DE IJSBERG: 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.
DE IJSBERG
Largest movements
- Current investments +€149,020
new in 2025: €149,020
- Cash -€60,953
down €60,953 (-26.7%), from €228,253 to €167,301
mainly Current investments (-€149,020) and Debts after one year (-€9,330)
- Tangible fixed assets -€35,963
down €35,963 (-35.8%), from €100,530 to €64,567
of which Plant, machinery and equipment: -€27,224
- Profit (loss) carried forward +€26,903
up €26,903 (+18.8%), from €143,145 to €170,047
- Reserves +€25,000
up €25,000 (+30.5%), from €81,860 to €106,860
of which Distributable reserves: +€26,860
- Tax, wage and social debts +€13,587
up €13,587 (+46.8%), from €29,050 to €42,637
of which Remuneration and social security: +€8,591
- Debts after one year -€9,330
down €9,330 (-27.6%), from €33,760 to €24,429
- Current portion of long-term debt -€6,416
down €6,416 (-40.7%), from €15,746 to €9,330
- Gross operating margin -€19,180
down €19,180 (-7.6%), from €253,134 to €233,954
- Depreciation -€7,536
down €7,536 (-15.7%), from €47,925 to €40,389
- Staff costs -€7,523
down €7,523 (-5.9%), from €127,226 to €119,704
- Taxes -€2,785
down €2,785 (-14.3%), from €19,538 to €16,753
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 | €337,792 | €389,064 | +€51,272 | +15.2% |
| Fixed assets | 21/28 | €100,530 | €64,567 | -€35,963 | -35.8% |
| Tangible fixed assets | 22/27 | €100,530 | €64,567 | -€35,963 | -35.8% |
| Plant, machinery and equipment | 23 | €91,217 | €63,993 | -€27,224 | -29.8% |
| Furniture and vehicles | 24 | €9,313 | €575 | -€8,739 | -93.8% |
| Current assets | 29/58 | €237,262 | €324,497 | +€87,236 | +36.8% |
| Stocks and contracts in progress | 3 | €5,500 | €4,686 | -€814 | -14.8% |
| Stocks | 30/36 | €5,500 | €4,686 | -€814 | -14.8% |
| Amounts receivable within one year | 40/41 | €3,508 | €2,104 | -€1,404 | -40.0% |
| Trade receivables | 40 | €1,080 | €2,104 | +€1,024 | +94.8% |
| Other amounts receivable | 41 | €2,428 | - | -€2,428 | |
| Current investments | 50/53 | - | €149,020 | +€149,020 | |
| Cash at bank and in hand | 54/58 | €228,253 | €167,301 | -€60,953 | -26.7% |
| Deferred charges and accrued income | 490/1 | - | €1,386 | +€1,386 | |
| Total equity and liabilities | 10/49 | €337,792 | €389,064 | +€51,272 | +15.2% |
| Equity | 10/15 | €243,605 | €295,507 | +€51,903 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,860 | €106,860 | +€25,000 | +30.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €80,000 | €106,860 | +€26,860 | +33.6% |
| Profit (loss) carried forward | 14 | €143,145 | €170,047 | +€26,903 | +18.8% |
| Amounts payable | 17/49 | €94,187 | €93,557 | -€630 | -0.7% |
| Amounts payable after more than one year | 17 | €33,760 | €24,429 | -€9,330 | -27.6% |
| Financial debts | 170/4 | €33,760 | €24,429 | -€9,330 | -27.6% |
| Amounts payable within one year | 42/48 | €60,428 | €69,128 | +€8,700 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €15,746 | €9,330 | -€6,416 | -40.7% |
| Trade debts | 44 | €15,632 | €17,161 | +€1,529 | +9.8% |
| Suppliers | 440/4 | €15,632 | €17,161 | +€1,529 | +9.8% |
| Taxes, remuneration and social security | 45 | €29,050 | €42,637 | +€13,587 | +46.8% |
| Taxes | 450/3 | €16,727 | €21,724 | +€4,997 | +29.9% |
| Remuneration and social security | 454/9 | €12,322 | €20,913 | +€8,591 | +69.7% |
| Remuneration, social security and pensions | 62 | €127,226 | €119,704 | -€7,523 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,925 | €40,389 | -€7,536 | -15.7% |
| Other operating charges | 640/8 | €681 | €1,469 | +€788 | +116% |
| Gross operating margin | 9900 | €253,134 | €233,954 | -€19,180 | -7.6% |
| Operating profit (loss) | 9901 | €77,301 | €72,392 | -€4,909 | -6.4% |
| Financial income | 75/76B | €148 | €1,019 | +€870 | +586% |
| Recurring financial income | 75 | €148 | €1,019 | +€870 | +586% |
| Financial charges | 65/66B | €3,648 | €4,755 | +€1,108 | +30.4% |
| Recurring financial charges | 65 | €3,648 | €4,755 | +€1,108 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €73,802 | €68,656 | -€5,147 | -7.0% |
| Income taxes | 67/77 | €19,538 | €16,753 | -€2,785 | -14.3% |
| Profit (loss) for the period | 9904 | €54,264 | €51,903 | -€2,362 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,264 | €51,903 | -€2,362 | -4.4% |
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 20 October 2026 via checked.be.