InitOne: 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.
InitOne
Largest movements
- Cash +€36,932
up €36,932 (+125.9%), from €29,341 to €66,272
mainly Net result for the year (+€50,066) and Other debts (+€26,471)
- Tangible fixed assets -€10,471
down €10,471 (-27.8%), from €37,674 to €27,203
- Deferred charges and accrued income +€9,887
up €9,887 (+323.2%), from €3,059 to €12,945
- Receivables within one year -€9,362
down €9,362 (-33.1%), from €28,252 to €18,889
of which Trade receivables: -€9,337
- Other debts +€26,471
up €26,471 (+112.5%), from €23,529 to €50,000
- Reserves +€10,000
up €10,000 (+200.0%), from €5,000 to €15,000
- Profit (loss) carried forward -€9,934
down €9,934 (-18.5%), from €53,749 to €43,815
- Tax, wage and social debts +€2,157
up €2,157 (+33.0%), from €6,546 to €8,703
of which Taxes: +€1,192
- Current portion of long-term debt -€1,731
down €1,731 (-100.0%), from €1,731 to €0
- Gross operating margin +€12,296
up €12,296 (+19.6%), from €62,770 to €75,066
- Taxes +€3,290
up €3,290 (+31.1%), from €10,578 to €13,867
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 | €98,430 | €125,415 | +€26,985 | +27.4% |
| Fixed assets | 21/28 | €37,779 | €27,308 | -€10,471 | -27.7% |
| Tangible fixed assets | 22/27 | €37,674 | €27,203 | -€10,471 | -27.8% |
| Furniture and vehicles | 24 | €37,674 | €27,203 | -€10,471 | -27.8% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €60,651 | €98,107 | +€37,456 | +61.8% |
| Amounts receivable within one year | 40/41 | €28,252 | €18,889 | -€9,362 | -33.1% |
| Trade receivables | 40 | €26,579 | €17,243 | -€9,337 | -35.1% |
| Other amounts receivable | 41 | €1,673 | €1,647 | -€26 | -1.5% |
| Cash at bank and in hand | 54/58 | €29,341 | €66,272 | +€36,932 | +125.9% |
| Deferred charges and accrued income | 490/1 | €3,059 | €12,945 | +€9,887 | +323.2% |
| Total equity and liabilities | 10/49 | €98,430 | €125,415 | +€26,985 | +27.4% |
| Equity | 10/15 | €65,749 | €65,815 | +€66 | +0.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €15,000 | +€10,000 | +200.0% |
| Distributable reserves | 133 | €5,000 | €15,000 | +€10,000 | +200.0% |
| Profit (loss) carried forward | 14 | €53,749 | €43,815 | -€9,934 | -18.5% |
| Amounts payable | 17/49 | €32,681 | €59,600 | +€26,919 | +82.4% |
| Amounts payable within one year | 42/48 | €32,681 | €59,600 | +€26,919 | +82.4% |
| Current portion of amounts payable after more than one year | 42 | €1,731 | €0 | -€1,731 | -100.0% |
| Trade debts | 44 | €875 | €897 | +€22 | +2.5% |
| Suppliers | 440/4 | €875 | €897 | +€22 | +2.5% |
| Taxes, remuneration and social security | 45 | €6,546 | €8,703 | +€2,157 | +33.0% |
| Taxes | 450/3 | €6,546 | €7,738 | +€1,192 | +18.2% |
| Remuneration and social security | 454/9 | - | €965 | +€965 | |
| Other amounts payable | 47/48 | €23,529 | €50,000 | +€26,471 | +112.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,544 | €10,471 | -€73 | -0.7% |
| Other operating charges | 640/8 | €626 | €481 | -€145 | -23.1% |
| Gross operating margin | 9900 | €62,770 | €75,066 | +€12,296 | +19.6% |
| Operating profit (loss) | 9901 | €51,600 | €64,114 | +€12,514 | +24.3% |
| Financial charges | 65/66B | €864 | €180 | -€684 | -79.2% |
| Recurring financial charges | 65 | €864 | €180 | -€684 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | €50,736 | €63,934 | +€13,198 | +26.0% |
| Income taxes | 67/77 | €10,578 | €13,867 | +€3,290 | +31.1% |
| Profit (loss) for the period | 9904 | €40,158 | €50,066 | +€9,908 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,158 | €50,066 | +€9,908 | +24.7% |
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 3 October 2026 via checked.be.