I-Force: 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-Force
Largest movements
- Receivables within one year +€317,870
up €317,870 (+46.8%), from €679,470 to €997,340
of which Trade receivables: +€334,707
- Cash +€75,443
up €75,443 (+14.4%), from €523,509 to €598,952
mainly Other debts (+€467,237) and Net result for the year (+€317,018)
- Tangible fixed assets -€29,267
down €29,267 (-45.2%), from €64,788 to €35,520
of which Furniture and vehicles: -€27,689
- Other debts +€467,237
up €467,237 (+340%), from €137,531 to €604,768
- Reserves -€400,021
down €400,021 (-53.6%), from €746,561 to €346,540
- Tax, wage and social debts +€164,876
up €164,876 (+183%), from €90,184 to €255,061
of which Taxes: +€152,578
- Trade debts +€126,189
up €126,189 (+41.7%), from €302,957 to €429,146
- Gross operating margin +€118,569
up €118,569 (+13.5%), from €879,643 to €998,212
- Other operating charges -€56,933
down €56,933 (-88.1%), from €64,642 to €7,709
- Staff costs +€46,597
up €46,597 (+9.8%), from €477,370 to €523,967
- Taxes +€12,123
up €12,123 (+12.3%), from €98,241 to €110,364
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 | €1,320,056 | €1,677,021 | +€356,966 | +27.0% |
| Fixed assets | 21/28 | €87,915 | €52,208 | -€35,708 | -40.6% |
| Intangible fixed assets | 21 | €1,484 | €192 | -€1,291 | -87.0% |
| Tangible fixed assets | 22/27 | €64,788 | €35,520 | -€29,267 | -45.2% |
| Plant, machinery and equipment | 23 | €1,858 | €1,073 | -€785 | -42.3% |
| Furniture and vehicles | 24 | €61,704 | €34,015 | -€27,689 | -44.9% |
| Other tangible fixed assets | 26 | €1,226 | €432 | -€793 | -64.7% |
| Financial fixed assets | 28 | €21,644 | €16,495 | -€5,149 | -23.8% |
| Current assets | 29/58 | €1,232,140 | €1,624,814 | +€392,673 | +31.9% |
| Amounts receivable within one year | 40/41 | €679,470 | €997,340 | +€317,870 | +46.8% |
| Trade receivables | 40 | €625,048 | €959,755 | +€334,707 | +53.5% |
| Other amounts receivable | 41 | €54,422 | €37,585 | -€16,837 | -30.9% |
| Cash at bank and in hand | 54/58 | €523,509 | €598,952 | +€75,443 | +14.4% |
| Deferred charges and accrued income | 490/1 | €29,162 | €28,522 | -€640 | -2.2% |
| Total equity and liabilities | 10/49 | €1,320,056 | €1,677,021 | +€356,966 | +27.0% |
| Equity | 10/15 | €786,561 | €386,540 | -€400,021 | -50.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €746,561 | €346,540 | -€400,021 | -53.6% |
| Distributable reserves | 133 | €746,561 | €346,540 | -€400,021 | -53.6% |
| Amounts payable | 17/49 | €533,495 | €1,290,482 | +€756,987 | +142% |
| Amounts payable within one year | 42/48 | €531,883 | €1,290,185 | +€758,302 | +143% |
| Trade debts | 44 | €302,957 | €429,146 | +€126,189 | +41.7% |
| Suppliers | 440/4 | €302,957 | €429,146 | +€126,189 | +41.7% |
| Advances received on contracts in progress | 46 | €1,210 | €1,210 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €90,184 | €255,061 | +€164,876 | +183% |
| Taxes | 450/3 | €54,477 | €207,055 | +€152,578 | +280% |
| Remuneration and social security | 454/9 | €35,707 | €48,006 | +€12,299 | +34.4% |
| Other amounts payable | 47/48 | €137,531 | €604,768 | +€467,237 | +340% |
| Accrued charges and deferred income | 492/3 | €1,612 | €297 | -€1,316 | -81.6% |
| Remuneration, social security and pensions | 62 | €477,370 | €523,967 | +€46,597 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,800 | €41,386 | -€1,414 | -3.3% |
| Other operating charges | 640/8 | €64,642 | €7,709 | -€56,933 | -88.1% |
| Gross operating margin | 9900 | €879,643 | €998,212 | +€118,569 | +13.5% |
| Operating profit (loss) | 9901 | €294,831 | €425,150 | +€130,319 | +44.2% |
| Financial income | 75/76B | €5,798 | €3,654 | -€2,143 | -37.0% |
| Recurring financial income | 75 | €5,798 | €3,654 | -€2,143 | -37.0% |
| Financial charges | 65/66B | €1,313 | €1,423 | +€110 | +8.4% |
| Recurring financial charges | 65 | €1,313 | €1,423 | +€110 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €299,316 | €427,382 | +€128,066 | +42.8% |
| Income taxes | 67/77 | €98,241 | €110,364 | +€12,123 | +12.3% |
| Profit (loss) for the period | 9904 | €201,075 | €317,018 | +€115,943 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €201,075 | €317,018 | +€115,943 | +57.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.