IV PT: 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.
IV PT
Largest movements
- Receivables within one year +€44,513
up €44,513 (+84.3%), from €52,815 to €97,328
of which Other amounts receivable: +€59,119
- Cash -€34,852
down €34,852 (-82.4%), from €42,317 to €7,465
mainly Receivables within one year (-€44,513) and Investment in fixed assets (net) (-€5,436)
- Tangible fixed assets +€4,345
up €4,345 (+318.7%), from €1,363 to €5,708
of which Furniture and vehicles: +€4,847
- Reserves +€20,392
up €20,392 (+27.0%), from €75,570 to €95,962
- Trade debts -€4,826
down €4,826 (-63.0%), from €7,661 to €2,835
- Gross operating margin +€16,905
up €16,905 (+136.4%), from €12,392 to €29,297
- Taxes +€3,003
up €3,003 (+114.4%), from €2,624 to €5,626
- Depreciation +€950
up €950 (+671.1%), from €142 to €1,091
- Other operating charges +€426
up €426 (+53.7%), from €792 to €1,217
- Financial income -€363
down €363 (-100.0%), from €363 to €0
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 | €96,526 | €111,501 | +€14,975 | +15.5% |
| Fixed assets | 21/28 | €1,363 | €5,708 | +€4,345 | +318.7% |
| Tangible fixed assets | 22/27 | €1,363 | €5,708 | +€4,345 | +318.7% |
| Plant, machinery and equipment | 23 | €1,363 | €862 | -€502 | -36.8% |
| Furniture and vehicles | 24 | - | €4,847 | +€4,847 | |
| Current assets | 29/58 | €95,162 | €105,793 | +€10,630 | +11.2% |
| Amounts receivable within one year | 40/41 | €52,815 | €97,328 | +€44,513 | +84.3% |
| Trade receivables | 40 | €43,487 | €28,881 | -€14,606 | -33.6% |
| Other amounts receivable | 41 | €9,328 | €68,447 | +€59,119 | +633.8% |
| Cash at bank and in hand | 54/58 | €42,317 | €7,465 | -€34,852 | -82.4% |
| Deferred charges and accrued income | 490/1 | €30 | €1,000 | +€970 | +3238.9% |
| Total equity and liabilities | 10/49 | €96,526 | €111,501 | +€14,975 | +15.5% |
| Equity | 10/15 | €78,070 | €98,462 | +€20,392 | +26.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €75,570 | €95,962 | +€20,392 | +27.0% |
| Distributable reserves | 133 | €75,570 | €95,962 | +€20,392 | +27.0% |
| Amounts payable | 17/49 | €18,456 | €13,039 | -€5,417 | -29.3% |
| Amounts payable within one year | 42/48 | €18,456 | €13,039 | -€5,417 | -29.3% |
| Financial debts | 43 | €2,281 | €2,021 | -€260 | -11.4% |
| Credit institutions | 430/8 | €2,281 | €2,021 | -€260 | -11.4% |
| Trade debts | 44 | €7,661 | €2,835 | -€4,826 | -63.0% |
| Suppliers | 440/4 | €7,661 | €2,835 | -€4,826 | -63.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,514 | €8,184 | -€330 | -3.9% |
| Taxes | 450/3 | €8,514 | €8,184 | -€330 | -3.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142 | €1,091 | +€950 | +671.1% |
| Other operating charges | 640/8 | €792 | €1,217 | +€426 | +53.7% |
| Non-recurring operating charges | 66A | €843 | €0 | -€843 | -100.0% |
| Gross operating margin | 9900 | €12,392 | €29,297 | +€16,905 | +136.4% |
| Operating profit (loss) | 9901 | €10,616 | €26,988 | +€16,372 | +154.2% |
| Financial income | 75/76B | €363 | €0 | -€363 | -100.0% |
| Recurring financial income | 75 | €363 | €0 | -€363 | -100.0% |
| Financial charges | 65/66B | €1,176 | €970 | -€207 | -17.6% |
| Recurring financial charges | 65 | €1,176 | €970 | -€207 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €9,802 | €26,018 | +€16,216 | +165.4% |
| Income taxes | 67/77 | €2,624 | €5,626 | +€3,003 | +114.4% |
| Profit (loss) for the period | 9904 | €7,179 | €20,392 | +€13,213 | +184.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,179 | €20,392 | +€13,213 | +184.1% |
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 12 October 2026 via checked.be.