IN-OCTAVO: 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-OCTAVO
Largest movements
- Receivables within one year -€1,557
down €1,557 (-13.1%), from €11,910 to €10,353
of which Trade receivables: -€3,414
- Tangible fixed assets -€1,461
down €1,461 (-16.8%), from €8,719 to €7,257
of which Plant, machinery and equipment: -€1,302
- Short-term financial debts -€3,699
down €3,699 (-49.4%), from €7,481 to €3,782
- Trade debts -€2,255
down €2,255 (-30.2%), from €7,460 to €5,205
- Reserves +€1,945
up €1,945 (+6.5%), from €29,897 to €31,842
of which Distributable reserves: +€1,945
- Tax, wage and social debts +€991
up €991 (+21.6%), from €4,591 to €5,582
- Gross operating margin +€4,995
up €4,995 (+413%), from €1,210 to €6,205
- Taxes +€1,091
up €1,091 (+85.6%), from €1,274 to €2,365
- Financial income +€116
up €116 (+7.9%), from €1,460 to €1,575
- Depreciation -€95
down €95 (-4.7%), from €2,010 to €1,915
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,628 | €52,610 | -€3,018 | -5.4% |
| Fixed assets | 21/28 | €8,719 | €7,257 | -€1,461 | -16.8% |
| Tangible fixed assets | 22/27 | €8,719 | €7,257 | -€1,461 | -16.8% |
| Plant, machinery and equipment | 23 | €7,939 | €6,638 | -€1,302 | -16.4% |
| Furniture and vehicles | 24 | €780 | €620 | -€160 | -20.5% |
| Current assets | 29/58 | €46,910 | €45,353 | -€1,557 | -3.3% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,910 | €10,353 | -€1,557 | -13.1% |
| Trade receivables | 40 | €9,251 | €5,837 | -€3,414 | -36.9% |
| Other amounts receivable | 41 | €2,659 | €4,516 | +€1,857 | +69.8% |
| Total equity and liabilities | 10/49 | €55,628 | €52,610 | -€3,018 | -5.4% |
| Equity | 10/15 | €36,097 | €38,042 | +€1,945 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,897 | €31,842 | +€1,945 | +6.5% |
| Tax-exempt reserves | 132 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €12,397 | €14,342 | +€1,945 | +15.7% |
| Amounts payable | 17/49 | €19,531 | €14,568 | -€4,963 | -25.4% |
| Amounts payable within one year | 42/48 | €19,531 | €14,568 | -€4,963 | -25.4% |
| Financial debts | 43 | €7,481 | €3,782 | -€3,699 | -49.4% |
| Credit institutions | 430/8 | €7,481 | €3,782 | -€3,699 | -49.4% |
| Trade debts | 44 | €7,460 | €5,205 | -€2,255 | -30.2% |
| Suppliers | 440/4 | €7,460 | €5,205 | -€2,255 | -30.2% |
| Taxes, remuneration and social security | 45 | €4,591 | €5,582 | +€991 | +21.6% |
| Taxes | 450/3 | €4,591 | €5,582 | +€991 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,010 | €1,915 | -€95 | -4.7% |
| Gross operating margin | 9900 | €1,210 | €6,205 | +€4,995 | +413% |
| Operating profit (loss) | 9901 | -€800 | €4,290 | +€5,090 | |
| Financial income | 75/76B | €1,460 | €1,575 | +€116 | +7.9% |
| Recurring financial income | 75 | €1,460 | €1,575 | +€116 | +7.9% |
| Financial charges | 65/66B | €1,526 | €1,555 | +€28 | +1.9% |
| Recurring financial charges | 65 | €1,526 | €1,555 | +€28 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€867 | €4,310 | +€5,177 | |
| Income taxes | 67/77 | €1,274 | €2,365 | +€1,091 | +85.6% |
| Profit (loss) for the period | 9904 | -€2,141 | €1,945 | +€4,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,141 | €1,945 | +€4,086 |
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 28 October 2026 via checked.be.