DE IJZERHOEVE: 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 IJZERHOEVE
Largest movements
- Tangible fixed assets +€42,310
up €42,310 (+8.2%), from €515,925 to €558,235
of which Land and buildings: +€100,695
- Receivables within one year +€29,991
up €29,991 (+60.1%), from €49,938 to €79,929
of which Trade receivables: +€33,212
- Intangible fixed assets +€19,195
up €19,195 (+476%), from €4,030 to €23,225
- Other debts +€516,720
new in 2025: €516,720
- Debts after one year -€387,121
down €387,121 (-72.2%), from €536,104 to €148,983
of which Other amounts payable: -€489,464
- Profit (loss) carried forward -€66,461
down €66,461 (-181%), from -€36,706 to -€103,167
- Trade debts +€25,378
up €25,378 (+96.9%), from €26,182 to €51,560
- Gross operating margin -€11,263
down €11,263 (-13.6%), from €82,682 to €71,419
- Financial charges +€9,553
up €9,553 (+546%), from €1,750 to €11,303
- Depreciation +€9,417
up €9,417 (+19.1%), from €49,299 to €58,716
- Staff costs +€5,043
up €5,043 (+30.4%), from €16,595 to €21,638
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €573,079 | €666,168 | +€93,089 | +16.2% |
| Fixed assets | 21/28 | €519,955 | €581,460 | +€61,505 | +11.8% |
| Intangible fixed assets | 21 | €4,030 | €23,225 | +€19,195 | +476% |
| Tangible fixed assets | 22/27 | €515,925 | €558,235 | +€42,310 | +8.2% |
| Land and buildings | 22 | €379,247 | €479,942 | +€100,695 | +26.6% |
| Plant, machinery and equipment | 23 | €131,758 | €77,156 | -€54,602 | -41.4% |
| Furniture and vehicles | 24 | €4,920 | €1,137 | -€3,784 | -76.9% |
| Current assets | 29/58 | €53,124 | €84,708 | +€31,584 | +59.5% |
| Stocks and contracts in progress | 3 | €1,360 | €0 | -€1,360 | -100% |
| Stocks | 30/36 | €1,360 | €0 | -€1,360 | -100% |
| Amounts receivable within one year | 40/41 | €49,938 | €79,929 | +€29,991 | +60.1% |
| Trade receivables | 40 | €34,300 | €67,512 | +€33,212 | +96.8% |
| Other amounts receivable | 41 | €15,638 | €12,417 | -€3,221 | -20.6% |
| Cash at bank and in hand | 54/58 | €1,826 | €1,921 | +€95 | +5.2% |
| Deferred charges and accrued income | 490/1 | - | €2,858 | +€2,858 | |
| Total equity and liabilities | 10/49 | €573,079 | €666,168 | +€93,089 | +16.2% |
| Equity | 10/15 | €4,035 | -€66,645 | -€70,680 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€36,706 | -€103,167 | -€66,461 | -181% |
| Investment grants | 15 | €20,281 | €16,062 | -€4,219 | -20.8% |
| Provisions and deferred taxes | 16 | €6,758 | €5,354 | -€1,404 | -20.8% |
| Deferred taxes | 168 | €6,758 | €5,354 | -€1,404 | -20.8% |
| Amounts payable | 17/49 | €562,286 | €727,459 | +€165,173 | +29.4% |
| Amounts payable after more than one year | 17 | €536,104 | €148,983 | -€387,121 | -72.2% |
| Financial debts | 170/4 | €46,640 | €148,983 | +€102,343 | +219% |
| Other amounts payable | 178/9 | €489,464 | - | -€489,464 | |
| Amounts payable within one year | 42/48 | €26,182 | €578,476 | +€552,294 | +2,109% |
| Current portion of amounts payable after more than one year | 42 | - | €4,882 | +€4,882 | |
| Financial debts | 43 | - | €3,439 | +€3,439 | |
| Credit institutions | 430/8 | - | €3,439 | +€3,439 | |
| Trade debts | 44 | €26,182 | €51,560 | +€25,378 | +96.9% |
| Suppliers | 440/4 | €26,182 | €51,560 | +€25,378 | +96.9% |
| Taxes, remuneration and social security | 45 | - | €1,875 | +€1,875 | |
| Taxes | 450/3 | - | €704 | +€704 | |
| Remuneration and social security | 454/9 | - | €1,171 | +€1,171 | |
| Other amounts payable | 47/48 | - | €516,720 | +€516,720 | |
| Remuneration, social security and pensions | 62 | €16,595 | €21,638 | +€5,043 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,299 | €58,716 | +€9,417 | +19.1% |
| Other operating charges | 640/8 | €12,723 | €12,848 | +€125 | +1.0% |
| Gross operating margin | 9900 | €82,682 | €71,419 | -€11,263 | -13.6% |
| Operating profit (loss) | 9901 | €4,065 | -€21,783 | -€25,848 | |
| Financial income | 75/76B | €1,406 | €1,406 | +€0 | 0.0% |
| Recurring financial income | 75 | €1,406 | €1,406 | +€0 | 0.0% |
| Financial charges | 65/66B | €1,750 | €11,303 | +€9,553 | +546% |
| Recurring financial charges | 65 | €1,750 | €11,303 | +€9,553 | +546% |
| Profit (loss) for the period before taxes | 9903 | €3,721 | -€31,680 | -€35,401 | |
| Transfer from deferred taxes | 780 | €468 | €468 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | €4,189 | -€31,212 | -€35,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,189 | -€31,212 | -€35,401 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.