IAM FINE: 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.
IAM FINE
Largest movements
- Receivables after one year +€111,561
new in 2025: €111,561
- Cash +€56,179
up €56,179 (+439.1%), from €12,795 to €68,974
mainly Net result for the year (+€134,323) and Tax, wage and social debts (+€29,202)
- Tangible fixed assets -€4,261
down €4,261 (-16.9%), from €25,179 to €20,917
- Profit (loss) carried forward +€134,323
up €134,323 (+348.5%), from €38,544 to €172,868
- Tax, wage and social debts +€29,202
up €29,202 (+132.5%), from €22,043 to €51,245
- Gross operating margin +€127,339
up €127,339 (+248.6%), from €51,225 to €178,563
- Taxes +€29,595
up €29,595 (+292.7%), from €10,111 to €39,706
- Depreciation +€4,638
up €4,638 (+696.9%), from €666 to €5,304
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 | €62,483 | €225,713 | +€163,230 | +261.2% |
| Fixed assets | 21/28 | €25,179 | €20,917 | -€4,261 | -16.9% |
| Tangible fixed assets | 22/27 | €25,179 | €20,917 | -€4,261 | -16.9% |
| Furniture and vehicles | 24 | €25,179 | €20,917 | -€4,261 | -16.9% |
| Current assets | 29/58 | €37,304 | €204,795 | +€167,491 | +449.0% |
| Amounts receivable after more than one year | 29 | - | €111,561 | +€111,561 | |
| Trade receivables | 290 | - | €111,561 | +€111,561 | |
| Amounts receivable within one year | 40/41 | €23,192 | €23,192 | = | 0.0% |
| Trade receivables | 40 | €23,192 | €23,192 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,795 | €68,974 | +€56,179 | +439.1% |
| Deferred charges and accrued income | 490/1 | €1,318 | €1,068 | -€250 | -19.0% |
| Total equity and liabilities | 10/49 | €62,483 | €225,713 | +€163,230 | +261.2% |
| Equity | 10/15 | €38,644 | €172,968 | +€134,323 | +347.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,544 | €172,868 | +€134,323 | +348.5% |
| Amounts payable | 17/49 | €23,839 | €52,745 | +€28,906 | +121.3% |
| Amounts payable within one year | 42/48 | €23,839 | €52,745 | +€28,906 | +121.3% |
| Trade debts | 44 | €1,378 | €494 | -€884 | -64.2% |
| Suppliers | 440/4 | €1,378 | €494 | -€884 | -64.2% |
| Taxes, remuneration and social security | 45 | €22,043 | €51,245 | +€29,202 | +132.5% |
| Taxes | 450/3 | €22,043 | €51,245 | +€29,202 | +132.5% |
| Other amounts payable | 47/48 | €418 | €1,006 | +€588 | +140.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €666 | €5,304 | +€4,638 | +696.9% |
| Other operating charges | 640/8 | €1,890 | €681 | -€1,209 | -64.0% |
| Gross operating margin | 9900 | €51,225 | €178,563 | +€127,339 | +248.6% |
| Operating profit (loss) | 9901 | €48,669 | €172,578 | +€123,909 | +254.6% |
| Financial income | 75/76B | - | €1,561 | +€1,561 | |
| Recurring financial income | 75 | - | €1,561 | +€1,561 | |
| Financial charges | 65/66B | €14 | €110 | +€97 | +712.1% |
| Recurring financial charges | 65 | €14 | €110 | +€97 | +712.1% |
| Profit (loss) for the period before taxes | 9903 | €48,655 | €174,029 | +€125,373 | +257.7% |
| Income taxes | 67/77 | €10,111 | €39,706 | +€29,595 | +292.7% |
| Profit (loss) for the period | 9904 | €38,544 | €134,323 | +€95,779 | +248.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,544 | €134,323 | +€95,779 | +248.5% |
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 9 October 2026 via checked.be.