IATREION: 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.
IATREION
Largest movements
- Cash +€120,524
up €120,524 (+61.7%), from €195,217 to €315,741
mainly Net result for the year (+€160,074) and Deferred charges and accrued income (+€45,840)
- Tangible fixed assets -€72,145
down €72,145 (-69.9%), from €103,263 to €31,118
of which Plant, machinery and equipment: -€40,075
- Receivables within one year +€62,660
up €62,660 (+20,722%), from €302 to €62,962
of which Trade receivables: +€56,578
- Deferred charges and accrued income -€45,840
down €45,840 (-90.5%), from €50,677 to €4,837
- Reserves +€160,074
up €160,074 (+92.4%), from €173,279 to €333,353
- Accrued charges and deferred income -€53,104
down €53,104 (-100%), from €53,104 to €0
- Current portion of long-term debt -€44,028
down €44,028 (-89.4%), from €49,261 to €5,234
- Debts after one year -€31,230
down €31,230 (-100%), from €31,230 to €0
- Trade debts +€29,822
up €29,822 (+401%), from €7,444 to €37,266
- Gross operating margin +€49,178
up €49,178 (+14.7%), from €334,572 to €383,750
- Depreciation -€14,418
down €14,418 (-24.3%), from €59,427 to €45,009
- Taxes +€14,190
up €14,190 (+35.5%), from €39,916 to €54,105
- Staff costs +€5,799
up €5,799 (+5.0%), from €116,464 to €122,263
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 | €349,782 | €414,980 | +€65,198 | +18.6% |
| Fixed assets | 21/28 | €103,585 | €31,440 | -€72,145 | -69.6% |
| Tangible fixed assets | 22/27 | €103,263 | €31,118 | -€72,145 | -69.9% |
| Plant, machinery and equipment | 23 | €59,340 | €19,265 | -€40,075 | -67.5% |
| Furniture and vehicles | 24 | €43,923 | €11,853 | -€32,070 | -73.0% |
| Financial fixed assets | 28 | €322 | €322 | = | 0.0% |
| Current assets | 29/58 | €246,197 | €383,540 | +€137,343 | +55.8% |
| Amounts receivable within one year | 40/41 | €302 | €62,962 | +€62,660 | +20,722% |
| Trade receivables | 40 | - | €56,578 | +€56,578 | |
| Other amounts receivable | 41 | €302 | €6,384 | +€6,082 | +2,011% |
| Cash at bank and in hand | 54/58 | €195,217 | €315,741 | +€120,524 | +61.7% |
| Deferred charges and accrued income | 490/1 | €50,677 | €4,837 | -€45,840 | -90.5% |
| Total equity and liabilities | 10/49 | €349,782 | €414,980 | +€65,198 | +18.6% |
| Equity | 10/15 | €189,511 | €349,585 | +€160,074 | +84.5% |
| Contributions | 10/11 | €16,232 | €16,232 | = | 0.0% |
| Reserves | 13 | €173,279 | €333,353 | +€160,074 | +92.4% |
| Distributable reserves | 133 | €173,279 | €333,353 | +€160,074 | +92.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €160,271 | €65,396 | -€94,876 | -59.2% |
| Amounts payable after more than one year | 17 | €31,230 | €0 | -€31,230 | -100% |
| Financial debts | 170/4 | €31,230 | €0 | -€31,230 | -100% |
| Amounts payable within one year | 42/48 | €75,937 | €65,396 | -€10,541 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €49,261 | €5,234 | -€44,028 | -89.4% |
| Trade debts | 44 | €7,444 | €37,266 | +€29,822 | +401% |
| Suppliers | 440/4 | €7,444 | €37,266 | +€29,822 | +401% |
| Taxes, remuneration and social security | 45 | €15,643 | €22,896 | +€7,253 | +46.4% |
| Taxes | 450/3 | €245 | €1,048 | +€802 | +327% |
| Remuneration and social security | 454/9 | €15,397 | €21,848 | +€6,451 | +41.9% |
| Other amounts payable | 47/48 | €3,589 | €0 | -€3,589 | -100% |
| Accrued charges and deferred income | 492/3 | €53,104 | €0 | -€53,104 | -100% |
| Remuneration, social security and pensions | 62 | €116,464 | €122,263 | +€5,799 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,427 | €45,009 | -€14,418 | -24.3% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €334,572 | €383,750 | +€49,178 | +14.7% |
| Operating profit (loss) | 9901 | €158,153 | €215,934 | +€57,781 | +36.5% |
| Financial income | 75/76B | €726 | €623 | -€104 | -14.3% |
| Recurring financial income | 75 | €726 | €623 | -€104 | -14.3% |
| Financial charges | 65/66B | €2,818 | €2,378 | -€441 | -15.6% |
| Recurring financial charges | 65 | €2,818 | €2,378 | -€441 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €156,061 | €214,179 | +€58,118 | +37.2% |
| Income taxes | 67/77 | €39,916 | €54,105 | +€14,190 | +35.5% |
| Profit (loss) for the period | 9904 | €116,146 | €160,074 | +€43,928 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €116,146 | €160,074 | +€43,928 | +37.8% |
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 22 October 2026 via checked.be.