I.F.S.: 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.F.S.
Largest movements
- Tangible fixed assets -€12,067
down €12,067 (-5.6%), from €216,014 to €203,947
of which Land and buildings: -€10,700
- Receivables within one year +€6,507
up €6,507 (+22.2%), from €29,325 to €35,832
- Debts after one year -€12,504
down €12,504 (-30.2%), from €41,390 to €28,886
of which Financial debts: -€12,504
- Profit (loss) carried forward +€10,443
up €10,443 (+32.8%), from -€31,853 to -€21,410
- Trade debts -€3,938
down €3,938 (-59.2%), from €6,656 to €2,718
- Gross operating margin +€14,069
up €14,069 (+106%), from €13,249 to €27,318
- Taxes +€1,230
new in 2025: €1,230
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 | €245,339 | €240,035 | -€5,304 | -2.2% |
| Fixed assets | 21/28 | €216,014 | €203,947 | -€12,067 | -5.6% |
| Tangible fixed assets | 22/27 | €216,014 | €203,947 | -€12,067 | -5.6% |
| Land and buildings | 22 | €211,218 | €200,518 | -€10,700 | -5.1% |
| Plant, machinery and equipment | 23 | €4,796 | €3,429 | -€1,367 | -28.5% |
| Current assets | 29/58 | €29,325 | €36,088 | +€6,763 | +23.1% |
| Amounts receivable within one year | 40/41 | €29,325 | €35,832 | +€6,507 | +22.2% |
| Trade receivables | 40 | €29,325 | €35,832 | +€6,507 | +22.2% |
| Cash at bank and in hand | 54/58 | - | €256 | +€256 | |
| Total equity and liabilities | 10/49 | €245,339 | €240,035 | -€5,304 | -2.2% |
| Equity | 10/15 | €68,147 | €78,590 | +€10,443 | +15.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,853 | -€21,410 | +€10,443 | +32.8% |
| Amounts payable | 17/49 | €177,192 | €161,445 | -€15,747 | -8.9% |
| Amounts payable after more than one year | 17 | €41,390 | €28,886 | -€12,504 | -30.2% |
| Financial debts | 170/4 | €36,390 | €23,886 | -€12,504 | -34.4% |
| Advances received on contracts in progress | 176 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €133,466 | €130,163 | -€3,303 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €12,504 | €12,504 | = | 0.0% |
| Financial debts | 43 | €150 | - | -€150 | |
| Credit institutions | 430/8 | €150 | - | -€150 | |
| Trade debts | 44 | €6,656 | €2,718 | -€3,938 | -59.2% |
| Suppliers | 440/4 | €6,656 | €2,718 | -€3,938 | -59.2% |
| Other amounts payable | 47/48 | €114,156 | €114,941 | +€785 | +0.7% |
| Accrued charges and deferred income | 492/3 | €2,336 | €2,396 | +€60 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,066 | €12,067 | +€1 | 0.0% |
| Other operating charges | 640/8 | €2,693 | €2,613 | -€80 | -3.0% |
| Gross operating margin | 9900 | €13,249 | €27,318 | +€14,069 | +106% |
| Operating profit (loss) | 9901 | -€1,510 | €12,638 | +€14,148 | |
| Financial charges | 65/66B | €1,204 | €965 | -€239 | -19.9% |
| Recurring financial charges | 65 | €1,204 | €965 | -€239 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,714 | €11,673 | +€14,387 | |
| Income taxes | 67/77 | - | €1,230 | +€1,230 | |
| Profit (loss) for the period | 9904 | -€2,714 | €10,443 | +€13,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,714 | €10,443 | +€13,157 |
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 30 October 2026 via checked.be.