I-WASH: 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-WASH
Largest movements
- Cash +€29,688
up €29,688 (+89.0%), from €33,346 to €63,034
mainly Net result for the year (+€75,563) and Other debts (+€47,000)
- Receivables within one year +€25,796
up €25,796 (+21.5%), from €120,020 to €145,816
of which Trade receivables: +€14,389
- Tangible fixed assets +€11,492
up €11,492 (+24.6%), from €46,762 to €58,253
of which Plant, machinery and equipment: +€22,313
- Other debts +€47,000
new in 2025: €47,000
- Reserves +€28,563
up €28,563 (+24.3%), from €117,387 to €145,949
- Debts after one year -€17,343
down €17,343 (-59.0%), from €29,385 to €12,042
- Trade debts +€10,174
up €10,174 (+220.9%), from €4,605 to €14,778
- Gross operating margin +€93,992
up €93,992 (+67.2%), from €139,939 to €233,930
- Staff costs +€57,832
up €57,832 (+91.0%), from €63,525 to €121,357
- Taxes +€6,801
up €6,801 (+50.1%), from €13,563 to €20,363
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 | €200,207 | €268,323 | +€68,116 | +34.0% |
| Fixed assets | 21/28 | €46,762 | €59,393 | +€12,632 | +27.0% |
| Tangible fixed assets | 22/27 | €46,762 | €58,253 | +€11,492 | +24.6% |
| Plant, machinery and equipment | 23 | €3,322 | €25,636 | +€22,313 | +671.6% |
| Furniture and vehicles | 24 | €14,099 | €10,762 | -€3,337 | -23.7% |
| Leasing and similar rights | 25 | €17,022 | €12,427 | -€4,595 | -27.0% |
| Other tangible fixed assets | 26 | €12,318 | €9,429 | -€2,889 | -23.5% |
| Financial fixed assets | 28 | - | €1,140 | +€1,140 | |
| Current assets | 29/58 | €153,446 | €208,930 | +€55,484 | +36.2% |
| Amounts receivable within one year | 40/41 | €120,020 | €145,816 | +€25,796 | +21.5% |
| Trade receivables | 40 | €19,774 | €34,163 | +€14,389 | +72.8% |
| Other amounts receivable | 41 | €100,246 | €111,654 | +€11,407 | +11.4% |
| Cash at bank and in hand | 54/58 | €33,346 | €63,034 | +€29,688 | +89.0% |
| Deferred charges and accrued income | 490/1 | €79 | €79 | = | 0.0% |
| Total equity and liabilities | 10/49 | €200,207 | €268,323 | +€68,116 | +34.0% |
| Equity | 10/15 | €120,387 | €148,949 | +€28,563 | +23.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €117,387 | €145,949 | +€28,563 | +24.3% |
| Distributable reserves | 133 | €117,387 | €145,949 | +€28,563 | +24.3% |
| Amounts payable | 17/49 | €79,821 | €119,374 | +€39,553 | +49.6% |
| Amounts payable after more than one year | 17 | €29,385 | €12,042 | -€17,343 | -59.0% |
| Financial debts | 170/4 | €29,385 | €12,042 | -€17,343 | -59.0% |
| Amounts payable within one year | 42/48 | €49,344 | €105,468 | +€56,125 | +113.7% |
| Current portion of amounts payable after more than one year | 42 | €16,555 | €17,343 | +€788 | +4.8% |
| Financial debts | 43 | €3,390 | €3,400 | +€10 | +0.3% |
| Credit institutions | 430/8 | €3,390 | €3,400 | +€10 | +0.3% |
| Trade debts | 44 | €4,605 | €14,778 | +€10,174 | +220.9% |
| Suppliers | 440/4 | €4,605 | €14,778 | +€10,174 | +220.9% |
| Taxes, remuneration and social security | 45 | €24,794 | €22,947 | -€1,847 | -7.4% |
| Taxes | 450/3 | €15,116 | €11,681 | -€3,435 | -22.7% |
| Remuneration and social security | 454/9 | €9,678 | €11,266 | +€1,588 | +16.4% |
| Other amounts payable | 47/48 | - | €47,000 | +€47,000 | |
| Accrued charges and deferred income | 492/3 | €1,092 | €1,863 | +€771 | +70.6% |
| Remuneration, social security and pensions | 62 | €63,525 | €121,357 | +€57,832 | +91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,932 | €17,174 | +€2,242 | +15.0% |
| Other operating charges | 640/8 | €2,357 | €1,718 | -€639 | -27.1% |
| Gross operating margin | 9900 | €139,939 | €233,930 | +€93,992 | +67.2% |
| Operating profit (loss) | 9901 | €59,124 | €93,681 | +€34,557 | +58.4% |
| Financial income | 75/76B | €5,943 | €5,274 | -€668 | -11.2% |
| Recurring financial income | 75 | €5,943 | €5,274 | -€668 | -11.2% |
| Financial charges | 65/66B | €3,670 | €3,029 | -€640 | -17.4% |
| Recurring financial charges | 65 | €3,670 | €3,029 | -€640 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €61,397 | €95,926 | +€34,529 | +56.2% |
| Income taxes | 67/77 | €13,563 | €20,363 | +€6,801 | +50.1% |
| Profit (loss) for the period | 9904 | €47,835 | €75,563 | +€27,728 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,835 | €75,563 | +€27,728 | +58.0% |
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 12 October 2026 via checked.be.