IAZ Consult: 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.
IAZ Consult
Largest movements
- Tangible fixed assets +€116,818
up €116,818 (+118.5%), from €98,543 to €215,361
of which Leasing and similar rights: +€62,145
- Receivables within one year -€72,902
down €72,902 (-71.1%), from €102,512 to €29,610
of which Trade receivables: -€61,108
- Cash +€18,430
up €18,430 (+78.1%), from €23,609 to €42,039
mainly Tax, wage and social debts (+€117,024) and Receivables within one year (+€72,902)
- Profit (loss) carried forward -€151,091
down €151,091 (-399.3%), from -€37,840 to -€188,931
- Tax, wage and social debts +€117,024
new in 2025: €117,024
of which Remuneration and social security: +€78,336
- Other debts +€60,304
up €60,304 (+33.7%), from €179,186 to €239,490
- Trade debts +€31,194
up €31,194 (+38.9%), from €80,259 to €111,453
- Advances received +€5,479
up €5,479 (+185.1%), from €2,959 to €8,438
- Staff costs +€326,115
new in 2025: €326,115
- Gross operating margin +€240,899
up €240,899, from -€36,122 to €204,777
- Depreciation +€27,937
up €27,937 (+2182.2%), from €1,280 to €29,218
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 | €224,665 | €287,574 | +€62,910 | +28.0% |
| Fixed assets | 21/28 | €98,543 | €215,361 | +€116,818 | +118.5% |
| Tangible fixed assets | 22/27 | €98,543 | €215,361 | +€116,818 | +118.5% |
| Plant, machinery and equipment | 23 | €4,310 | €53,506 | +€49,196 | +1141.4% |
| Furniture and vehicles | 24 | - | €1,082 | +€1,082 | |
| Leasing and similar rights | 25 | €94,233 | €156,378 | +€62,145 | +65.9% |
| Other tangible fixed assets | 26 | - | €4,394 | +€4,394 | |
| Current assets | 29/58 | €126,121 | €72,213 | -€53,908 | -42.7% |
| Amounts receivable within one year | 40/41 | €102,512 | €29,610 | -€72,902 | -71.1% |
| Trade receivables | 40 | €90,717 | €29,610 | -€61,108 | -67.4% |
| Other amounts receivable | 41 | €11,795 | - | -€11,795 | |
| Cash at bank and in hand | 54/58 | €23,609 | €42,039 | +€18,430 | +78.1% |
| Deferred charges and accrued income | 490/1 | - | €564 | +€564 | |
| Total equity and liabilities | 10/49 | €224,665 | €287,574 | +€62,910 | +28.0% |
| Equity | 10/15 | -€37,740 | -€188,831 | -€151,091 | -400.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,840 | -€188,931 | -€151,091 | -399.3% |
| Amounts payable | 17/49 | €262,404 | €476,405 | +€214,001 | +81.6% |
| Amounts payable within one year | 42/48 | €262,404 | €476,405 | +€214,001 | +81.6% |
| Trade debts | 44 | €80,259 | €111,453 | +€31,194 | +38.9% |
| Suppliers | 440/4 | €80,259 | €111,453 | +€31,194 | +38.9% |
| Advances received on contracts in progress | 46 | €2,959 | €8,438 | +€5,479 | +185.1% |
| Taxes, remuneration and social security | 45 | - | €117,024 | +€117,024 | |
| Taxes | 450/3 | - | €38,688 | +€38,688 | |
| Remuneration and social security | 454/9 | - | €78,336 | +€78,336 | |
| Other amounts payable | 47/48 | €179,186 | €239,490 | +€60,304 | +33.7% |
| Remuneration, social security and pensions | 62 | - | €326,115 | +€326,115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,280 | €29,218 | +€27,937 | +2182.2% |
| Other operating charges | 640/8 | €387 | €330 | -€57 | -14.8% |
| Gross operating margin | 9900 | -€36,122 | €204,777 | +€240,899 | |
| Operating profit (loss) | 9901 | -€37,790 | -€150,885 | -€113,096 | -299.3% |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €50 | €266 | +€216 | +431.9% |
| Recurring financial charges | 65 | €50 | €266 | +€216 | +431.9% |
| Profit (loss) for the period before taxes | 9903 | -€37,840 | -€151,091 | -€113,251 | -299.3% |
| Profit (loss) for the period | 9904 | -€37,840 | -€151,091 | -€113,251 | -299.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,840 | -€151,091 | -€113,251 | -299.3% |
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 4 October 2026 via checked.be.