INFLATE: 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.
INFLATE
Largest movements
- Cash +€21,323
up €21,323 (+420.2%), from €5,074 to €26,398
mainly Net result for the year (+€10,694) and Trade debts (+€7,120)
- Receivables within one year -€6,281
down €6,281 (-8.0%), from €78,412 to €72,131
of which Trade receivables: -€8,197
- Profit (loss) carried forward +€10,694
up €10,694 (+16.5%), from -€64,948 to -€54,253
- Trade debts +€7,120
up €7,120 (+26.1%), from €27,329 to €34,449
- Other debts -€2,549
no longer reported in 2025 (was €2,549)
- Gross operating margin -€21,960
down €21,960 (-51.1%), from €42,947 to €20,987
- Other operating charges -€7,471
down €7,471 (-61.8%), from €12,083 to €4,612
- Financial charges -€2,803
down €2,803 (-35.2%), from €7,971 to €5,168
of which Financial charges: -€3,245
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 | €85,704 | €101,456 | +€15,753 | +18.4% |
| Fixed assets | 21/28 | €2,156 | €2,577 | +€421 | +19.5% |
| Tangible fixed assets | 22/27 | €2,156 | €2,577 | +€421 | +19.5% |
| Plant, machinery and equipment | 23 | €872 | €1,620 | +€748 | +85.7% |
| Furniture and vehicles | 24 | €1,284 | €958 | -€326 | -25.4% |
| Current assets | 29/58 | €83,547 | €98,879 | +€15,332 | +18.4% |
| Amounts receivable within one year | 40/41 | €78,412 | €72,131 | -€6,281 | -8.0% |
| Trade receivables | 40 | €78,262 | €70,065 | -€8,197 | -10.5% |
| Other amounts receivable | 41 | €150 | €2,066 | +€1,916 | +1277.3% |
| Cash at bank and in hand | 54/58 | €5,074 | €26,398 | +€21,323 | +420.2% |
| Deferred charges and accrued income | 490/1 | €61 | €350 | +€289 | +477.1% |
| Total equity and liabilities | 10/49 | €85,704 | €101,456 | +€15,753 | +18.4% |
| Equity | 10/15 | -€20,828 | -€10,134 | +€10,694 | +51.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,519 | €25,519 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,659 | €23,659 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,948 | -€54,253 | +€10,694 | +16.5% |
| Amounts payable | 17/49 | €106,532 | €111,590 | +€5,059 | +4.7% |
| Amounts payable within one year | 42/48 | €106,532 | €111,590 | +€5,059 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €27,329 | €34,449 | +€7,120 | +26.1% |
| Suppliers | 440/4 | €27,329 | €34,449 | +€7,120 | +26.1% |
| Taxes, remuneration and social security | 45 | €1,653 | €2,141 | +€488 | +29.5% |
| Taxes | 450/3 | €1,653 | €1,802 | +€148 | +9.0% |
| Remuneration and social security | 454/9 | - | €340 | +€340 | |
| Other amounts payable | 47/48 | €2,549 | - | -€2,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €570 | +€69 | +13.7% |
| Other operating charges | 640/8 | €12,083 | €4,612 | -€7,471 | -61.8% |
| Gross operating margin | 9900 | €42,947 | €20,987 | -€21,960 | -51.1% |
| Operating profit (loss) | 9901 | €30,363 | €15,806 | -€14,558 | -47.9% |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | €7,971 | €5,168 | -€2,803 | -35.2% |
| Recurring financial charges | 65 | €7,971 | €4,726 | -€3,245 | -40.7% |
| Non-recurring financial charges | 66B | - | €442 | +€442 | |
| Profit (loss) for the period before taxes | 9903 | €22,393 | €10,694 | -€11,699 | -52.2% |
| Profit (loss) for the period | 9904 | €22,393 | €10,694 | -€11,699 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,393 | €10,694 | -€11,699 | -52.2% |
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 5 October 2026 via checked.be.