INFOWEB: 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.
INFOWEB
Largest movements
- Receivables within one year -€29,619
down €29,619 (-95.1%), from €31,139 to €1,521
of which Other amounts receivable: -€23,748
- Cash +€11,063
up €11,063 (+37.3%), from €29,667 to €40,730
mainly Receivables within one year (+€29,619) and Depreciation (+€11,920)
- Profit (loss) carried forward -€19,678
new in 2025: -€19,678
- Gross operating margin +€20,343
up €20,343 (+68.8%), from -€29,566 to -€9,223
- Financial income +€8,011
up €8,011, from €0 to €8,011
- Depreciation +€1,990
up €1,990 (+20.0%), from €9,930 to €11,920
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 | €938,489 | €913,913 | -€24,576 | -2.6% |
| Fixed assets | 21/28 | €873,215 | €867,091 | -€6,125 | -0.7% |
| Tangible fixed assets | 22/27 | €873,215 | €867,091 | -€6,125 | -0.7% |
| Land and buildings | 22 | €820,749 | €822,204 | +€1,455 | +0.2% |
| Plant, machinery and equipment | 23 | €35,614 | €26,855 | -€8,759 | -24.6% |
| Furniture and vehicles | 24 | €2,064 | €5,283 | +€3,219 | +155.9% |
| Other tangible fixed assets | 26 | €14,788 | €12,749 | -€2,040 | -13.8% |
| Current assets | 29/58 | €65,274 | €46,823 | -€18,451 | -28.3% |
| Stocks and contracts in progress | 3 | €1,661 | €2,196 | +€534 | +32.2% |
| Stocks | 30/36 | €1,661 | €2,196 | +€534 | +32.2% |
| Amounts receivable within one year | 40/41 | €31,139 | €1,521 | -€29,619 | -95.1% |
| Trade receivables | 40 | €7,163 | €1,293 | -€5,870 | -82.0% |
| Other amounts receivable | 41 | €23,976 | €228 | -€23,748 | -99.0% |
| Cash at bank and in hand | 54/58 | €29,667 | €40,730 | +€11,063 | +37.3% |
| Deferred charges and accrued income | 490/1 | €2,806 | €2,377 | -€429 | -15.3% |
| Total equity and liabilities | 10/49 | €938,489 | €913,913 | -€24,576 | -2.6% |
| Equity | 10/15 | €513,214 | €493,536 | -€19,678 | -3.8% |
| Contributions | 10/11 | €178,100 | €178,100 | = | 0.0% |
| Reserves | 13 | €335,114 | €335,114 | = | 0.0% |
| Distributable reserves | 133 | €335,114 | €335,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,678 | -€19,678 | |
| Amounts payable | 17/49 | €425,275 | €420,377 | -€4,898 | -1.2% |
| Amounts payable within one year | 42/48 | €425,275 | €420,377 | -€4,898 | -1.2% |
| Trade debts | 44 | €2,442 | €1,971 | -€470 | -19.3% |
| Suppliers | 440/4 | €2,442 | €1,971 | -€470 | -19.3% |
| Taxes, remuneration and social security | 45 | €225 | €3,729 | +€3,504 | +1560.1% |
| Taxes | 450/3 | €225 | €3,729 | +€3,504 | +1560.1% |
| Other amounts payable | 47/48 | €422,609 | €414,677 | -€7,932 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,930 | €11,920 | +€1,990 | +20.0% |
| Other operating charges | 640/8 | €6,280 | €6,017 | -€263 | -4.2% |
| Gross operating margin | 9900 | -€29,566 | -€9,223 | +€20,343 | +68.8% |
| Operating profit (loss) | 9901 | -€45,777 | -€27,161 | +€18,616 | +40.7% |
| Financial income | 75/76B | €0 | €8,011 | +€8,011 | |
| Recurring financial income | 75 | €0 | €8,011 | +€8,011 | |
| Financial charges | 65/66B | €565 | €357 | -€208 | -36.9% |
| Recurring financial charges | 65 | €565 | €357 | -€208 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,341 | -€19,506 | +€26,835 | +57.9% |
| Income taxes | 67/77 | €286 | €172 | -€114 | -39.9% |
| Profit (loss) for the period | 9904 | -€46,628 | -€19,678 | +€26,950 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,628 | -€19,678 | +€26,950 | +57.8% |
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 2 October 2026 via checked.be.