INFOTHEK: 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.
INFOTHEK
Largest movements
- Receivables within one year +€4,938
up €4,938 (+11.1%), from €44,522 to €49,460
of which Trade receivables: +€3,393
- Cash +€4,125
up €4,125 (+229.9%), from €1,795 to €5,919
mainly Depreciation (+€16,749) and Net result for the year (+€16,482)
- Tangible fixed assets -€4,043
down €4,043 (-3.8%), from €107,001 to €102,957
of which Land and buildings: -€103,699
- Debts after one year -€22,033
down €22,033 (-77.7%), from €28,362 to €6,329
- Reserves +€16,482
up €16,482 (+30.0%), from €54,893 to €71,375
of which Distributable reserves: +€17,512
- Tax, wage and social debts +€6,393
up €6,393 (+90.9%), from €7,036 to €13,429
of which Taxes: +€8,293
- Trade debts +€3,475
up €3,475 (+57.3%), from €6,065 to €9,540
- Gross operating margin +€15,699
up €15,699 (+54.8%), from €28,640 to €44,340
- Taxes +€4,652
up €4,652 (+116.1%), from €4,009 to €8,661
- Financial charges -€838
down €838 (-18.8%), from €4,461 to €3,623
- Depreciation +€712
up €712 (+4.4%), from €16,037 to €16,749
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 | €155,280 | €159,027 | +€3,747 | +2.4% |
| Fixed assets | 21/28 | €107,001 | €102,957 | -€4,043 | -3.8% |
| Tangible fixed assets | 22/27 | €107,001 | €102,957 | -€4,043 | -3.8% |
| Land and buildings | 22 | €103,699 | €0 | -€103,699 | -100.0% |
| Plant, machinery and equipment | 23 | €402 | €1,710 | +€1,308 | +325.0% |
| Furniture and vehicles | 24 | €2,899 | €11,323 | +€8,425 | +290.6% |
| Other tangible fixed assets | 26 | - | €89,924 | +€89,924 | |
| Current assets | 29/58 | €48,280 | €56,070 | +€7,790 | +16.1% |
| Amounts receivable within one year | 40/41 | €44,522 | €49,460 | +€4,938 | +11.1% |
| Trade receivables | 40 | €6,970 | €10,362 | +€3,393 | +48.7% |
| Other amounts receivable | 41 | €37,553 | €39,098 | +€1,545 | +4.1% |
| Cash at bank and in hand | 54/58 | €1,795 | €5,919 | +€4,125 | +229.9% |
| Deferred charges and accrued income | 490/1 | €1,963 | €691 | -€1,272 | -64.8% |
| Total equity and liabilities | 10/49 | €155,280 | €159,027 | +€3,747 | +2.4% |
| Equity | 10/15 | €84,893 | €101,375 | +€16,482 | +19.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €54,893 | €71,375 | +€16,482 | +30.0% |
| Tax-exempt reserves | 132 | €8,237 | €7,208 | -€1,030 | -12.5% |
| Distributable reserves | 133 | €46,655 | €64,167 | +€17,512 | +37.5% |
| Provisions and deferred taxes | 16 | €4,242 | €3,711 | -€530 | -12.5% |
| Deferred taxes | 168 | €4,242 | €3,711 | -€530 | -12.5% |
| Amounts payable | 17/49 | €66,146 | €53,941 | -€12,205 | -18.5% |
| Amounts payable after more than one year | 17 | €28,362 | €6,329 | -€22,033 | -77.7% |
| Financial debts | 170/4 | €28,362 | €6,329 | -€22,033 | -77.7% |
| Amounts payable within one year | 42/48 | €37,384 | €47,020 | +€9,637 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €20,914 | €22,033 | +€1,119 | +5.3% |
| Financial debts | 43 | €3,369 | €2,019 | -€1,350 | -40.1% |
| Credit institutions | 430/8 | €3,369 | €2,019 | -€1,350 | -40.1% |
| Trade debts | 44 | €6,065 | €9,540 | +€3,475 | +57.3% |
| Suppliers | 440/4 | €6,065 | €9,540 | +€3,475 | +57.3% |
| Taxes, remuneration and social security | 45 | €7,036 | €13,429 | +€6,393 | +90.9% |
| Taxes | 450/3 | €5,136 | €13,429 | +€8,293 | +161.5% |
| Remuneration and social security | 454/9 | €1,900 | €0 | -€1,900 | -100.0% |
| Accrued charges and deferred income | 492/3 | €401 | €591 | +€191 | +47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,037 | €16,749 | +€712 | +4.4% |
| Other operating charges | 640/8 | €1,798 | €1,383 | -€416 | -23.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €28,640 | €44,340 | +€15,699 | +54.8% |
| Operating profit (loss) | 9901 | €10,805 | €26,208 | +€15,403 | +142.6% |
| Financial income | 75/76B | €1,873 | €2,027 | +€154 | +8.2% |
| Recurring financial income | 75 | €1,873 | €2,027 | +€154 | +8.2% |
| Financial charges | 65/66B | €4,461 | €3,623 | -€838 | -18.8% |
| Recurring financial charges | 65 | €4,461 | €3,623 | -€838 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €8,218 | €24,612 | +€16,395 | +199.5% |
| Transfer from deferred taxes | 780 | €530 | €530 | = | 0.0% |
| Income taxes | 67/77 | €4,009 | €8,661 | +€4,652 | +116.1% |
| Profit (loss) for the period | 9904 | €4,739 | €16,482 | +€11,743 | +247.8% |
| Transfer from tax-exempt reserves | 789 | €1,030 | €1,030 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,769 | €17,512 | +€11,743 | +203.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.