Injection Test: 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.
Injection Test
Largest movements
- Cash -€51,075
down €51,075 (-58.8%), from €86,935 to €35,861
mainly Provisions (-€51,626) and Receivables within one year (-€13,165)
- Receivables within one year +€13,165
up €13,165 (+106%), from €12,372 to €25,537
of which Trade receivables: +€13,165
- Tangible fixed assets -€13,011
down €13,011 (-30.5%), from €42,666 to €29,656
of which Furniture and vehicles: -€12,438
- Provisions -€51,626
no longer reported in 2025 (was €51,626)
- Other debts +€6,834
up €6,834 (+100%), from €6,800 to €13,634
- Tax, wage and social debts -€5,041
down €5,041 (-43.3%), from €11,646 to €6,605
of which Taxes: -€4,867
- Reserves +€5,000
up €5,000 (+9.1%), from €55,000 to €60,000
- Current portion of long-term debt -€4,144
down €4,144 (-66.5%), from €6,234 to €2,090
- Provisions -€103,251
down €103,251, from €51,626 to -€51,626
- Financial charges +€52,438
up €52,438 (+6,277%), from €835 to €53,273
- Gross operating margin -€33,715
down €33,715 (-48.7%), from €69,171 to €35,456
- Taxes +€5,582
up €5,582 (+349%), from €1,601 to €7,183
- Depreciation +€4,309
up €4,309 (+49.5%), from €8,701 to €13,011
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 | €143,668 | €92,603 | -€51,065 | -35.5% |
| Fixed assets | 21/28 | €42,666 | €29,656 | -€13,011 | -30.5% |
| Tangible fixed assets | 22/27 | €42,666 | €29,656 | -€13,011 | -30.5% |
| Plant, machinery and equipment | 23 | €2,140 | €1,567 | -€573 | -26.8% |
| Furniture and vehicles | 24 | €40,526 | €28,089 | -€12,438 | -30.7% |
| Current assets | 29/58 | €101,002 | €62,948 | -€38,055 | -37.7% |
| Amounts receivable within one year | 40/41 | €12,372 | €25,537 | +€13,165 | +106% |
| Trade receivables | 40 | €3,973 | €17,138 | +€13,165 | +331% |
| Other amounts receivable | 41 | €8,399 | €8,399 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,935 | €35,861 | -€51,075 | -58.8% |
| Deferred charges and accrued income | 490/1 | €1,695 | €1,550 | -€145 | -8.6% |
| Total equity and liabilities | 10/49 | €143,668 | €92,603 | -€51,065 | -35.5% |
| Equity | 10/15 | €63,029 | €67,547 | +€4,518 | +7.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €55,000 | €60,000 | +€5,000 | +9.1% |
| Distributable reserves | 133 | €55,000 | €60,000 | +€5,000 | +9.1% |
| Profit (loss) carried forward | 14 | €3,029 | €2,547 | -€482 | -15.9% |
| Provisions and deferred taxes | 16 | €51,626 | - | -€51,626 | |
| Provisions for liabilities and charges | 160/5 | €51,626 | - | -€51,626 | |
| Other liabilities and charges | 164/5 | €51,626 | - | -€51,626 | |
| Amounts payable | 17/49 | €29,014 | €25,056 | -€3,958 | -13.6% |
| Amounts payable after more than one year | 17 | €2,090 | - | -€2,090 | |
| Financial debts | 170/4 | €2,090 | - | -€2,090 | |
| Amounts payable within one year | 42/48 | €26,924 | €25,056 | -€1,867 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €6,234 | €2,090 | -€4,144 | -66.5% |
| Trade debts | 44 | €2,243 | €2,727 | +€483 | +21.5% |
| Suppliers | 440/4 | €2,243 | €2,727 | +€483 | +21.5% |
| Taxes, remuneration and social security | 45 | €11,646 | €6,605 | -€5,041 | -43.3% |
| Taxes | 450/3 | €8,340 | €3,473 | -€4,867 | -58.4% |
| Remuneration and social security | 454/9 | €3,306 | €3,132 | -€174 | -5.3% |
| Other amounts payable | 47/48 | €6,800 | €13,634 | +€6,834 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,701 | €13,011 | +€4,309 | +49.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €51,626 | -€51,626 | -€103,251 | |
| Other operating charges | 640/8 | €3,698 | €1,099 | -€2,599 | -70.3% |
| Gross operating margin | 9900 | €69,171 | €35,456 | -€33,715 | -48.7% |
| Operating profit (loss) | 9901 | €5,146 | €72,972 | +€67,826 | +1,318% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €835 | €53,273 | +€52,438 | +6,277% |
| Recurring financial charges | 65 | €835 | €53,273 | +€52,438 | +6,277% |
| Profit (loss) for the period before taxes | 9903 | €4,311 | €19,701 | +€15,390 | +357% |
| Income taxes | 67/77 | €1,601 | €7,183 | +€5,582 | +349% |
| Profit (loss) for the period | 9904 | €2,710 | €12,518 | +€9,808 | +362% |
| Profit (loss) for the period to be appropriated | 9905 | €2,710 | €12,518 | +€9,808 | +362% |
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 13 October 2026 via checked.be.