Initia.cloud: what changed
Initia.cloud
Largest movements
- Cash +€181,695
up €181,695 (+1,143%), from €15,891 to €197,587
mainly Net result for the year (+€107,102) and Current investments (+€50,700)
- Current investments -€50,700
down €50,700 (-92.2%), from €55,013 to €4,313
- Receivables within one year -€7,881
down €7,881 (-36.2%), from €21,796 to €13,915
- Tangible fixed assets +€7,462
up €7,462 (+399%), from €1,870 to €9,332
of which Plant, machinery and equipment: +€4,144
- Reserves +€102,102
up €102,102 (+160%), from €63,976 to €166,078
- Tax, wage and social debts +€29,409
up €29,409 (+113%), from €26,075 to €55,483
- Financial income +€48,631
up €48,631 (+1,128%), from €4,313 to €52,944
- Taxes +€14,268
up €14,268 (+86.0%), from €16,590 to €30,859
- Gross operating margin +€13,056
up €13,056 (+16.4%), from €79,847 to €92,903
- Financial charges +€5,516
up €5,516 (+5,165%), from €107 to €5,623
- Depreciation +€1,111
up €1,111 (+115%), from €967 to €2,078
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,973 | €225,318 | +€130,345 | +137% |
| Fixed assets | 21/28 | €1,870 | €9,332 | +€7,462 | +399% |
| Tangible fixed assets | 22/27 | €1,870 | €9,332 | +€7,462 | +399% |
| Plant, machinery and equipment | 23 | - | €4,144 | +€4,144 | |
| Furniture and vehicles | 24 | €1,870 | €5,187 | +€3,318 | +177% |
| Current assets | 29/58 | €93,104 | €215,987 | +€122,883 | +132% |
| Amounts receivable within one year | 40/41 | €21,796 | €13,915 | -€7,881 | -36.2% |
| Trade receivables | 40 | €21,796 | €13,915 | -€7,881 | -36.2% |
| Current investments | 50/53 | €55,013 | €4,313 | -€50,700 | -92.2% |
| Cash at bank and in hand | 54/58 | €15,891 | €197,587 | +€181,695 | +1,143% |
| Deferred charges and accrued income | 490/1 | €403 | €172 | -€231 | -57.3% |
| Total equity and liabilities | 10/49 | €94,973 | €225,318 | +€130,345 | +137% |
| Equity | 10/15 | €66,976 | €169,078 | +€102,102 | +152% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,976 | €166,078 | +€102,102 | +160% |
| Distributable reserves | 133 | €63,976 | €166,078 | +€102,102 | +160% |
| Amounts payable | 17/49 | €27,998 | €56,240 | +€28,243 | +101% |
| Amounts payable within one year | 42/48 | €27,998 | €56,080 | +€28,083 | +100% |
| Trade debts | 44 | €1,923 | €597 | -€1,326 | -69.0% |
| Suppliers | 440/4 | €1,923 | €597 | -€1,326 | -69.0% |
| Taxes, remuneration and social security | 45 | €26,075 | €55,483 | +€29,409 | +113% |
| Taxes | 450/3 | €26,075 | €55,483 | +€29,409 | +113% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €967 | €2,078 | +€1,111 | +115% |
| Other operating charges | 640/8 | €133 | €186 | +€53 | +40.1% |
| Gross operating margin | 9900 | €79,847 | €92,903 | +€13,056 | +16.4% |
| Operating profit (loss) | 9901 | €78,747 | €90,640 | +€11,892 | +15.1% |
| Financial income | 75/76B | €4,313 | €52,944 | +€48,631 | +1,128% |
| Recurring financial income | 75 | €4,313 | €52,944 | +€48,631 | +1,128% |
| Financial charges | 65/66B | €107 | €5,623 | +€5,516 | +5,165% |
| Recurring financial charges | 65 | €107 | €5,623 | +€5,516 | +5,165% |
| Profit (loss) for the period before taxes | 9903 | €82,953 | €137,961 | +€55,007 | +66.3% |
| Income taxes | 67/77 | €16,590 | €30,859 | +€14,268 | +86.0% |
| Profit (loss) for the period | 9904 | €66,363 | €107,102 | +€40,739 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,363 | €107,102 | +€40,739 | +61.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.