I.E.U.F.: 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.U.F.
Largest movements
- Tangible fixed assets -€1,075
no longer reported in 2022 (was €1,075)
- Cash -€16
down €16 (-80.8%), from €19 to €4
mainly Net result for the year (-€2,010)
- Profit (loss) carried forward -€2,010
down €2,010 (-7.8%), from -€25,641 to -€27,651
- Trade debts +€527
up €527 (+84.3%), from €625 to €1,152
- Other debts +€174
new in 2022: €174
- Short-term financial debts +€169
new in 2022: €169
- Debts after one year +€50
up €50 (+0.7%), from €7,300 to €7,350
- Gross operating margin -€214
down €214 (-56.2%), from -€381 to -€596
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,135 | €44 | -€1,091 | -96.1% |
| Fixed assets | 21/28 | €1,115 | €40 | -€1,075 | -96.4% |
| Tangible fixed assets | 22/27 | €1,075 | - | -€1,075 | |
| Furniture and vehicles | 24 | €1,075 | - | -€1,075 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €19 | €4 | -€16 | -80.8% |
| Cash at bank and in hand | 54/58 | €19 | €4 | -€16 | -80.8% |
| Total equity and liabilities | 10/49 | €1,135 | €44 | -€1,091 | -96.1% |
| Equity | 10/15 | -€7,049 | -€9,059 | -€2,010 | -28.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,641 | -€27,651 | -€2,010 | -7.8% |
| Amounts payable | 17/49 | €8,184 | €9,103 | +€920 | +11.2% |
| Amounts payable after more than one year | 17 | €7,300 | €7,350 | +€50 | +0.7% |
| Financial debts | 170/4 | €7,300 | €7,350 | +€50 | +0.7% |
| Amounts payable within one year | 42/48 | €884 | €1,753 | +€870 | +98.4% |
| Financial debts | 43 | - | €169 | +€169 | |
| Credit institutions | 430/8 | - | €169 | +€169 | |
| Trade debts | 44 | €625 | €1,152 | +€527 | +84.3% |
| Suppliers | 440/4 | €625 | €1,152 | +€527 | +84.3% |
| Taxes, remuneration and social security | 45 | €259 | €259 | = | 0.0% |
| Taxes | 450/3 | €259 | €259 | = | 0.0% |
| Other amounts payable | 47/48 | - | €174 | +€174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,075 | €1,075 | -€0 | 0.0% |
| Gross operating margin | 9900 | -€381 | -€596 | -€214 | -56.2% |
| Operating profit (loss) | 9901 | -€1,456 | -€1,671 | -€214 | -14.7% |
| Financial charges | 65/66B | €337 | €339 | +€3 | +0.8% |
| Recurring financial charges | 65 | €337 | €339 | +€3 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,793 | -€2,010 | -€217 | -12.1% |
| Profit (loss) for the period | 9904 | -€1,793 | -€2,010 | -€217 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,793 | -€2,010 | -€217 | -12.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.