INFOLINK: 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.
INFOLINK
Largest movements
- Tangible fixed assets +€30,513
up €30,513 (+15.8%), from €193,342 to €223,854
- Cash -€7,611
down €7,611 (-16.5%), from €46,075 to €38,463
mainly Investment in fixed assets (net) (-€50,903) and Other debts (-€22,944)
- Trade debts +€48,000
new in 2025: €48,000
- Other debts -€22,944
down €22,944 (-55.3%), from €41,456 to €18,511
- Gross operating margin -€29,512
down €29,512 (-55.0%), from €53,698 to €24,186
- Taxes -€6,083
down €6,083 (-88.9%), from €6,845 to €763
- Depreciation +€1,474
up €1,474 (+7.8%), from €18,916 to €20,390
- Financial income +€672
new in 2025: €672
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
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 | €315,092 | €340,963 | +€25,871 | +8.2% |
| Fixed assets | 21/28 | €193,705 | €224,217 | +€30,513 | +15.8% |
| Tangible fixed assets | 22/27 | €193,342 | €223,854 | +€30,513 | +15.8% |
| Land and buildings | 22 | €193,342 | €223,854 | +€30,513 | +15.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €121,388 | €116,746 | -€4,642 | -3.8% |
| Amounts receivable within one year | 40/41 | €69,704 | €72,497 | +€2,794 | +4.0% |
| Trade receivables | 40 | €67,760 | €67,760 | = | 0.0% |
| Other amounts receivable | 41 | €1,944 | €4,737 | +€2,794 | +144% |
| Cash at bank and in hand | 54/58 | €46,075 | €38,463 | -€7,611 | -16.5% |
| Deferred charges and accrued income | 490/1 | €5,609 | €5,785 | +€176 | +3.1% |
| Total equity and liabilities | 10/49 | €315,092 | €340,963 | +€25,871 | +8.2% |
| Equity | 10/15 | €269,257 | €271,258 | +€2,001 | +0.7% |
| Contributions | 10/11 | €11,163 | €11,163 | = | 0.0% |
| Reserves | 13 | €258,094 | €260,095 | +€2,001 | +0.8% |
| 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 | €256,234 | €258,235 | +€2,001 | +0.8% |
| Amounts payable | 17/49 | €45,835 | €69,705 | +€23,870 | +52.1% |
| Amounts payable within one year | 42/48 | €45,835 | €69,705 | +€23,870 | +52.1% |
| Trade debts | 44 | - | €48,000 | +€48,000 | |
| Suppliers | 440/4 | - | €48,000 | +€48,000 | |
| Taxes, remuneration and social security | 45 | €4,379 | €3,194 | -€1,186 | -27.1% |
| Taxes | 450/3 | €4,379 | €3,194 | -€1,186 | -27.1% |
| Other amounts payable | 47/48 | €41,456 | €18,511 | -€22,944 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,916 | €20,390 | +€1,474 | +7.8% |
| Other operating charges | 640/8 | €1,405 | €1,478 | +€72 | +5.2% |
| Gross operating margin | 9900 | €53,698 | €24,186 | -€29,512 | -55.0% |
| Operating profit (loss) | 9901 | €33,376 | €2,318 | -€31,058 | -93.1% |
| Financial income | 75/76B | - | €672 | +€672 | |
| Recurring financial income | 75 | - | €672 | +€672 | |
| Financial charges | 65/66B | €456 | €226 | -€230 | -50.5% |
| Recurring financial charges | 65 | €456 | €226 | -€230 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €32,920 | €2,764 | -€30,156 | -91.6% |
| Income taxes | 67/77 | €6,845 | €763 | -€6,083 | -88.9% |
| Profit (loss) for the period | 9904 | €26,074 | €2,001 | -€24,073 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,074 | €2,001 | -€24,073 | -92.3% |
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 28 October 2026 via checked.be.