Independer.be: 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.
Independer.be
Largest movements
- Receivables within one year +€411,588
up €411,588 (+447%), from €92,021 to €503,609
of which Other amounts receivable: +€427,850
- Intangible fixed assets -€306,430
down €306,430 (-58.6%), from €523,309 to €216,879
- Contributions +€10.0m
up €10.0m (+16,129%), from €62,000 to €10.1m
- Other debts -€8.3m
down €8.3m (-100%), from €8.3m to €0
- Profit (loss) carried forward -€1.3m
down €1.3m (-15.1%), from -€8.5m to -€9.8m
- Trade debts -€195,325
down €195,325 (-31.2%), from €625,253 to €429,928
- Accrued charges and deferred income -€81,624
down €81,624 (-100%), from €81,624 to €0
- Financial charges -€240,383
down €240,383 (-76.6%), from €313,960 to €73,578
- Gross operating margin +€207,520
up €207,520 (+25.2%), from -€823,873 to -€616,354
- Staff costs -€110,010
down €110,010 (-27.5%), from €400,616 to €290,605
- Depreciation +€26,283
up €26,283 (+9.4%), from €280,147 to €306,430
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 | €640,811 | €742,867 | +€102,057 | +15.9% |
| Fixed assets | 21/28 | €523,309 | €216,879 | -€306,430 | -58.6% |
| Intangible fixed assets | 21 | €523,309 | €216,879 | -€306,430 | -58.6% |
| Current assets | 29/58 | €117,501 | €525,988 | +€408,487 | +348% |
| Amounts receivable within one year | 40/41 | €92,021 | €503,609 | +€411,588 | +447% |
| Trade receivables | 40 | €76,917 | €60,655 | -€16,262 | -21.1% |
| Other amounts receivable | 41 | €15,104 | €442,954 | +€427,850 | +2,833% |
| Deferred charges and accrued income | 490/1 | €25,480 | €22,379 | -€3,101 | -12.2% |
| Total equity and liabilities | 10/49 | €640,811 | €742,867 | +€102,057 | +15.9% |
| Equity | 10/15 | -€8,433,159 | €288,209 | +€8.7m | |
| Contributions | 10/11 | €62,000 | €10,062,000 | +€10.0m | +16,129% |
| Capital | 10 | €62,000 | €10,062,000 | +€10.0m | +16,129% |
| Issued capital | 100 | €62,000 | €10,062,000 | +€10.0m | +16,129% |
| Profit (loss) carried forward | 14 | -€8,495,159 | -€9,773,791 | -€1.3m | -15.1% |
| Provisions and deferred taxes | 16 | €7,467 | €4,254 | -€3,213 | -43.0% |
| Provisions for liabilities and charges | 160/5 | €7,467 | €4,254 | -€3,213 | -43.0% |
| Pensions and similar obligations | 160 | €7,467 | €4,254 | -€3,213 | -43.0% |
| Amounts payable | 17/49 | €9,066,503 | €450,404 | -€8.6m | -95.0% |
| Amounts payable within one year | 42/48 | €8,984,878 | €450,404 | -€8.5m | -95.0% |
| Trade debts | 44 | €625,253 | €429,928 | -€195,325 | -31.2% |
| Suppliers | 440/4 | €625,253 | €429,928 | -€195,325 | -31.2% |
| Taxes, remuneration and social security | 45 | €29,490 | €20,476 | -€9,014 | -30.6% |
| Taxes | 450/3 | €819 | €756 | -€63 | -7.7% |
| Remuneration and social security | 454/9 | €28,671 | €19,720 | -€8,951 | -31.2% |
| Other amounts payable | 47/48 | €8,330,135 | €0 | -€8.3m | -100% |
| Accrued charges and deferred income | 492/3 | €81,624 | €0 | -€81,624 | -100% |
| Non-recurring operating income | 76A | €312,500 | €550,188 | +€237,688 | +76.1% |
| Remuneration, social security and pensions | 62 | €400,616 | €290,605 | -€110,010 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280,147 | €306,430 | +€26,283 | +9.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,078 | -€3,213 | -€6,291 | |
| Other operating charges | 640/8 | €503 | €1,021 | +€518 | +103% |
| Gross operating margin | 9900 | -€823,873 | -€616,354 | +€207,520 | +25.2% |
| Operating profit (loss) | 9901 | -€1,508,217 | -€1,211,197 | +€297,020 | +19.7% |
| Financial income | 75/76B | - | €6,499 | +€6,499 | |
| Recurring financial income | 75 | - | €6,499 | +€6,499 | |
| Financial charges | 65/66B | €313,960 | €73,578 | -€240,383 | -76.6% |
| Recurring financial charges | 65 | €313,960 | €73,578 | -€240,383 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,822,178 | -€1,278,276 | +€543,902 | +29.8% |
| Income taxes | 67/77 | €110 | €356 | +€246 | +223% |
| Profit (loss) for the period | 9904 | -€1,822,288 | -€1,278,632 | +€543,656 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,822,288 | -€1,278,632 | +€543,656 | +29.8% |
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 24 October 2026 via checked.be.