in2mat: 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.
in2mat
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash +€46,299
up €46,299 (+21.9%), from €211,065 to €257,364
mainly Net result for the year (+€121,334) and Depreciation (+€18,550)
- Receivables within one year +€25,127
up €25,127 (+56.7%), from €44,284 to €69,411
of which Trade receivables: +€13,049
- Tangible fixed assets -€18,281
down €18,281 (-22.9%), from €79,804 to €61,523
of which Furniture and vehicles: -€17,651
- Reserves +€121,334
up €121,334 (+43.2%), from €281,109 to €402,444
- Current portion of long-term debt -€17,848
down €17,848 (-74.4%), from €23,987 to €6,138
- Debts after one year -€6,138
no longer reported in 2025 (was €6,138)
- Gross operating margin +€2,989
up €2,989 (+1.7%), from €177,283 to €180,272
- Taxes +€1,828
up €1,828 (+5.1%), from €35,887 to €37,715
- Depreciation +€1,823
up €1,823 (+10.9%), from €16,727 to €18,550
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 | €339,676 | €439,139 | +€99,463 | +29.3% |
| Formation expenses | 20 | €269 | €0 | -€269 | -100.0% |
| Fixed assets | 21/28 | €80,304 | €61,523 | -€18,781 | -23.4% |
| Tangible fixed assets | 22/27 | €79,804 | €61,523 | -€18,281 | -22.9% |
| Plant, machinery and equipment | 23 | €654 | €24 | -€630 | -96.3% |
| Furniture and vehicles | 24 | €79,150 | €61,499 | -€17,651 | -22.3% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €259,103 | €377,616 | +€118,513 | +45.7% |
| Amounts receivable within one year | 40/41 | €44,284 | €69,411 | +€25,127 | +56.7% |
| Trade receivables | 40 | €34,035 | €47,084 | +€13,049 | +38.3% |
| Other amounts receivable | 41 | €10,249 | €22,327 | +€12,078 | +117.8% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €211,065 | €257,364 | +€46,299 | +21.9% |
| Deferred charges and accrued income | 490/1 | €3,754 | €841 | -€2,913 | -77.6% |
| Total equity and liabilities | 10/49 | €339,676 | €439,139 | +€99,463 | +29.3% |
| Equity | 10/15 | €306,109 | €427,444 | +€121,334 | +39.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €281,109 | €402,444 | +€121,334 | +43.2% |
| Distributable reserves | 133 | €281,109 | €402,444 | +€121,334 | +43.2% |
| Amounts payable | 17/49 | €33,567 | €11,696 | -€21,871 | -65.2% |
| Amounts payable after more than one year | 17 | €6,138 | - | -€6,138 | |
| Financial debts | 170/4 | €6,138 | - | -€6,138 | |
| Amounts payable within one year | 42/48 | €27,428 | €8,540 | -€18,889 | -68.9% |
| Current portion of amounts payable after more than one year | 42 | €23,987 | €6,138 | -€17,848 | -74.4% |
| Trade debts | 44 | €472 | €861 | +€389 | +82.2% |
| Suppliers | 440/4 | €472 | €861 | +€389 | +82.2% |
| Taxes, remuneration and social security | 45 | €2,969 | €1,540 | -€1,429 | -48.1% |
| Taxes | 450/3 | €2,969 | €1,540 | -€1,429 | -48.1% |
| Accrued charges and deferred income | 492/3 | - | €3,156 | +€3,156 | |
| Non-recurring operating income | 76A | €369 | - | -€369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,727 | €18,550 | +€1,823 | +10.9% |
| Other operating charges | 640/8 | €1,596 | €1,919 | +€323 | +20.2% |
| Gross operating margin | 9900 | €177,283 | €180,272 | +€2,989 | +1.7% |
| Operating profit (loss) | 9901 | €158,959 | €159,803 | +€843 | +0.5% |
| Financial income | 75/76B | €4 | €840 | +€836 | +20147.0% |
| Recurring financial income | 75 | €4 | €840 | +€836 | +20147.0% |
| Financial charges | 65/66B | €1,741 | €1,594 | -€148 | -8.5% |
| Recurring financial charges | 65 | €1,741 | €1,594 | -€148 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €157,222 | €159,049 | +€1,827 | +1.2% |
| Income taxes | 67/77 | €35,887 | €37,715 | +€1,828 | +5.1% |
| Profit (loss) for the period | 9904 | €121,336 | €121,334 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,336 | €121,334 | -€1 | 0.0% |
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 10 October 2026 via checked.be.