Inquirendi: 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.
Inquirendi
Largest movements
- Receivables within one year -€11,435
down €11,435 (-25.2%), from €45,450 to €34,015
of which Trade receivables: -€9,148
- Cash -€3,339
down €3,339 (-5.7%), from €58,365 to €55,026
mainly Contributions, distributions and other (-€63,332) and Stocks and contracts (-€2,993)
- Stocks and contracts +€2,993
new in 2025: €2,993
- Profit (loss) carried forward -€51,703
down €51,703 (-54.6%), from €94,748 to €43,045
- Other debts +€41,763
up €41,763 (+723%), from €5,777 to €47,540
- Tax, wage and social debts -€2,435
down €2,435 (-70.1%), from €3,474 to €1,038
- Gross operating margin -€29,236
down €29,236 (-57.6%), from €50,796 to €21,560
- Taxes -€5,841
down €5,841 (-52.5%), from €11,115 to €5,274
- Depreciation -€1,122
down €1,122 (-27.5%), from €4,082 to €2,960
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 | €111,524 | €98,950 | -€12,573 | -11.3% |
| Fixed assets | 21/28 | €6,336 | €5,379 | -€957 | -15.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €5,973 | €5,016 | -€957 | -16.0% |
| Furniture and vehicles | 24 | €4,712 | €4,294 | -€418 | -8.9% |
| Other tangible fixed assets | 26 | €1,261 | €722 | -€539 | -42.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €105,188 | €93,572 | -€11,616 | -11.0% |
| Stocks and contracts in progress | 3 | - | €2,993 | +€2,993 | |
| Stocks | 30/36 | - | €2,993 | +€2,993 | |
| Amounts receivable within one year | 40/41 | €45,450 | €34,015 | -€11,435 | -25.2% |
| Trade receivables | 40 | €38,490 | €29,342 | -€9,148 | -23.8% |
| Other amounts receivable | 41 | €6,960 | €4,673 | -€2,287 | -32.9% |
| Cash at bank and in hand | 54/58 | €58,365 | €55,026 | -€3,339 | -5.7% |
| Deferred charges and accrued income | 490/1 | €1,372 | €1,538 | +€166 | +12.1% |
| Total equity and liabilities | 10/49 | €111,524 | €98,950 | -€12,573 | -11.3% |
| Equity | 10/15 | €97,248 | €45,545 | -€51,703 | -53.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,748 | €43,045 | -€51,703 | -54.6% |
| Amounts payable | 17/49 | €14,276 | €53,406 | +€39,130 | +274% |
| Amounts payable within one year | 42/48 | €14,276 | €53,406 | +€39,130 | +274% |
| Financial debts | 43 | €509 | €164 | -€345 | -67.8% |
| Credit institutions | 430/8 | €509 | €0 | -€509 | -100% |
| Other loans | 439 | - | €164 | +€164 | |
| Trade debts | 44 | €4,517 | €4,664 | +€147 | +3.3% |
| Suppliers | 440/4 | €4,517 | €4,664 | +€147 | +3.3% |
| Taxes, remuneration and social security | 45 | €3,474 | €1,038 | -€2,435 | -70.1% |
| Taxes | 450/3 | €3,474 | €1,038 | -€2,435 | -70.1% |
| Other amounts payable | 47/48 | €5,777 | €47,540 | +€41,763 | +723% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,082 | €2,960 | -€1,122 | -27.5% |
| Other operating charges | 640/8 | €1,202 | €1,575 | +€373 | +31.0% |
| Gross operating margin | 9900 | €50,796 | €21,560 | -€29,236 | -57.6% |
| Operating profit (loss) | 9901 | €45,512 | €17,025 | -€28,487 | -62.6% |
| Financial income | 75/76B | €4 | €17 | +€13 | +366% |
| Recurring financial income | 75 | €4 | €17 | +€13 | +366% |
| Financial charges | 65/66B | €104 | €138 | +€34 | +33.2% |
| Recurring financial charges | 65 | €104 | €138 | +€34 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €45,412 | €16,904 | -€28,508 | -62.8% |
| Income taxes | 67/77 | €11,115 | €5,274 | -€5,841 | -52.5% |
| Profit (loss) for the period | 9904 | €34,297 | €11,629 | -€22,668 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,297 | €11,629 | -€22,668 | -66.1% |
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 17 October 2026 via checked.be.