Dr. Rosy Ikazabo: what changed
Dr. Rosy Ikazabo
Largest movements
- Tangible fixed assets -€22,093
down €22,093 (-20.3%), from €108,871 to €86,778
of which Other tangible fixed assets: -€12,081
- Receivables within one year +€16,240
up €16,240 (+31.8%), from €50,989 to €67,228
- Profit (loss) carried forward +€17,302
up €17,302 (+59.5%), from -€29,074 to -€11,772
- Current portion of long-term debt -€13,292
down €13,292 (-52.2%), from €25,461 to €12,169
- Debts after one year -€12,169
down €12,169 (-24.1%), from €50,586 to €38,417
- Tax, wage and social debts +€8,795
up €8,795 (+2,602%), from €338 to €9,133
- Short-term financial debts -€4,914
no longer reported in 2025 (was €4,914)
- Gross operating margin +€23,462
up €23,462 (+96.2%), from €24,390 to €47,852
- Taxes +€4,164
up €4,164 (+1,636%), from €255 to €4,418
- Financial income -€3,482
no longer reported in 2025 (was €3,482)
- Depreciation -€1,383
down €1,383 (-5.9%), from €23,475 to €22,093
- Other operating charges +€520
up €520 (+57.8%), from €899 to €1,418
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 | €164,342 | €159,182 | -€5,161 | -3.1% |
| Fixed assets | 21/28 | €108,871 | €86,778 | -€22,093 | -20.3% |
| Tangible fixed assets | 22/27 | €108,871 | €86,778 | -€22,093 | -20.3% |
| Land and buildings | 22 | €262 | - | -€262 | |
| Furniture and vehicles | 24 | €9,750 | - | -€9,750 | |
| Other tangible fixed assets | 26 | €98,859 | €86,778 | -€12,081 | -12.2% |
| Current assets | 29/58 | €55,472 | €72,404 | +€16,932 | +30.5% |
| Amounts receivable within one year | 40/41 | €50,989 | €67,228 | +€16,240 | +31.8% |
| Other amounts receivable | 41 | €50,989 | €67,228 | +€16,240 | +31.8% |
| Cash at bank and in hand | 54/58 | - | €642 | +€642 | |
| Deferred charges and accrued income | 490/1 | €4,483 | €4,533 | +€51 | +1.1% |
| Total equity and liabilities | 10/49 | €164,342 | €159,182 | -€5,161 | -3.1% |
| Equity | 10/15 | €60,917 | €78,219 | +€17,302 | +28.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €77,590 | €77,590 | = | 0.0% |
| Distributable reserves | 133 | €77,590 | €77,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,074 | -€11,772 | +€17,302 | +59.5% |
| Amounts payable | 17/49 | €103,426 | €80,963 | -€22,463 | -21.7% |
| Amounts payable after more than one year | 17 | €50,586 | €38,417 | -€12,169 | -24.1% |
| Financial debts | 170/4 | €50,586 | €38,417 | -€12,169 | -24.1% |
| Amounts payable within one year | 42/48 | €52,840 | €42,546 | -€10,294 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €25,461 | €12,169 | -€13,292 | -52.2% |
| Financial debts | 43 | €4,914 | - | -€4,914 | |
| Credit institutions | 430/8 | €4,914 | - | -€4,914 | |
| Trade debts | 44 | €10,576 | €7,224 | -€3,352 | -31.7% |
| Suppliers | 440/4 | €10,576 | €7,224 | -€3,352 | -31.7% |
| Taxes, remuneration and social security | 45 | €338 | €9,133 | +€8,795 | +2,602% |
| Taxes | 450/3 | €338 | €9,133 | +€8,795 | +2,602% |
| Other amounts payable | 47/48 | €11,551 | €14,021 | +€2,470 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,475 | €22,093 | -€1,383 | -5.9% |
| Other operating charges | 640/8 | €899 | €1,418 | +€520 | +57.8% |
| Gross operating margin | 9900 | €24,390 | €47,852 | +€23,462 | +96.2% |
| Operating profit (loss) | 9901 | €16 | €24,341 | +€24,325 | +150,804% |
| Financial income | 75/76B | €3,482 | - | -€3,482 | |
| Recurring financial income | 75 | €3,482 | - | -€3,482 | |
| Financial charges | 65/66B | €2,978 | €2,620 | -€358 | -12.0% |
| Recurring financial charges | 65 | €2,978 | €2,620 | -€358 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €520 | €21,721 | +€21,200 | +4,074% |
| Income taxes | 67/77 | €255 | €4,418 | +€4,164 | +1,636% |
| Profit (loss) for the period | 9904 | €266 | €17,302 | +€17,036 | +6,407% |
| Profit (loss) for the period to be appropriated | 9905 | €266 | €17,302 | +€17,036 | +6,407% |
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.