IACONO STABLES: 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.
IACONO STABLES
Largest movements
- Tangible fixed assets -€16,498
down €16,498 (-3.7%), from €445,027 to €428,529
of which Land and buildings: -€27,931
- Receivables within one year -€11,298
down €11,298 (-93.8%), from €12,045 to €747
of which Other amounts receivable: -€5,680
- Profit (loss) carried forward -€29,465
down €29,465 (-101%), from -€29,047 to -€58,512
- Other debts +€26,684
up €26,684 (+551%), from €4,840 to €31,524
- Debts after one year -€20,707
down €20,707 (-5.1%), from €403,372 to €382,665
of which Financial debts: -€20,707
- Gross operating margin -€32,010
down €32,010 (-77.2%), from €41,454 to €9,443
- Financial charges -€814
down €814 (-11.1%), from €7,330 to €6,516
- Other operating charges -€691
down €691 (-19.6%), from €3,525 to €2,835
- Depreciation +€452
up €452 (+1.5%), from €29,170 to €29,622
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.
Derived cash bridge
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 | €467,287 | €440,170 | -€27,116 | -5.8% |
| Fixed assets | 21/28 | €445,027 | €428,529 | -€16,498 | -3.7% |
| Tangible fixed assets | 22/27 | €445,027 | €428,529 | -€16,498 | -3.7% |
| Land and buildings | 22 | €444,311 | €416,381 | -€27,931 | -6.3% |
| Plant, machinery and equipment | 23 | - | €12,148 | +€12,148 | |
| Furniture and vehicles | 24 | €715 | €0 | -€715 | -100% |
| Current assets | 29/58 | €22,260 | €11,641 | -€10,618 | -47.7% |
| Amounts receivable within one year | 40/41 | €12,045 | €747 | -€11,298 | -93.8% |
| Trade receivables | 40 | €5,618 | €0 | -€5,618 | -100% |
| Other amounts receivable | 41 | €6,427 | €747 | -€5,680 | -88.4% |
| Cash at bank and in hand | 54/58 | €1,715 | €1,016 | -€699 | -40.7% |
| Deferred charges and accrued income | 490/1 | €8,500 | €9,878 | +€1,378 | +16.2% |
| Total equity and liabilities | 10/49 | €467,287 | €440,170 | -€27,116 | -5.8% |
| Equity | 10/15 | €30,953 | €1,488 | -€29,465 | -95.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,047 | -€58,512 | -€29,465 | -101% |
| Amounts payable | 17/49 | €436,334 | €438,683 | +€2,349 | +0.5% |
| Amounts payable after more than one year | 17 | €403,372 | €382,665 | -€20,707 | -5.1% |
| Financial debts | 170/4 | €354,672 | €333,965 | -€20,707 | -5.8% |
| Other amounts payable | 178/9 | €48,700 | €48,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,962 | €56,018 | +€23,056 | +69.9% |
| Current portion of amounts payable after more than one year | 42 | €22,044 | €22,417 | +€373 | +1.7% |
| Trade debts | 44 | €1,438 | €1,817 | +€379 | +26.3% |
| Suppliers | 440/4 | €1,438 | €1,817 | +€379 | +26.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,639 | €260 | -€4,380 | -94.4% |
| Taxes | 450/3 | €4,639 | €260 | -€4,380 | -94.4% |
| Other amounts payable | 47/48 | €4,840 | €31,524 | +€26,684 | +551% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,170 | €29,622 | +€452 | +1.5% |
| Other operating charges | 640/8 | €3,525 | €2,835 | -€691 | -19.6% |
| Gross operating margin | 9900 | €41,454 | €9,443 | -€32,010 | -77.2% |
| Operating profit (loss) | 9901 | €8,758 | -€23,014 | -€31,772 | |
| Financial income | 75/76B | €221 | €64 | -€157 | -71.0% |
| Recurring financial income | 75 | €221 | €64 | -€157 | -71.0% |
| Financial charges | 65/66B | €7,330 | €6,516 | -€814 | -11.1% |
| Recurring financial charges | 65 | €7,330 | €6,516 | -€814 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €1,649 | -€29,465 | -€31,115 | |
| Profit (loss) for the period | 9904 | €1,649 | -€29,465 | -€31,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,649 | -€29,465 | -€31,115 |
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 31 October 2026 via checked.be.