INTEGRATION: 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.
INTEGRATION
Largest movements
- Current investments +€110,000
new in 2025: €110,000
- Receivables within one year -€93,613
down €93,613 (-77.4%), from €120,964 to €27,351
of which Other amounts receivable: -€97,426
- Cash +€10,417
up €10,417 (+33.6%), from €31,040 to €41,458
mainly Receivables within one year (+€93,613) and Net result for the year (+€19,377)
- Tangible fixed assets +€2,387
up €2,387 (+22.9%), from €10,413 to €12,799
of which Furniture and vehicles: +€3,033
- Reserves +€19,377
up €19,377 (+51.0%), from €37,984 to €57,361
of which Distributable reserves: +€19,377
- Trade debts +€6,546
up €6,546 (+1,001%), from €654 to €7,200
- Tax, wage and social debts +€6,250
up €6,250 (+31.0%), from €20,146 to €26,396
- Gross operating margin -€6,579
down €6,579 (-17.3%), from €38,006 to €31,428
- Financial income -€4,010
down €4,010 (-55.2%), from €7,268 to €3,258
- Taxes -€3,795
down €3,795 (-25.7%), from €14,787 to €10,993
- Depreciation +€435
up €435 (+18.7%), from €2,328 to €2,763
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 | €162,417 | €192,122 | +€29,706 | +18.3% |
| Fixed assets | 21/28 | €10,413 | €12,799 | +€2,387 | +22.9% |
| Tangible fixed assets | 22/27 | €10,413 | €12,799 | +€2,387 | +22.9% |
| Plant, machinery and equipment | 23 | €733 | €411 | -€322 | -44.0% |
| Furniture and vehicles | 24 | €7,763 | €10,796 | +€3,033 | +39.1% |
| Other tangible fixed assets | 26 | €1,916 | €1,592 | -€324 | -16.9% |
| Current assets | 29/58 | €152,004 | €179,323 | +€27,319 | +18.0% |
| Amounts receivable within one year | 40/41 | €120,964 | €27,351 | -€93,613 | -77.4% |
| Trade receivables | 40 | €1,089 | €4,902 | +€3,813 | +350% |
| Other amounts receivable | 41 | €119,875 | €22,449 | -€97,426 | -81.3% |
| Current investments | 50/53 | - | €110,000 | +€110,000 | |
| Cash at bank and in hand | 54/58 | €31,040 | €41,458 | +€10,417 | +33.6% |
| Deferred charges and accrued income | 490/1 | - | €515 | +€515 | |
| Total equity and liabilities | 10/49 | €162,417 | €192,122 | +€29,706 | +18.3% |
| Equity | 10/15 | €139,006 | €157,550 | +€18,544 | +13.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €37,984 | €57,361 | +€19,377 | +51.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €32,124 | €51,501 | +€19,377 | +60.3% |
| Profit (loss) carried forward | 14 | €94,825 | €93,992 | -€833 | -0.9% |
| Amounts payable | 17/49 | €23,411 | €34,572 | +€11,162 | +47.7% |
| Amounts payable after more than one year | 17 | €143 | - | -€143 | |
| Financial debts | 170/4 | €143 | - | -€143 | |
| Amounts payable within one year | 42/48 | €23,268 | €34,572 | +€11,305 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €1,668 | €143 | -€1,525 | -91.4% |
| Trade debts | 44 | €654 | €7,200 | +€6,546 | +1,001% |
| Suppliers | 440/4 | €654 | €7,200 | +€6,546 | +1,001% |
| Taxes, remuneration and social security | 45 | €20,146 | €26,396 | +€6,250 | +31.0% |
| Taxes | 450/3 | €20,146 | €26,396 | +€6,250 | +31.0% |
| Other amounts payable | 47/48 | €800 | €833 | +€33 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,328 | €2,763 | +€435 | +18.7% |
| Other operating charges | 640/8 | €1,147 | €1,253 | +€106 | +9.3% |
| Gross operating margin | 9900 | €38,006 | €31,428 | -€6,579 | -17.3% |
| Operating profit (loss) | 9901 | €34,532 | €27,412 | -€7,120 | -20.6% |
| Financial income | 75/76B | €7,268 | €3,258 | -€4,010 | -55.2% |
| Recurring financial income | 75 | €7,268 | €3,258 | -€4,010 | -55.2% |
| Financial charges | 65/66B | €332 | €300 | -€32 | -9.6% |
| Recurring financial charges | 65 | €332 | €300 | -€32 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €41,467 | €30,370 | -€11,098 | -26.8% |
| Income taxes | 67/77 | €14,787 | €10,993 | -€3,795 | -25.7% |
| Profit (loss) for the period | 9904 | €26,680 | €19,377 | -€7,303 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,680 | €19,377 | -€7,303 | -27.4% |
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 15 October 2026 via checked.be.