iɅero: 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.
iɅero
Largest movements
- Cash -€50,157
down €50,157 (-82.3%), from €60,980 to €10,823
mainly Contributions, distributions and other (-€50,000) and Current investments (-€48,667)
- Current investments +€48,667
up €48,667 (+50.6%), from €96,260 to €144,926
- Tangible fixed assets -€3,118
down €3,118 (-33.9%), from €9,185 to €6,067
- Other debts -€20,210
down €20,210 (-12.3%), from €163,696 to €143,486
- Profit (loss) carried forward +€9,227
up €9,227 (+100%), from €9,227 to €18,454
- Tax, wage and social debts +€8,932
up €8,932 (+228%), from €3,923 to €12,855
- Current portion of long-term debt -€1,961
no longer reported in 2025 (was €1,961)
- Other operating charges +€3,088
up €3,088 (+195%), from €1,584 to €4,671
- Financial charges +€3,043
up €3,043 (+3,079%), from €99 to €3,142
- Taxes +€2,164
up €2,164 (+11.4%), from €18,917 to €21,081
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 | €180,011 | €175,613 | -€4,398 | -2.4% |
| Fixed assets | 21/28 | €9,185 | €6,067 | -€3,118 | -33.9% |
| Tangible fixed assets | 22/27 | €9,185 | €6,067 | -€3,118 | -33.9% |
| Furniture and vehicles | 24 | €9,185 | €6,067 | -€3,118 | -33.9% |
| Current assets | 29/58 | €170,826 | €169,546 | -€1,280 | -0.7% |
| Amounts receivable within one year | 40/41 | €13,552 | €13,797 | +€245 | +1.8% |
| Trade receivables | 40 | €13,552 | €13,797 | +€245 | +1.8% |
| Current investments | 50/53 | €96,260 | €144,926 | +€48,667 | +50.6% |
| Cash at bank and in hand | 54/58 | €60,980 | €10,823 | -€50,157 | -82.3% |
| Deferred charges and accrued income | 490/1 | €35 | - | -€35 | |
| Total equity and liabilities | 10/49 | €180,011 | €175,613 | -€4,398 | -2.4% |
| Equity | 10/15 | €9,327 | €18,554 | +€9,227 | +98.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,227 | €18,454 | +€9,227 | +100% |
| Amounts payable | 17/49 | €170,684 | €157,059 | -€13,625 | -8.0% |
| Amounts payable within one year | 42/48 | €170,684 | €157,059 | -€13,625 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €1,961 | - | -€1,961 | |
| Trade debts | 44 | €1,105 | €718 | -€387 | -35.0% |
| Suppliers | 440/4 | €1,105 | €718 | -€387 | -35.0% |
| Taxes, remuneration and social security | 45 | €3,923 | €12,855 | +€8,932 | +228% |
| Taxes | 450/3 | €3,923 | €12,855 | +€8,932 | +228% |
| Other amounts payable | 47/48 | €163,696 | €143,486 | -€20,210 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,959 | €4,328 | +€369 | +9.3% |
| Other operating charges | 640/8 | €1,584 | €4,671 | +€3,088 | +195% |
| Gross operating margin | 9900 | €92,023 | €91,783 | -€239 | -0.3% |
| Operating profit (loss) | 9901 | €86,480 | €82,784 | -€3,696 | -4.3% |
| Financial income | 75/76B | €227 | €667 | +€440 | +193% |
| Recurring financial income | 75 | €227 | €667 | +€440 | +193% |
| Financial charges | 65/66B | €99 | €3,142 | +€3,043 | +3,079% |
| Recurring financial charges | 65 | €99 | €3,142 | +€3,043 | +3,079% |
| Profit (loss) for the period before taxes | 9903 | €86,608 | €80,308 | -€6,300 | -7.3% |
| Income taxes | 67/77 | €18,917 | €21,081 | +€2,164 | +11.4% |
| Profit (loss) for the period | 9904 | €67,692 | €59,227 | -€8,464 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,692 | €59,227 | -€8,464 | -12.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.