I & I Projects: what changed
I & I Projects
Largest movements
- Receivables within one year -€11,146
down €11,146 (-42.8%), from €26,042 to €14,895
of which Trade receivables: -€6,491
- Tangible fixed assets -€7,547
down €7,547 (-37.3%), from €20,224 to €12,677
of which Furniture and vehicles: -€6,771
- Cash -€1,376
down €1,376 (-1.8%), from €76,418 to €75,042
mainly Accrued charges and deferred income (-€15,037) and Debts after one year (-€5,986)
- Accrued charges and deferred income -€15,037
down €15,037 (-96.1%), from €15,648 to €610
- Debts after one year -€5,986
down €5,986 (-50.9%), from €11,767 to €5,781
- Profit (loss) carried forward +€5,508
up €5,508 (+7.0%), from €78,721 to €84,229
- Trade debts -€4,313
down €4,313 (-69.4%), from €6,212 to €1,899
- Other debts +€1,593
new in 2025: €1,593
- Gross operating margin -€13,021
down €13,021 (-44.1%), from €29,514 to €16,493
- Taxes -€2,369
down €2,369 (-51.8%), from €4,572 to €2,203
- Staff costs +€530
up €530 (+235%), from €225 to €755
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,226 | €106,798 | -€19,428 | -15.4% |
| Fixed assets | 21/28 | €20,224 | €12,677 | -€7,547 | -37.3% |
| Tangible fixed assets | 22/27 | €20,224 | €12,677 | -€7,547 | -37.3% |
| Plant, machinery and equipment | 23 | €1,754 | €978 | -€775 | -44.2% |
| Furniture and vehicles | 24 | €18,470 | €11,699 | -€6,771 | -36.7% |
| Current assets | 29/58 | €106,002 | €94,121 | -€11,881 | -11.2% |
| Stocks and contracts in progress | 3 | €1,395 | €1,645 | +€251 | +18.0% |
| Stocks | 30/36 | €1,395 | €1,645 | +€251 | +18.0% |
| Amounts receivable within one year | 40/41 | €26,042 | €14,895 | -€11,146 | -42.8% |
| Trade receivables | 40 | €16,021 | €9,530 | -€6,491 | -40.5% |
| Other amounts receivable | 41 | €10,021 | €5,365 | -€4,656 | -46.5% |
| Cash at bank and in hand | 54/58 | €76,418 | €75,042 | -€1,376 | -1.8% |
| Deferred charges and accrued income | 490/1 | €2,147 | €2,538 | +€391 | +18.2% |
| Total equity and liabilities | 10/49 | €126,226 | €106,798 | -€19,428 | -15.4% |
| Equity | 10/15 | €81,721 | €87,229 | +€5,508 | +6.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,721 | €84,229 | +€5,508 | +7.0% |
| Amounts payable | 17/49 | €44,505 | €19,569 | -€24,936 | -56.0% |
| Amounts payable after more than one year | 17 | €11,767 | €5,781 | -€5,986 | -50.9% |
| Financial debts | 170/4 | €11,767 | €5,781 | -€5,986 | -50.9% |
| Amounts payable within one year | 42/48 | €17,090 | €13,178 | -€3,912 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €5,877 | €5,986 | +€109 | +1.8% |
| Trade debts | 44 | €6,212 | €1,899 | -€4,313 | -69.4% |
| Suppliers | 440/4 | €6,212 | €1,899 | -€4,313 | -69.4% |
| Taxes, remuneration and social security | 45 | €5,000 | €3,700 | -€1,300 | -26.0% |
| Taxes | 450/3 | €4,750 | €1,950 | -€2,800 | -59.0% |
| Remuneration and social security | 454/9 | €250 | €1,750 | +€1,500 | +600% |
| Other amounts payable | 47/48 | - | €1,593 | +€1,593 | |
| Accrued charges and deferred income | 492/3 | €15,648 | €610 | -€15,037 | -96.1% |
| Remuneration, social security and pensions | 62 | €225 | €755 | +€530 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,547 | €7,547 | = | 0.0% |
| Other operating charges | 640/8 | €216 | €182 | -€34 | -15.9% |
| Gross operating margin | 9900 | €29,514 | €16,493 | -€13,021 | -44.1% |
| Operating profit (loss) | 9901 | €21,526 | €8,010 | -€13,516 | -62.8% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €570 | €348 | -€222 | -39.0% |
| Recurring financial charges | 65 | €570 | €348 | -€222 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €20,956 | €7,711 | -€13,245 | -63.2% |
| Income taxes | 67/77 | €4,572 | €2,203 | -€2,369 | -51.8% |
| Profit (loss) for the period | 9904 | €16,384 | €5,508 | -€10,876 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,384 | €5,508 | -€10,876 | -66.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.