IANGO: 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.
IANGO
Largest movements
- Receivables within one year -€14,595
down €14,595 (-90.8%), from €16,079 to €1,484
of which Trade receivables: -€14,623
- Cash +€5,473
up €5,473 (+3.6%), from €153,515 to €158,987
- Short-term financial debts +€102,381
new in 2025: €102,381
- Other debts -€91,391
no longer reported in 2025 (was €91,391)
- Accrued charges and deferred income -€15,000
down €15,000 (-86.3%), from €17,383 to €2,383
- Tax, wage and social debts -€10,429
down €10,429 (-68.1%), from €15,319 to €4,890
of which Taxes: -€8,141
- Profit (loss) carried forward +€7,763
up €7,763 (+27.8%), from €27,919 to €35,681
- Gross operating margin -€16,985
down €16,985 (-29.7%), from €57,130 to €40,145
- Depreciation -€5,787
down €5,787 (-78.4%), from €7,385 to €1,598
- Staff costs -€4,564
down €4,564 (-10.9%), from €41,733 to €37,169
- Taxes -€857
no longer reported in 2025 (was €857)
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,572 | €163,261 | -€9,312 | -5.4% |
| Fixed assets | 21/28 | €2,000 | €2,034 | +€33 | +1.7% |
| Tangible fixed assets | 22/27 | €2,000 | €2,034 | +€33 | +1.7% |
| Furniture and vehicles | 24 | €2,000 | €2,034 | +€33 | +1.7% |
| Current assets | 29/58 | €170,572 | €161,227 | -€9,345 | -5.5% |
| Stocks and contracts in progress | 3 | - | €113 | +€113 | |
| Stocks | 30/36 | - | €113 | +€113 | |
| Amounts receivable within one year | 40/41 | €16,079 | €1,484 | -€14,595 | -90.8% |
| Trade receivables | 40 | €15,000 | €377 | -€14,623 | -97.5% |
| Other amounts receivable | 41 | €1,079 | €1,107 | +€27 | +2.5% |
| Cash at bank and in hand | 54/58 | €153,515 | €158,987 | +€5,473 | +3.6% |
| Deferred charges and accrued income | 490/1 | €978 | €642 | -€336 | -34.3% |
| Total equity and liabilities | 10/49 | €172,572 | €163,261 | -€9,312 | -5.4% |
| Equity | 10/15 | €41,579 | €49,341 | +€7,763 | +18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,460 | €7,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,600 | €5,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,919 | €35,681 | +€7,763 | +27.8% |
| Amounts payable | 17/49 | €130,994 | €113,919 | -€17,074 | -13.0% |
| Amounts payable within one year | 42/48 | €113,611 | €111,537 | -€2,074 | -1.8% |
| Financial debts | 43 | - | €102,381 | +€102,381 | |
| Other loans | 439 | - | €102,381 | +€102,381 | |
| Trade debts | 44 | €6,901 | €4,266 | -€2,635 | -38.2% |
| Suppliers | 440/4 | €6,901 | €4,266 | -€2,635 | -38.2% |
| Taxes, remuneration and social security | 45 | €15,319 | €4,890 | -€10,429 | -68.1% |
| Taxes | 450/3 | €9,462 | €1,321 | -€8,141 | -86.0% |
| Remuneration and social security | 454/9 | €5,857 | €3,568 | -€2,289 | -39.1% |
| Other amounts payable | 47/48 | €91,391 | - | -€91,391 | |
| Accrued charges and deferred income | 492/3 | €17,383 | €2,383 | -€15,000 | -86.3% |
| Remuneration, social security and pensions | 62 | €41,733 | €37,169 | -€4,564 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,385 | €1,598 | -€5,787 | -78.4% |
| Other operating charges | 640/8 | €866 | €1,113 | +€247 | +28.6% |
| Gross operating margin | 9900 | €57,130 | €40,145 | -€16,985 | -29.7% |
| Operating profit (loss) | 9901 | €7,147 | €265 | -€6,882 | -96.3% |
| Financial charges | 65/66B | €642 | €185 | -€457 | -71.2% |
| Recurring financial charges | 65 | €642 | €185 | -€457 | -71.2% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €6,505 | €80 | -€6,425 | -98.8% |
| Income taxes | 67/77 | €857 | - | -€857 | |
| Profit (loss) for the period | 9904 | €5,648 | €80 | -€5,568 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,648 | €80 | -€5,568 | -98.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.