IT MATTERS: what changed
IT MATTERS
Largest movements
- Current investments +€40,000
up €40,000 (+129%), from €30,965 to €70,965
- Tangible fixed assets -€11,879
down €11,879 (-30.3%), from €39,229 to €27,350
of which Furniture and vehicles: -€9,053
- Cash +€4,297
up €4,297 (+3.6%), from €119,470 to €123,767
mainly Net result for the year (+€40,507) and Depreciation (+€11,879)
- Reserves +€21,000
up €21,000 (+17.8%), from €118,159 to €139,159
of which Distributable reserves: +€21,000
- Other debts +€7,000
up €7,000 (+58.3%), from €12,000 to €19,000
- Tax, wage and social debts +€4,813
up €4,813 (+62.2%), from €7,740 to €12,553
- Gross operating margin +€15,859
up €15,859 (+31.7%), from €50,021 to €65,880
- Taxes +€4,485
up €4,485 (+41.4%), from €10,822 to €15,307
- Financial income +€848
up €848 (+60.0%), from €1,414 to €2,262
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,642 | €237,472 | +€32,830 | +16.0% |
| Fixed assets | 21/28 | €39,229 | €27,350 | -€11,879 | -30.3% |
| Tangible fixed assets | 22/27 | €39,229 | €27,350 | -€11,879 | -30.3% |
| Plant, machinery and equipment | 23 | €6,790 | €3,964 | -€2,826 | -41.6% |
| Furniture and vehicles | 24 | €32,439 | €23,386 | -€9,053 | -27.9% |
| Current assets | 29/58 | €165,413 | €210,122 | +€44,709 | +27.0% |
| Amounts receivable within one year | 40/41 | €14,156 | €13,975 | -€181 | -1.3% |
| Trade receivables | 40 | €13,617 | €13,975 | +€358 | +2.6% |
| Other amounts receivable | 41 | €539 | - | -€539 | |
| Current investments | 50/53 | €30,965 | €70,965 | +€40,000 | +129% |
| Cash at bank and in hand | 54/58 | €119,470 | €123,767 | +€4,297 | +3.6% |
| Deferred charges and accrued income | 490/1 | €822 | €1,415 | +€593 | +72.1% |
| Total equity and liabilities | 10/49 | €204,642 | €237,472 | +€32,830 | +16.0% |
| Equity | 10/15 | €183,890 | €205,397 | +€21,507 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,159 | €139,159 | +€21,000 | +17.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €116,300 | €137,300 | +€21,000 | +18.1% |
| Profit (loss) carried forward | 14 | €47,131 | €47,638 | +€507 | +1.1% |
| Amounts payable | 17/49 | €20,752 | €32,075 | +€11,323 | +54.6% |
| Amounts payable within one year | 42/48 | €20,752 | €32,075 | +€11,323 | +54.6% |
| Trade debts | 44 | €1,012 | €522 | -€490 | -48.4% |
| Suppliers | 440/4 | €1,012 | €522 | -€490 | -48.4% |
| Taxes, remuneration and social security | 45 | €7,740 | €12,553 | +€4,813 | +62.2% |
| Taxes | 450/3 | €7,740 | €12,553 | +€4,813 | +62.2% |
| Other amounts payable | 47/48 | €12,000 | €19,000 | +€7,000 | +58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,634 | €11,879 | +€245 | +2.1% |
| Other operating charges | 640/8 | €487 | €359 | -€128 | -26.3% |
| Gross operating margin | 9900 | €50,021 | €65,880 | +€15,859 | +31.7% |
| Operating profit (loss) | 9901 | €37,900 | €53,642 | +€15,742 | +41.5% |
| Financial income | 75/76B | €1,414 | €2,262 | +€848 | +60.0% |
| Recurring financial income | 75 | €1,414 | €2,262 | +€848 | +60.0% |
| Financial charges | 65/66B | €90 | €90 | = | 0.0% |
| Recurring financial charges | 65 | €90 | €90 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €39,224 | €55,814 | +€16,590 | +42.3% |
| Income taxes | 67/77 | €10,822 | €15,307 | +€4,485 | +41.4% |
| Profit (loss) for the period | 9904 | €28,402 | €40,507 | +€12,105 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,402 | €40,507 | +€12,105 | +42.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.