IAL EUROPE: what changed
IAL EUROPE
Largest movements
- Receivables within one year -€68,685
down €68,685 (-23.5%), from €292,582 to €223,897
of which Trade receivables: -€239,824
- Deferred charges and accrued income -€38,625
no longer reported in 2025 (was €38,625)
- Cash -€16,569
down €16,569 (-93.1%), from €17,789 to €1,220
mainly Contributions, distributions and other (-€91,272) and Trade debts (-€78,075)
- Trade debts -€78,075
down €78,075 (-57.4%), from €136,020 to €57,945
- Other debts -€59,154
down €59,154 (-39.3%), from €150,426 to €91,272
- Tax, wage and social debts +€17,516
up €17,516 (+32.7%), from €53,579 to €71,095
- Profit (loss) carried forward -€4,283
no longer reported in 2025 (was €4,283)
- Gross operating margin -€79,118
down €79,118 (-37.6%), from €210,238 to €131,120
- Taxes -€21,863
down €21,863 (-37.3%), from €58,579 to €36,716
- Financial charges +€6,518
up €6,518 (+1,661%), from €392 to €6,910
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,308 | €225,312 | -€123,996 | -35.5% |
| Fixed assets | 21/28 | €312 | €195 | -€117 | -37.6% |
| Tangible fixed assets | 22/27 | €117 | - | -€117 | |
| Plant, machinery and equipment | 23 | €117 | - | -€117 | |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €348,995 | €225,117 | -€123,879 | -35.5% |
| Amounts receivable within one year | 40/41 | €292,582 | €223,897 | -€68,685 | -23.5% |
| Trade receivables | 40 | €239,824 | - | -€239,824 | |
| Other amounts receivable | 41 | €52,757 | €223,897 | +€171,140 | +324% |
| Cash at bank and in hand | 54/58 | €17,789 | €1,220 | -€16,569 | -93.1% |
| Deferred charges and accrued income | 490/1 | €38,625 | - | -€38,625 | |
| Total equity and liabilities | 10/49 | €349,308 | €225,312 | -€123,996 | -35.5% |
| Equity | 10/15 | €9,283 | €5,000 | -€4,283 | -46.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,283 | - | -€4,283 | |
| Amounts payable | 17/49 | €340,025 | €220,312 | -€119,713 | -35.2% |
| Amounts payable within one year | 42/48 | €340,025 | €220,312 | -€119,713 | -35.2% |
| Trade debts | 44 | €136,020 | €57,945 | -€78,075 | -57.4% |
| Suppliers | 440/4 | €136,020 | €57,945 | -€78,075 | -57.4% |
| Taxes, remuneration and social security | 45 | €53,579 | €71,095 | +€17,516 | +32.7% |
| Taxes | 450/3 | €53,579 | €71,095 | +€17,516 | +32.7% |
| Other amounts payable | 47/48 | €150,426 | €91,272 | -€59,154 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352 | €117 | -€235 | -66.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €210,238 | €131,120 | -€79,118 | -37.6% |
| Operating profit (loss) | 9901 | €209,501 | €130,615 | -€78,886 | -37.7% |
| Financial income | 75/76B | €263 | €1 | -€262 | -99.8% |
| Recurring financial income | 75 | €263 | €1 | -€262 | -99.8% |
| Financial charges | 65/66B | €392 | €6,910 | +€6,518 | +1,661% |
| Recurring financial charges | 65 | €392 | €6,910 | +€6,518 | +1,661% |
| Profit (loss) for the period before taxes | 9903 | €209,372 | €123,705 | -€85,666 | -40.9% |
| Income taxes | 67/77 | €58,579 | €36,716 | -€21,863 | -37.3% |
| Profit (loss) for the period | 9904 | €150,792 | €86,989 | -€63,803 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €150,792 | €86,989 | -€63,803 | -42.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.