I-FACE: 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-FACE
Largest movements
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Receivables within one year +€144,244
up €144,244 (+708.0%), from €20,374 to €164,618
of which Trade receivables: +€135,230
- Cash +€84,524
up €84,524 (+28.8%), from €293,053 to €377,576
mainly Other debts (+€368,431) and Net result for the year (+€339,929)
- Other debts +€368,431
up €368,431, from €0 to €368,431
- Reserves -€254,188
down €254,188 (-53.8%), from €472,174 to €217,986
- Tax, wage and social debts -€79,216
down €79,216 (-100.0%), from €79,216 to €0
- Gross operating margin -€106,659
down €106,659 (-19.1%), from €559,258 to €452,599
- Taxes -€25,587
down €25,587 (-19.1%), from €134,216 to €108,629
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 | €561,712 | €593,637 | +€31,925 | +5.7% |
| Fixed assets | 21/28 | €41,202 | €44,145 | +€2,943 | +7.1% |
| Tangible fixed assets | 22/27 | €41,202 | €44,145 | +€2,943 | +7.1% |
| Land and buildings | 22 | €5,848 | €12,628 | +€6,781 | +116.0% |
| Furniture and vehicles | 24 | €35,355 | €31,517 | -€3,838 | -10.9% |
| Current assets | 29/58 | €520,510 | €549,492 | +€28,982 | +5.6% |
| Amounts receivable within one year | 40/41 | €20,374 | €164,618 | +€144,244 | +708.0% |
| Trade receivables | 40 | €11,889 | €147,120 | +€135,230 | +1137.4% |
| Other amounts receivable | 41 | €8,485 | €17,499 | +€9,014 | +106.2% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €293,053 | €377,576 | +€84,524 | +28.8% |
| Deferred charges and accrued income | 490/1 | €7,083 | €7,297 | +€214 | +3.0% |
| Total equity and liabilities | 10/49 | €561,712 | €593,637 | +€31,925 | +5.7% |
| Equity | 10/15 | €475,174 | €220,986 | -€254,188 | -53.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €472,174 | €217,986 | -€254,188 | -53.8% |
| Distributable reserves | 133 | €472,174 | €217,986 | -€254,188 | -53.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,538 | €372,651 | +€286,113 | +330.6% |
| Amounts payable within one year | 42/48 | €86,451 | €372,565 | +€286,115 | +331.0% |
| Trade debts | 44 | €7,234 | €3,965 | -€3,269 | -45.2% |
| Suppliers | 440/4 | €7,234 | €3,965 | -€3,269 | -45.2% |
| Advances received on contracts in progress | 46 | - | €169 | +€169 | |
| Taxes, remuneration and social security | 45 | €79,216 | €0 | -€79,216 | -100.0% |
| Taxes | 450/3 | €79,216 | €0 | -€79,216 | -100.0% |
| Other amounts payable | 47/48 | €0 | €368,431 | +€368,431 | |
| Accrued charges and deferred income | 492/3 | €87 | €86 | -€1 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,995 | €5,057 | +€2,062 | +68.8% |
| Other operating charges | 640/8 | €318 | €807 | +€489 | +153.8% |
| Gross operating margin | 9900 | €559,258 | €452,599 | -€106,659 | -19.1% |
| Operating profit (loss) | 9901 | €555,945 | €446,735 | -€109,210 | -19.6% |
| Financial income | 75/76B | €16 | €3,766 | +€3,749 | +22917.0% |
| Recurring financial income | 75 | €16 | €3,766 | +€3,749 | +22917.0% |
| Financial charges | 65/66B | €1,813 | €1,942 | +€129 | +7.1% |
| Recurring financial charges | 65 | €1,813 | €1,942 | +€129 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €554,149 | €448,559 | -€105,590 | -19.1% |
| Income taxes | 67/77 | €134,216 | €108,629 | -€25,587 | -19.1% |
| Profit (loss) for the period | 9904 | €419,932 | €339,929 | -€80,003 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €419,932 | €339,929 | -€80,003 | -19.1% |
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 2 October 2026 via checked.be.