ITEM-S: 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.
ITEM-S
Largest movements
- Deferred charges and accrued income +€37,433
up €37,433 (+1,134%), from €3,301 to €40,734
- Financial fixed assets +€25,000
new in 2025: €25,000
- Cash -€19,562
down €19,562 (-80.3%), from €24,370 to €4,808
mainly Investment in fixed assets (net) (-€46,627) and Deferred charges and accrued income (-€37,433)
- Tangible fixed assets +€7,920
up €7,920 (+11.1%), from €71,083 to €79,003
of which Furniture and vehicles: +€5,218
- Receivables within one year +€7,097
up €7,097 (+586%), from €1,212 to €8,309
of which Trade receivables: +€3,868
- Other debts +€46,629
up €46,629 (+35.0%), from €133,109 to €179,738
- Advances received +€4,820
up €4,820, from €0 to €4,820
- Tax, wage and social debts +€3,026
up €3,026 (+132%), from €2,297 to €5,323
- Profit (loss) carried forward +€1,828
up €1,828 (+2.4%), from -€77,004 to -€75,176
- Trade debts +€1,586
up €1,586 (+172%), from €922 to €2,508
- Gross operating margin +€9,673
up €9,673 (+73.7%), from €13,128 to €22,800
- Depreciation +€3,126
up €3,126 (+29.5%), from €10,581 to €13,707
- Other operating charges +€2,379
up €2,379 (+83.9%), from €2,837 to €5,217
- Financial charges +€1,355
up €1,355 (+667%), from €203 to €1,558
- Taxes +€1,118
new in 2025: €1,118
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 | €99,966 | €157,854 | +€57,889 | +57.9% |
| Fixed assets | 21/28 | €71,083 | €104,003 | +€32,920 | +46.3% |
| Tangible fixed assets | 22/27 | €71,083 | €79,003 | +€7,920 | +11.1% |
| Land and buildings | 22 | €68,124 | €69,907 | +€1,783 | +2.6% |
| Plant, machinery and equipment | 23 | €1,325 | €2,245 | +€920 | +69.4% |
| Furniture and vehicles | 24 | €1,633 | €6,851 | +€5,218 | +319% |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €28,883 | €53,851 | +€24,968 | +86.4% |
| Amounts receivable within one year | 40/41 | €1,212 | €8,309 | +€7,097 | +586% |
| Trade receivables | 40 | €452 | €4,319 | +€3,868 | +856% |
| Other amounts receivable | 41 | €760 | €3,990 | +€3,230 | +425% |
| Cash at bank and in hand | 54/58 | €24,370 | €4,808 | -€19,562 | -80.3% |
| Deferred charges and accrued income | 490/1 | €3,301 | €40,734 | +€37,433 | +1,134% |
| Total equity and liabilities | 10/49 | €99,966 | €157,854 | +€57,889 | +57.9% |
| Equity | 10/15 | -€36,362 | -€34,534 | +€1,828 | +5.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €21,641 | €21,641 | = | 0.0% |
| Distributable reserves | 133 | €21,641 | €21,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,004 | -€75,176 | +€1,828 | +2.4% |
| Amounts payable | 17/49 | €136,328 | €192,388 | +€56,060 | +41.1% |
| Amounts payable within one year | 42/48 | €136,328 | €192,388 | +€56,060 | +41.1% |
| Trade debts | 44 | €922 | €2,508 | +€1,586 | +172% |
| Suppliers | 440/4 | €922 | €2,508 | +€1,586 | +172% |
| Advances received on contracts in progress | 46 | €0 | €4,820 | +€4,820 | |
| Taxes, remuneration and social security | 45 | €2,297 | €5,323 | +€3,026 | +132% |
| Taxes | 450/3 | €2,297 | €5,323 | +€3,026 | +132% |
| Other amounts payable | 47/48 | €133,109 | €179,738 | +€46,629 | +35.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,581 | €13,707 | +€3,126 | +29.5% |
| Other operating charges | 640/8 | €2,837 | €5,217 | +€2,379 | +83.9% |
| Gross operating margin | 9900 | €13,128 | €22,800 | +€9,673 | +73.7% |
| Operating profit (loss) | 9901 | -€290 | €3,877 | +€4,167 | |
| Financial income | 75/76B | €108 | €628 | +€519 | +480% |
| Recurring financial income | 75 | €108 | €628 | +€519 | +480% |
| Financial charges | 65/66B | €203 | €1,558 | +€1,355 | +667% |
| Recurring financial charges | 65 | €203 | €1,558 | +€1,355 | +667% |
| Profit (loss) for the period before taxes | 9903 | -€385 | €2,946 | +€3,332 | |
| Income taxes | 67/77 | - | €1,118 | +€1,118 | |
| Profit (loss) for the period | 9904 | -€385 | €1,828 | +€2,214 | |
| Profit (loss) for the period to be appropriated | 9905 | -€385 | €1,828 | +€2,214 |
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 23 October 2026 via checked.be.