IV T: 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 T
Largest movements
- Current investments +€57,915
up €57,915 (+43.8%), from €132,280 to €190,195
- Cash +€16,541
up €16,541 (+6.1%), from €269,612 to €286,154
mainly Net result for the year (+€149,862) and Other debts (+€79,960)
- Other debts +€79,960
up €79,960 (+84.1%), from €95,083 to €175,044
- Taxes -€6,309
down €6,309 (-13.2%), from €47,952 to €41,643
- Financial income +€4,956
up €4,956 (+213%), from €2,331 to €7,287
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 | €422,538 | €499,978 | +€77,440 | +18.3% |
| Fixed assets | 21/28 | €5,145 | €4,691 | -€454 | -8.8% |
| Tangible fixed assets | 22/27 | €5,145 | €4,691 | -€454 | -8.8% |
| Plant, machinery and equipment | 23 | - | €1,492 | +€1,492 | |
| Furniture and vehicles | 24 | €5,145 | €3,198 | -€1,947 | -37.8% |
| Current assets | 29/58 | €417,393 | €495,287 | +€77,894 | +18.7% |
| Amounts receivable within one year | 40/41 | €8,992 | €13,278 | +€4,287 | +47.7% |
| Trade receivables | 40 | €8,063 | €6,313 | -€1,750 | -21.7% |
| Other amounts receivable | 41 | €928 | €6,965 | +€6,037 | +650% |
| Current investments | 50/53 | €132,280 | €190,195 | +€57,915 | +43.8% |
| Cash at bank and in hand | 54/58 | €269,612 | €286,154 | +€16,541 | +6.1% |
| Deferred charges and accrued income | 490/1 | €6,509 | €5,660 | -€849 | -13.0% |
| Total equity and liabilities | 10/49 | €422,538 | €499,978 | +€77,440 | +18.3% |
| Equity | 10/15 | €318,298 | €318,298 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Revaluation surpluses | 12 | €20,809 | €20,809 | = | 0.0% |
| Reserves | 13 | €293,489 | €293,489 | = | 0.0% |
| Distributable reserves | 133 | €293,489 | €293,489 | = | 0.0% |
| Amounts payable | 17/49 | €104,240 | €181,679 | +€77,440 | +74.3% |
| Amounts payable within one year | 42/48 | €104,240 | €181,679 | +€77,440 | +74.3% |
| Trade debts | 44 | €8,204 | €6,636 | -€1,568 | -19.1% |
| Suppliers | 440/4 | €8,204 | €6,636 | -€1,568 | -19.1% |
| Taxes, remuneration and social security | 45 | €952 | - | -€952 | |
| Taxes | 450/3 | €952 | - | -€952 | |
| Other amounts payable | 47/48 | €95,083 | €175,044 | +€79,960 | +84.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,947 | €2,087 | +€140 | +7.2% |
| Other operating charges | 640/8 | €1,076 | €1,876 | +€800 | +74.3% |
| Gross operating margin | 9900 | €187,044 | €188,651 | +€1,607 | +0.9% |
| Operating profit (loss) | 9901 | €184,021 | €184,688 | +€667 | +0.4% |
| Financial income | 75/76B | €2,331 | €7,287 | +€4,956 | +213% |
| Recurring financial income | 75 | €2,331 | €7,287 | +€4,956 | +213% |
| Financial charges | 65/66B | €596 | €469 | -€127 | -21.3% |
| Recurring financial charges | 65 | €596 | €469 | -€127 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €185,755 | €191,505 | +€5,750 | +3.1% |
| Income taxes | 67/77 | €47,952 | €41,643 | -€6,309 | -13.2% |
| Profit (loss) for the period | 9904 | €137,803 | €149,862 | +€12,059 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,803 | €149,862 | +€12,059 | +8.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.