IAM PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€5,092
down €5,092 (-68.5%), from €7,432 to €2,340
of which Furniture and vehicles: -€3,282
- Reserves -€4,144
down €4,144 (-6.3%), from €65,907 to €61,763
- Trade debts -€1,296
down €1,296 (-95.5%), from €1,358 to €61
- Tax, wage and social debts +€713
up €713 (+681.4%), from €105 to €817
- Staff costs -€9,838
down €9,838 (-98.3%), from €10,008 to €170
- Gross operating margin -€7,984
down €7,984, from €5,372 to -€2,612
- Depreciation -€2,518
down €2,518 (-51.9%), from €4,855 to €2,337
- Financial charges -€1,287
down €1,287 (-81.4%), from €1,581 to €294
- Financial income -€1,277
down €1,277 (-29.2%), from €4,376 to €3,099
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 | €69,869 | €65,142 | -€4,728 | -6.8% |
| Fixed assets | 21/28 | €7,432 | €2,340 | -€5,092 | -68.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €7,432 | €2,340 | -€5,092 | -68.5% |
| Plant, machinery and equipment | 23 | €4,023 | €2,213 | -€1,810 | -45.0% |
| Furniture and vehicles | 24 | €3,409 | €127 | -€3,282 | -96.3% |
| Current assets | 29/58 | €62,438 | €62,802 | +€364 | +0.6% |
| Amounts receivable within one year | 40/41 | €62,186 | €62,644 | +€458 | +0.7% |
| Trade receivables | 40 | €821 | €8,301 | +€7,480 | +910.5% |
| Other amounts receivable | 41 | €61,365 | €54,343 | -€7,022 | -11.4% |
| Cash at bank and in hand | 54/58 | €76 | - | -€76 | |
| Deferred charges and accrued income | 490/1 | €176 | €158 | -€18 | -10.3% |
| Total equity and liabilities | 10/49 | €69,869 | €65,142 | -€4,728 | -6.8% |
| Equity | 10/15 | €68,407 | €64,263 | -€4,144 | -6.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €65,907 | €61,763 | -€4,144 | -6.3% |
| Distributable reserves | 133 | €65,907 | €61,763 | -€4,144 | -6.3% |
| Amounts payable | 17/49 | €1,462 | €879 | -€584 | -39.9% |
| Amounts payable within one year | 42/48 | €1,462 | €879 | -€584 | -39.9% |
| Trade debts | 44 | €1,358 | €61 | -€1,296 | -95.5% |
| Suppliers | 440/4 | €1,358 | €61 | -€1,296 | -95.5% |
| Taxes, remuneration and social security | 45 | €105 | €817 | +€713 | +681.4% |
| Taxes | 450/3 | €105 | €817 | +€713 | +681.4% |
| Non-recurring operating income | 76A | - | €1,377 | +€1,377 | |
| Remuneration, social security and pensions | 62 | €10,008 | €170 | -€9,838 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,855 | €2,337 | -€2,518 | -51.9% |
| Other operating charges | 640/8 | €1,259 | €1,831 | +€571 | +45.4% |
| Gross operating margin | 9900 | €5,372 | -€2,612 | -€7,984 | |
| Operating profit (loss) | 9901 | -€10,750 | -€6,949 | +€3,801 | +35.4% |
| Financial income | 75/76B | €4,376 | €3,099 | -€1,277 | -29.2% |
| Recurring financial income | 75 | €4,376 | €3,099 | -€1,277 | -29.2% |
| Financial charges | 65/66B | €1,581 | €294 | -€1,287 | -81.4% |
| Recurring financial charges | 65 | €1,581 | €294 | -€1,287 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,955 | -€4,144 | +€3,811 | +47.9% |
| Profit (loss) for the period | 9904 | -€7,955 | -€4,144 | +€3,811 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,955 | -€4,144 | +€3,811 | +47.9% |
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 9 October 2026 via checked.be.