infunctievan: 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.
infunctievan
Largest movements
- Cash +€36,261
up €36,261 (+49.8%), from €72,839 to €109,100
mainly Depreciation (+€55,074) and Other debts (+€27,359)
- Receivables within one year -€8,530
down €8,530 (-5.9%), from €144,087 to €135,557
of which Trade receivables: -€8,629
- Tangible fixed assets -€5,636
down €5,636 (-1.9%), from €298,488 to €292,852
of which Land and buildings: -€17,266
- Other debts +€27,359
up €27,359 (+54.4%), from €50,277 to €77,636
- Tax, wage and social debts +€24,381
up €24,381 (+36.9%), from €66,043 to €90,424
of which Remuneration and social security: +€17,011
- Debts after one year -€24,380
down €24,380 (-11.6%), from €211,010 to €186,630
of which Financial debts: -€22,133
- Trade debts +€11,350
up €11,350 (+35.8%), from €31,681 to €43,031
- Profit (loss) carried forward -€8,544
down €8,544 (-85.4%), from -€10,008 to -€18,552
- Staff costs +€35,794
up €35,794 (+19.1%), from €187,264 to €223,058
- Gross operating margin +€24,675
up €24,675 (+9.6%), from €257,712 to €282,387
- Depreciation +€6,455
up €6,455 (+13.3%), from €48,619 to €55,074
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 | €515,414 | €542,062 | +€26,648 | +5.2% |
| Fixed assets | 21/28 | €298,488 | €292,852 | -€5,636 | -1.9% |
| Tangible fixed assets | 22/27 | €298,488 | €292,852 | -€5,636 | -1.9% |
| Land and buildings | 22 | €138,133 | €120,867 | -€17,266 | -12.5% |
| Plant, machinery and equipment | 23 | €158,031 | €142,233 | -€15,798 | -10.0% |
| Furniture and vehicles | 24 | €2,324 | €29,752 | +€27,428 | +1180.2% |
| Current assets | 29/58 | €216,926 | €249,210 | +€32,284 | +14.9% |
| Amounts receivable within one year | 40/41 | €144,087 | €135,557 | -€8,530 | -5.9% |
| Trade receivables | 40 | €144,087 | €135,458 | -€8,629 | -6.0% |
| Other amounts receivable | 41 | - | €99 | +€99 | |
| Cash at bank and in hand | 54/58 | €72,839 | €109,100 | +€36,261 | +49.8% |
| Deferred charges and accrued income | 490/1 | - | €4,553 | +€4,553 | |
| Total equity and liabilities | 10/49 | €515,414 | €542,062 | +€26,648 | +5.2% |
| Equity | 10/15 | €125,253 | €116,709 | -€8,544 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,661 | €116,661 | = | 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 | €114,801 | €114,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,008 | -€18,552 | -€8,544 | -85.4% |
| Amounts payable | 17/49 | €390,161 | €425,353 | +€35,192 | +9.0% |
| Amounts payable after more than one year | 17 | €211,010 | €186,630 | -€24,380 | -11.6% |
| Financial debts | 170/4 | €208,763 | €186,630 | -€22,133 | -10.6% |
| Other amounts payable | 178/9 | €2,247 | - | -€2,247 | |
| Amounts payable within one year | 42/48 | €179,151 | €238,723 | +€59,572 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €21,682 | €22,133 | +€451 | +2.1% |
| Financial debts | 43 | €9,468 | €5,499 | -€3,969 | -41.9% |
| Credit institutions | 430/8 | €2,817 | €3,252 | +€435 | +15.4% |
| Other loans | 439 | €6,651 | €2,247 | -€4,404 | -66.2% |
| Trade debts | 44 | €31,681 | €43,031 | +€11,350 | +35.8% |
| Suppliers | 440/4 | €31,681 | €43,031 | +€11,350 | +35.8% |
| Taxes, remuneration and social security | 45 | €66,043 | €90,424 | +€24,381 | +36.9% |
| Taxes | 450/3 | €26,086 | €33,456 | +€7,370 | +28.3% |
| Remuneration and social security | 454/9 | €39,957 | €56,968 | +€17,011 | +42.6% |
| Other amounts payable | 47/48 | €50,277 | €77,636 | +€27,359 | +54.4% |
| Remuneration, social security and pensions | 62 | €187,264 | €223,058 | +€35,794 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,619 | €55,074 | +€6,455 | +13.3% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €257,712 | €282,387 | +€24,675 | +9.6% |
| Operating profit (loss) | 9901 | €21,442 | €3,855 | -€17,587 | -82.0% |
| Financial charges | 65/66B | €10,020 | €9,980 | -€40 | -0.4% |
| Recurring financial charges | 65 | €10,020 | €9,980 | -€40 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €11,422 | -€6,125 | -€17,547 | |
| Income taxes | 67/77 | €4,809 | €2,419 | -€2,390 | -49.7% |
| Profit (loss) for the period | 9904 | €6,613 | -€8,544 | -€15,157 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,613 | -€8,544 | -€15,157 |
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 7 October 2026 via checked.be.