Information Dynamics: 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.
Information Dynamics
Largest movements
- Cash +€38,779
up €38,779 (+21.2%), from €183,300 to €222,079
mainly Net result for the year (+€56,330) and Depreciation (+€5,759)
- Stocks and contracts +€24,707
up €24,707 (+31.4%), from €78,778 to €103,486
- Reserves +€55,000
up €55,000 (+19.5%), from €281,860 to €336,860
of which Distributable reserves: +€55,000
- Taxes +€9,844
up €9,844 (+50.8%), from €19,376 to €29,220
- Gross operating margin -€2,388
down €2,388 (-2.5%), from €94,115 to €91,727
- Financial charges -€1,328
down €1,328 (-80.7%), from €1,646 to €317
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 | €397,871 | €457,774 | +€59,903 | +15.1% |
| Fixed assets | 21/28 | €13,859 | €10,050 | -€3,809 | -27.5% |
| Tangible fixed assets | 22/27 | €12,859 | €9,050 | -€3,809 | -29.6% |
| Land and buildings | 22 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €12,859 | €9,050 | -€3,809 | -29.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €384,012 | €447,724 | +€63,712 | +16.6% |
| Stocks and contracts in progress | 3 | €78,778 | €103,486 | +€24,707 | +31.4% |
| Stocks | 30/36 | €78,778 | €103,486 | +€24,707 | +31.4% |
| Amounts receivable within one year | 40/41 | €35,694 | €35,802 | +€108 | +0.3% |
| Trade receivables | 40 | €18,219 | €26,261 | +€8,042 | +44.1% |
| Other amounts receivable | 41 | €17,475 | €9,540 | -€7,935 | -45.4% |
| Current investments | 50/53 | €82,275 | €82,275 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €183,300 | €222,079 | +€38,779 | +21.2% |
| Deferred charges and accrued income | 490/1 | €3,965 | €4,083 | +€118 | +3.0% |
| Total equity and liabilities | 10/49 | €397,871 | €457,774 | +€59,903 | +15.1% |
| Equity | 10/15 | €382,220 | €438,550 | +€56,330 | +14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €281,860 | €336,860 | +€55,000 | +19.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €280,000 | €335,000 | +€55,000 | +19.6% |
| Profit (loss) carried forward | 14 | €94,160 | €95,490 | +€1,330 | +1.4% |
| Amounts payable | 17/49 | €15,651 | €19,224 | +€3,573 | +22.8% |
| Amounts payable within one year | 42/48 | €15,651 | €19,224 | +€3,573 | +22.8% |
| Trade debts | 44 | €4,679 | €4,152 | -€527 | -11.3% |
| Suppliers | 440/4 | €4,679 | €4,152 | -€527 | -11.3% |
| Taxes, remuneration and social security | 45 | €10,972 | €15,073 | +€4,100 | +37.4% |
| Taxes | 450/3 | €7,740 | €11,773 | +€4,032 | +52.1% |
| Remuneration and social security | 454/9 | €3,232 | €3,300 | +€68 | +2.1% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,090 | €5,759 | -€331 | -5.4% |
| Other operating charges | 640/8 | €1,083 | €1,115 | +€33 | +3.0% |
| Gross operating margin | 9900 | €94,115 | €91,727 | -€2,388 | -2.5% |
| Operating profit (loss) | 9901 | €86,942 | €84,853 | -€2,090 | -2.4% |
| Financial income | 75/76B | €1,010 | €1,015 | +€5 | +0.5% |
| Recurring financial income | 75 | €1,010 | €1,015 | +€5 | +0.5% |
| Financial charges | 65/66B | €1,646 | €317 | -€1,328 | -80.7% |
| Recurring financial charges | 65 | €1,646 | €317 | -€1,328 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €86,306 | €85,550 | -€756 | -0.9% |
| Income taxes | 67/77 | €19,376 | €29,220 | +€9,844 | +50.8% |
| Profit (loss) for the period | 9904 | €66,930 | €56,330 | -€10,600 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,930 | €56,330 | -€10,600 | -15.8% |
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.