I.A.M.: 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.M.
Largest movements
- Receivables within one year +€54,950
up €54,950 (+402%), from €13,664 to €68,613
of which Trade receivables: +€49,491
- Cash +€45,667
up €45,667 (+28.3%), from €161,641 to €207,308
mainly Stocks and contracts (+€40,015) and Net result for the year (+€29,091)
- Stocks and contracts -€40,015
down €40,015 (-47.8%), from €83,719 to €43,703
- Tangible fixed assets -€11,206
down €11,206 (-5.5%), from €204,201 to €192,995
of which Leasing and similar rights: -€6,743
- Profit (loss) carried forward +€29,091
up €29,091 (+10.4%), from €279,600 to €308,691
- Trade debts +€17,581
up €17,581 (+35.6%), from €49,430 to €67,011
- Tax, wage and social debts +€14,057
up €14,057 (+53.2%), from €26,439 to €40,496
of which Taxes: +€8,984
- Current portion of long-term debt -€7,748
no longer reported in 2024 (was €7,748)
- Gross operating margin +€134,242
up €134,242 (+79.5%), from €168,917 to €303,159
- Staff costs +€89,447
up €89,447 (+98.9%), from €90,405 to €179,852
- Other operating charges +€16,081
up €16,081 (+87.8%), from €18,313 to €34,394
- Financial income -€3,118
down €3,118 (-99.1%), from €3,147 to €30
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €468,362 | €517,726 | +€49,364 | +10.5% |
| Fixed assets | 21/28 | €209,338 | €198,101 | -€11,237 | -5.4% |
| Intangible fixed assets | 21 | €31 | - | -€31 | |
| Tangible fixed assets | 22/27 | €204,201 | €192,995 | -€11,206 | -5.5% |
| Land and buildings | 22 | €172,578 | €171,308 | -€1,270 | -0.7% |
| Plant, machinery and equipment | 23 | €5,541 | €4,065 | -€1,476 | -26.6% |
| Furniture and vehicles | 24 | €5,851 | €4,135 | -€1,716 | -29.3% |
| Leasing and similar rights | 25 | €20,230 | €13,487 | -€6,743 | -33.3% |
| Financial fixed assets | 28 | €5,106 | €5,106 | = | 0.0% |
| Current assets | 29/58 | €259,023 | €319,625 | +€60,601 | +23.4% |
| Stocks and contracts in progress | 3 | €83,719 | €43,703 | -€40,015 | -47.8% |
| Stocks | 30/36 | €83,719 | €43,703 | -€40,015 | -47.8% |
| Amounts receivable within one year | 40/41 | €13,664 | €68,613 | +€54,950 | +402% |
| Trade receivables | 40 | - | €49,491 | +€49,491 | |
| Other amounts receivable | 41 | €13,664 | €19,122 | +€5,458 | +39.9% |
| Cash at bank and in hand | 54/58 | €161,641 | €207,308 | +€45,667 | +28.3% |
| Total equity and liabilities | 10/49 | €468,362 | €517,726 | +€49,364 | +10.5% |
| Equity | 10/15 | €292,460 | €321,551 | +€29,091 | +9.9% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,600 | €308,691 | +€29,091 | +10.4% |
| Amounts payable | 17/49 | €175,901 | €196,175 | +€20,273 | +11.5% |
| Amounts payable after more than one year | 17 | €75,230 | €75,230 | = | 0.0% |
| Financial debts | 170/4 | €75,230 | €75,230 | = | 0.0% |
| Amounts payable within one year | 42/48 | €100,672 | €120,945 | +€20,273 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €7,748 | - | -€7,748 | |
| Trade debts | 44 | €49,430 | €67,011 | +€17,581 | +35.6% |
| Suppliers | 440/4 | €49,430 | €67,011 | +€17,581 | +35.6% |
| Taxes, remuneration and social security | 45 | €26,439 | €40,496 | +€14,057 | +53.2% |
| Taxes | 450/3 | €20,735 | €29,719 | +€8,984 | +43.3% |
| Remuneration and social security | 454/9 | €5,704 | €10,777 | +€5,073 | +88.9% |
| Other amounts payable | 47/48 | €17,054 | €13,438 | -€3,616 | -21.2% |
| Remuneration, social security and pensions | 62 | €90,405 | €179,852 | +€89,447 | +98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,933 | €16,761 | -€172 | -1.0% |
| Other operating charges | 640/8 | €18,313 | €34,394 | +€16,081 | +87.8% |
| Gross operating margin | 9900 | €168,917 | €303,159 | +€134,242 | +79.5% |
| Operating profit (loss) | 9901 | €43,266 | €72,152 | +€28,886 | +66.8% |
| Financial income | 75/76B | €3,147 | €30 | -€3,118 | -99.1% |
| Recurring financial income | 75 | €3,147 | €30 | -€3,118 | -99.1% |
| Financial charges | 65/66B | €29,765 | €28,883 | -€882 | -3.0% |
| Recurring financial charges | 65 | €29,765 | €28,883 | -€882 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €16,648 | €43,298 | +€26,650 | +160% |
| Income taxes | 67/77 | €14,877 | €14,208 | -€669 | -4.5% |
| Profit (loss) for the period | 9904 | €1,772 | €29,091 | +€27,319 | +1,542% |
| Profit (loss) for the period to be appropriated | 9905 | €1,772 | €29,091 | +€27,319 | +1,542% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.