IE CONCEPT: 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.
IE CONCEPT
Largest movements
- Receivables within one year +€35,768
up €35,768 (+36.1%), from €99,132 to €134,900
of which Trade receivables: +€24,997
- Cash +€21,735
new in 2025: €21,735
mainly Tax, wage and social debts (+€23,608) and Net result for the year (+€23,095)
- Deferred charges and accrued income -€11,665
down €11,665 (-97.4%), from €11,978 to €313
- Tangible fixed assets -€2,928
down €2,928 (-16.1%), from €18,205 to €15,277
of which Furniture and vehicles: -€3,825
- Tax, wage and social debts +€23,608
up €23,608 (+222.2%), from €10,623 to €34,230
of which Taxes: +€16,384
- Profit (loss) carried forward +€23,095
up €23,095 (+29.9%), from €77,237 to €100,332
- Short-term financial debts -€9,967
no longer reported in 2025 (was €9,967)
- Accrued charges and deferred income +€3,802
new in 2025: €3,802
- Trade debts +€2,509
up €2,509 (+55.7%), from €4,502 to €7,011
- Gross operating margin +€54,104
up €54,104 (+53.8%), from €100,607 to €154,711
- Staff costs +€44,015
up €44,015 (+67.6%), from €65,104 to €109,119
- Financial income -€4,511
down €4,511 (-99.8%), from €4,520 to €9
- Taxes +€4,217
up €4,217 (+78.5%), from €5,369 to €9,586
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 | €129,853 | €172,763 | +€42,910 | +33.0% |
| Fixed assets | 21/28 | €18,743 | €15,815 | -€2,928 | -15.6% |
| Tangible fixed assets | 22/27 | €18,205 | €15,277 | -€2,928 | -16.1% |
| Plant, machinery and equipment | 23 | €6,761 | €7,659 | +€897 | +13.3% |
| Furniture and vehicles | 24 | €11,444 | €7,618 | -€3,825 | -33.4% |
| Financial fixed assets | 28 | €538 | €538 | = | 0.0% |
| Current assets | 29/58 | €111,110 | €156,948 | +€45,838 | +41.3% |
| Amounts receivable within one year | 40/41 | €99,132 | €134,900 | +€35,768 | +36.1% |
| Trade receivables | 40 | €20,188 | €45,185 | +€24,997 | +123.8% |
| Other amounts receivable | 41 | €78,943 | €89,715 | +€10,772 | +13.6% |
| Cash at bank and in hand | 54/58 | - | €21,735 | +€21,735 | |
| Deferred charges and accrued income | 490/1 | €11,978 | €313 | -€11,665 | -97.4% |
| Total equity and liabilities | 10/49 | €129,853 | €172,763 | +€42,910 | +33.0% |
| Equity | 10/15 | €92,237 | €115,332 | +€23,095 | +25.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,237 | €100,332 | +€23,095 | +29.9% |
| Amounts payable | 17/49 | €37,616 | €57,431 | +€19,815 | +52.7% |
| Amounts payable within one year | 42/48 | €37,616 | €53,629 | +€16,014 | +42.6% |
| Financial debts | 43 | €9,967 | - | -€9,967 | |
| Credit institutions | 430/8 | €9,967 | - | -€9,967 | |
| Trade debts | 44 | €4,502 | €7,011 | +€2,509 | +55.7% |
| Suppliers | 440/4 | €4,502 | €7,011 | +€2,509 | +55.7% |
| Advances received on contracts in progress | 46 | €290 | €290 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,623 | €34,230 | +€23,608 | +222.2% |
| Taxes | 450/3 | €10,623 | €27,007 | +€16,384 | +154.2% |
| Remuneration and social security | 454/9 | - | €7,223 | +€7,223 | |
| Other amounts payable | 47/48 | €12,233 | €12,098 | -€135 | -1.1% |
| Accrued charges and deferred income | 492/3 | - | €3,802 | +€3,802 | |
| Non-recurring operating income | 76A | €1,403 | - | -€1,403 | |
| Remuneration, social security and pensions | 62 | €65,104 | €109,119 | +€44,015 | +67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,709 | €9,033 | +€1,324 | +17.2% |
| Other operating charges | 640/8 | €1,921 | €1,881 | -€40 | -2.1% |
| Gross operating margin | 9900 | €100,607 | €154,711 | +€54,104 | +53.8% |
| Operating profit (loss) | 9901 | €25,874 | €34,678 | +€8,805 | +34.0% |
| Financial income | 75/76B | €4,520 | €9 | -€4,511 | -99.8% |
| Recurring financial income | 75 | €4,520 | €9 | -€4,511 | -99.8% |
| Financial charges | 65/66B | €1,613 | €2,007 | +€394 | +24.4% |
| Recurring financial charges | 65 | €1,613 | €2,007 | +€394 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €28,781 | €32,680 | +€3,900 | +13.5% |
| Income taxes | 67/77 | €5,369 | €9,586 | +€4,217 | +78.5% |
| Profit (loss) for the period | 9904 | €23,412 | €23,095 | -€317 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,412 | €23,095 | -€317 | -1.4% |
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 3 October 2026 via checked.be.