IT EXPERTISE: 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.
IT EXPERTISE
Largest movements
- Cash -€61,934
down €61,934 (-41.8%), from €148,134 to €86,200
mainly Contributions, distributions and other (-€147,987) and Tax, wage and social debts (-€26,342)
- Receivables within one year -€38,518
down €38,518 (-51.7%), from €74,446 to €35,928
of which Other amounts receivable: -€44,831
- Current investments -€24,181
down €24,181 (-50.9%), from €47,500 to €23,319
- Reserves -€128,839
down €128,839 (-42.8%), from €301,300 to €172,461
- Tax, wage and social debts -€26,342
down €26,342 (-62.3%), from €42,279 to €15,936
- Other debts +€23,525
new in 2025: €23,525
- Current portion of long-term debt +€5,833
new in 2025: €5,833
- Gross operating margin -€101,847
down €101,847 (-72.4%), from €140,648 to €38,801
- Taxes -€32,893
down €32,893 (-72.6%), from €45,301 to €12,408
- Financial income +€1,449
up €1,449 (+707.3%), from €205 to €1,654
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 | €364,225 | €238,479 | -€125,747 | -34.5% |
| Fixed assets | 21/28 | €13,999 | €12,481 | -€1,518 | -10.8% |
| Tangible fixed assets | 22/27 | €13,999 | €12,481 | -€1,518 | -10.8% |
| Plant, machinery and equipment | 23 | €9,340 | €9,188 | -€152 | -1.6% |
| Furniture and vehicles | 24 | €4,658 | €3,293 | -€1,366 | -29.3% |
| Current assets | 29/58 | €350,227 | €225,998 | -€124,229 | -35.5% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,446 | €35,928 | -€38,518 | -51.7% |
| Trade receivables | 40 | €29,427 | €35,740 | +€6,313 | +21.5% |
| Other amounts receivable | 41 | €45,019 | €188 | -€44,831 | -99.6% |
| Current investments | 50/53 | €47,500 | €23,319 | -€24,181 | -50.9% |
| Cash at bank and in hand | 54/58 | €148,134 | €86,200 | -€61,934 | -41.8% |
| Deferred charges and accrued income | 490/1 | €146 | €550 | +€404 | +276.1% |
| Total equity and liabilities | 10/49 | €364,225 | €238,479 | -€125,747 | -34.5% |
| Equity | 10/15 | €319,900 | €191,061 | -€128,839 | -40.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,300 | €172,461 | -€128,839 | -42.8% |
| Distributable reserves | 133 | €301,300 | €172,461 | -€128,839 | -42.8% |
| Amounts payable | 17/49 | €44,325 | €47,417 | +€3,092 | +7.0% |
| Amounts payable within one year | 42/48 | €44,143 | €47,417 | +€3,275 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,833 | +€5,833 | |
| Trade debts | 44 | €1,864 | €2,123 | +€259 | +13.9% |
| Suppliers | 440/4 | €1,864 | €2,123 | +€259 | +13.9% |
| Taxes, remuneration and social security | 45 | €42,279 | €15,936 | -€26,342 | -62.3% |
| Taxes | 450/3 | €42,279 | €15,936 | -€26,342 | -62.3% |
| Other amounts payable | 47/48 | - | €23,525 | +€23,525 | |
| Accrued charges and deferred income | 492/3 | €183 | - | -€183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,429 | €7,059 | +€630 | +9.8% |
| Other operating charges | 640/8 | €265 | €205 | -€60 | -22.5% |
| Non-recurring operating charges | 66A | - | €512 | +€512 | |
| Gross operating margin | 9900 | €140,648 | €38,801 | -€101,847 | -72.4% |
| Operating profit (loss) | 9901 | €133,954 | €31,025 | -€102,929 | -76.8% |
| Financial income | 75/76B | €205 | €1,654 | +€1,449 | +707.3% |
| Recurring financial income | 75 | €205 | €1,654 | +€1,449 | +707.3% |
| Financial charges | 65/66B | €2,254 | €1,123 | -€1,131 | -50.2% |
| Recurring financial charges | 65 | €2,254 | €1,123 | -€1,131 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €131,904 | €31,556 | -€100,349 | -76.1% |
| Income taxes | 67/77 | €45,301 | €12,408 | -€32,893 | -72.6% |
| Profit (loss) for the period | 9904 | €86,603 | €19,148 | -€67,456 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,603 | €19,148 | -€67,456 | -77.9% |
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 11 October 2026 via checked.be.