IR1389B: 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.
IR1389B
Largest movements
- Stocks and contracts -€15,200
down €15,200 (-12.7%), from €119,481 to €104,281
- Tangible fixed assets +€1,759
new in 2025: €1,759
- Receivables within one year +€1,670
up €1,670 (+138%), from €1,206 to €2,875
of which Other amounts receivable: +€1,341
- Profit (loss) carried forward -€22,931
down €22,931 (-30.2%), from €75,986 to €53,055
- Other debts +€6,361
up €6,361 (+97.4%), from €6,532 to €12,893
- Trade debts +€4,176
up €4,176 (+53.6%), from €7,795 to €11,971
- Gross operating margin -€35,026
down €35,026 (-66.5%), from €52,702 to €17,676
- Purchases and services +€14,099
up €14,099 (+18.0%), from €78,445 to €92,544
- Staff costs -€7,166
down €7,166 (-15.7%), from €45,541 to €38,375
- Taxes -€1,087
down €1,087 (-80.7%), from €1,346 to €259
- Depreciation -€800
down €800 (-64.5%), from €1,240 to €440
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 | €124,506 | €112,636 | -€11,870 | -9.5% |
| Formation expenses | 20 | €300 | €300 | = | 0.0% |
| Fixed assets | 21/28 | €1,340 | €3,099 | +€1,759 | +131% |
| Tangible fixed assets | 22/27 | - | €1,759 | +€1,759 | |
| Furniture and vehicles | 24 | - | €1,759 | +€1,759 | |
| Financial fixed assets | 28 | €1,340 | €1,340 | = | 0.0% |
| Current assets | 29/58 | €122,865 | €109,236 | -€13,629 | -11.1% |
| Stocks and contracts in progress | 3 | €119,481 | €104,281 | -€15,200 | -12.7% |
| Stocks | 30/36 | €119,481 | €104,281 | -€15,200 | -12.7% |
| Amounts receivable within one year | 40/41 | €1,206 | €2,875 | +€1,670 | +138% |
| Trade receivables | 40 | - | €329 | +€329 | |
| Other amounts receivable | 41 | €1,206 | €2,546 | +€1,341 | +111% |
| Cash at bank and in hand | 54/58 | €1,605 | €1,863 | +€258 | +16.1% |
| Deferred charges and accrued income | 490/1 | €574 | €217 | -€357 | -62.2% |
| Total equity and liabilities | 10/49 | €124,506 | €112,636 | -€11,870 | -9.5% |
| Equity | 10/15 | €96,446 | €73,515 | -€22,931 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,986 | €53,055 | -€22,931 | -30.2% |
| Amounts payable | 17/49 | €28,059 | €39,121 | +€11,061 | +39.4% |
| Amounts payable after more than one year | 17 | €5,016 | €5,016 | = | 0.0% |
| Financial debts | 170/4 | €5,016 | €5,016 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,044 | €34,105 | +€11,061 | +48.0% |
| Trade debts | 44 | €7,795 | €11,971 | +€4,176 | +53.6% |
| Suppliers | 440/4 | €7,795 | €11,971 | +€4,176 | +53.6% |
| Taxes, remuneration and social security | 45 | €8,717 | €9,241 | +€524 | +6.0% |
| Taxes | 450/3 | €3,599 | €4,122 | +€524 | +14.6% |
| Remuneration and social security | 454/9 | €5,118 | €5,118 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €6,532 | €12,893 | +€6,361 | +97.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €78,445 | €92,544 | +€14,099 | +18.0% |
| Remuneration, social security and pensions | 62 | €45,541 | €38,375 | -€7,166 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €440 | -€800 | -64.5% |
| Other operating charges | 640/8 | €1,284 | €1,438 | +€153 | +11.9% |
| Gross operating margin | 9900 | €52,702 | €17,676 | -€35,026 | -66.5% |
| Operating profit (loss) | 9901 | €4,637 | -€22,576 | -€27,213 | |
| Financial charges | 65/66B | €254 | €96 | -€159 | -62.4% |
| Recurring financial charges | 65 | €254 | €96 | -€159 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €4,382 | -€22,672 | -€27,054 | |
| Income taxes | 67/77 | €1,346 | €259 | -€1,087 | -80.7% |
| Profit (loss) for the period | 9904 | €3,036 | -€22,931 | -€25,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,036 | -€22,931 | -€25,967 |
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 16 October 2026 via checked.be.