INPROVE: 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.
INPROVE
Largest movements
- Cash +€35,420
up €35,420 (+134.6%), from €26,323 to €61,743
mainly Current portion of long-term debt (+€28,648) and Debts after one year (+€13,783)
- Intangible fixed assets +€18,089
up €18,089 (+80.6%), from €22,452 to €40,542
- Current portion of long-term debt +€28,648
up €28,648 (+150.3%), from €19,064 to €47,711
- Debts after one year +€13,783
new in 2025: €13,783
- Tax, wage and social debts +€12,408
up €12,408 (+14.8%), from €83,957 to €96,366
of which Taxes: +€9,181
- Trade debts -€4,846
down €4,846 (-74.7%), from €6,485 to €1,639
- Profit (loss) carried forward +€3,626
up €3,626 (+39.7%), from €9,130 to €12,756
- Gross operating margin +€15,068
up €15,068 (+8.8%), from €171,767 to €186,834
- Financial income -€6,745
down €6,745 (-98.7%), from €6,833 to €88
- Taxes +€4,345
up €4,345 (+41.7%), from €10,423 to €14,769
- Depreciation +€2,740
up €2,740 (+68.5%), from €4,003 to €6,743
- Write-downs +€2,641
up €2,641 (+6.3%), from -€41,865 to -€39,224
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 | €153,880 | €207,297 | +€53,416 | +34.7% |
| Fixed assets | 21/28 | €30,051 | €49,614 | +€19,563 | +65.1% |
| Intangible fixed assets | 21 | €22,452 | €40,542 | +€18,089 | +80.6% |
| Tangible fixed assets | 22/27 | €4,039 | €5,512 | +€1,474 | +36.5% |
| Furniture and vehicles | 24 | €2,737 | €4,378 | +€1,642 | +60.0% |
| Other tangible fixed assets | 26 | €1,302 | €1,134 | -€168 | -12.9% |
| Financial fixed assets | 28 | €3,560 | €3,560 | = | 0.0% |
| Current assets | 29/58 | €123,829 | €157,683 | +€33,854 | +27.3% |
| Amounts receivable within one year | 40/41 | €97,506 | €95,940 | -€1,567 | -1.6% |
| Trade receivables | 40 | €97,506 | €75,940 | -€21,567 | -22.1% |
| Other amounts receivable | 41 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €26,323 | €61,743 | +€35,420 | +134.6% |
| Total equity and liabilities | 10/49 | €153,880 | €207,297 | +€53,416 | +34.7% |
| Equity | 10/15 | €37,730 | €41,356 | +€3,626 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,130 | €12,756 | +€3,626 | +39.7% |
| Amounts payable | 17/49 | €116,150 | €165,940 | +€49,791 | +42.9% |
| Amounts payable after more than one year | 17 | - | €13,783 | +€13,783 | |
| Financial debts | 170/4 | - | €13,783 | +€13,783 | |
| Amounts payable within one year | 42/48 | €116,150 | €152,157 | +€36,008 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €19,064 | €47,711 | +€28,648 | +150.3% |
| Trade debts | 44 | €6,485 | €1,639 | -€4,846 | -74.7% |
| Suppliers | 440/4 | €6,485 | €1,639 | -€4,846 | -74.7% |
| Taxes, remuneration and social security | 45 | €83,957 | €96,366 | +€12,408 | +14.8% |
| Taxes | 450/3 | €34,341 | €43,522 | +€9,181 | +26.7% |
| Remuneration and social security | 454/9 | €49,617 | €52,844 | +€3,227 | +6.5% |
| Other amounts payable | 47/48 | €6,643 | €6,441 | -€202 | -3.0% |
| Non-recurring operating income | 76A | - | €876 | +€876 | |
| Remuneration, social security and pensions | 62 | €197,412 | €195,882 | -€1,530 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,003 | €6,743 | +€2,740 | +68.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€41,865 | -€39,224 | +€2,641 | +6.3% |
| Other operating charges | 640/8 | €3,016 | €1,828 | -€1,188 | -39.4% |
| Gross operating margin | 9900 | €171,767 | €186,834 | +€15,068 | +8.8% |
| Operating profit (loss) | 9901 | €9,201 | €21,605 | +€12,404 | +134.8% |
| Financial income | 75/76B | €6,833 | €88 | -€6,745 | -98.7% |
| Recurring financial income | 75 | €6,833 | €88 | -€6,745 | -98.7% |
| Financial charges | 65/66B | €2,398 | €3,299 | +€901 | +37.6% |
| Recurring financial charges | 65 | €2,398 | €3,299 | +€901 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €13,636 | €18,394 | +€4,758 | +34.9% |
| Income taxes | 67/77 | €10,423 | €14,769 | +€4,345 | +41.7% |
| Profit (loss) for the period | 9904 | €3,212 | €3,626 | +€413 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,212 | €3,626 | +€413 | +12.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.