INEDITO: 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.
INEDITO
Largest movements
- Receivables within one year -€56,848
down €56,848 (-85.5%), from €66,489 to €9,641
of which Other amounts receivable: -€38,880
- Cash +€3,874
up €3,874 (+2.8%), from €137,449 to €141,324
mainly Receivables within one year (+€56,848) and Net result for the year (+€4,211)
- Other debts -€45,270
down €45,270 (-54.2%), from €83,500 to €38,230
- Tax, wage and social debts -€10,011
down €10,011 (-35.0%), from €28,620 to €18,609
of which Taxes: -€10,391
- Reserves +€4,200
up €4,200 (+6.8%), from €61,659 to €65,859
of which Distributable reserves: +€4,200
- Gross operating margin -€42,159
down €42,159 (-32.4%), from €130,037 to €87,878
- Taxes -€13,692
down €13,692 (-80.2%), from €17,081 to €3,389
- Staff costs +€3,483
up €3,483 (+4.6%), from €75,840 to €79,324
- Financial income -€2,062
down €2,062 (-63.7%), from €3,235 to €1,173
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 | €205,133 | €152,951 | -€52,182 | -25.4% |
| Fixed assets | 21/28 | €1,195 | €1,986 | +€791 | +66.2% |
| Tangible fixed assets | 22/27 | €945 | €1,736 | +€791 | +83.7% |
| Furniture and vehicles | 24 | €945 | €1,736 | +€791 | +83.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €203,938 | €150,965 | -€52,973 | -26.0% |
| Amounts receivable within one year | 40/41 | €66,489 | €9,641 | -€56,848 | -85.5% |
| Trade receivables | 40 | €27,609 | €9,641 | -€17,967 | -65.1% |
| Other amounts receivable | 41 | €38,880 | €0 | -€38,880 | -100.0% |
| Cash at bank and in hand | 54/58 | €137,449 | €141,324 | +€3,874 | +2.8% |
| Total equity and liabilities | 10/49 | €205,133 | €152,951 | -€52,182 | -25.4% |
| Equity | 10/15 | €91,501 | €95,712 | +€4,211 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,659 | €65,859 | +€4,200 | +6.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €59,800 | €64,000 | +€4,200 | +7.0% |
| Profit (loss) carried forward | 14 | €11,250 | €11,261 | +€11 | +0.1% |
| Amounts payable | 17/49 | €113,632 | €57,239 | -€56,394 | -49.6% |
| Amounts payable within one year | 42/48 | €113,632 | €57,239 | -€56,394 | -49.6% |
| Trade debts | 44 | €1,512 | €400 | -€1,112 | -73.6% |
| Suppliers | 440/4 | €1,512 | €400 | -€1,112 | -73.6% |
| Taxes, remuneration and social security | 45 | €28,620 | €18,609 | -€10,011 | -35.0% |
| Taxes | 450/3 | €17,978 | €7,587 | -€10,391 | -57.8% |
| Remuneration and social security | 454/9 | €10,642 | €11,022 | +€380 | +3.6% |
| Other amounts payable | 47/48 | €83,500 | €38,230 | -€45,270 | -54.2% |
| Remuneration, social security and pensions | 62 | €75,840 | €79,324 | +€3,483 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €878 | €694 | -€184 | -20.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €130,037 | €87,878 | -€42,159 | -32.4% |
| Operating profit (loss) | 9901 | €52,932 | €7,460 | -€45,471 | -85.9% |
| Financial income | 75/76B | €3,235 | €1,173 | -€2,062 | -63.7% |
| Recurring financial income | 75 | €3,235 | €1,173 | -€2,062 | -63.7% |
| Financial charges | 65/66B | €179 | €1,033 | +€854 | +475.6% |
| Recurring financial charges | 65 | €179 | €1,033 | +€854 | +475.6% |
| Profit (loss) for the period before taxes | 9903 | €55,987 | €7,600 | -€48,387 | -86.4% |
| Income taxes | 67/77 | €17,081 | €3,389 | -€13,692 | -80.2% |
| Profit (loss) for the period | 9904 | €38,906 | €4,211 | -€34,695 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,906 | €4,211 | -€34,695 | -89.2% |
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 3 October 2026 via checked.be.