Initia.cloud: 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.
Initia.cloud
Largest movements
- Cash +€181,695
up €181,695 (+1143.4%), from €15,891 to €197,587
mainly Net result for the year (+€107,102) and Current investments (+€50,700)
- Current investments -€50,700
down €50,700 (-92.2%), from €55,013 to €4,313
- Receivables within one year -€7,881
down €7,881 (-36.2%), from €21,796 to €13,915
- Tangible fixed assets +€7,462
up €7,462 (+399.1%), from €1,870 to €9,332
of which Plant, machinery and equipment: +€4,144
- Reserves +€102,102
up €102,102 (+159.6%), from €63,976 to €166,078
- Tax, wage and social debts +€29,409
up €29,409 (+112.8%), from €26,075 to €55,483
- Financial income +€48,631
up €48,631 (+1127.7%), from €4,313 to €52,944
- Taxes +€14,268
up €14,268 (+86.0%), from €16,590 to €30,859
- Gross operating margin +€13,056
up €13,056 (+16.4%), from €79,847 to €92,903
- Financial charges +€5,516
up €5,516 (+5165.3%), from €107 to €5,623
- Depreciation +€1,111
up €1,111 (+114.9%), from €967 to €2,078
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 | €94,973 | €225,318 | +€130,345 | +137.2% |
| Fixed assets | 21/28 | €1,870 | €9,332 | +€7,462 | +399.1% |
| Tangible fixed assets | 22/27 | €1,870 | €9,332 | +€7,462 | +399.1% |
| Plant, machinery and equipment | 23 | - | €4,144 | +€4,144 | |
| Furniture and vehicles | 24 | €1,870 | €5,187 | +€3,318 | +177.4% |
| Current assets | 29/58 | €93,104 | €215,987 | +€122,883 | +132.0% |
| Amounts receivable within one year | 40/41 | €21,796 | €13,915 | -€7,881 | -36.2% |
| Trade receivables | 40 | €21,796 | €13,915 | -€7,881 | -36.2% |
| Current investments | 50/53 | €55,013 | €4,313 | -€50,700 | -92.2% |
| Cash at bank and in hand | 54/58 | €15,891 | €197,587 | +€181,695 | +1143.4% |
| Deferred charges and accrued income | 490/1 | €403 | €172 | -€231 | -57.3% |
| Total equity and liabilities | 10/49 | €94,973 | €225,318 | +€130,345 | +137.2% |
| Equity | 10/15 | €66,976 | €169,078 | +€102,102 | +152.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,976 | €166,078 | +€102,102 | +159.6% |
| Distributable reserves | 133 | €63,976 | €166,078 | +€102,102 | +159.6% |
| Amounts payable | 17/49 | €27,998 | €56,240 | +€28,243 | +100.9% |
| Amounts payable within one year | 42/48 | €27,998 | €56,080 | +€28,083 | +100.3% |
| Trade debts | 44 | €1,923 | €597 | -€1,326 | -69.0% |
| Suppliers | 440/4 | €1,923 | €597 | -€1,326 | -69.0% |
| Taxes, remuneration and social security | 45 | €26,075 | €55,483 | +€29,409 | +112.8% |
| Taxes | 450/3 | €26,075 | €55,483 | +€29,409 | +112.8% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €967 | €2,078 | +€1,111 | +114.9% |
| Other operating charges | 640/8 | €133 | €186 | +€53 | +40.1% |
| Gross operating margin | 9900 | €79,847 | €92,903 | +€13,056 | +16.4% |
| Operating profit (loss) | 9901 | €78,747 | €90,640 | +€11,892 | +15.1% |
| Financial income | 75/76B | €4,313 | €52,944 | +€48,631 | +1127.7% |
| Recurring financial income | 75 | €4,313 | €52,944 | +€48,631 | +1127.7% |
| Financial charges | 65/66B | €107 | €5,623 | +€5,516 | +5165.3% |
| Recurring financial charges | 65 | €107 | €5,623 | +€5,516 | +5165.3% |
| Profit (loss) for the period before taxes | 9903 | €82,953 | €137,961 | +€55,007 | +66.3% |
| Income taxes | 67/77 | €16,590 | €30,859 | +€14,268 | +86.0% |
| Profit (loss) for the period | 9904 | €66,363 | €107,102 | +€40,739 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,363 | €107,102 | +€40,739 | +61.4% |
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 6 October 2026 via checked.be.