I.A.D.N.: 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.
I.A.D.N.
Largest movements
- Cash +€75,103
up €75,103 (+54.4%), from €137,957 to €213,061
mainly Net result for the year (+€70,555) and Tax, wage and social debts (+€6,834)
- Reserves +€66,300
up €66,300 (+45.5%), from €145,760 to €212,060
- Tax, wage and social debts +€6,834
up €6,834 (+63.5%), from €10,757 to €17,591
of which Taxes: +€6,834
- Gross operating margin +€33,118
up €33,118 (+46.8%), from €70,746 to €103,864
- Taxes +€8,900
up €8,900 (+47.8%), from €18,633 to €27,533
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 | €167,705 | €243,080 | +€75,376 | +44.9% |
| Fixed assets | 21/28 | €4,615 | €5,544 | +€929 | +20.1% |
| Tangible fixed assets | 22/27 | €4,615 | €5,544 | +€929 | +20.1% |
| Furniture and vehicles | 24 | €4,615 | €1,566 | -€3,050 | -66.1% |
| Other tangible fixed assets | 26 | - | €3,979 | +€3,979 | |
| Current assets | 29/58 | €163,090 | €237,536 | +€74,447 | +45.6% |
| Amounts receivable within one year | 40/41 | €23,953 | €23,801 | -€152 | -0.6% |
| Trade receivables | 40 | €5,268 | €3,647 | -€1,621 | -30.8% |
| Other amounts receivable | 41 | €18,685 | €20,154 | +€1,469 | +7.9% |
| Cash at bank and in hand | 54/58 | €137,957 | €213,061 | +€75,103 | +54.4% |
| Deferred charges and accrued income | 490/1 | €1,179 | €674 | -€505 | -42.8% |
| Total equity and liabilities | 10/49 | €167,705 | €243,080 | +€75,376 | +44.9% |
| Equity | 10/15 | €153,218 | €219,573 | +€66,355 | +43.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145,760 | €212,060 | +€66,300 | +45.5% |
| Distributable reserves | 133 | €145,760 | €212,060 | +€66,300 | +45.5% |
| Profit (loss) carried forward | 14 | €1,258 | €1,313 | +€55 | +4.4% |
| Amounts payable | 17/49 | €14,487 | €23,507 | +€9,020 | +62.3% |
| Amounts payable within one year | 42/48 | €14,351 | €22,715 | +€8,364 | +58.3% |
| Trade debts | 44 | €2,300 | €3,691 | +€1,390 | +60.4% |
| Suppliers | 440/4 | €2,300 | €3,691 | +€1,390 | +60.4% |
| Taxes, remuneration and social security | 45 | €10,757 | €17,591 | +€6,834 | +63.5% |
| Taxes | 450/3 | €8,247 | €15,081 | +€6,834 | +82.9% |
| Remuneration and social security | 454/9 | €2,510 | €2,510 | = | 0.0% |
| Other amounts payable | 47/48 | €1,294 | €1,434 | +€140 | +10.8% |
| Accrued charges and deferred income | 492/3 | €136 | €792 | +€656 | +483% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,501 | €3,270 | -€231 | -6.6% |
| Other operating charges | 640/8 | €1,151 | €751 | -€400 | -34.7% |
| Gross operating margin | 9900 | €70,746 | €103,864 | +€33,118 | +46.8% |
| Operating profit (loss) | 9901 | €66,093 | €99,843 | +€33,749 | +51.1% |
| Financial income | 75/76B | €1,136 | €789 | -€347 | -30.6% |
| Recurring financial income | 75 | €1,136 | €789 | -€347 | -30.6% |
| Financial charges | 65/66B | €1,579 | €2,543 | +€964 | +61.1% |
| Recurring financial charges | 65 | €1,579 | €2,543 | +€964 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €65,651 | €98,089 | +€32,438 | +49.4% |
| Income taxes | 67/77 | €18,633 | €27,533 | +€8,900 | +47.8% |
| Profit (loss) for the period | 9904 | €47,018 | €70,555 | +€23,537 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,018 | €70,555 | +€23,537 | +50.1% |
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 18 October 2026 via checked.be.