IT LIVE: 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 LIVE
Largest movements
- Cash -€61,097
down €61,097 (-60.6%), from €100,739 to €39,642
mainly Contributions, distributions and other (-€104,353) and Investment in fixed assets (net) (-€33,067)
- Tangible fixed assets +€19,390
up €19,390 (+11.2%), from €173,590 to €192,980
of which Plant, machinery and equipment: +€30,133
- Reserves -€69,731
down €69,731 (-44.8%), from €155,822 to €86,091
- Other debts +€22,813
up €22,813 (+158.4%), from €14,400 to €37,213
- Debts after one year -€12,171
down €12,171 (-11.8%), from €103,100 to €90,929
- Tax, wage and social debts +€11,095
up €11,095 (+146.8%), from €7,558 to €18,653
of which Taxes: +€14,660
- Trade debts +€5,866
up €5,866 (+407.9%), from €1,438 to €7,304
of which Suppliers: +€6,586
- Gross operating margin -€12,437
down €12,437 (-9.0%), from €138,317 to €125,880
- Taxes -€4,473
down €4,473 (-31.6%), from €14,172 to €9,699
- Staff costs +€4,097
up €4,097 (+7.2%), from €57,174 to €61,271
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 | €293,523 | €252,520 | -€41,003 | -14.0% |
| Fixed assets | 21/28 | €173,770 | €193,160 | +€19,390 | +11.2% |
| Tangible fixed assets | 22/27 | €173,590 | €192,980 | +€19,390 | +11.2% |
| Land and buildings | 22 | €166,116 | €156,761 | -€9,355 | -5.6% |
| Plant, machinery and equipment | 23 | €3,065 | €33,198 | +€30,133 | +983.1% |
| Furniture and vehicles | 24 | €4,409 | €1,536 | -€2,873 | -65.2% |
| Other tangible fixed assets | 26 | - | €1,485 | +€1,485 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €119,753 | €59,360 | -€60,393 | -50.4% |
| Amounts receivable within one year | 40/41 | €18,734 | €17,583 | -€1,151 | -6.1% |
| Trade receivables | 40 | €13,850 | €14,003 | +€153 | +1.1% |
| Other amounts receivable | 41 | €4,884 | €3,580 | -€1,304 | -26.7% |
| Cash at bank and in hand | 54/58 | €100,739 | €39,642 | -€61,097 | -60.6% |
| Deferred charges and accrued income | 490/1 | €280 | €2,135 | +€1,855 | +662.5% |
| Total equity and liabilities | 10/49 | €293,523 | €252,520 | -€41,003 | -14.0% |
| Equity | 10/15 | €157,822 | €88,091 | -€69,731 | -44.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €155,822 | €86,091 | -€69,731 | -44.8% |
| Distributable reserves | 133 | €155,822 | €86,091 | -€69,731 | -44.8% |
| Amounts payable | 17/49 | €135,701 | €164,429 | +€28,728 | +21.2% |
| Amounts payable after more than one year | 17 | €103,100 | €90,929 | -€12,171 | -11.8% |
| Financial debts | 170/4 | €103,100 | €90,929 | -€12,171 | -11.8% |
| Amounts payable within one year | 42/48 | €32,601 | €73,500 | +€40,899 | +125.5% |
| Current portion of amounts payable after more than one year | 42 | €9,205 | €10,330 | +€1,125 | +12.2% |
| Trade debts | 44 | €1,438 | €7,304 | +€5,866 | +407.9% |
| Suppliers | 440/4 | €718 | €7,304 | +€6,586 | +917.3% |
| Bills of exchange payable | 441 | €720 | - | -€720 | |
| Taxes, remuneration and social security | 45 | €7,558 | €18,653 | +€11,095 | +146.8% |
| Taxes | 450/3 | €3,993 | €18,653 | +€14,660 | +367.1% |
| Remuneration and social security | 454/9 | €3,565 | - | -€3,565 | |
| Other amounts payable | 47/48 | €14,400 | €37,213 | +€22,813 | +158.4% |
| Remuneration, social security and pensions | 62 | €57,174 | €61,271 | +€4,097 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,771 | €13,677 | +€906 | +7.1% |
| Other operating charges | 640/8 | €3,144 | €3,487 | +€343 | +10.9% |
| Gross operating margin | 9900 | €138,317 | €125,880 | -€12,437 | -9.0% |
| Operating profit (loss) | 9901 | €65,228 | €47,445 | -€17,783 | -27.3% |
| Financial income | 75/76B | €310 | €311 | +€1 | +0.3% |
| Recurring financial income | 75 | €310 | €311 | +€1 | +0.3% |
| Financial charges | 65/66B | €3,217 | €3,435 | +€218 | +6.8% |
| Recurring financial charges | 65 | €3,025 | €3,435 | +€410 | +13.6% |
| Non-recurring financial charges | 66B | €192 | - | -€192 | |
| Profit (loss) for the period before taxes | 9903 | €62,321 | €44,321 | -€18,000 | -28.9% |
| Income taxes | 67/77 | €14,172 | €9,699 | -€4,473 | -31.6% |
| Profit (loss) for the period | 9904 | €48,149 | €34,622 | -€13,527 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,149 | €34,622 | -€13,527 | -28.1% |
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.