INITING: 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.
INITING
Largest movements
- Cash -€22,142
down €22,142 (-66.6%), from €33,233 to €11,090
mainly Contributions, distributions and other (-€28,475) and Net result for the year (-€5,501)
- Receivables within one year +€4,267
up €4,267 (+14.3%), from €29,796 to €34,063
of which Other amounts receivable: +€5,692
- Reserves -€33,976
down €33,976 (-69.6%), from €48,820 to €14,843
- Other debts +€16,980
up €16,980 (+148%), from €11,495 to €28,475
- Accrued charges and deferred income -€905
down €905 (-100%), from €905 to €0
- Gross operating margin -€28,355
down €28,355, from €23,439 to -€4,915
- Taxes -€1,335
down €1,335 (-100%), from €1,335 to €0
- Financial charges -€1,032
down €1,032 (-89.2%), from €1,157 to €125
of which Financial charges: -€1,032
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 | €63,055 | €45,154 | -€17,902 | -28.4% |
| Current assets | 29/58 | €63,055 | €45,154 | -€17,902 | -28.4% |
| Amounts receivable within one year | 40/41 | €29,796 | €34,063 | +€4,267 | +14.3% |
| Trade receivables | 40 | €29,236 | €27,811 | -€1,425 | -4.9% |
| Other amounts receivable | 41 | €560 | €6,252 | +€5,692 | +1,016% |
| Cash at bank and in hand | 54/58 | €33,233 | €11,090 | -€22,142 | -66.6% |
| Deferred charges and accrued income | 490/1 | €26 | €0 | -€26 | -100% |
| Total equity and liabilities | 10/49 | €63,055 | €45,154 | -€17,902 | -28.4% |
| Equity | 10/15 | €49,320 | €15,343 | -€33,976 | -68.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €48,820 | €14,843 | -€33,976 | -69.6% |
| Distributable reserves | 133 | €48,820 | €14,843 | -€33,976 | -69.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,736 | €29,810 | +€16,075 | +117% |
| Amounts payable within one year | 42/48 | €12,830 | €29,810 | +€16,980 | +132% |
| Trade debts | 44 | €0 | €570 | +€570 | |
| Suppliers | 440/4 | €0 | €570 | +€570 | |
| Taxes, remuneration and social security | 45 | €1,335 | €765 | -€570 | -42.7% |
| Taxes | 450/3 | €1,335 | €765 | -€570 | -42.7% |
| Other amounts payable | 47/48 | €11,495 | €28,475 | +€16,980 | +148% |
| Accrued charges and deferred income | 492/3 | €905 | €0 | -€905 | -100% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €23,439 | -€4,915 | -€28,355 | |
| Operating profit (loss) | 9901 | €22,990 | -€5,377 | -€28,367 | |
| Financial charges | 65/66B | €1,157 | €125 | -€1,032 | -89.2% |
| Recurring financial charges | 65 | €1,157 | €125 | -€1,032 | -89.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €21,834 | -€5,501 | -€27,335 | |
| Income taxes | 67/77 | €1,335 | €0 | -€1,335 | -100% |
| Profit (loss) for the period | 9904 | €20,498 | -€5,501 | -€26,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,498 | -€5,501 | -€26,000 |
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 30 October 2026 via checked.be.