IAM: what changed
Two fiscal 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.
IAM
Largest movements
- Tangible fixed assets +€74,712
up €74,712 (+3006.9%), from €2,485 to €77,197
of which Furniture and vehicles: +€72,814
- Receivables within one year +€5,938
up €5,938 (+179.1%), from €3,315 to €9,253
of which Other amounts receivable: +€7,122
- Cash +€1,961
up €1,961 (+53.0%), from €3,700 to €5,661
mainly Other debts (+€97,911) and Depreciation (+€14,203)
- Other debts +€97,911
up €97,911 (+187.8%), from €52,145 to €150,056
- Profit (loss) carried forward -€16,737
down €16,737 (-11.8%), from -€141,624 to -€158,362
- Trade debts +€2,160
new in 2025: €2,160
- Gross operating margin -€11,996
down €11,996, from €10,832 to -€1,163
- Depreciation +€11,574
up €11,574 (+440.2%), from €2,629 to €14,203
- Other operating charges +€419
up €419 (+82.8%), from €505 to €924
- Financial charges +€181
up €181 (+66.1%), from €274 to €455
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 | €9,500 | €92,111 | +€82,611 | +869.6% |
| Fixed assets | 21/28 | €2,485 | €77,197 | +€74,712 | +3006.9% |
| Tangible fixed assets | 22/27 | €2,485 | €77,197 | +€74,712 | +3006.9% |
| Plant, machinery and equipment | 23 | €2,485 | €4,382 | +€1,898 | +76.4% |
| Furniture and vehicles | 24 | - | €72,814 | +€72,814 | |
| Current assets | 29/58 | €7,015 | €14,914 | +€7,899 | +112.6% |
| Amounts receivable within one year | 40/41 | €3,315 | €9,253 | +€5,938 | +179.1% |
| Trade receivables | 40 | €3,315 | €2,131 | -€1,184 | -35.7% |
| Other amounts receivable | 41 | - | €7,122 | +€7,122 | |
| Cash at bank and in hand | 54/58 | €3,700 | €5,661 | +€1,961 | +53.0% |
| Total equity and liabilities | 10/49 | €9,500 | €92,111 | +€82,611 | +869.6% |
| Equity | 10/15 | -€99,250 | -€115,987 | -€16,737 | -16.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €11,387 | €11,387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,603 | €2,603 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,603 | €2,603 | = | 0.0% |
| Distributable reserves | 133 | €8,785 | €8,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,624 | -€158,362 | -€16,737 | -11.8% |
| Amounts payable | 17/49 | €108,750 | €208,098 | +€99,349 | +91.4% |
| Amounts payable after more than one year | 17 | €55,882 | €55,882 | = | 0.0% |
| Financial debts | 170/4 | €55,882 | €55,882 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,868 | €152,216 | +€99,349 | +187.9% |
| Trade debts | 44 | - | €2,160 | +€2,160 | |
| Suppliers | 440/4 | - | €2,160 | +€2,160 | |
| Taxes, remuneration and social security | 45 | €723 | - | -€723 | |
| Taxes | 450/3 | €723 | - | -€723 | |
| Other amounts payable | 47/48 | €52,145 | €150,056 | +€97,911 | +187.8% |
| Non-recurring operating income | 76A | €109 | €2,393 | +€2,284 | +2095.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,629 | €14,203 | +€11,574 | +440.2% |
| Other operating charges | 640/8 | €505 | €924 | +€419 | +82.8% |
| Gross operating margin | 9900 | €10,832 | -€1,163 | -€11,996 | |
| Operating profit (loss) | 9901 | €7,698 | -€16,290 | -€23,988 | |
| Financial income | 75/76B | €1 | €8 | +€7 | +827.2% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +827.2% |
| Financial charges | 65/66B | €274 | €455 | +€181 | +66.1% |
| Recurring financial charges | 65 | €274 | €455 | +€181 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €7,425 | -€16,737 | -€24,162 | |
| Profit (loss) for the period | 9904 | €7,425 | -€16,737 | -€24,162 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,425 | -€16,737 | -€24,162 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.