M1IT: 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.
M1IT
Largest movements
- Cash +€86,035
up €86,035 (+77.9%), from €110,411 to €196,446
mainly Net result for the year (+€84,103) and Receivables within one year (+€10,868)
- Receivables within one year -€10,868
down €10,868 (-26.6%), from €40,912 to €30,045
- Profit (loss) carried forward +€84,103
up €84,103 (+74.2%), from €113,363 to €197,466
- Tax, wage and social debts -€8,280
down €8,280 (-24.2%), from €34,268 to €25,988
of which Taxes: -€8,280
- Gross operating margin +€9,794
up €9,794 (+10.2%), from €95,886 to €105,680
- Taxes +€2,266
up €2,266 (+11.8%), from €19,204 to €21,470
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 | €151,815 | €227,535 | +€75,720 | +49.9% |
| Fixed assets | 21/28 | - | €1,045 | +€1,045 | |
| Tangible fixed assets | 22/27 | - | €1,045 | +€1,045 | |
| Furniture and vehicles | 24 | - | €1,045 | +€1,045 | |
| Current assets | 29/58 | €151,815 | €226,491 | +€74,676 | +49.2% |
| Amounts receivable within one year | 40/41 | €40,912 | €30,045 | -€10,868 | -26.6% |
| Trade receivables | 40 | €40,912 | €30,045 | -€10,868 | -26.6% |
| Cash at bank and in hand | 54/58 | €110,411 | €196,446 | +€86,035 | +77.9% |
| Deferred charges and accrued income | 490/1 | €492 | - | -€492 | |
| Total equity and liabilities | 10/49 | €151,815 | €227,535 | +€75,720 | +49.9% |
| Equity | 10/15 | €115,363 | €199,466 | +€84,103 | +72.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,363 | €197,466 | +€84,103 | +74.2% |
| Amounts payable | 17/49 | €36,452 | €28,069 | -€8,383 | -23.0% |
| Amounts payable within one year | 42/48 | €36,452 | €28,069 | -€8,383 | -23.0% |
| Trade debts | 44 | €607 | €364 | -€243 | -40.1% |
| Suppliers | 440/4 | €607 | €364 | -€243 | -40.1% |
| Taxes, remuneration and social security | 45 | €34,268 | €25,988 | -€8,280 | -24.2% |
| Taxes | 450/3 | €32,058 | €23,778 | -€8,280 | -25.8% |
| Remuneration and social security | 454/9 | €2,210 | €2,210 | = | 0.0% |
| Other amounts payable | 47/48 | €1,578 | €1,718 | +€140 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €39 | +€39 | |
| Other operating charges | 640/8 | €200 | - | -€200 | |
| Gross operating margin | 9900 | €95,886 | €105,680 | +€9,794 | +10.2% |
| Operating profit (loss) | 9901 | €95,686 | €105,641 | +€9,956 | +10.4% |
| Financial charges | 65/66B | €56 | €68 | +€11 | +20.3% |
| Recurring financial charges | 65 | €56 | €68 | +€11 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €95,629 | €105,573 | +€9,944 | +10.4% |
| Income taxes | 67/77 | €19,204 | €21,470 | +€2,266 | +11.8% |
| Profit (loss) for the period | 9904 | €76,425 | €84,103 | +€7,678 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,425 | €84,103 | +€7,678 | +10.0% |
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 30 September 2026 via checked.be.