IUS2THINK: 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.
IUS2THINK
Largest movements
- Cash -€44,680
down €44,680 (-40.7%), from €109,679 to €65,000
mainly Other debts (-€68,194) and Receivables within one year (-€15,296)
- Receivables within one year +€15,296
up €15,296 (+54.8%), from €27,924 to €43,220
of which Trade receivables: +€15,851
- Tangible fixed assets -€1,521
down €1,521 (-25.9%), from €5,867 to €4,346
of which Plant, machinery and equipment: -€5,867
- Other debts -€68,194
down €68,194 (-62.4%), from €109,225 to €41,032
- Reserves +€44,231
up €44,231, from €0 to €44,231
- Trade debts -€5,119
down €5,119 (-73.0%), from €7,007 to €1,888
- Provisions -€3,500
down €3,500 (-100%), from €3,500 to €0
- Tax, wage and social debts +€1,621
up €1,621 (+14.0%), from €11,541 to €13,162
- Gross operating margin -€75,524
down €75,524 (-52.6%), from €143,563 to €68,039
- Taxes -€13,784
down €13,784 (-42.4%), from €32,488 to €18,704
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 | €149,874 | €118,956 | -€30,917 | -20.6% |
| Fixed assets | 21/28 | €6,699 | €5,178 | -€1,521 | -22.7% |
| Tangible fixed assets | 22/27 | €5,867 | €4,346 | -€1,521 | -25.9% |
| Plant, machinery and equipment | 23 | €5,867 | - | -€5,867 | |
| Furniture and vehicles | 24 | - | €4,346 | +€4,346 | |
| Financial fixed assets | 28 | €832 | €832 | = | 0.0% |
| Current assets | 29/58 | €143,175 | €113,778 | -€29,397 | -20.5% |
| Amounts receivable within one year | 40/41 | €27,924 | €43,220 | +€15,296 | +54.8% |
| Trade receivables | 40 | €27,369 | €43,220 | +€15,851 | +57.9% |
| Other amounts receivable | 41 | €556 | €0 | -€556 | -100% |
| Cash at bank and in hand | 54/58 | €109,679 | €65,000 | -€44,680 | -40.7% |
| Deferred charges and accrued income | 490/1 | €5,571 | €5,559 | -€13 | -0.2% |
| Total equity and liabilities | 10/49 | €149,874 | €118,956 | -€30,917 | -20.6% |
| Equity | 10/15 | €18,600 | €62,831 | +€44,231 | +238% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €44,231 | +€44,231 | |
| Distributable reserves | 133 | €0 | €44,231 | +€44,231 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €3,500 | €0 | -€3,500 | -100% |
| Provisions for liabilities and charges | 160/5 | €3,500 | €0 | -€3,500 | -100% |
| Other liabilities and charges | 164/5 | €3,500 | €0 | -€3,500 | -100% |
| Amounts payable | 17/49 | €127,774 | €56,125 | -€71,649 | -56.1% |
| Amounts payable within one year | 42/48 | €127,774 | €56,082 | -€71,692 | -56.1% |
| Trade debts | 44 | €7,007 | €1,888 | -€5,119 | -73.0% |
| Suppliers | 440/4 | €7,007 | €1,888 | -€5,119 | -73.0% |
| Taxes, remuneration and social security | 45 | €11,541 | €13,162 | +€1,621 | +14.0% |
| Taxes | 450/3 | €11,541 | €13,162 | +€1,621 | +14.0% |
| Other amounts payable | 47/48 | €109,225 | €41,032 | -€68,194 | -62.4% |
| Accrued charges and deferred income | 492/3 | - | €43 | +€43 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,513 | €1,521 | +€7 | +0.5% |
| Other operating charges | 640/8 | €1,093 | €553 | -€540 | -49.4% |
| Gross operating margin | 9900 | €143,563 | €68,039 | -€75,524 | -52.6% |
| Operating profit (loss) | 9901 | €140,957 | €65,966 | -€74,991 | -53.2% |
| Financial income | 75/76B | €146 | €273 | +€127 | +87.4% |
| Recurring financial income | 75 | €146 | €273 | +€127 | +87.4% |
| Financial charges | 65/66B | €4,574 | €3,304 | -€1,270 | -27.8% |
| Recurring financial charges | 65 | €4,574 | €3,304 | -€1,270 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €136,530 | €62,936 | -€73,594 | -53.9% |
| Income taxes | 67/77 | €32,488 | €18,704 | -€13,784 | -42.4% |
| Profit (loss) for the period | 9904 | €104,042 | €44,231 | -€59,810 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €104,042 | €44,231 | -€59,810 | -57.5% |
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 18 October 2026 via checked.be.