IA MANAGEMENT: 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.
IA MANAGEMENT
Largest movements
- Tangible fixed assets +€41,771
up €41,771 (+144.1%), from €28,995 to €70,766
of which Furniture and vehicles: +€43,702
- Cash -€38,587
down €38,587 (-13.9%), from €277,596 to €239,008
mainly Other debts (-€76,492) and Contributions, distributions and other (-€70,000)
- Reserves +€90,000
up €90,000 (+75.6%), from €119,000 to €209,000
- Other debts -€76,492
down €76,492 (-56.1%), from €136,398 to €59,906
- Tax, wage and social debts -€18,130
down €18,130 (-37.6%), from €48,256 to €30,126
of which Taxes: -€18,907
- Debts after one year +€7,699
up €7,699 (+161.5%), from €4,768 to €12,467
- Financial income +€48,623
up €48,623 (+89.1%), from €54,548 to €103,171
- Taxes +€9,225
up €9,225 (+54.0%), from €17,096 to €26,322
- Depreciation -€6,299
down €6,299 (-60.0%), from €10,500 to €4,201
- Gross operating margin +€2,743
up €2,743 (+3.2%), from €85,608 to €88,351
- Other operating charges +€1,364
up €1,364 (+147.2%), from €926 to €2,290
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 | €324,741 | €325,425 | +€684 | +0.2% |
| Fixed assets | 21/28 | €32,145 | €73,916 | +€41,771 | +129.9% |
| Tangible fixed assets | 22/27 | €28,995 | €70,766 | +€41,771 | +144.1% |
| Furniture and vehicles | 24 | €14,742 | €58,445 | +€43,702 | +296.4% |
| Other tangible fixed assets | 26 | €14,253 | €12,321 | -€1,931 | -13.6% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €292,596 | €251,508 | -€41,087 | -14.0% |
| Amounts receivable within one year | 40/41 | €15,000 | €12,500 | -€2,500 | -16.7% |
| Trade receivables | 40 | €15,000 | €12,500 | -€2,500 | -16.7% |
| Cash at bank and in hand | 54/58 | €277,596 | €239,008 | -€38,587 | -13.9% |
| Total equity and liabilities | 10/49 | €324,741 | €325,425 | +€684 | +0.2% |
| Equity | 10/15 | €128,151 | €216,395 | +€88,244 | +68.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €119,000 | €209,000 | +€90,000 | +75.6% |
| Distributable reserves | 133 | €119,000 | €209,000 | +€90,000 | +75.6% |
| Profit (loss) carried forward | 14 | €4,151 | €2,395 | -€1,756 | -42.3% |
| Amounts payable | 17/49 | €196,590 | €109,030 | -€87,560 | -44.5% |
| Amounts payable after more than one year | 17 | €4,768 | €12,467 | +€7,699 | +161.5% |
| Financial debts | 170/4 | €4,768 | €12,467 | +€7,699 | +161.5% |
| Amounts payable within one year | 42/48 | €191,822 | €96,563 | -€95,260 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €7,093 | €6,475 | -€618 | -8.7% |
| Trade debts | 44 | €75 | €55 | -€20 | -26.6% |
| Suppliers | 440/4 | €75 | €55 | -€20 | -26.6% |
| Taxes, remuneration and social security | 45 | €48,256 | €30,126 | -€18,130 | -37.6% |
| Taxes | 450/3 | €43,618 | €24,711 | -€18,907 | -43.3% |
| Remuneration and social security | 454/9 | €4,638 | €5,415 | +€778 | +16.8% |
| Other amounts payable | 47/48 | €136,398 | €59,906 | -€76,492 | -56.1% |
| Non-recurring operating income | 76A | - | €8,295 | +€8,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,500 | €4,201 | -€6,299 | -60.0% |
| Other operating charges | 640/8 | €926 | €2,290 | +€1,364 | +147.2% |
| Gross operating margin | 9900 | €85,608 | €88,351 | +€2,743 | +3.2% |
| Operating profit (loss) | 9901 | €74,182 | €81,859 | +€7,678 | +10.3% |
| Financial income | 75/76B | €54,548 | €103,171 | +€48,623 | +89.1% |
| Recurring financial income | 75 | €54,548 | €103,171 | +€48,623 | +89.1% |
| Financial charges | 65/66B | €412 | €465 | +€53 | +12.9% |
| Recurring financial charges | 65 | €412 | €465 | +€53 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €128,318 | €184,566 | +€56,248 | +43.8% |
| Income taxes | 67/77 | €17,096 | €26,322 | +€9,225 | +54.0% |
| Profit (loss) for the period | 9904 | €111,221 | €158,244 | +€47,022 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €111,221 | €158,244 | +€47,022 | +42.3% |
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 10 October 2026 via checked.be.