Inge Audenaert: 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.
Inge Audenaert
Largest movements
- Receivables within one year +€10,063
up €10,063 (+238%), from €4,221 to €14,284
of which Trade receivables: +€6,561
- Cash -€5,686
down €5,686 (-74.1%), from €7,671 to €1,985
mainly Other debts (-€13,746) and Receivables within one year (-€10,063)
- Tangible fixed assets -€1,198
down €1,198 (-14.0%), from €8,550 to €7,352
of which Furniture and vehicles: -€4,815
- Deferred charges and accrued income +€686
up €686 (+30.4%), from €2,256 to €2,942
- Profit (loss) carried forward +€21,475
up €21,475 (+45.1%), from -€47,657 to -€26,182
- Other debts -€13,746
down €13,746 (-45.7%), from €30,101 to €16,355
- Current portion of long-term debt -€3,949
no longer reported in 2025 (was €3,949)
- Trade debts +€525
up €525 (+93.3%), from €563 to €1,087
- Tax, wage and social debts -€440
down €440 (-36.7%), from €1,197 to €757
- Gross operating margin +€20,326
up €20,326 (+86.3%), from €23,560 to €43,885
- Depreciation -€15,833
down €15,833 (-73.9%), from €21,435 to €5,602
- Taxes +€7,572
up €7,572 (+289%), from €2,624 to €10,196
- Financial charges -€1,178
down €1,178 (-41.0%), from €2,875 to €1,697
- Other operating charges +€1,086
up €1,086 (+28.2%), from €3,843 to €4,929
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 | €22,698 | €26,562 | +€3,864 | +17.0% |
| Fixed assets | 21/28 | €8,550 | €7,352 | -€1,198 | -14.0% |
| Tangible fixed assets | 22/27 | €8,550 | €7,352 | -€1,198 | -14.0% |
| Plant, machinery and equipment | 23 | €1,737 | €5,389 | +€3,651 | +210% |
| Furniture and vehicles | 24 | €6,778 | €1,963 | -€4,815 | -71.0% |
| Other tangible fixed assets | 26 | €35 | - | -€35 | |
| Current assets | 29/58 | €14,148 | €19,211 | +€5,063 | +35.8% |
| Amounts receivable within one year | 40/41 | €4,221 | €14,284 | +€10,063 | +238% |
| Trade receivables | 40 | €1,237 | €7,797 | +€6,561 | +531% |
| Other amounts receivable | 41 | €2,984 | €6,487 | +€3,503 | +117% |
| Cash at bank and in hand | 54/58 | €7,671 | €1,985 | -€5,686 | -74.1% |
| Deferred charges and accrued income | 490/1 | €2,256 | €2,942 | +€686 | +30.4% |
| Total equity and liabilities | 10/49 | €22,698 | €26,562 | +€3,864 | +17.0% |
| Equity | 10/15 | -€13,112 | €8,363 | +€21,475 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €14,545 | €14,545 | = | 0.0% |
| Distributable reserves | 133 | €14,545 | €14,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,657 | -€26,182 | +€21,475 | +45.1% |
| Amounts payable | 17/49 | €35,810 | €18,199 | -€17,610 | -49.2% |
| Amounts payable within one year | 42/48 | €35,810 | €18,199 | -€17,610 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €3,949 | - | -€3,949 | |
| Trade debts | 44 | €563 | €1,087 | +€525 | +93.3% |
| Suppliers | 440/4 | €563 | €1,087 | +€525 | +93.3% |
| Taxes, remuneration and social security | 45 | €1,197 | €757 | -€440 | -36.7% |
| Taxes | 450/3 | €1,197 | €757 | -€440 | -36.7% |
| Other amounts payable | 47/48 | €30,101 | €16,355 | -€13,746 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,435 | €5,602 | -€15,833 | -73.9% |
| Other operating charges | 640/8 | €3,843 | €4,929 | +€1,086 | +28.2% |
| Gross operating margin | 9900 | €23,560 | €43,885 | +€20,326 | +86.3% |
| Operating profit (loss) | 9901 | -€1,718 | €33,354 | +€35,073 | |
| Financial income | 75/76B | €11 | €13 | +€3 | +24.5% |
| Recurring financial income | 75 | €11 | €13 | +€3 | +24.5% |
| Financial charges | 65/66B | €2,875 | €1,697 | -€1,178 | -41.0% |
| Recurring financial charges | 65 | €2,875 | €1,697 | -€1,178 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,583 | €31,671 | +€36,254 | |
| Income taxes | 67/77 | €2,624 | €10,196 | +€7,572 | +289% |
| Profit (loss) for the period | 9904 | -€7,207 | €21,475 | +€28,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,207 | €21,475 | +€28,681 |
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 18 October 2026 via checked.be.