INITIUM³: 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.
INITIUM³
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€622
down €622 (-1.8%), from -€34,394 to -€35,016
- Other debts +€622
up €622 (+7.0%), from €8,903 to €9,525
- Gross operating margin +€119
up €119 (+16.1%), from -€741 to -€622
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,490 | €1,490 | = | 0.0% |
| Current assets | 29/58 | €1,490 | €1,490 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,490 | €1,490 | = | 0.0% |
| Other amounts receivable | 41 | €1,490 | €1,490 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,490 | €1,490 | = | 0.0% |
| Equity | 10/15 | -€7,897 | -€8,520 | -€622 | -7.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,497 | €6,497 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,497 | €6,497 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,394 | -€35,016 | -€622 | -1.8% |
| Amounts payable | 17/49 | €9,387 | €10,009 | +€622 | +6.6% |
| Amounts payable within one year | 42/48 | €9,387 | €10,009 | +€622 | +6.6% |
| Trade debts | 44 | €484 | €484 | = | 0.0% |
| Suppliers | 440/4 | €484 | €484 | = | 0.0% |
| Other amounts payable | 47/48 | €8,903 | €9,525 | +€622 | +7.0% |
| Gross operating margin | 9900 | -€741 | -€622 | +€119 | +16.1% |
| Operating profit (loss) | 9901 | -€741 | -€622 | +€119 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | -€741 | -€622 | +€119 | +16.1% |
| Profit (loss) for the period | 9904 | -€741 | -€622 | +€119 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€741 | -€622 | +€119 | +16.1% |
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.