€293 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | €276,941 | €163,208 | -€113,733 | -41.1% |
| Income taxes | 67/77 | €84,781 | €48,541 | -€36,240 | -42.7% |
| Profit (loss) for the period | 9904 | €192,160 | €114,667 | -€77,493 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €192,160 | €114,667 | -€77,493 | -40.3% |
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.