IANUS: 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.
IANUS
Largest movements
- Cash -€122,045
down €122,045 (-87.4%), from €139,588 to €17,543
mainly Contributions, distributions and other (-€160,000) and Receivables within one year (-€91,048)
- Receivables within one year +€91,048
up €91,048 (+39.2%), from €232,280 to €323,328
of which Trade receivables: +€79,605
- Profit (loss) carried forward -€123,460
down €123,460 (-98.6%), from €125,263 to €1,803
- Other debts +€80,421
up €80,421 (+94.3%), from €85,263 to €165,684
- Tax, wage and social debts +€17,410
up €17,410 (+33.1%), from €52,649 to €70,059
of which Taxes: +€9,939
- Staff costs +€101,006
up €101,006 (+28.9%), from €349,110 to €450,116
- Gross operating margin -€36,351
down €36,351 (-6.6%), from €550,114 to €513,763
- Taxes -€29,488
down €29,488 (-54.3%), from €54,296 to €24,807
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 | €374,074 | €345,233 | -€28,841 | -7.7% |
| Fixed assets | 21/28 | €79 | €79 | = | 0.0% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €373,995 | €345,154 | -€28,841 | -7.7% |
| Amounts receivable within one year | 40/41 | €232,280 | €323,328 | +€91,048 | +39.2% |
| Trade receivables | 40 | €212,396 | €292,001 | +€79,605 | +37.5% |
| Other amounts receivable | 41 | €19,884 | €31,327 | +€11,443 | +57.5% |
| Cash at bank and in hand | 54/58 | €139,588 | €17,543 | -€122,045 | -87.4% |
| Deferred charges and accrued income | 490/1 | €2,127 | €4,283 | +€2,156 | +101.4% |
| Total equity and liabilities | 10/49 | €374,074 | €345,233 | -€28,841 | -7.7% |
| Equity | 10/15 | €203,723 | €80,263 | -€123,460 | -60.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,860 | €59,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €58,000 | €58,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,263 | €1,803 | -€123,460 | -98.6% |
| Amounts payable | 17/49 | €170,350 | €264,970 | +€94,619 | +55.5% |
| Amounts payable within one year | 42/48 | €170,350 | €264,970 | +€94,619 | +55.5% |
| Trade debts | 44 | €32,438 | €29,227 | -€3,211 | -9.9% |
| Suppliers | 440/4 | €32,438 | €29,227 | -€3,211 | -9.9% |
| Taxes, remuneration and social security | 45 | €52,649 | €70,059 | +€17,410 | +33.1% |
| Taxes | 450/3 | €12,045 | €21,984 | +€9,939 | +82.5% |
| Remuneration and social security | 454/9 | €40,604 | €48,075 | +€7,471 | +18.4% |
| Other amounts payable | 47/48 | €85,263 | €165,684 | +€80,421 | +94.3% |
| Remuneration, social security and pensions | 62 | €349,110 | €450,116 | +€101,006 | +28.9% |
| Other operating charges | 640/8 | €159 | €1,494 | +€1,335 | +839.9% |
| Non-recurring operating charges | 66A | €67 | - | -€67 | |
| Gross operating margin | 9900 | €550,114 | €513,763 | -€36,351 | -6.6% |
| Operating profit (loss) | 9901 | €200,779 | €62,153 | -€138,626 | -69.0% |
| Financial income | 75/76B | €325 | €64 | -€260 | -80.2% |
| Recurring financial income | 75 | €325 | €64 | -€260 | -80.2% |
| Financial charges | 65/66B | €236 | €870 | +€634 | +268.2% |
| Recurring financial charges | 65 | €236 | €870 | +€634 | +268.2% |
| Profit (loss) for the period before taxes | 9903 | €200,867 | €61,347 | -€139,520 | -69.5% |
| Income taxes | 67/77 | €54,296 | €24,807 | -€29,488 | -54.3% |
| Profit (loss) for the period | 9904 | €146,571 | €36,540 | -€110,031 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €146,571 | €36,540 | -€110,031 | -75.1% |
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 11 October 2026 via checked.be.