IANDO: 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.
IANDO
Largest movements
- Cash -€34,768
down €34,768 (-22.2%), from €156,658 to €121,891
mainly Trade debts (-€47,160) and Receivables within one year (-€4,488)
- Tangible fixed assets -€8,918
down €8,918 (-38.4%), from €23,234 to €14,316
of which Furniture and vehicles: -€4,875
- Stocks and contracts -€6,868
down €6,868 (-75.9%), from €9,046 to €2,178
- Receivables within one year +€4,488
up €4,488 (+44.1%), from €10,187 to €14,675
of which Other amounts receivable: +€6,201
- Deferred charges and accrued income -€2,113
down €2,113 (-45.3%), from €4,667 to €2,554
- Trade debts -€47,160
down €47,160 (-84.9%), from €55,535 to €8,375
- Profit (loss) carried forward +€5,690
up €5,690 (+4.8%), from €118,088 to €123,778
- Debts after one year -€3,362
down €3,362 (-100%), from €3,362 to €0
- Gross operating margin -€3,262
down €3,262 (-13.4%), from €24,347 to €21,084
- Taxes -€2,368
down €2,368 (-49.1%), from €4,818 to €2,450
- Depreciation +€1,432
up €1,432 (+19.1%), from €7,486 to €8,918
- Other operating charges +€1,157
up €1,157 (+40.0%), from €2,893 to €4,050
- Financial charges +€1,073
up €1,073 (+79.4%), from €1,350 to €2,423
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.
Derived cash bridge
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 | €203,792 | €155,613 | -€48,178 | -23.6% |
| Fixed assets | 21/28 | €23,234 | €14,316 | -€8,918 | -38.4% |
| Tangible fixed assets | 22/27 | €23,234 | €14,316 | -€8,918 | -38.4% |
| Plant, machinery and equipment | 23 | €14,929 | €10,886 | -€4,042 | -27.1% |
| Furniture and vehicles | 24 | €8,305 | €3,430 | -€4,875 | -58.7% |
| Current assets | 29/58 | €180,558 | €141,297 | -€39,261 | -21.7% |
| Stocks and contracts in progress | 3 | €9,046 | €2,178 | -€6,868 | -75.9% |
| Stocks | 30/36 | €9,046 | €2,178 | -€6,868 | -75.9% |
| Amounts receivable within one year | 40/41 | €10,187 | €14,675 | +€4,488 | +44.1% |
| Trade receivables | 40 | €4,427 | €2,713 | -€1,713 | -38.7% |
| Other amounts receivable | 41 | €5,760 | €11,961 | +€6,201 | +108% |
| Cash at bank and in hand | 54/58 | €156,658 | €121,891 | -€34,768 | -22.2% |
| Deferred charges and accrued income | 490/1 | €4,667 | €2,554 | -€2,113 | -45.3% |
| Total equity and liabilities | 10/49 | €203,792 | €155,613 | -€48,178 | -23.6% |
| Equity | 10/15 | €138,088 | €143,778 | +€5,690 | +4.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,088 | €123,778 | +€5,690 | +4.8% |
| Amounts payable | 17/49 | €65,703 | €11,835 | -€53,868 | -82.0% |
| Amounts payable after more than one year | 17 | €3,362 | €0 | -€3,362 | -100% |
| Financial debts | 170/4 | €3,362 | €0 | -€3,362 | -100% |
| Amounts payable within one year | 42/48 | €62,342 | €11,835 | -€50,506 | -81.0% |
| Current portion of amounts payable after more than one year | 42 | €4,905 | €3,362 | -€1,544 | -31.5% |
| Trade debts | 44 | €55,535 | €8,375 | -€47,160 | -84.9% |
| Suppliers | 440/4 | €55,535 | €8,375 | -€47,160 | -84.9% |
| Taxes, remuneration and social security | 45 | €0 | €67 | +€67 | |
| Taxes | 450/3 | €0 | €67 | +€67 | |
| Other amounts payable | 47/48 | €1,902 | €32 | -€1,869 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,486 | €8,918 | +€1,432 | +19.1% |
| Other operating charges | 640/8 | €2,893 | €4,050 | +€1,157 | +40.0% |
| Gross operating margin | 9900 | €24,347 | €21,084 | -€3,262 | -13.4% |
| Operating profit (loss) | 9901 | €13,967 | €8,117 | -€5,850 | -41.9% |
| Financial income | 75/76B | €1,453 | €2,446 | +€992 | +68.3% |
| Recurring financial income | 75 | €1,453 | €2,446 | +€992 | +68.3% |
| Financial charges | 65/66B | €1,350 | €2,423 | +€1,073 | +79.4% |
| Recurring financial charges | 65 | €1,350 | €2,423 | +€1,073 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €14,070 | €8,139 | -€5,931 | -42.2% |
| Income taxes | 67/77 | €4,818 | €2,450 | -€2,368 | -49.1% |
| Profit (loss) for the period | 9904 | €9,253 | €5,690 | -€3,563 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,253 | €5,690 | -€3,563 | -38.5% |
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 13 October 2026 via checked.be.