Manage IT & Strategy: 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.
Manage IT & Strategy
Largest movements
- Cash -€15,866
down €15,866 (-74.7%), from €21,243 to €5,376
mainly Debts after one year (-€50,000) and Investment in fixed assets (net) (-€26,467)
- Tangible fixed assets +€9,353
up €9,353 (+3.7%), from €251,950 to €261,303
of which Furniture and vehicles: +€18,415
- Receivables within one year +€9,168
up €9,168 (+35.3%), from €25,936 to €35,104
- Profit (loss) carried forward +€58,621
up €58,621 (+29.9%), from €195,765 to €254,386
- Debts after one year -€50,000
no longer reported in 2025 (was €50,000)
- Trade debts -€6,407
down €6,407 (-97.0%), from €6,606 to €198
- Gross operating margin -€18,878
down €18,878 (-15.7%), from €120,113 to €101,234
- Taxes -€7,898
down €7,898 (-35.2%), from €22,448 to €14,550
- Depreciation +€3,877
up €3,877 (+36.1%), from €10,737 to €14,614
- Financial charges -€2,200
down €2,200 (-57.9%), from €3,800 to €1,600
- Financial income -€1,560
down €1,560 (-13.4%), from €11,635 to €10,075
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 | €344,377 | €348,583 | +€4,206 | +1.2% |
| Fixed assets | 21/28 | €296,250 | €308,103 | +€11,853 | +4.0% |
| Tangible fixed assets | 22/27 | €251,950 | €261,303 | +€9,353 | +3.7% |
| Land and buildings | 22 | €247,183 | €238,120 | -€9,062 | -3.7% |
| Furniture and vehicles | 24 | €4,767 | €23,183 | +€18,415 | +386% |
| Financial fixed assets | 28 | €44,300 | €46,800 | +€2,500 | +5.6% |
| Current assets | 29/58 | €48,127 | €40,480 | -€7,647 | -15.9% |
| Amounts receivable within one year | 40/41 | €25,936 | €35,104 | +€9,168 | +35.3% |
| Trade receivables | 40 | €25,936 | €35,104 | +€9,168 | +35.3% |
| Cash at bank and in hand | 54/58 | €21,243 | €5,376 | -€15,866 | -74.7% |
| Deferred charges and accrued income | 490/1 | €949 | - | -€949 | |
| Total equity and liabilities | 10/49 | €344,377 | €348,583 | +€4,206 | +1.2% |
| Equity | 10/15 | €261,225 | €319,846 | +€58,621 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,860 | €46,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,765 | €254,386 | +€58,621 | +29.9% |
| Amounts payable | 17/49 | €83,153 | €28,737 | -€54,416 | -65.4% |
| Amounts payable after more than one year | 17 | €50,000 | - | -€50,000 | |
| Other amounts payable | 178/9 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €33,153 | €28,737 | -€4,416 | -13.3% |
| Trade debts | 44 | €6,606 | €198 | -€6,407 | -97.0% |
| Suppliers | 440/4 | €6,606 | €198 | -€6,407 | -97.0% |
| Taxes, remuneration and social security | 45 | €9,347 | €11,688 | +€2,341 | +25.0% |
| Taxes | 450/3 | €9,347 | €11,688 | +€2,341 | +25.0% |
| Other amounts payable | 47/48 | €17,200 | €16,851 | -€349 | -2.0% |
| Non-recurring operating income | 76A | €3,731 | €3,559 | -€172 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,737 | €14,614 | +€3,877 | +36.1% |
| Other operating charges | 640/8 | €4,693 | €5,907 | +€1,214 | +25.9% |
| Non-recurring operating charges | 66A | €162 | €317 | +€154 | +95.2% |
| Gross operating margin | 9900 | €120,113 | €101,234 | -€18,878 | -15.7% |
| Operating profit (loss) | 9901 | €104,521 | €80,397 | -€24,124 | -23.1% |
| Financial income | 75/76B | €11,635 | €10,075 | -€1,560 | -13.4% |
| Recurring financial income | 75 | €11,635 | €10,075 | -€1,560 | -13.4% |
| Financial charges | 65/66B | €3,800 | €1,600 | -€2,200 | -57.9% |
| Recurring financial charges | 65 | €3,800 | €1,600 | -€2,200 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €112,356 | €88,872 | -€23,484 | -20.9% |
| Income taxes | 67/77 | €22,448 | €14,550 | -€7,898 | -35.2% |
| Profit (loss) for the period | 9904 | €89,907 | €74,321 | -€15,586 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,907 | €74,321 | -€15,586 | -17.3% |
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 23 October 2026 via checked.be.