INTEVU: 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.
INTEVU
Largest movements
- Cash +€536,636
up €536,636 (+2683.2%), from €20,000 to €556,636
mainly Contributions, distributions and other (+€500,000) and Receivables within one year (+€34,690)
- Receivables within one year -€34,690
down €34,690 (-11.6%), from €299,403 to €264,713
of which Trade receivables: -€55,011
- Contributions +€500,000
up €500,000 (+8064.5%), from €6,200 to €506,200
- Tax, wage and social debts +€25,842
up €25,842 (+28.4%), from €91,005 to €116,846
of which Taxes: +€20,152
- Trade debts -€23,115
down €23,115 (-22.6%), from €102,363 to €79,248
- Profit (loss) carried forward -€16,608
down €16,608 (-62.8%), from -€26,440 to -€43,048
- Short-term financial debts +€10,887
up €10,887 (+29.4%), from €37,067 to €47,954
- Gross operating margin +€254,697
up €254,697 (+37.0%), from €689,018 to €943,715
- Staff costs +€237,735
up €237,735 (+35.3%), from €672,991 to €910,727
- Taxes +€11,153
up €11,153 (+113.6%), from €9,819 to €20,972
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 | €365,451 | €862,457 | +€497,006 | +136.0% |
| Fixed assets | 21/28 | €19,781 | €13,655 | -€6,125 | -31.0% |
| Tangible fixed assets | 22/27 | €19,781 | €13,655 | -€6,125 | -31.0% |
| Furniture and vehicles | 24 | €13,559 | €9,399 | -€4,160 | -30.7% |
| Other tangible fixed assets | 26 | €6,222 | €4,256 | -€1,966 | -31.6% |
| Current assets | 29/58 | €345,670 | €848,802 | +€503,131 | +145.6% |
| Amounts receivable within one year | 40/41 | €299,403 | €264,713 | -€34,690 | -11.6% |
| Trade receivables | 40 | €256,455 | €201,443 | -€55,011 | -21.5% |
| Other amounts receivable | 41 | €42,948 | €63,269 | +€20,321 | +47.3% |
| Cash at bank and in hand | 54/58 | €20,000 | €556,636 | +€536,636 | +2683.2% |
| Deferred charges and accrued income | 490/1 | €26,267 | €27,453 | +€1,186 | +4.5% |
| Total equity and liabilities | 10/49 | €365,451 | €862,457 | +€497,006 | +136.0% |
| Equity | 10/15 | €135,017 | €618,409 | +€483,392 | +358.0% |
| Contributions | 10/11 | €6,200 | €506,200 | +€500,000 | +8064.5% |
| Reserves | 13 | €155,257 | €155,257 | = | 0.0% |
| Distributable reserves | 133 | €155,257 | €155,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,440 | -€43,048 | -€16,608 | -62.8% |
| Amounts payable | 17/49 | €230,434 | €244,048 | +€13,614 | +5.9% |
| Amounts payable within one year | 42/48 | €230,434 | €244,048 | +€13,614 | +5.9% |
| Financial debts | 43 | €37,067 | €47,954 | +€10,887 | +29.4% |
| Credit institutions | 430/8 | €37,067 | €47,954 | +€10,887 | +29.4% |
| Trade debts | 44 | €102,363 | €79,248 | -€23,115 | -22.6% |
| Suppliers | 440/4 | €102,363 | €79,248 | -€23,115 | -22.6% |
| Taxes, remuneration and social security | 45 | €91,005 | €116,846 | +€25,842 | +28.4% |
| Taxes | 450/3 | €17,025 | €37,177 | +€20,152 | +118.4% |
| Remuneration and social security | 454/9 | €73,979 | €79,669 | +€5,690 | +7.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,497 | - | -€8,497 | |
| Remuneration, social security and pensions | 62 | €672,991 | €910,727 | +€237,735 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,849 | €7,958 | +€1,110 | +16.2% |
| Other operating charges | 640/8 | €8,142 | €3,009 | -€5,132 | -63.0% |
| Gross operating margin | 9900 | €689,018 | €943,715 | +€254,697 | +37.0% |
| Operating profit (loss) | 9901 | €1,036 | €22,020 | +€20,984 | +2024.6% |
| Financial income | 75/76B | €442 | €2,638 | +€2,196 | +496.5% |
| Recurring financial income | 75 | €442 | €2,638 | +€2,196 | +496.5% |
| Financial charges | 65/66B | €18,100 | €20,295 | +€2,194 | +12.1% |
| Recurring financial charges | 65 | €18,100 | €20,295 | +€2,194 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,622 | €4,364 | +€20,986 | |
| Income taxes | 67/77 | €9,819 | €20,972 | +€11,153 | +113.6% |
| Profit (loss) for the period | 9904 | -€26,440 | -€16,608 | +€9,832 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,440 | -€16,608 | +€9,832 | +37.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.