IADF: 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.
IADF
Largest movements
- Cash +€3,346
up €3,346 (+4.2%), from €78,928 to €82,274
mainly Net result for the year (+€50,353) and Receivables within one year (+€2,118)
- Receivables within one year -€2,118
down €2,118 (-11.9%), from €17,787 to €15,669
of which Other amounts receivable: -€2,266
- Reserves +€2,853
up €2,853 (+16.6%), from €17,177 to €20,030
of which Distributable reserves: +€2,853
- Other debts -€2,455
down €2,455 (-4.3%), from €57,087 to €54,632
- Gross operating margin +€7,124
up €7,124 (+12.1%), from €58,935 to €66,059
- Taxes +€1,457
up €1,457 (+11.7%), from €12,420 to €13,877
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 | €103,574 | €104,154 | +€580 | +0.6% |
| Fixed assets | 21/28 | €6,250 | €5,562 | -€687 | -11.0% |
| Tangible fixed assets | 22/27 | €6,250 | €5,562 | -€687 | -11.0% |
| Furniture and vehicles | 24 | €1,150 | €462 | -€687 | -59.8% |
| Other tangible fixed assets | 26 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €97,324 | €98,592 | +€1,267 | +1.3% |
| Amounts receivable within one year | 40/41 | €17,787 | €15,669 | -€2,118 | -11.9% |
| Trade receivables | 40 | €14,818 | €14,966 | +€148 | +1.0% |
| Other amounts receivable | 41 | €2,969 | €703 | -€2,266 | -76.3% |
| Cash at bank and in hand | 54/58 | €78,928 | €82,274 | +€3,346 | +4.2% |
| Deferred charges and accrued income | 490/1 | €610 | €649 | +€39 | +6.5% |
| Total equity and liabilities | 10/49 | €103,574 | €104,154 | +€580 | +0.6% |
| Equity | 10/15 | €35,777 | €38,630 | +€2,853 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,177 | €20,030 | +€2,853 | +16.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,317 | €18,170 | +€2,853 | +18.6% |
| Amounts payable | 17/49 | €67,797 | €65,524 | -€2,273 | -3.4% |
| Amounts payable within one year | 42/48 | €67,797 | €65,524 | -€2,273 | -3.4% |
| Trade debts | 44 | €411 | €596 | +€186 | +45.2% |
| Suppliers | 440/4 | €411 | €596 | +€186 | +45.2% |
| Taxes, remuneration and social security | 45 | €10,299 | €10,295 | -€4 | 0.0% |
| Taxes | 450/3 | €7,937 | €7,933 | -€4 | 0.0% |
| Remuneration and social security | 454/9 | €2,363 | €2,363 | = | 0.0% |
| Other amounts payable | 47/48 | €57,087 | €54,632 | -€2,455 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €687 | = | 0.0% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €58,935 | €66,059 | +€7,124 | +12.1% |
| Operating profit (loss) | 9901 | €57,349 | €64,443 | +€7,095 | +12.4% |
| Financial charges | 65/66B | €433 | €213 | -€220 | -50.8% |
| Recurring financial charges | 65 | €433 | €213 | -€220 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €56,916 | €64,230 | +€7,315 | +12.9% |
| Income taxes | 67/77 | €12,420 | €13,877 | +€1,457 | +11.7% |
| Profit (loss) for the period | 9904 | €44,495 | €50,353 | +€5,858 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,495 | €50,353 | +€5,858 | +13.2% |
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.