I-Belgium: 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-Belgium
Largest movements
- Receivables after one year -€36.1m
down €36.1m (-12.1%), from €299.4m to €263.2m
- Debts after one year -€36.0m
down €36.0m (-12.1%), from €298.8m to €262.7m
- Financial charges -€748,194
down €748,194 (-12.7%), from €5.9m to €5.1m
- Financial income -€741,590
down €741,590 (-11.1%), from €6.7m to €5.9m
- Gross operating margin +€389,783
up €389,783 (+31.2%), from -€1.3m to -€860,247
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 | €324,883,583 | €288,206,040 | -€36.7m | -11.3% |
| Current assets | 29/58 | €324,883,583 | €288,206,040 | -€36.7m | -11.3% |
| Amounts receivable after more than one year | 29 | €299,364,264 | €263,242,235 | -€36.1m | -12.1% |
| Other amounts receivable | 291 | €299,364,264 | €263,242,235 | -€36.1m | -12.1% |
| Amounts receivable within one year | 40/41 | €25,349,708 | €24,940,371 | -€409,337 | -1.6% |
| Other amounts receivable | 41 | €25,349,708 | €24,940,371 | -€409,337 | -1.6% |
| Cash at bank and in hand | 54/58 | €6,318 | €5,252 | -€1,065 | -16.9% |
| Deferred charges and accrued income | 490/1 | €163,293 | €18,181 | -€145,112 | -88.9% |
| Total equity and liabilities | 10/49 | €324,883,583 | €288,206,040 | -€36.7m | -11.3% |
| Equity | 10/15 | €238,350 | €186,776 | -€51,574 | -21.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,700 | €119,126 | -€51,574 | -30.2% |
| Amounts payable | 17/49 | €324,645,233 | €288,019,264 | -€36.6m | -11.3% |
| Amounts payable after more than one year | 17 | €298,750,382 | €262,725,501 | -€36.0m | -12.1% |
| Financial debts | 170/4 | €298,750,382 | €262,725,501 | -€36.0m | -12.1% |
| Amounts payable within one year | 42/48 | €25,894,851 | €25,293,763 | -€601,088 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €22,489,944 | €21,594,087 | -€895,857 | -4.0% |
| Trade debts | 44 | €14,325 | €17,465 | +€3,140 | +21.9% |
| Suppliers | 440/4 | €14,325 | €17,465 | +€3,140 | +21.9% |
| Other amounts payable | 47/48 | €3,390,582 | €3,682,210 | +€291,629 | +8.6% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€1,250,030 | -€860,247 | +€389,783 | +31.2% |
| Operating profit (loss) | 9901 | -€1,250,998 | -€861,246 | +€389,752 | +31.2% |
| Financial income | 75/76B | €6,683,496 | €5,941,906 | -€741,590 | -11.1% |
| Recurring financial income | 75 | €6,683,496 | €5,941,906 | -€741,590 | -11.1% |
| Financial charges | 65/66B | €5,880,428 | €5,132,234 | -€748,194 | -12.7% |
| Recurring financial charges | 65 | €5,880,428 | €5,132,234 | -€748,194 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€447,930 | -€51,574 | +€396,356 | +88.5% |
| Profit (loss) for the period | 9904 | -€447,930 | -€51,574 | +€396,356 | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€447,930 | -€51,574 | +€396,356 | +88.5% |
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 30 October 2026 via checked.be.