TOP INFI: 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.
TOP INFI
Largest movements
- Intangible fixed assets -€30,265
down €30,265 (-40.0%), from €75,663 to €45,398
- Receivables within one year -€15,867
down €15,867 (-62.2%), from €25,504 to €9,638
- Cash -€4,627
down €4,627 (-34.6%), from €13,378 to €8,751
mainly Contributions, distributions and other (-€30,000) and Debts after one year (-€13,343)
- Deferred charges and accrued income -€2,719
down €2,719 (-27.3%), from €9,945 to €7,225
- Profit (loss) carried forward -€33,538
down €33,538 (-71.5%), from €46,938 to €13,401
- Debts after one year -€13,343
down €13,343 (-32.5%), from €40,995 to €27,652
- Current portion of long-term debt -€6,332
down €6,332 (-32.4%), from €19,553 to €13,221
- Depreciation -€9,286
down €9,286 (-22.2%), from €41,885 to €32,599
- Other operating charges +€1,208
up €1,208 (+182%), from €665 to €1,873
- Financial charges -€1,006
down €1,006 (-31.1%), from €3,236 to €2,230
- Financial income -€745
down €745 (-47.5%), from €1,569 to €824
- Gross operating margin -€523
down €523 (-1.6%), from €32,978 to €32,454
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 | €128,828 | €74,904 | -€53,924 | -41.9% |
| Fixed assets | 21/28 | €80,001 | €49,290 | -€30,712 | -38.4% |
| Intangible fixed assets | 21 | €75,663 | €45,398 | -€30,265 | -40.0% |
| Tangible fixed assets | 22/27 | €4,339 | €3,892 | -€447 | -10.3% |
| Furniture and vehicles | 24 | €4,224 | €3,892 | -€332 | -7.9% |
| Other tangible fixed assets | 26 | €114 | - | -€114 | |
| Current assets | 29/58 | €48,827 | €25,614 | -€23,213 | -47.5% |
| Amounts receivable within one year | 40/41 | €25,504 | €9,638 | -€15,867 | -62.2% |
| Other amounts receivable | 41 | €25,504 | €9,638 | -€15,867 | -62.2% |
| Cash at bank and in hand | 54/58 | €13,378 | €8,751 | -€4,627 | -34.6% |
| Deferred charges and accrued income | 490/1 | €9,945 | €7,225 | -€2,719 | -27.3% |
| Total equity and liabilities | 10/49 | €128,828 | €74,904 | -€53,924 | -41.9% |
| Equity | 10/15 | €65,538 | €32,001 | -€33,538 | -51.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,938 | €13,401 | -€33,538 | -71.5% |
| Amounts payable | 17/49 | €63,290 | €42,903 | -€20,387 | -32.2% |
| Amounts payable after more than one year | 17 | €40,995 | €27,652 | -€13,343 | -32.5% |
| Financial debts | 170/4 | €40,995 | €27,652 | -€13,343 | -32.5% |
| Amounts payable within one year | 42/48 | €22,294 | €15,251 | -€7,044 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €19,553 | €13,221 | -€6,332 | -32.4% |
| Trade debts | 44 | €825 | - | -€825 | |
| Suppliers | 440/4 | €825 | - | -€825 | |
| Taxes, remuneration and social security | 45 | €1,916 | €2,030 | +€114 | +6.0% |
| Taxes | 450/3 | €1,916 | €2,030 | +€114 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,885 | €32,599 | -€9,286 | -22.2% |
| Other operating charges | 640/8 | €665 | €1,873 | +€1,208 | +182% |
| Gross operating margin | 9900 | €32,978 | €32,454 | -€523 | -1.6% |
| Operating profit (loss) | 9901 | -€9,572 | -€2,018 | +€7,555 | +78.9% |
| Financial income | 75/76B | €1,569 | €824 | -€745 | -47.5% |
| Recurring financial income | 75 | €1,569 | €824 | -€745 | -47.5% |
| Financial charges | 65/66B | €3,236 | €2,230 | -€1,006 | -31.1% |
| Recurring financial charges | 65 | €3,236 | €2,230 | -€1,006 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,239 | -€3,423 | +€7,816 | +69.5% |
| Income taxes | 67/77 | €116 | €114 | -€2 | -1.3% |
| Profit (loss) for the period | 9904 | -€11,355 | -€3,538 | +€7,817 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,355 | -€3,538 | +€7,817 | +68.8% |
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 18 October 2026 via checked.be.