IT-RESULT: what changed
IT-RESULT
Largest movements
- Cash +€122,545
up €122,545 (+415%), from €29,496 to €152,042
mainly Current investments (+€100,000) and Receivables within one year (+€36,881)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€43,339
up €43,339 (+697%), from €6,221 to €49,559
of which Furniture and vehicles: +€43,839
- Receivables within one year -€36,881
down €36,881 (-42.4%), from €87,027 to €50,146
of which Trade receivables: -€37,810
- Reserves +€93,900
up €93,900 (+96.8%), from €96,956 to €190,856
of which Distributable reserves: +€93,900
- Profit (loss) carried forward -€88,281
no longer reported in 2025 (was €88,281)
- Debts after one year +€20,035
new in 2025: €20,035
- Current portion of long-term debt +€15,505
up €15,505 (+1,459%), from €1,062 to €16,567
- Tax, wage and social debts -€10,531
down €10,531 (-67.8%), from €15,537 to €5,006
of which Taxes: -€10,549
- Gross operating margin -€50,666
down €50,666 (-58.6%), from €86,440 to €35,774
- Taxes -€11,177
down €11,177 (-85.7%), from €13,047 to €1,870
- Depreciation +€8,226
up €8,226 (+355%), from €2,314 to €10,541
- Financial charges +€1,133
up €1,133 (+195%), from €580 to €1,713
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 | €222,826 | €252,768 | +€29,941 | +13.4% |
| Fixed assets | 21/28 | €6,221 | €49,559 | +€43,339 | +697% |
| Tangible fixed assets | 22/27 | €6,221 | €49,559 | +€43,339 | +697% |
| Plant, machinery and equipment | 23 | €4,523 | €4,023 | -€500 | -11.1% |
| Furniture and vehicles | 24 | €1,697 | €45,536 | +€43,839 | +2,583% |
| Current assets | 29/58 | €216,606 | €203,208 | -€13,397 | -6.2% |
| Amounts receivable within one year | 40/41 | €87,027 | €50,146 | -€36,881 | -42.4% |
| Trade receivables | 40 | €71,570 | €33,760 | -€37,810 | -52.8% |
| Other amounts receivable | 41 | €15,458 | €16,387 | +€929 | +6.0% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €29,496 | €152,042 | +€122,545 | +415% |
| Deferred charges and accrued income | 490/1 | €82 | €1,020 | +€938 | +1,142% |
| Total equity and liabilities | 10/49 | €222,826 | €252,768 | +€29,941 | +13.4% |
| Equity | 10/15 | €203,838 | €209,456 | +€5,619 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,956 | €190,856 | +€93,900 | +96.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €95,096 | €188,996 | +€93,900 | +98.7% |
| Profit (loss) carried forward | 14 | €88,281 | - | -€88,281 | |
| Amounts payable | 17/49 | €18,989 | €43,311 | +€24,322 | +128% |
| Amounts payable after more than one year | 17 | - | €20,035 | +€20,035 | |
| Financial debts | 170/4 | - | €20,035 | +€20,035 | |
| Amounts payable within one year | 42/48 | €18,989 | €23,277 | +€4,288 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €1,062 | €16,567 | +€15,505 | +1,459% |
| Trade debts | 44 | €2,389 | €1,704 | -€686 | -28.7% |
| Suppliers | 440/4 | €2,389 | €1,704 | -€686 | -28.7% |
| Taxes, remuneration and social security | 45 | €15,537 | €5,006 | -€10,531 | -67.8% |
| Taxes | 450/3 | €12,420 | €1,870 | -€10,549 | -84.9% |
| Remuneration and social security | 454/9 | €3,117 | €3,135 | +€18 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,314 | €10,541 | +€8,226 | +355% |
| Other operating charges | 640/8 | €16,069 | €16,149 | +€80 | +0.5% |
| Non-recurring operating charges | 66A | €5,000 | €1,298 | -€3,702 | -74.0% |
| Gross operating margin | 9900 | €86,440 | €35,774 | -€50,666 | -58.6% |
| Operating profit (loss) | 9901 | €63,056 | €7,786 | -€55,270 | -87.7% |
| Financial income | 75/76B | €1,736 | €1,417 | -€319 | -18.4% |
| Recurring financial income | 75 | €1,736 | €1,417 | -€319 | -18.4% |
| Financial charges | 65/66B | €580 | €1,713 | +€1,133 | +195% |
| Recurring financial charges | 65 | €580 | €1,713 | +€1,133 | +195% |
| Profit (loss) for the period before taxes | 9903 | €64,211 | €7,489 | -€56,722 | -88.3% |
| Income taxes | 67/77 | €13,047 | €1,870 | -€11,177 | -85.7% |
| Profit (loss) for the period | 9904 | €51,164 | €5,619 | -€45,545 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,164 | €5,619 | -€45,545 | -89.0% |
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 2 November 2026 via checked.be.