Targeted Intelligence Strategic Orientation: 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.
Targeted Intelligence Strategic Orientation
Largest movements
- Cash -€14,227
down €14,227 (-70.5%), from €20,166 to €5,940
mainly Tax, wage and social debts (-€16,000) and Trade debts (-€6,293)
- Tangible fixed assets -€5,990
down €5,990 (-22.2%), from €26,930 to €20,940
- Receivables within one year -€4,297
down €4,297 (-42.2%), from €10,190 to €5,893
of which Trade receivables: -€9,080
- Tax, wage and social debts -€16,000
down €16,000 (-100%), from €16,000 to €0
- Trade debts -€6,293
down €6,293 (-96.8%), from €6,499 to €206
- Other debts -€1,342
no longer reported in 2025 (was €1,342)
- Profit (loss) carried forward -€879
down €879 (-2.8%), from €31,447 to €30,568
- Gross operating margin -€35,415
down €35,415 (-79.5%), from €44,554 to €9,139
- Taxes -€4,257
down €4,257 (-53.2%), from €8,000 to €3,743
- Depreciation +€2,970
up €2,970 (+98.4%), from €3,020 to €5,990
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 | €57,287 | €32,774 | -€24,513 | -42.8% |
| Fixed assets | 21/28 | €26,930 | €20,940 | -€5,990 | -22.2% |
| Tangible fixed assets | 22/27 | €26,930 | €20,940 | -€5,990 | -22.2% |
| Furniture and vehicles | 24 | €26,930 | €20,940 | -€5,990 | -22.2% |
| Current assets | 29/58 | €30,357 | €11,833 | -€18,523 | -61.0% |
| Amounts receivable within one year | 40/41 | €10,190 | €5,893 | -€4,297 | -42.2% |
| Trade receivables | 40 | €9,422 | €342 | -€9,080 | -96.4% |
| Other amounts receivable | 41 | €768 | €5,551 | +€4,783 | +623% |
| Cash at bank and in hand | 54/58 | €20,166 | €5,940 | -€14,227 | -70.5% |
| Total equity and liabilities | 10/49 | €57,287 | €32,774 | -€24,513 | -42.8% |
| Equity | 10/15 | €33,447 | €32,568 | -€879 | -2.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,447 | €30,568 | -€879 | -2.8% |
| Amounts payable | 17/49 | €23,840 | €206 | -€23,635 | -99.1% |
| Amounts payable within one year | 42/48 | €23,840 | €206 | -€23,635 | -99.1% |
| Trade debts | 44 | €6,499 | €206 | -€6,293 | -96.8% |
| Suppliers | 440/4 | €6,499 | €206 | -€6,293 | -96.8% |
| Taxes, remuneration and social security | 45 | €16,000 | €0 | -€16,000 | -100% |
| Taxes | 450/3 | €16,000 | €0 | -€16,000 | -100% |
| Other amounts payable | 47/48 | €1,342 | - | -€1,342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,020 | €5,990 | +€2,970 | +98.4% |
| Other operating charges | 640/8 | - | €45 | +€45 | |
| Gross operating margin | 9900 | €44,554 | €9,139 | -€35,415 | -79.5% |
| Operating profit (loss) | 9901 | €41,534 | €3,104 | -€38,430 | -92.5% |
| Financial charges | 65/66B | €70 | €240 | +€170 | +243% |
| Recurring financial charges | 65 | €70 | €240 | +€170 | +243% |
| Profit (loss) for the period before taxes | 9903 | €41,464 | €2,864 | -€38,600 | -93.1% |
| Income taxes | 67/77 | €8,000 | €3,743 | -€4,257 | -53.2% |
| Profit (loss) for the period | 9904 | €33,464 | -€879 | -€34,343 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,464 | -€879 | -€34,343 |
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 14 October 2026 via checked.be.