Iter Legis: what changed
Two fiscal 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.
Iter Legis
Largest movements
- Cash -€34,816
down €34,816 (-78.4%), from €44,421 to €9,605
mainly Contributions, distributions and other (-€126,863) and Other debts (-€43,398)
- Receivables after one year -€33,076
no longer reported in 2025 (was €33,076)
- Tangible fixed assets +€10,162
up €10,162 (+264.3%), from €3,844 to €14,006
of which Other tangible fixed assets: +€8,349
- Other debts -€43,398
down €43,398 (-86.3%), from €50,262 to €6,863
- Debts after one year -€10,000
down €10,000 (-11.8%), from €85,000 to €75,000
- Tax, wage and social debts -€7,892
down €7,892 (-92.1%), from €8,566 to €674
- Gross operating margin +€38,510
up €38,510 (+29.8%), from €129,125 to €167,635
- Taxes -€9,083
down €9,083 (-20.0%), from €45,337 to €36,254
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 | €356,508 | €296,212 | -€60,296 | -16.9% |
| Fixed assets | 21/28 | €272,895 | €283,057 | +€10,162 | +3.7% |
| Tangible fixed assets | 22/27 | €3,844 | €14,006 | +€10,162 | +264.3% |
| Plant, machinery and equipment | 23 | €1,343 | €1,102 | -€242 | -18.0% |
| Furniture and vehicles | 24 | €2,501 | €4,555 | +€2,054 | +82.1% |
| Other tangible fixed assets | 26 | - | €8,349 | +€8,349 | |
| Financial fixed assets | 28 | €269,051 | €269,051 | = | 0.0% |
| Current assets | 29/58 | €83,612 | €13,155 | -€70,457 | -84.3% |
| Amounts receivable after more than one year | 29 | €33,076 | - | -€33,076 | |
| Other amounts receivable | 291 | €33,076 | - | -€33,076 | |
| Amounts receivable within one year | 40/41 | €5,135 | €1,839 | -€3,296 | -64.2% |
| Trade receivables | 40 | - | €141 | +€141 | |
| Other amounts receivable | 41 | €5,135 | €1,698 | -€3,437 | -66.9% |
| Cash at bank and in hand | 54/58 | €44,421 | €9,605 | -€34,816 | -78.4% |
| Deferred charges and accrued income | 490/1 | €980 | €1,711 | +€731 | +74.6% |
| Total equity and liabilities | 10/49 | €356,508 | €296,212 | -€60,296 | -16.9% |
| Equity | 10/15 | €201,545 | €201,545 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €200,045 | €200,045 | = | 0.0% |
| Distributable reserves | 133 | €200,045 | €200,045 | = | 0.0% |
| Amounts payable | 17/49 | €154,963 | €94,667 | -€60,296 | -38.9% |
| Amounts payable after more than one year | 17 | €85,000 | €75,000 | -€10,000 | -11.8% |
| Financial debts | 170/4 | €85,000 | €75,000 | -€10,000 | -11.8% |
| Amounts payable within one year | 42/48 | €69,963 | €19,667 | -€50,296 | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €1,135 | €2,130 | +€995 | +87.7% |
| Suppliers | 440/4 | €1,135 | €2,130 | +€995 | +87.7% |
| Taxes, remuneration and social security | 45 | €8,566 | €674 | -€7,892 | -92.1% |
| Taxes | 450/3 | €8,566 | €674 | -€7,892 | -92.1% |
| Other amounts payable | 47/48 | €50,262 | €6,863 | -€43,398 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,548 | €1,265 | -€1,284 | -50.4% |
| Other operating charges | 640/8 | €554 | €1,389 | +€834 | +150.5% |
| Gross operating margin | 9900 | €129,125 | €167,635 | +€38,510 | +29.8% |
| Operating profit (loss) | 9901 | €126,022 | €164,982 | +€38,959 | +30.9% |
| Financial income | 75/76B | €2,268 | €1,110 | -€1,157 | -51.0% |
| Recurring financial income | 75 | €2,268 | €1,110 | -€1,157 | -51.0% |
| Financial charges | 65/66B | €1,698 | €2,975 | +€1,277 | +75.2% |
| Recurring financial charges | 65 | €1,698 | €2,975 | +€1,277 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | €126,593 | €163,117 | +€36,525 | +28.9% |
| Income taxes | 67/77 | €45,337 | €36,254 | -€9,083 | -20.0% |
| Profit (loss) for the period | 9904 | €81,255 | €126,863 | +€45,608 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,255 | €126,863 | +€45,608 | +56.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.