Working on 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.
Working on IT
Largest movements
- Cash -€117,415
down €117,415 (-55.5%), from €211,438 to €94,023
mainly Contributions, distributions and other (-€100,000) and Net result for the year (-€22,873)
- Tangible fixed assets -€10,797
down €10,797 (-28.7%), from €37,611 to €26,814
of which Furniture and vehicles: -€8,735
- Receivables within one year -€4,725
down €4,725 (-27.6%), from €17,115 to €12,390
of which Trade receivables: -€10,331
- Reserves -€122,873
down €122,873 (-53.0%), from €231,737 to €108,864
of which Distributable reserves: -€122,873
- Tax, wage and social debts -€5,970
down €5,970 (-87.9%), from €6,793 to €824
- Other debts -€4,533
down €4,533 (-88.9%), from €5,100 to €567
- Gross operating margin -€76,436
down €76,436, from €66,863 to -€9,573
- Taxes -€9,548
down €9,548 (-95.5%), from €10,000 to €452
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 | €266,165 | €133,228 | -€132,936 | -49.9% |
| Fixed assets | 21/28 | €37,611 | €26,814 | -€10,797 | -28.7% |
| Tangible fixed assets | 22/27 | €37,611 | €26,814 | -€10,797 | -28.7% |
| Plant, machinery and equipment | 23 | €3,938 | €1,876 | -€2,062 | -52.4% |
| Furniture and vehicles | 24 | €33,674 | €24,938 | -€8,735 | -25.9% |
| Current assets | 29/58 | €228,553 | €106,414 | -€122,139 | -53.4% |
| Amounts receivable within one year | 40/41 | €17,115 | €12,390 | -€4,725 | -27.6% |
| Trade receivables | 40 | €12,545 | €2,214 | -€10,331 | -82.3% |
| Other amounts receivable | 41 | €4,570 | €10,176 | +€5,606 | +122.7% |
| Cash at bank and in hand | 54/58 | €211,438 | €94,023 | -€117,415 | -55.5% |
| Total equity and liabilities | 10/49 | €266,165 | €133,228 | -€132,936 | -49.9% |
| Equity | 10/15 | €252,197 | €129,324 | -€122,873 | -48.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €231,737 | €108,864 | -€122,873 | -53.0% |
| Tax-exempt reserves | 132 | €2,652 | €2,652 | = | 0.0% |
| Distributable reserves | 133 | €229,085 | €106,212 | -€122,873 | -53.6% |
| Amounts payable | 17/49 | €13,968 | €3,904 | -€10,063 | -72.0% |
| Amounts payable within one year | 42/48 | €13,968 | €3,904 | -€10,063 | -72.0% |
| Trade debts | 44 | €2,074 | €2,514 | +€440 | +21.2% |
| Suppliers | 440/4 | €2,074 | €2,514 | +€440 | +21.2% |
| Taxes, remuneration and social security | 45 | €6,793 | €824 | -€5,970 | -87.9% |
| Taxes | 450/3 | €6,793 | €824 | -€5,970 | -87.9% |
| Other amounts payable | 47/48 | €5,100 | €567 | -€4,533 | -88.9% |
| Non-recurring operating income | 76A | €10,860 | - | -€10,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,520 | €12,231 | -€289 | -2.3% |
| Other operating charges | 640/8 | €560 | €520 | -€41 | -7.2% |
| Gross operating margin | 9900 | €66,863 | -€9,573 | -€76,436 | |
| Operating profit (loss) | 9901 | €53,783 | -€22,324 | -€76,107 | |
| Financial income | 75/76B | €197 | - | -€197 | |
| Recurring financial income | 75 | €197 | - | -€197 | |
| Financial charges | 65/66B | €77 | €97 | +€21 | +27.3% |
| Recurring financial charges | 65 | €77 | €97 | +€21 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €53,903 | -€22,421 | -€76,325 | |
| Income taxes | 67/77 | €10,000 | €452 | -€9,548 | -95.5% |
| Profit (loss) for the period | 9904 | €43,903 | -€22,873 | -€66,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,903 | -€22,873 | -€66,776 |
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 6 October 2026 via checked.be.