IALEW: what changed
What changed
IALEW
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€31,868
2024 · €36,263-€4,395
Equity
€4,000
2024 · €31,822-€27,822
Cash
€44,614
2024 · €18,665+€25,948
Balance sheet total
€67,543
2024 · €45,372+€22,171
Largest movements
Assets
- Cash +€25,948
up €25,948 (+139%), from €18,665 to €44,614
mainly Other debts (+€41,560) and Net result for the year (+€31,868)
- Tangible fixed assets -€6,226
down €6,226 (-61.8%), from €10,075 to €3,849
- Receivables within one year +€1,895
up €1,895 (+12.6%), from €15,064 to €16,959
of which Trade receivables: +€2,500
Equity and liabilities
- Other debts +€41,560
up €41,560 (+664%), from €6,258 to €47,818
- Profit (loss) carried forward -€27,822
down €27,822 (-100%), from €27,822 to €0
- Tax, wage and social debts +€11,077
up €11,077 (+326%), from €3,400 to €14,477
- Current portion of long-term debt -€2,106
down €2,106 (-100%), from €2,106 to €0
Income statement
- Gross operating margin -€8,511
down €8,511 (-13.5%), from €63,077 to €54,566
- Depreciation -€2,972
down €2,972 (-28.1%), from €10,570 to €7,597
- Staff costs -€1,650
down €1,650 (-39.6%), from €4,162 to €2,512
- Taxes -€977
down €977 (-9.5%), from €10,250 to €9,274
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.
Result 2024
€36,263
Gross operating margin
-€8,511
Staff costs
+€1,650
Depreciation
+€2,972
Other operating charges
-€489
Other operating items
-€604
Financial income
-€0
Financial charges
-€392
Taxes
+€977
Result 2025
€31,868
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€89,114
Investment
-€1,371
Financing
-€61,795
Cash 2024
€18,665
From operations (derived)
+€89,114
Net result for the year
+€31,868
Depreciation
+€7,597
Receivables within one year
-€1,895
Deferred charges and accrued income
-€555
Trade debts
-€538
Tax, wage and social debts
+€11,077
Other debts
+€41,560
Investment (derived)
-€1,371
Investment in fixed assets (net)
-€1,371
Financing
-€61,795
Current portion of long-term debt
-€2,106
Contributions, distributions and other
-€59,689
Cash 2025
€44,614
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,372 | €67,543 | +€22,171 | +48.9% |
| Fixed assets | 21/28 | €10,075 | €3,849 | -€6,226 | -61.8% |
| Tangible fixed assets | 22/27 | €10,075 | €3,849 | -€6,226 | -61.8% |
| Plant, machinery and equipment | 23 | €4,269 | €2,459 | -€1,811 | -42.4% |
| Furniture and vehicles | 24 | €3,326 | €1,390 | -€1,936 | -58.2% |
| Leasing and similar rights | 25 | €2,480 | €0 | -€2,480 | -100% |
| Current assets | 29/58 | €35,296 | €63,694 | +€28,398 | +80.5% |
| Amounts receivable within one year | 40/41 | €15,064 | €16,959 | +€1,895 | +12.6% |
| Trade receivables | 40 | €12,500 | €15,000 | +€2,500 | +20.0% |
| Other amounts receivable | 41 | €2,564 | €1,959 | -€606 | -23.6% |
| Cash at bank and in hand | 54/58 | €18,665 | €44,614 | +€25,948 | +139% |
| Deferred charges and accrued income | 490/1 | €1,567 | €2,122 | +€555 | +35.4% |
| Total equity and liabilities | 10/49 | €45,372 | €67,543 | +€22,171 | +48.9% |
| Equity | 10/15 | €31,822 | €4,000 | -€27,822 | -87.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,822 | €0 | -€27,822 | -100% |
| Amounts payable | 17/49 | €13,550 | €63,543 | +€49,993 | +369% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,550 | €63,543 | +€49,993 | +369% |
| Current portion of amounts payable after more than one year | 42 | €2,106 | €0 | -€2,106 | -100% |
| Trade debts | 44 | €1,786 | €1,248 | -€538 | -30.1% |
| Suppliers | 440/4 | €1,786 | €1,248 | -€538 | -30.1% |
| Taxes, remuneration and social security | 45 | €3,400 | €14,477 | +€11,077 | +326% |
| Taxes | 450/3 | €3,400 | €14,477 | +€11,077 | +326% |
| Other amounts payable | 47/48 | €6,258 | €47,818 | +€41,560 | +664% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €10,996 | +€10,996 | |
| Remuneration, social security and pensions | 62 | €4,162 | €2,512 | -€1,650 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,570 | €7,597 | -€2,972 | -28.1% |
| Other operating charges | 640/8 | €1,040 | €1,529 | +€489 | +47.0% |
| Non-recurring operating charges | 66A | - | €604 | +€604 | |
| Gross operating margin | 9900 | €63,077 | €54,566 | -€8,511 | -13.5% |
| Operating profit (loss) | 9901 | €47,304 | €42,324 | -€4,980 | -10.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €791 | €1,183 | +€392 | +49.5% |
| Recurring financial charges | 65 | €791 | €1,183 | +€392 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €46,513 | €41,141 | -€5,372 | -11.5% |
| Income taxes | 67/77 | €10,250 | €9,274 | -€977 | -9.5% |
| Profit (loss) for the period | 9904 | €36,263 | €31,868 | -€4,395 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,263 | €31,868 | -€4,395 | -12.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.