Internal Audit Academy: 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.
Internal Audit Academy
Largest movements
- Cash -€64,754
down €64,754 (-78.9%), from €82,116 to €17,362
mainly Trade debts (-€60,459) and Accrued charges and deferred income (-€31,730)
- Deferred charges and accrued income -€17,746
down €17,746 (-71.1%), from €24,972 to €7,226
- Receivables within one year +€7,847
up €7,847 (+10.5%), from €74,738 to €82,586
of which Other amounts receivable: +€19,366
- Intangible fixed assets -€3,854
down €3,854 (-79.6%), from €4,843 to €990
- Trade debts -€60,459
down €60,459 (-81.5%), from €74,203 to €13,744
- Profit (loss) carried forward +€43,318
up €43,318 (+15.6%), from -€278,274 to -€234,956
- Accrued charges and deferred income -€31,730
down €31,730 (-52.2%), from €60,760 to €29,030
- Debts after one year -€30,250
down €30,250 (-11.0%), from €274,906 to €244,656
- Current portion of long-term debt +€2,852
up €2,852 (+11.4%), from €25,094 to €27,946
- Gross operating margin +€29,889
up €29,889 (+126%), from €23,664 to €53,553
- Staff costs -€18,568
down €18,568, from €16,724 to -€1,844
- Financial charges +€5,188
up €5,188 (+293%), from €1,769 to €6,957
of which Financial charges: +€5,713
- Depreciation +€2,069
up €2,069 (+96.9%), from €2,134 to €4,203
- Other operating charges -€918
down €918 (-38.9%), from €2,360 to €1,442
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 | €187,409 | €109,042 | -€78,367 | -41.8% |
| Fixed assets | 21/28 | €5,582 | €1,868 | -€3,714 | -66.5% |
| Intangible fixed assets | 21 | €4,843 | €990 | -€3,854 | -79.6% |
| Tangible fixed assets | 22/27 | €739 | €878 | +€140 | +18.9% |
| Plant, machinery and equipment | 23 | - | €456 | +€456 | |
| Furniture and vehicles | 24 | €739 | €422 | -€317 | -42.9% |
| Current assets | 29/58 | €181,827 | €107,174 | -€74,653 | -41.1% |
| Amounts receivable within one year | 40/41 | €74,738 | €82,586 | +€7,847 | +10.5% |
| Trade receivables | 40 | €64,909 | €53,391 | -€11,518 | -17.7% |
| Other amounts receivable | 41 | €9,829 | €29,195 | +€19,366 | +197% |
| Cash at bank and in hand | 54/58 | €82,116 | €17,362 | -€64,754 | -78.9% |
| Deferred charges and accrued income | 490/1 | €24,972 | €7,226 | -€17,746 | -71.1% |
| Total equity and liabilities | 10/49 | €187,409 | €109,042 | -€78,367 | -41.8% |
| Equity | 10/15 | -€249,732 | -€206,414 | +€43,318 | +17.3% |
| Contributions | 10/11 | €18,675 | €18,675 | = | 0.0% |
| Reserves | 13 | €9,868 | €9,868 | = | 0.0% |
| Distributable reserves | 133 | €9,868 | €9,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,274 | -€234,956 | +€43,318 | +15.6% |
| Amounts payable | 17/49 | €437,140 | €315,456 | -€121,684 | -27.8% |
| Amounts payable after more than one year | 17 | €274,906 | €244,656 | -€30,250 | -11.0% |
| Financial debts | 170/4 | €274,906 | €244,656 | -€30,250 | -11.0% |
| Amounts payable within one year | 42/48 | €101,474 | €41,770 | -€59,705 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €25,094 | €27,946 | +€2,852 | +11.4% |
| Trade debts | 44 | €74,203 | €13,744 | -€60,459 | -81.5% |
| Suppliers | 440/4 | €74,203 | €13,744 | -€60,459 | -81.5% |
| Taxes, remuneration and social security | 45 | €2,177 | - | -€2,177 | |
| Taxes | 450/3 | €333 | - | -€333 | |
| Remuneration and social security | 454/9 | €1,844 | - | -€1,844 | |
| Other amounts payable | 47/48 | - | €80 | +€80 | |
| Accrued charges and deferred income | 492/3 | €60,760 | €29,030 | -€31,730 | -52.2% |
| Remuneration, social security and pensions | 62 | €16,724 | -€1,844 | -€18,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,134 | €4,203 | +€2,069 | +96.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€481 | -€190 | +€291 | +60.5% |
| Other operating charges | 640/8 | €2,360 | €1,442 | -€918 | -38.9% |
| Gross operating margin | 9900 | €23,664 | €53,553 | +€29,889 | +126% |
| Operating profit (loss) | 9901 | €2,926 | €49,942 | +€47,015 | +1,607% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.1% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.1% |
| Financial charges | 65/66B | €1,769 | €6,957 | +€5,188 | +293% |
| Recurring financial charges | 65 | €1,244 | €6,957 | +€5,713 | +459% |
| Non-recurring financial charges | 66B | €524 | - | -€524 | |
| Profit (loss) for the period before taxes | 9903 | €1,159 | €42,985 | +€41,825 | +3,608% |
| Income taxes | 67/77 | - | -€333 | -€333 | |
| Profit (loss) for the period | 9904 | €1,159 | €43,318 | +€42,159 | +3,637% |
| Profit (loss) for the period to be appropriated | 9905 | €1,159 | €43,318 | +€42,159 | +3,637% |
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 25 October 2026 via checked.be.