In2out: 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.
In2out
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Cash -€199,140
down €199,140 (-72.4%), from €274,875 to €75,735
mainly Current investments (-€300,000) and Contributions, distributions and other (-€146,283)
- Tangible fixed assets -€67,738
down €67,738 (-15.1%), from €447,260 to €379,522
of which Furniture and vehicles: -€58,496
- Receivables within one year -€29,325
down €29,325 (-51.9%), from €56,473 to €27,148
of which Trade receivables: -€30,256
- Other debts +€99,038
up €99,038 (+18296.7%), from €541 to €99,580
- Reserves -€79,928
down €79,928 (-15.2%), from €526,753 to €446,824
- Accrued charges and deferred income -€19,892
down €19,892 (-99.4%), from €20,010 to €117
- Trade debts +€18,712
up €18,712 (+59.8%), from €31,314 to €50,025
- Debts after one year -€17,547
down €17,547 (-11.4%), from €153,531 to €135,984
- Gross operating margin -€28,779
down €28,779 (-14.8%), from €194,065 to €165,286
- Taxes -€6,961
down €6,961 (-21.3%), from €32,700 to €25,740
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 | €794,954 | €797,887 | +€2,933 | +0.4% |
| Fixed assets | 21/28 | €447,260 | €379,522 | -€67,738 | -15.1% |
| Tangible fixed assets | 22/27 | €447,260 | €379,522 | -€67,738 | -15.1% |
| Land and buildings | 22 | €244,722 | €232,814 | -€11,908 | -4.9% |
| Plant, machinery and equipment | 23 | €1,837 | €4,503 | +€2,666 | +145.1% |
| Furniture and vehicles | 24 | €200,701 | €142,205 | -€58,496 | -29.1% |
| Current assets | 29/58 | €347,693 | €418,364 | +€70,671 | +20.3% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,473 | €27,148 | -€29,325 | -51.9% |
| Trade receivables | 40 | €55,514 | €25,258 | -€30,256 | -54.5% |
| Other amounts receivable | 41 | €959 | €1,890 | +€931 | +97.1% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €274,875 | €75,735 | -€199,140 | -72.4% |
| Deferred charges and accrued income | 490/1 | €15,845 | €14,981 | -€864 | -5.5% |
| Total equity and liabilities | 10/49 | €794,954 | €797,887 | +€2,933 | +0.4% |
| Equity | 10/15 | €551,753 | €471,824 | -€79,928 | -14.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €526,753 | €446,824 | -€79,928 | -15.2% |
| Distributable reserves | 133 | €526,753 | €446,824 | -€79,928 | -15.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €243,201 | €326,063 | +€82,862 | +34.1% |
| Amounts payable after more than one year | 17 | €153,531 | €135,984 | -€17,547 | -11.4% |
| Financial debts | 170/4 | €153,531 | €135,984 | -€17,547 | -11.4% |
| Amounts payable within one year | 42/48 | €69,661 | €189,962 | +€120,301 | +172.7% |
| Current portion of amounts payable after more than one year | 42 | €18,495 | €18,685 | +€190 | +1.0% |
| Trade debts | 44 | €31,314 | €50,025 | +€18,712 | +59.8% |
| Suppliers | 440/4 | €31,314 | €50,025 | +€18,712 | +59.8% |
| Taxes, remuneration and social security | 45 | €19,311 | €21,672 | +€2,361 | +12.2% |
| Taxes | 450/3 | €19,311 | €21,672 | +€2,361 | +12.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €541 | €99,580 | +€99,038 | +18296.7% |
| Accrued charges and deferred income | 492/3 | €20,010 | €117 | -€19,892 | -99.4% |
| Non-recurring operating income | 76A | €29,000 | €0 | -€29,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,388 | €71,540 | -€848 | -1.2% |
| Other operating charges | 640/8 | €2,544 | €3,019 | +€474 | +18.6% |
| Gross operating margin | 9900 | €194,065 | €165,286 | -€28,779 | -14.8% |
| Operating profit (loss) | 9901 | €119,133 | €90,727 | -€28,406 | -23.8% |
| Financial income | 75/76B | €1,375 | €3,292 | +€1,917 | +139.4% |
| Recurring financial income | 75 | €1,375 | €3,292 | +€1,917 | +139.4% |
| Financial charges | 65/66B | €2,068 | €1,924 | -€143 | -6.9% |
| Recurring financial charges | 65 | €2,068 | €1,924 | -€143 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €118,440 | €92,094 | -€26,346 | -22.2% |
| Income taxes | 67/77 | €32,700 | €25,740 | -€6,961 | -21.3% |
| Profit (loss) for the period | 9904 | €85,740 | €66,355 | -€19,385 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,740 | €66,355 | -€19,385 | -22.6% |
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 8 October 2026 via checked.be.