INVESTDATA: 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.
INVESTDATA
Largest movements
- Cash +€30,835
up €30,835 (+75.6%), from €40,773 to €71,608
mainly Depreciation (+€38,726) and Net result for the year (+€29,431)
- Receivables within one year +€21,709
up €21,709 (+108.5%), from €20,008 to €41,717
of which Trade receivables: +€20,612
- Intangible fixed assets -€3,870
down €3,870 (-3.9%), from €99,704 to €95,833
- Reserves +€29,431
up €29,431 (+21.4%), from €137,797 to €167,228
of which Distributable reserves: +€29,431
- Accrued charges and deferred income +€14,996
up €14,996 (+1023.0%), from €1,466 to €16,462
- Tax, wage and social debts +€2,849
up €2,849 (+255.6%), from €1,115 to €3,964
- Gross operating margin +€52,885
up €52,885 (+229.5%), from €23,048 to €75,933
- Depreciation +€7,377
up €7,377 (+23.5%), from €31,349 to €38,726
- Taxes +€6,904
new in 2025: €6,904
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 | €161,828 | €210,501 | +€48,673 | +30.1% |
| Fixed assets | 21/28 | €99,704 | €95,833 | -€3,870 | -3.9% |
| Intangible fixed assets | 21 | €99,704 | €95,833 | -€3,870 | -3.9% |
| Current assets | 29/58 | €62,125 | €114,668 | +€52,543 | +84.6% |
| Amounts receivable within one year | 40/41 | €20,008 | €41,717 | +€21,709 | +108.5% |
| Trade receivables | 40 | €20,008 | €40,620 | +€20,612 | +103.0% |
| Other amounts receivable | 41 | - | €1,096 | +€1,096 | |
| Cash at bank and in hand | 54/58 | €40,773 | €71,608 | +€30,835 | +75.6% |
| Deferred charges and accrued income | 490/1 | €1,344 | €1,344 | = | 0.0% |
| Total equity and liabilities | 10/49 | €161,828 | €210,501 | +€48,673 | +30.1% |
| Equity | 10/15 | €143,997 | €173,428 | +€29,431 | +20.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,797 | €167,228 | +€29,431 | +21.4% |
| Non-distributable reserves | 130/1 | €800 | €800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €800 | €800 | = | 0.0% |
| Distributable reserves | 133 | €136,997 | €166,428 | +€29,431 | +21.5% |
| Amounts payable | 17/49 | €17,831 | €37,073 | +€19,242 | +107.9% |
| Amounts payable within one year | 42/48 | €16,365 | €20,611 | +€4,246 | +25.9% |
| Trade debts | 44 | €15,177 | €16,574 | +€1,397 | +9.2% |
| Suppliers | 440/4 | €15,177 | €16,574 | +€1,397 | +9.2% |
| Taxes, remuneration and social security | 45 | €1,115 | €3,964 | +€2,849 | +255.6% |
| Taxes | 450/3 | €1,115 | €3,964 | +€2,849 | +255.6% |
| Other amounts payable | 47/48 | €74 | €74 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,466 | €16,462 | +€14,996 | +1023.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,349 | €38,726 | +€7,377 | +23.5% |
| Other operating charges | 640/8 | €668 | €688 | +€20 | +2.9% |
| Gross operating margin | 9900 | €23,048 | €75,933 | +€52,885 | +229.5% |
| Operating profit (loss) | 9901 | -€8,969 | €36,519 | +€45,488 | |
| Financial income | 75/76B | €100 | €62 | -€39 | -38.4% |
| Recurring financial income | 75 | €100 | €62 | -€39 | -38.4% |
| Financial charges | 65/66B | €248 | €246 | -€2 | -0.9% |
| Recurring financial charges | 65 | €248 | €246 | -€2 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,117 | €36,335 | +€45,452 | |
| Income taxes | 67/77 | - | €6,904 | +€6,904 | |
| Profit (loss) for the period | 9904 | -€9,117 | €29,431 | +€38,548 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,117 | €29,431 | +€38,548 |
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.