Q - IT: 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.
Q - IT
Largest movements
- Receivables within one year +€40,032
up €40,032 (+85.5%), from €46,804 to €86,836
of which Trade receivables: +€45,494
- Tangible fixed assets +€20,989
up €20,989 (+55.5%), from €37,814 to €58,803
of which Other tangible fixed assets: +€15,578
- Cash -€15,646
down €15,646 (-10.0%), from €156,205 to €140,559
mainly Contributions, distributions and other (-€119,574) and Receivables within one year (-€40,032)
- Deferred charges and accrued income -€4,221
down €4,221 (-68.6%), from €6,153 to €1,932
- Other debts +€88,466
up €88,466 (+284.4%), from €31,108 to €119,574
- Reserves -€62,119
down €62,119 (-32.0%), from €194,169 to €132,050
of which Distributable reserves: -€62,119
- Tax, wage and social debts +€13,830
up €13,830 (+63.8%), from €21,673 to €35,504
of which Remuneration and social security: +€7,050
- Depreciation +€3,109
up €3,109 (+75.0%), from €4,147 to €7,257
- Taxes +€1,777
up €1,777 (+8.7%), from €20,418 to €22,195
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 | €279,184 | €320,339 | +€41,154 | +14.7% |
| Fixed assets | 21/28 | €37,972 | €58,961 | +€20,989 | +55.3% |
| Tangible fixed assets | 22/27 | €37,814 | €58,803 | +€20,989 | +55.5% |
| Land and buildings | 22 | €11,871 | €17,187 | +€5,316 | +44.8% |
| Plant, machinery and equipment | 23 | - | €3,937 | +€3,937 | |
| Furniture and vehicles | 24 | €14,622 | €10,781 | -€3,842 | -26.3% |
| Other tangible fixed assets | 26 | €11,320 | €26,898 | +€15,578 | +137.6% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €241,212 | €261,377 | +€20,165 | +8.4% |
| Amounts receivable within one year | 40/41 | €46,804 | €86,836 | +€40,032 | +85.5% |
| Trade receivables | 40 | €19,842 | €65,336 | +€45,494 | +229.3% |
| Other amounts receivable | 41 | €26,962 | €21,500 | -€5,462 | -20.3% |
| Current investments | 50/53 | €32,050 | €32,050 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €156,205 | €140,559 | -€15,646 | -10.0% |
| Deferred charges and accrued income | 490/1 | €6,153 | €1,932 | -€4,221 | -68.6% |
| Total equity and liabilities | 10/49 | €279,184 | €320,339 | +€41,154 | +14.7% |
| Equity | 10/15 | €224,468 | €162,349 | -€62,119 | -27.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €194,169 | €132,050 | -€62,119 | -32.0% |
| 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 | €192,309 | €130,190 | -€62,119 | -32.3% |
| Profit (loss) carried forward | 14 | €24,099 | €24,099 | = | 0.0% |
| Amounts payable | 17/49 | €54,717 | €157,990 | +€103,273 | +188.7% |
| Amounts payable within one year | 42/48 | €54,379 | €157,990 | +€103,611 | +190.5% |
| Trade debts | 44 | €1,598 | €2,912 | +€1,314 | +82.2% |
| Suppliers | 440/4 | €1,598 | €2,912 | +€1,314 | +82.2% |
| Taxes, remuneration and social security | 45 | €21,673 | €35,504 | +€13,830 | +63.8% |
| Taxes | 450/3 | €21,673 | €28,454 | +€6,780 | +31.3% |
| Remuneration and social security | 454/9 | - | €7,050 | +€7,050 | |
| Other amounts payable | 47/48 | €31,108 | €119,574 | +€88,466 | +284.4% |
| Accrued charges and deferred income | 492/3 | €338 | €0 | -€338 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,147 | €7,257 | +€3,109 | +75.0% |
| Other operating charges | 640/8 | €1,230 | €593 | -€637 | -51.8% |
| Gross operating margin | 9900 | €86,924 | €87,133 | +€209 | +0.2% |
| Operating profit (loss) | 9901 | €81,547 | €79,283 | -€2,263 | -2.8% |
| Financial income | 75/76B | €94 | €793 | +€699 | +747.4% |
| Recurring financial income | 75 | €94 | €793 | +€699 | +747.4% |
| Financial charges | 65/66B | €988 | €426 | -€562 | -56.9% |
| Recurring financial charges | 65 | €988 | €426 | -€562 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €80,653 | €79,651 | -€1,002 | -1.2% |
| Income taxes | 67/77 | €20,418 | €22,195 | +€1,777 | +8.7% |
| Profit (loss) for the period | 9904 | €60,235 | €57,455 | -€2,780 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,235 | €57,455 | -€2,780 | -4.6% |
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 4 October 2026 via checked.be.