I.E.S.-DISTRIBUTION: what changed
Two fiscal 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.S.-DISTRIBUTION
Largest movements
- Cash -€117,834
down €117,834 (-95.9%), from €122,819 to €4,985
mainly Tax, wage and social debts (-€110,057) and Trade debts (-€25,544)
- Receivables within one year -€60,531
down €60,531 (-76.2%), from €79,468 to €18,936
of which Other amounts receivable: -€39,782
- Receivables after one year +€14,113
up €14,113 (+5.8%), from €242,021 to €256,134
- Tax, wage and social debts -€110,057
down €110,057 (-93.0%), from €118,311 to €8,254
of which Remuneration and social security: -€78,296
- Trade debts -€25,544
down €25,544 (-99.9%), from €25,561 to €16
of which Suppliers: -€25,544
- Other debts -€12,948
down €12,948 (-100.0%), from €12,948 to €0
- Current portion of long-term debt -€10,381
down €10,381 (-100.0%), from €10,381 to €0
- Gross operating margin -€1.1m
down €1.1m, from €1.1m to -€2,354
- Staff costs -€551,063
down €551,063 (-99.6%), from €553,451 to €2,388
- Other operating charges -€91,384
down €91,384 (-95.9%), from €95,307 to €3,923
- Taxes +€32,465
up €32,465, from -€32,402 to €63
- Financial charges -€20,753
down €20,753 (-94.3%), from €22,019 to €1,266
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.
Cash bridge derived
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 | €463,822 | €297,610 | -€166,212 | -35.8% |
| Fixed assets | 21/28 | €5,788 | €5,422 | -€366 | -6.3% |
| Tangible fixed assets | 22/27 | €66 | €0 | -€66 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €66 | €0 | -€66 | -100.0% |
| Financial fixed assets | 28 | €5,722 | €5,422 | -€300 | -5.2% |
| Current assets | 29/58 | €458,034 | €292,188 | -€165,846 | -36.2% |
| Amounts receivable after more than one year | 29 | €242,021 | €256,134 | +€14,113 | +5.8% |
| Other amounts receivable | 291 | €242,021 | €256,134 | +€14,113 | +5.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €79,468 | €18,936 | -€60,531 | -76.2% |
| Trade receivables | 40 | €20,750 | €0 | -€20,750 | -100.0% |
| Other amounts receivable | 41 | €58,718 | €18,936 | -€39,782 | -67.8% |
| Current investments | 50/53 | €11,983 | €12,057 | +€74 | +0.6% |
| Cash at bank and in hand | 54/58 | €122,819 | €4,985 | -€117,834 | -95.9% |
| Deferred charges and accrued income | 490/1 | €1,744 | €76 | -€1,668 | -95.6% |
| Total equity and liabilities | 10/49 | €463,822 | €297,610 | -€166,212 | -35.8% |
| Equity | 10/15 | €293,121 | €289,339 | -€3,782 | -1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €234,529 | €234,529 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €232,670 | €232,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,000 | €36,218 | -€3,782 | -9.5% |
| Amounts payable | 17/49 | €170,701 | €8,271 | -€162,430 | -95.2% |
| Amounts payable within one year | 42/48 | €167,201 | €8,271 | -€158,930 | -95.1% |
| Current portion of amounts payable after more than one year | 42 | €10,381 | €0 | -€10,381 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €25,561 | €16 | -€25,544 | -99.9% |
| Suppliers | 440/4 | €25,561 | €16 | -€25,544 | -99.9% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €118,311 | €8,254 | -€110,057 | -93.0% |
| Taxes | 450/3 | €40,015 | €8,254 | -€31,761 | -79.4% |
| Remuneration and social security | 454/9 | €78,296 | €0 | -€78,296 | -100.0% |
| Other amounts payable | 47/48 | €12,948 | €0 | -€12,948 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100.0% |
| Non-recurring operating income | 76A | €689,622 | €0 | -€689,622 | -100.0% |
| Remuneration, social security and pensions | 62 | €553,451 | €2,388 | -€551,063 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90 | €66 | -€24 | -26.6% |
| Other operating charges | 640/8 | €95,307 | €3,923 | -€91,384 | -95.9% |
| Gross operating margin | 9900 | €1,073,834 | -€2,354 | -€1.1m | |
| Operating profit (loss) | 9901 | €424,986 | -€8,731 | -€433,717 | |
| Financial income | 75/76B | €5,269 | €6,277 | +€1,008 | +19.1% |
| Recurring financial income | 75 | €5,269 | €6,277 | +€1,008 | +19.1% |
| Financial charges | 65/66B | €22,019 | €1,266 | -€20,753 | -94.3% |
| Recurring financial charges | 65 | €22,019 | €1,266 | -€20,753 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €408,237 | -€3,720 | -€411,956 | |
| Income taxes | 67/77 | -€32,402 | €63 | +€32,465 | |
| Profit (loss) for the period | 9904 | €440,639 | -€3,782 | -€444,421 | |
| Profit (loss) for the period to be appropriated | 9905 | €440,639 | -€3,782 | -€444,421 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.