IACI: 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.
IACI
Largest movements
- Deferred charges and accrued income +€44,194
up €44,194 (+652.7%), from €6,771 to €50,965
- Cash -€22,355
down €22,355 (-99.7%), from €22,424 to €69
mainly Net result for the year (-€146,954) and Tax, wage and social debts (-€52,307)
- Tangible fixed assets -€15,435
down €15,435 (-15.5%), from €99,477 to €84,042
of which Furniture and vehicles: -€14,145
- Intangible fixed assets +€4,839
new in 2025: €4,839
- Receivables within one year +€2,281
up €2,281 (+7.4%), from €30,712 to €32,992
of which Other amounts receivable: +€17,793
- Profit (loss) carried forward -€146,954
down €146,954 (-113.1%), from -€129,957 to -€276,911
- Other debts +€127,550
up €127,550 (+519.1%), from €24,569 to €152,119
- Trade debts +€102,705
up €102,705 (+156.5%), from €65,612 to €168,316
- Tax, wage and social debts -€52,307
down €52,307 (-92.8%), from €56,351 to €4,044
of which Taxes: -€35,573
- Debts after one year -€17,846
down €17,846 (-29.4%), from €60,639 to €42,793
of which Financial debts: -€17,846
- Gross operating margin -€154,489
down €154,489, from €42,121 to -€112,368
- Staff costs -€46,955
down €46,955 (-85.7%), from €54,786 to €7,832
- Other operating charges -€15,351
down €15,351 (-73.2%), from €20,972 to €5,620
- Financial charges -€5,958
down €5,958 (-58.9%), from €10,119 to €4,161
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 | €164,027 | €177,550 | +€13,523 | +8.2% |
| Fixed assets | 21/28 | €99,477 | €88,881 | -€10,597 | -10.7% |
| Intangible fixed assets | 21 | - | €4,839 | +€4,839 | |
| Tangible fixed assets | 22/27 | €99,477 | €84,042 | -€15,435 | -15.5% |
| Land and buildings | 22 | €41,743 | €40,303 | -€1,439 | -3.4% |
| Furniture and vehicles | 24 | €51,310 | €37,165 | -€14,145 | -27.6% |
| Other tangible fixed assets | 26 | €6,424 | €6,574 | +€149 | +2.3% |
| Current assets | 29/58 | €64,550 | €88,669 | +€24,119 | +37.4% |
| Amounts receivable after more than one year | 29 | €4,643 | €4,643 | = | 0.0% |
| Other amounts receivable | 291 | €4,643 | €4,643 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,712 | €32,992 | +€2,281 | +7.4% |
| Trade receivables | 40 | €27,898 | €12,385 | -€15,512 | -55.6% |
| Other amounts receivable | 41 | €2,814 | €20,607 | +€17,793 | +632.3% |
| Cash at bank and in hand | 54/58 | €22,424 | €69 | -€22,355 | -99.7% |
| Deferred charges and accrued income | 490/1 | €6,771 | €50,965 | +€44,194 | +652.7% |
| Total equity and liabilities | 10/49 | €164,027 | €177,550 | +€13,523 | +8.2% |
| Equity | 10/15 | -€64,429 | -€211,383 | -€146,954 | -228.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €55,528 | €55,528 | = | 0.0% |
| Distributable reserves | 133 | €55,528 | €55,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,957 | -€276,911 | -€146,954 | -113.1% |
| Amounts payable | 17/49 | €228,456 | €388,933 | +€160,477 | +70.2% |
| Amounts payable after more than one year | 17 | €60,639 | €42,793 | -€17,846 | -29.4% |
| Financial debts | 170/4 | €59,639 | €41,793 | -€17,846 | -29.9% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €163,615 | €346,139 | +€182,525 | +111.6% |
| Current portion of amounts payable after more than one year | 42 | €17,083 | €17,846 | +€763 | +4.5% |
| Financial debts | 43 | - | €3,815 | +€3,815 | |
| Credit institutions | 430/8 | - | €3,815 | +€3,815 | |
| Trade debts | 44 | €65,612 | €168,316 | +€102,705 | +156.5% |
| Suppliers | 440/4 | €65,612 | €168,316 | +€102,705 | +156.5% |
| Taxes, remuneration and social security | 45 | €56,351 | €4,044 | -€52,307 | -92.8% |
| Taxes | 450/3 | €39,617 | €4,044 | -€35,573 | -89.8% |
| Remuneration and social security | 454/9 | €16,734 | - | -€16,734 | |
| Other amounts payable | 47/48 | €24,569 | €152,119 | +€127,550 | +519.1% |
| Accrued charges and deferred income | 492/3 | €4,202 | - | -€4,202 | |
| Non-recurring operating income | 76A | €2,021 | - | -€2,021 | |
| Remuneration, social security and pensions | 62 | €54,786 | €7,832 | -€46,955 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,681 | €17,792 | +€1,111 | +6.7% |
| Other operating charges | 640/8 | €20,972 | €5,620 | -€15,351 | -73.2% |
| Gross operating margin | 9900 | €42,121 | -€112,368 | -€154,489 | |
| Operating profit (loss) | 9901 | -€50,318 | -€143,612 | -€93,294 | -185.4% |
| Financial income | 75/76B | €1 | €1,089 | +€1,089 | +194419.6% |
| Recurring financial income | 75 | €1 | €1,089 | +€1,089 | +194419.6% |
| Financial charges | 65/66B | €10,119 | €4,161 | -€5,958 | -58.9% |
| Recurring financial charges | 65 | €10,119 | €4,161 | -€5,958 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | -€60,436 | -€146,683 | -€86,247 | -142.7% |
| Income taxes | 67/77 | €670 | €271 | -€399 | -59.5% |
| Profit (loss) for the period | 9904 | -€61,106 | -€146,954 | -€85,848 | -140.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,106 | -€146,954 | -€85,848 | -140.5% |
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.