IAE: 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.
IAE
Largest movements
- Cash +€79,491
up €79,491 (+190%), from €41,875 to €121,366
mainly Current investments (+€56,893) and Net result for the year (+€19,833)
- Current investments -€56,893
down €56,893 (-26.6%), from €213,807 to €156,913
- Tangible fixed assets -€9,333
down €9,333 (-10.3%), from €90,386 to €81,053
of which Land and buildings: -€8,320
- Receivables within one year +€6,912
up €6,912 (+135%), from €5,107 to €12,020
of which Other amounts receivable: +€6,912
- Reserves +€19,833
up €19,833 (+6.1%), from €327,283 to €347,115
of which Distributable reserves: +€19,833
- Gross operating margin -€26,265
down €26,265 (-46.0%), from €57,064 to €30,799
- Financial income +€6,987
up €6,987 (+621%), from €1,126 to €8,113
- Taxes -€5,972
down €5,972 (-44.7%), from €13,369 to €7,398
- Financial charges +€2,441
up €2,441, from -€1,308 to €1,133
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 | €353,038 | €372,334 | +€19,297 | +5.5% |
| Fixed assets | 21/28 | €90,386 | €81,053 | -€9,333 | -10.3% |
| Tangible fixed assets | 22/27 | €90,386 | €81,053 | -€9,333 | -10.3% |
| Land and buildings | 22 | €85,104 | €76,785 | -€8,320 | -9.8% |
| Plant, machinery and equipment | 23 | €2,648 | €2,328 | -€320 | -12.1% |
| Furniture and vehicles | 24 | €2,634 | €1,940 | -€694 | -26.4% |
| Current assets | 29/58 | €262,652 | €291,282 | +€28,630 | +10.9% |
| Amounts receivable within one year | 40/41 | €5,107 | €12,020 | +€6,912 | +135% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €5,107 | €12,020 | +€6,912 | +135% |
| Current investments | 50/53 | €213,807 | €156,913 | -€56,893 | -26.6% |
| Cash at bank and in hand | 54/58 | €41,875 | €121,366 | +€79,491 | +190% |
| Deferred charges and accrued income | 490/1 | €1,863 | €983 | -€880 | -47.2% |
| Total equity and liabilities | 10/49 | €353,038 | €372,334 | +€19,297 | +5.5% |
| Equity | 10/15 | €339,683 | €359,515 | +€19,833 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €327,283 | €347,115 | +€19,833 | +6.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €4,987 | €4,987 | = | 0.0% |
| Distributable reserves | 133 | €322,295 | €342,128 | +€19,833 | +6.2% |
| Amounts payable | 17/49 | €13,355 | €12,819 | -€536 | -4.0% |
| Amounts payable within one year | 42/48 | €13,211 | €12,527 | -€684 | -5.2% |
| Trade debts | 44 | €2,116 | €2,072 | -€44 | -2.1% |
| Suppliers | 440/4 | €2,116 | €2,072 | -€44 | -2.1% |
| Taxes, remuneration and social security | 45 | €8,937 | €5,255 | -€3,682 | -41.2% |
| Taxes | 450/3 | €8,937 | €5,255 | -€3,682 | -41.2% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €2,158 | €5,200 | +€3,043 | +141% |
| Accrued charges and deferred income | 492/3 | €145 | €292 | +€147 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,884 | €9,333 | -€551 | -5.6% |
| Other operating charges | 640/8 | €1,479 | €1,215 | -€264 | -17.9% |
| Gross operating margin | 9900 | €57,064 | €30,799 | -€26,265 | -46.0% |
| Operating profit (loss) | 9901 | €45,700 | €20,250 | -€25,450 | -55.7% |
| Financial income | 75/76B | €1,126 | €8,113 | +€6,987 | +621% |
| Recurring financial income | 75 | €1,126 | €8,113 | +€6,987 | +621% |
| Financial charges | 65/66B | -€1,308 | €1,133 | +€2,441 | |
| Recurring financial charges | 65 | -€1,308 | €1,133 | +€2,441 | |
| Profit (loss) for the period before taxes | 9903 | €48,134 | €27,230 | -€20,904 | -43.4% |
| Income taxes | 67/77 | €13,369 | €7,398 | -€5,972 | -44.7% |
| Profit (loss) for the period | 9904 | €34,765 | €19,833 | -€14,932 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,765 | €19,833 | -€14,932 | -43.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.