@InGradum: 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.
@InGradum
Largest movements
- Financial fixed assets -€750,000
down €750,000 (-100.0%), from €750,000 to €0
- Deferred charges and accrued income +€497,002
up €497,002 (+11309.0%), from €4,395 to €501,396
- Tangible fixed assets -€369,900
down €369,900 (-23.6%), from €1.6m to €1.2m
of which Land and buildings: -€371,919
- Cash -€116,437
down €116,437 (-45.3%), from €257,157 to €140,720
mainly Deferred charges and accrued income (-€497,002) and Net result for the year (-€285,061)
- Profit (loss) carried forward -€285,061
down €285,061, from €0 to -€285,061
- Debts after one year -€238,735
down €238,735 (-14.2%), from €1.7m to €1.4m
- Other debts -€107,100
down €107,100 (-35.5%), from €301,484 to €194,384
- Tax, wage and social debts -€73,146
down €73,146 (-86.3%), from €84,774 to €11,629
of which Taxes: -€73,321
- Trade debts -€63,902
down €63,902 (-90.4%), from €70,670 to €6,768
- Financial charges +€298,159
up €298,159 (+287.6%), from €103,663 to €401,822
of which Non-recurring financial charges: +€249,999
- Gross operating margin -€39,858
down €39,858 (-15.9%), from €251,251 to €211,394
- Taxes -€22,558
down €22,558 (-98.6%), from €22,881 to €323
- Financial income -€19,849
down €19,849 (-93.9%), from €21,136 to €1,287
- Depreciation -€2,986
down €2,986 (-4.3%), from €69,078 to €66,092
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 | €2,629,238 | €1,870,101 | -€759,137 | -28.9% |
| Fixed assets | 21/28 | €2,315,358 | €1,195,458 | -€1.1m | -48.4% |
| Tangible fixed assets | 22/27 | €1,565,358 | €1,195,458 | -€369,900 | -23.6% |
| Land and buildings | 22 | €1,535,178 | €1,163,259 | -€371,919 | -24.2% |
| Plant, machinery and equipment | 23 | €2,235 | €935 | -€1,299 | -58.2% |
| Furniture and vehicles | 24 | €15,469 | €12,224 | -€3,244 | -21.0% |
| Other tangible fixed assets | 26 | €12,476 | €19,040 | +€6,564 | +52.6% |
| Financial fixed assets | 28 | €750,000 | €0 | -€750,000 | -100.0% |
| Current assets | 29/58 | €313,880 | €674,643 | +€360,763 | +114.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €52,328 | €32,526 | -€19,802 | -37.8% |
| Trade receivables | 40 | €52,272 | €5,143 | -€47,130 | -90.2% |
| Other amounts receivable | 41 | €56 | €27,384 | +€27,328 | +48660.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €257,157 | €140,720 | -€116,437 | -45.3% |
| Deferred charges and accrued income | 490/1 | €4,395 | €501,396 | +€497,002 | +11309.0% |
| Total equity and liabilities | 10/49 | €2,629,238 | €1,870,101 | -€759,137 | -28.9% |
| Equity | 10/15 | €327,980 | €42,919 | -€285,061 | -86.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €309,380 | €309,380 | = | 0.0% |
| Distributable reserves | 133 | €309,380 | €309,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€285,061 | -€285,061 | |
| Amounts payable | 17/49 | €2,301,258 | €1,827,182 | -€474,076 | -20.6% |
| Amounts payable after more than one year | 17 | €1,680,811 | €1,442,076 | -€238,735 | -14.2% |
| Financial debts | 170/4 | €1,680,811 | €1,442,076 | -€238,735 | -14.2% |
| Amounts payable within one year | 42/48 | €620,446 | €385,106 | -€235,341 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €161,991 | €169,944 | +€7,954 | +4.9% |
| Financial debts | 43 | €1,528 | €2,381 | +€853 | +55.8% |
| Credit institutions | 430/8 | €1,528 | €2,381 | +€853 | +55.8% |
| Trade debts | 44 | €70,670 | €6,768 | -€63,902 | -90.4% |
| Suppliers | 440/4 | €70,670 | €6,768 | -€63,902 | -90.4% |
| Taxes, remuneration and social security | 45 | €84,774 | €11,629 | -€73,146 | -86.3% |
| Taxes | 450/3 | €81,018 | €7,697 | -€73,321 | -90.5% |
| Remuneration and social security | 454/9 | €3,756 | €3,931 | +€175 | +4.7% |
| Other amounts payable | 47/48 | €301,484 | €194,384 | -€107,100 | -35.5% |
| Non-recurring operating income | 76A | €0 | €130,044 | +€130,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,078 | €66,092 | -€2,986 | -4.3% |
| Other operating charges | 640/8 | €5,050 | €4,772 | -€278 | -5.5% |
| Non-recurring operating charges | 66A | €1,353 | €24,733 | +€23,379 | +1727.7% |
| Gross operating margin | 9900 | €251,251 | €211,394 | -€39,858 | -15.9% |
| Operating profit (loss) | 9901 | €175,770 | €115,797 | -€59,973 | -34.1% |
| Financial income | 75/76B | €21,136 | €1,287 | -€19,849 | -93.9% |
| Recurring financial income | 75 | €21,136 | €1,287 | -€19,849 | -93.9% |
| Financial charges | 65/66B | €103,663 | €401,822 | +€298,159 | +287.6% |
| Recurring financial charges | 65 | €103,663 | €151,823 | +€48,160 | +46.5% |
| Non-recurring financial charges | 66B | - | €249,999 | +€249,999 | |
| Profit (loss) for the period before taxes | 9903 | €93,243 | -€284,738 | -€377,981 | |
| Income taxes | 67/77 | €22,881 | €323 | -€22,558 | -98.6% |
| Profit (loss) for the period | 9904 | €70,362 | -€285,061 | -€355,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,362 | -€285,061 | -€355,422 |
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 12 October 2026 via checked.be.