INTEGRITIVE: 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.
INTEGRITIVE
Largest movements
- Receivables within one year +€16,979
up €16,979 (+86.1%), from €19,709 to €36,688
- Cash -€10,230
down €10,230 (-37.6%), from €27,205 to €16,975
mainly Contributions, distributions and other (-€30,000) and Other debts (-€29,775)
- Current investments +€10,000
up €10,000 (+20.0%), from €50,000 to €60,000
- Reserves +€41,914
up €41,914 (+118.9%), from €35,260 to €77,174
of which Distributable reserves: +€41,914
- Other debts -€29,775
no longer reported in 2025 (was €29,775)
- Tax, wage and social debts +€4,387
up €4,387 (+24.1%), from €18,186 to €22,573
of which Taxes: +€3,330
- Gross operating margin +€52,683
up €52,683 (+51.1%), from €103,167 to €155,851
- Taxes +€12,460
up €12,460 (+149.3%), from €8,347 to €20,807
- Staff costs -€1,604
down €1,604 (-2.6%), from €62,744 to €61,140
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 | €101,897 | €118,542 | +€16,644 | +16.3% |
| Fixed assets | 21/28 | €4,740 | €4,635 | -€104 | -2.2% |
| Tangible fixed assets | 22/27 | €4,740 | €4,635 | -€104 | -2.2% |
| Plant, machinery and equipment | 23 | - | €371 | +€371 | |
| Furniture and vehicles | 24 | €270 | €582 | +€312 | +115.8% |
| Other tangible fixed assets | 26 | €4,470 | €3,683 | -€787 | -17.6% |
| Current assets | 29/58 | €97,157 | €113,906 | +€16,749 | +17.2% |
| Amounts receivable within one year | 40/41 | €19,709 | €36,688 | +€16,979 | +86.1% |
| Trade receivables | 40 | €19,709 | €36,688 | +€16,979 | +86.1% |
| Current investments | 50/53 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €27,205 | €16,975 | -€10,230 | -37.6% |
| Deferred charges and accrued income | 490/1 | €243 | €243 | = | 0.0% |
| Total equity and liabilities | 10/49 | €101,897 | €118,542 | +€16,644 | +16.3% |
| Equity | 10/15 | €53,836 | €95,750 | +€41,914 | +77.9% |
| Contributions | 10/11 | €18,576 | €18,576 | = | 0.0% |
| Contributions outside capital | 11 | €18,576 | €18,576 | = | 0.0% |
| Other | 1109/19 | €18,576 | €18,576 | = | 0.0% |
| Reserves | 13 | €35,260 | €77,174 | +€41,914 | +118.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,400 | €33,400 | = | 0.0% |
| Distributable reserves | 133 | - | €41,914 | +€41,914 | |
| Amounts payable | 17/49 | €48,061 | €22,792 | -€25,270 | -52.6% |
| Amounts payable within one year | 42/48 | €48,061 | €22,792 | -€25,270 | -52.6% |
| Trade debts | 44 | €100 | €219 | +€119 | +118.7% |
| Suppliers | 440/4 | €100 | €219 | +€119 | +118.7% |
| Taxes, remuneration and social security | 45 | €18,186 | €22,573 | +€4,387 | +24.1% |
| Taxes | 450/3 | €9,796 | €13,127 | +€3,330 | +34.0% |
| Remuneration and social security | 454/9 | €8,390 | €9,446 | +€1,056 | +12.6% |
| Other amounts payable | 47/48 | €29,775 | - | -€29,775 | |
| Remuneration, social security and pensions | 62 | €62,744 | €61,140 | -€1,604 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,968 | €1,929 | -€39 | -2.0% |
| Other operating charges | 640/8 | €795 | €848 | +€54 | +6.7% |
| Gross operating margin | 9900 | €103,167 | €155,851 | +€52,683 | +51.1% |
| Operating profit (loss) | 9901 | €37,661 | €91,933 | +€54,272 | +144.1% |
| Financial income | 75/76B | €490 | €1,024 | +€534 | +109.1% |
| Recurring financial income | 75 | €490 | €1,024 | +€534 | +109.1% |
| Financial charges | 65/66B | €67 | €236 | +€168 | +250.9% |
| Recurring financial charges | 65 | €67 | €236 | +€168 | +250.9% |
| Profit (loss) for the period before taxes | 9903 | €38,083 | €92,721 | +€54,638 | +143.5% |
| Income taxes | 67/77 | €8,347 | €20,807 | +€12,460 | +149.3% |
| Profit (loss) for the period | 9904 | €29,736 | €71,914 | +€42,178 | +141.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,736 | €71,914 | +€42,178 | +141.8% |
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 10 October 2026 via checked.be.