I.E.P.: 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.E.P.
Largest movements
- Tangible fixed assets -€6,347
down €6,347 (-7.7%), from €82,963 to €76,615
of which Land and buildings: -€6,094
- Cash +€5,940
up €5,940 (+287%), from €2,071 to €8,011
mainly Depreciation (+€6,347) and Net result for the year (+€3,203)
- Receivables within one year +€3,468
up €3,468 (+4.5%), from €77,788 to €81,256
of which Other amounts receivable: +€5,213
- Reserves +€2,473
up €2,473 (+2.0%), from €124,042 to €126,515
- Depreciation -€1,054
down €1,054 (-14.2%), from €7,402 to €6,347
- Other operating charges +€186
up €186 (+3.0%), from €6,310 to €6,496
- Taxes +€180
up €180 (+26.1%), from €689 to €869
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,988 | €168,121 | +€3,133 | +1.9% |
| Fixed assets | 21/28 | €82,963 | €76,615 | -€6,347 | -7.7% |
| Tangible fixed assets | 22/27 | €82,963 | €76,615 | -€6,347 | -7.7% |
| Land and buildings | 22 | €82,323 | €76,229 | -€6,094 | -7.4% |
| Other tangible fixed assets | 26 | €640 | €387 | -€253 | -39.6% |
| Current assets | 29/58 | €82,025 | €91,505 | +€9,480 | +11.6% |
| Amounts receivable within one year | 40/41 | €77,788 | €81,256 | +€3,468 | +4.5% |
| Trade receivables | 40 | €1,746 | - | -€1,746 | |
| Other amounts receivable | 41 | €76,043 | €81,256 | +€5,213 | +6.9% |
| Cash at bank and in hand | 54/58 | €2,071 | €8,011 | +€5,940 | +287% |
| Deferred charges and accrued income | 490/1 | €2,166 | €2,238 | +€72 | +3.3% |
| Total equity and liabilities | 10/49 | €164,988 | €168,121 | +€3,133 | +1.9% |
| Equity | 10/15 | €148,515 | €151,718 | +€3,203 | +2.2% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €124,042 | €126,515 | +€2,473 | +2.0% |
| Distributable reserves | 133 | €124,042 | €126,515 | +€2,473 | +2.0% |
| Profit (loss) carried forward | 14 | €2,473 | €3,203 | +€730 | +29.5% |
| Amounts payable | 17/49 | €16,473 | €16,402 | -€70 | -0.4% |
| Amounts payable within one year | 42/48 | €15,533 | €15,463 | -€71 | -0.5% |
| Trade debts | 44 | €30 | - | -€30 | |
| Suppliers | 440/4 | €30 | - | -€30 | |
| Taxes, remuneration and social security | 45 | €910 | €869 | -€41 | -4.5% |
| Taxes | 450/3 | €910 | €869 | -€41 | -4.5% |
| Other amounts payable | 47/48 | €14,593 | €14,593 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €939 | €940 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,402 | €6,347 | -€1,054 | -14.2% |
| Other operating charges | 640/8 | €6,310 | €6,496 | +€186 | +3.0% |
| Gross operating margin | 9900 | €13,111 | €13,078 | -€33 | -0.2% |
| Operating profit (loss) | 9901 | -€601 | €234 | +€835 | |
| Financial income | 75/76B | €3,838 | €3,914 | +€76 | +2.0% |
| Recurring financial income | 75 | €3,838 | €3,914 | +€76 | +2.0% |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.1% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €3,162 | €4,072 | +€910 | +28.8% |
| Income taxes | 67/77 | €689 | €869 | +€180 | +26.1% |
| Profit (loss) for the period | 9904 | €2,473 | €3,203 | +€730 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,473 | €3,203 | +€730 | +29.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.