I-Holding: 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-Holding
Largest movements
- Receivables within one year +€938,500
up €938,500 (+969.5%), from €96,800 to €1.0m
of which Other amounts receivable: +€999,000
- Tangible fixed assets -€111,495
no longer reported in 2025 (was €111,495)
- Reserves +€665,143
up €665,143 (+58.6%), from €1.1m to €1.8m
- Other debts +€192,655
up €192,655 (+190.7%), from €101,000 to €293,655
- Debts after one year -€79,183
no longer reported in 2025 (was €79,183)
- Tax, wage and social debts +€70,972
up €70,972 (+167.7%), from €42,314 to €113,286
- Current portion of long-term debt -€25,438
no longer reported in 2025 (was €25,438)
- Financial income +€1.0m
new in 2025: €1.0m
of which Financial income: +€1.0m
- Gross operating margin -€196,385
down €196,385 (-80.9%), from €242,632 to €46,247
- Taxes +€39,811
up €39,811 (+64.7%), from €61,575 to €101,386
- Depreciation -€29,339
no longer reported in 2025 (was €29,339)
- Other operating charges +€5,176
up €5,176 (+327.4%), from €1,581 to €6,757
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 | €1,400,504 | €2,226,027 | +€825,523 | +58.9% |
| Fixed assets | 21/28 | €1,275,354 | €1,163,860 | -€111,495 | -8.7% |
| Tangible fixed assets | 22/27 | €111,495 | - | -€111,495 | |
| Furniture and vehicles | 24 | €111,495 | - | -€111,495 | |
| Financial fixed assets | 28 | €1,163,860 | €1,163,860 | = | 0.0% |
| Current assets | 29/58 | €125,149 | €1,062,167 | +€937,018 | +748.7% |
| Amounts receivable within one year | 40/41 | €96,800 | €1,035,300 | +€938,500 | +969.5% |
| Trade receivables | 40 | €96,800 | €36,300 | -€60,500 | -62.5% |
| Other amounts receivable | 41 | - | €999,000 | +€999,000 | |
| Cash at bank and in hand | 54/58 | €24,292 | €23,380 | -€912 | -3.8% |
| Deferred charges and accrued income | 490/1 | €4,057 | €3,487 | -€570 | -14.0% |
| Total equity and liabilities | 10/49 | €1,400,504 | €2,226,027 | +€825,523 | +58.9% |
| Equity | 10/15 | €1,150,938 | €1,816,081 | +€665,143 | +57.8% |
| Contributions | 10/11 | €15,535 | €15,535 | = | 0.0% |
| Reserves | 13 | €1,135,402 | €1,800,545 | +€665,143 | +58.6% |
| Distributable reserves | 133 | €1,135,402 | €1,800,545 | +€665,143 | +58.6% |
| Amounts payable | 17/49 | €249,566 | €409,946 | +€160,379 | +64.3% |
| Amounts payable after more than one year | 17 | €79,183 | - | -€79,183 | |
| Financial debts | 170/4 | €79,183 | - | -€79,183 | |
| Amounts payable within one year | 42/48 | €170,384 | €407,957 | +€237,574 | +139.4% |
| Current portion of amounts payable after more than one year | 42 | €25,438 | - | -€25,438 | |
| Trade debts | 44 | €1,632 | €1,017 | -€615 | -37.7% |
| Suppliers | 440/4 | €1,632 | €1,017 | -€615 | -37.7% |
| Taxes, remuneration and social security | 45 | €42,314 | €113,286 | +€70,972 | +167.7% |
| Taxes | 450/3 | €42,314 | €113,286 | +€70,972 | +167.7% |
| Other amounts payable | 47/48 | €101,000 | €293,655 | +€192,655 | +190.7% |
| Accrued charges and deferred income | 492/3 | - | €1,989 | +€1,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,339 | - | -€29,339 | |
| Other operating charges | 640/8 | €1,581 | €6,757 | +€5,176 | +327.4% |
| Non-recurring operating charges | 66A | - | €30,495 | +€30,495 | |
| Gross operating margin | 9900 | €242,632 | €46,247 | -€196,385 | -80.9% |
| Operating profit (loss) | 9901 | €211,712 | €8,994 | -€202,718 | -95.8% |
| Financial income | 75/76B | - | €1,000,000 | +€1.0m | |
| Recurring financial income | 75 | - | €1,000,000 | +€1.0m | |
| Non-recurring financial income | 76B | - | €1,000,000 | +€1.0m | |
| Financial charges | 65/66B | €5,902 | €8,071 | +€2,169 | +36.8% |
| Recurring financial charges | 65 | €5,902 | €8,071 | +€2,169 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €205,811 | €1,000,924 | +€795,113 | +386.3% |
| Income taxes | 67/77 | €61,575 | €101,386 | +€39,811 | +64.7% |
| Profit (loss) for the period | 9904 | €144,236 | €899,538 | +€755,302 | +523.7% |
| Profit (loss) for the period to be appropriated | 9905 | €144,236 | €899,538 | +€755,302 | +523.7% |
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 6 October 2026 via checked.be.