I-Corizon: 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-Corizon
Largest movements
- Current investments +€257,639
up €257,639, from €0 to €257,639
- Cash -€95,514
down €95,514 (-62.4%), from €153,150 to €57,635
mainly Current investments (-€257,639) and Receivables within one year (-€36,935)
- Receivables within one year +€36,935
up €36,935 (+133%), from €27,824 to €64,759
of which Trade receivables: +€36,935
- Tangible fixed assets +€11,644
up €11,644 (+5,278%), from €221 to €11,864
of which Furniture and vehicles: +€11,759
- Reserves +€188,310
up €188,310 (+124%), from €151,859 to €340,168
- Tax, wage and social debts +€21,062
up €21,062 (+88.7%), from €23,757 to €44,819
- Gross operating margin +€64,930
up €64,930 (+30.6%), from €212,106 to €277,036
- Taxes +€23,731
up €23,731 (+36.4%), from €65,174 to €88,906
- Financial income -€3,288
down €3,288 (-50.5%), from €6,511 to €3,222
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 | €182,055 | €392,850 | +€210,795 | +116% |
| Fixed assets | 21/28 | €221 | €11,864 | +€11,644 | +5,278% |
| Tangible fixed assets | 22/27 | €221 | €11,864 | +€11,644 | +5,278% |
| Plant, machinery and equipment | 23 | €221 | €105 | -€116 | -52.4% |
| Furniture and vehicles | 24 | - | €11,759 | +€11,759 | |
| Current assets | 29/58 | €181,835 | €380,986 | +€199,151 | +110% |
| Amounts receivable within one year | 40/41 | €27,824 | €64,759 | +€36,935 | +133% |
| Trade receivables | 40 | €25,859 | €62,794 | +€36,935 | +143% |
| Other amounts receivable | 41 | €1,965 | €1,965 | = | 0.0% |
| Current investments | 50/53 | €0 | €257,639 | +€257,639 | |
| Cash at bank and in hand | 54/58 | €153,150 | €57,635 | -€95,514 | -62.4% |
| Deferred charges and accrued income | 490/1 | €861 | €953 | +€92 | +10.6% |
| Total equity and liabilities | 10/49 | €182,055 | €392,850 | +€210,795 | +116% |
| Equity | 10/15 | €155,859 | €344,168 | +€188,310 | +121% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €151,859 | €340,168 | +€188,310 | +124% |
| Distributable reserves | 133 | €151,859 | €340,168 | +€188,310 | +124% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,196 | €48,682 | +€22,485 | +85.8% |
| Amounts payable within one year | 42/48 | €26,196 | €48,674 | +€22,478 | +85.8% |
| Trade debts | 44 | €372 | €1,787 | +€1,416 | +381% |
| Suppliers | 440/4 | €372 | €1,787 | +€1,416 | +381% |
| Taxes, remuneration and social security | 45 | €23,757 | €44,819 | +€21,062 | +88.7% |
| Taxes | 450/3 | €23,757 | €44,819 | +€21,062 | +88.7% |
| Other amounts payable | 47/48 | €2,067 | €2,067 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €1,338 | +€1,222 | +1,058% |
| Other operating charges | 640/8 | €592 | €694 | +€102 | +17.3% |
| Gross operating margin | 9900 | €212,106 | €277,036 | +€64,930 | +30.6% |
| Operating profit (loss) | 9901 | €211,399 | €275,004 | +€63,605 | +30.1% |
| Financial income | 75/76B | €6,511 | €3,222 | -€3,288 | -50.5% |
| Recurring financial income | 75 | €6,511 | €3,222 | -€3,288 | -50.5% |
| Financial charges | 65/66B | €877 | €1,011 | +€135 | +15.4% |
| Recurring financial charges | 65 | €877 | €1,011 | +€135 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €217,033 | €277,215 | +€60,182 | +27.7% |
| Income taxes | 67/77 | €65,174 | €88,906 | +€23,731 | +36.4% |
| Profit (loss) for the period | 9904 | €151,859 | €188,310 | +€36,451 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €151,859 | €188,310 | +€36,451 | +24.0% |
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 29 October 2026 via checked.be.