INIT CONSULT: 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.
INIT CONSULT
Largest movements
- Tangible fixed assets -€12,155
down €12,155 (-25.7%), from €47,341 to €35,186
of which Leasing and similar rights: -€10,660
- Receivables within one year +€6,760
up €6,760 (+14.9%), from €45,375 to €52,135
of which Other amounts receivable: +€4,771
- Stocks and contracts -€996
down €996 (-100.0%), from €996 to €0
- Debts after one year -€8,609
down €8,609 (-25.9%), from €33,204 to €24,596
- Reserves +€5,600
up €5,600 (+24.8%), from €22,577 to €28,177
of which Distributable reserves: +€5,600
- Current portion of long-term debt -€5,332
down €5,332 (-38.2%), from €13,941 to €8,609
- Tax, wage and social debts +€1,727
up €1,727 (+53.2%), from €3,244 to €4,971
- Gross operating margin +€6,204
up €6,204 (+36.6%), from €16,940 to €23,144
- Taxes +€2,422
up €2,422 (+297.6%), from €814 to €3,236
- Other operating charges -€1,034
down €1,034 (-38.6%), from €2,676 to €1,642
- Depreciation +€528
up €528 (+4.5%), from €11,627 to €12,155
- Financial charges -€337
down €337 (-13.4%), from €2,504 to €2,167
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 | €95,525 | €89,612 | -€5,913 | -6.2% |
| Fixed assets | 21/28 | €47,391 | €35,186 | -€12,205 | -25.8% |
| Tangible fixed assets | 22/27 | €47,341 | €35,186 | -€12,155 | -25.7% |
| Furniture and vehicles | 24 | €3,188 | €1,693 | -€1,495 | -46.9% |
| Leasing and similar rights | 25 | €44,153 | €33,493 | -€10,660 | -24.1% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €48,134 | €54,426 | +€6,292 | +13.1% |
| Stocks and contracts in progress | 3 | €996 | €0 | -€996 | -100.0% |
| Stocks | 30/36 | €996 | €0 | -€996 | -100.0% |
| Amounts receivable within one year | 40/41 | €45,375 | €52,135 | +€6,760 | +14.9% |
| Trade receivables | 40 | €15,599 | €17,588 | +€1,988 | +12.7% |
| Other amounts receivable | 41 | €29,776 | €34,547 | +€4,771 | +16.0% |
| Cash at bank and in hand | 54/58 | €1,762 | €2,291 | +€529 | +30.0% |
| Total equity and liabilities | 10/49 | €95,525 | €89,612 | -€5,913 | -6.2% |
| Equity | 10/15 | €41,445 | €47,070 | +€5,624 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,577 | €28,177 | +€5,600 | +24.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €237 | €237 | = | 0.0% |
| Distributable reserves | 133 | €22,340 | €27,940 | +€5,600 | +25.1% |
| Profit (loss) carried forward | 14 | €268 | €292 | +€24 | +9.1% |
| Amounts payable | 17/49 | €54,080 | €42,542 | -€11,538 | -21.3% |
| Amounts payable after more than one year | 17 | €33,204 | €24,596 | -€8,609 | -25.9% |
| Financial debts | 170/4 | €33,204 | €24,596 | -€8,609 | -25.9% |
| Amounts payable within one year | 42/48 | €20,876 | €17,947 | -€2,929 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €13,941 | €8,609 | -€5,332 | -38.2% |
| Financial debts | 43 | €2,535 | €2,439 | -€95 | -3.8% |
| Credit institutions | 430/8 | €2,535 | €2,439 | -€95 | -3.8% |
| Trade debts | 44 | €1,156 | €1,928 | +€772 | +66.7% |
| Suppliers | 440/4 | €1,156 | €1,928 | +€772 | +66.7% |
| Taxes, remuneration and social security | 45 | €3,244 | €4,971 | +€1,727 | +53.2% |
| Taxes | 450/3 | €3,244 | €4,971 | +€1,727 | +53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,627 | €12,155 | +€528 | +4.5% |
| Other operating charges | 640/8 | €2,676 | €1,642 | -€1,034 | -38.6% |
| Gross operating margin | 9900 | €16,940 | €23,144 | +€6,204 | +36.6% |
| Operating profit (loss) | 9901 | €2,637 | €9,347 | +€6,709 | +254.4% |
| Financial income | 75/76B | €1,615 | €1,680 | +€65 | +4.0% |
| Recurring financial income | 75 | €1,615 | €1,680 | +€65 | +4.0% |
| Financial charges | 65/66B | €2,504 | €2,167 | -€337 | -13.4% |
| Recurring financial charges | 65 | €2,504 | €2,167 | -€337 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €1,749 | €8,860 | +€7,111 | +406.7% |
| Income taxes | 67/77 | €814 | €3,236 | +€2,422 | +297.6% |
| Profit (loss) for the period | 9904 | €935 | €5,624 | +€4,690 | +501.6% |
| Profit (loss) for the period to be appropriated | 9905 | €935 | €5,624 | +€4,690 | +501.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.