IoT Insight: 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.
IoT Insight
Largest movements
- Cash -€11,754
down €11,754 (-4.0%), from €290,827 to €279,073
mainly Contributions, distributions and other (-€220,000) and Tax, wage and social debts (-€13,053)
- Tangible fixed assets -€4,673
down €4,673 (-15.1%), from €30,963 to €26,290
of which Furniture and vehicles: -€9,057
- Reserves -€223,783
down €223,783 (-55.8%), from €401,103 to €177,320
- Other debts +€221,812
up €221,812 (+9775.2%), from €2,269 to €224,081
- Tax, wage and social debts -€13,053
down €13,053 (-47.9%), from €27,252 to €14,199
of which Taxes: -€13,501
- Gross operating margin -€62,739
down €62,739 (-86.4%), from €72,638 to €9,899
- Taxes -€12,332
down €12,332 (-92.3%), from €13,359 to €1,027
- Financial charges +€760
up €760 (+280.7%), from €271 to €1,031
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 | €438,204 | €423,175 | -€15,029 | -3.4% |
| Fixed assets | 21/28 | €30,963 | €26,290 | -€4,673 | -15.1% |
| Tangible fixed assets | 22/27 | €30,963 | €26,290 | -€4,673 | -15.1% |
| Land and buildings | 22 | €12,045 | €16,429 | +€4,384 | +36.4% |
| Furniture and vehicles | 24 | €18,918 | €9,861 | -€9,057 | -47.9% |
| Current assets | 29/58 | €407,242 | €396,886 | -€10,356 | -2.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,464 | €65,543 | +€2,078 | +3.3% |
| Trade receivables | 40 | €51,823 | €34,929 | -€16,894 | -32.6% |
| Other amounts receivable | 41 | €11,641 | €30,614 | +€18,973 | +163.0% |
| Cash at bank and in hand | 54/58 | €290,827 | €279,073 | -€11,754 | -4.0% |
| Deferred charges and accrued income | 490/1 | €2,951 | €2,271 | -€680 | -23.0% |
| Total equity and liabilities | 10/49 | €438,204 | €423,175 | -€15,029 | -3.4% |
| Equity | 10/15 | €406,103 | €182,320 | -€223,783 | -55.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €401,103 | €177,320 | -€223,783 | -55.8% |
| Distributable reserves | 133 | €401,103 | €177,320 | -€223,783 | -55.8% |
| Amounts payable | 17/49 | €32,102 | €240,856 | +€208,754 | +650.3% |
| Amounts payable within one year | 42/48 | €32,040 | €240,794 | +€208,754 | +651.6% |
| Trade debts | 44 | €2,518 | €2,513 | -€5 | -0.2% |
| Suppliers | 440/4 | €2,518 | €2,513 | -€5 | -0.2% |
| Taxes, remuneration and social security | 45 | €27,252 | €14,199 | -€13,053 | -47.9% |
| Taxes | 450/3 | €25,200 | €11,699 | -€13,501 | -53.6% |
| Remuneration and social security | 454/9 | €2,052 | €2,500 | +€448 | +21.8% |
| Other amounts payable | 47/48 | €2,269 | €224,081 | +€221,812 | +9775.2% |
| Accrued charges and deferred income | 492/3 | €62 | €62 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,529 | €11,145 | +€616 | +5.8% |
| Other operating charges | 640/8 | €3,022 | €2,516 | -€506 | -16.8% |
| Gross operating margin | 9900 | €72,638 | €9,899 | -€62,739 | -86.4% |
| Operating profit (loss) | 9901 | €59,087 | -€3,762 | -€62,848 | |
| Financial income | 75/76B | €1,445 | €2,037 | +€592 | +41.0% |
| Recurring financial income | 75 | €1,445 | €2,037 | +€592 | +41.0% |
| Financial charges | 65/66B | €271 | €1,031 | +€760 | +280.7% |
| Recurring financial charges | 65 | €271 | €1,031 | +€760 | +280.7% |
| Profit (loss) for the period before taxes | 9903 | €60,261 | -€2,756 | -€63,017 | |
| Income taxes | 67/77 | €13,359 | €1,027 | -€12,332 | -92.3% |
| Profit (loss) for the period | 9904 | €46,902 | -€3,783 | -€50,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,902 | -€3,783 | -€50,685 |
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 9 October 2026 via checked.be.