More A.I.: 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.
More A.I.
Largest movements
- Intangible fixed assets -€26,000
down €26,000 (-28.6%), from €91,000 to €65,000
- Tangible fixed assets -€5,901
down €5,901 (-15.0%), from €39,340 to €33,439
of which Furniture and vehicles: -€3,041
- Cash +€5,004
up €5,004 (+80.1%), from €6,245 to €11,249
mainly Depreciation (+€33,894) and Tax, wage and social debts (+€2,518)
- Debts after one year -€30,907
down €30,907 (-24.6%), from €125,599 to €94,691
- Gross operating margin -€37,342
down €37,342 (-47.7%), from €78,362 to €41,021
- Taxes -€8,625
down €8,625 (-82.4%), from €10,465 to €1,840
- Other operating charges +€1,637
up €1,637 (+187%), from €876 to €2,514
- Depreciation +€1,093
up €1,093 (+3.3%), from €32,801 to €33,894
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 | €379,038 | €350,015 | -€29,023 | -7.7% |
| Fixed assets | 21/28 | €130,340 | €98,439 | -€31,901 | -24.5% |
| Intangible fixed assets | 21 | €91,000 | €65,000 | -€26,000 | -28.6% |
| Tangible fixed assets | 22/27 | €39,340 | €33,439 | -€5,901 | -15.0% |
| Land and buildings | 22 | €10,792 | €10,434 | -€357 | -3.3% |
| Plant, machinery and equipment | 23 | €17,831 | €15,328 | -€2,503 | -14.0% |
| Furniture and vehicles | 24 | €10,718 | €7,677 | -€3,041 | -28.4% |
| Current assets | 29/58 | €248,698 | €251,576 | +€2,878 | +1.2% |
| Amounts receivable within one year | 40/41 | €237,724 | €236,175 | -€1,549 | -0.7% |
| Trade receivables | 40 | €132,042 | €87,733 | -€44,309 | -33.6% |
| Other amounts receivable | 41 | €105,682 | €148,442 | +€42,760 | +40.5% |
| Cash at bank and in hand | 54/58 | €6,245 | €11,249 | +€5,004 | +80.1% |
| Deferred charges and accrued income | 490/1 | €4,730 | €4,153 | -€577 | -12.2% |
| Total equity and liabilities | 10/49 | €379,038 | €350,015 | -€29,023 | -7.7% |
| Equity | 10/15 | €181,418 | €182,293 | +€875 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,818 | €163,693 | +€875 | +0.5% |
| Distributable reserves | 133 | €162,818 | €163,693 | +€875 | +0.5% |
| Amounts payable | 17/49 | €197,620 | €167,723 | -€29,898 | -15.1% |
| Amounts payable after more than one year | 17 | €125,599 | €94,691 | -€30,907 | -24.6% |
| Financial debts | 170/4 | €125,599 | €94,691 | -€30,907 | -24.6% |
| Amounts payable within one year | 42/48 | €72,021 | €73,031 | +€1,010 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €30,537 | €30,907 | +€370 | +1.2% |
| Trade debts | 44 | €21,809 | €19,545 | -€2,264 | -10.4% |
| Suppliers | 440/4 | €21,809 | €19,545 | -€2,264 | -10.4% |
| Taxes, remuneration and social security | 45 | €19,676 | €22,194 | +€2,518 | +12.8% |
| Taxes | 450/3 | €18,533 | €22,194 | +€3,661 | +19.8% |
| Remuneration and social security | 454/9 | €1,143 | €0 | -€1,143 | -100% |
| Other amounts payable | 47/48 | €0 | €385 | +€385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,801 | €33,894 | +€1,093 | +3.3% |
| Other operating charges | 640/8 | €876 | €2,514 | +€1,637 | +187% |
| Gross operating margin | 9900 | €78,362 | €41,021 | -€37,342 | -47.7% |
| Operating profit (loss) | 9901 | €44,685 | €4,613 | -€40,072 | -89.7% |
| Financial income | 75/76B | €102 | €26 | -€76 | -74.5% |
| Recurring financial income | 75 | €102 | €26 | -€76 | -74.5% |
| Financial charges | 65/66B | €2,301 | €1,924 | -€377 | -16.4% |
| Recurring financial charges | 65 | €2,301 | €1,924 | -€377 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €42,486 | €2,715 | -€39,771 | -93.6% |
| Income taxes | 67/77 | €10,465 | €1,840 | -€8,625 | -82.4% |
| Profit (loss) for the period | 9904 | €32,020 | €875 | -€31,145 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,020 | €875 | -€31,145 | -97.3% |
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 20 October 2026 via checked.be.