IE GLOBAL: 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.
IE GLOBAL
Largest movements
- Receivables within one year +€9,596
up €9,596 (+1.3%), from €733,804 to €743,400
of which Other amounts receivable: +€126,497
- Debts after one year +€70,199
new in 2025: €70,199
- Trade debts -€65,667
down €65,667 (-9.7%), from €679,536 to €613,869
- Current portion of long-term debt +€16,865
up €16,865, from €0 to €16,865
- Short-term financial debts -€12,294
down €12,294 (-32.2%), from €38,198 to €25,904
- Gross operating margin -€17,487
down €17,487 (-62.9%), from €27,789 to €10,303
- Taxes -€3,234
down €3,234 (-79.1%), from €4,088 to €855
- Financial income +€2,545
new in 2025: €2,545
- Depreciation -€2,097
down €2,097 (-38.2%), from €5,495 to €3,398
- Financial charges +€1,166
up €1,166 (+37.3%), from €3,129 to €4,295
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 | €941,353 | €952,909 | +€11,556 | +1.2% |
| Fixed assets | 21/28 | €14,366 | €10,968 | -€3,398 | -23.7% |
| Tangible fixed assets | 22/27 | €3,398 | €0 | -€3,398 | -100% |
| Plant, machinery and equipment | 23 | €1,737 | €0 | -€1,737 | -100% |
| Furniture and vehicles | 24 | €1,661 | €0 | -€1,661 | -100% |
| Financial fixed assets | 28 | €10,968 | €10,968 | = | 0.0% |
| Current assets | 29/58 | €926,987 | €941,941 | +€14,954 | +1.6% |
| Stocks and contracts in progress | 3 | €192,554 | €196,899 | +€4,346 | +2.3% |
| Stocks | 30/36 | €192,554 | €196,899 | +€4,346 | +2.3% |
| Amounts receivable within one year | 40/41 | €733,804 | €743,400 | +€9,596 | +1.3% |
| Trade receivables | 40 | €596,929 | €480,027 | -€116,901 | -19.6% |
| Other amounts receivable | 41 | €136,875 | €263,373 | +€126,497 | +92.4% |
| Cash at bank and in hand | 54/58 | €424 | €424 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €205 | €1,217 | +€1,012 | +493% |
| Total equity and liabilities | 10/49 | €941,353 | €952,909 | +€11,556 | +1.2% |
| Equity | 10/15 | €219,530 | €221,128 | +€1,598 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,304 | €22,304 | = | 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 | €20,444 | €20,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,626 | €180,224 | +€1,598 | +0.9% |
| Amounts payable | 17/49 | €721,822 | €731,781 | +€9,958 | +1.4% |
| Amounts payable after more than one year | 17 | - | €70,199 | +€70,199 | |
| Financial debts | 170/4 | - | €70,199 | +€70,199 | |
| Amounts payable within one year | 42/48 | €721,822 | €661,581 | -€60,241 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €16,865 | +€16,865 | |
| Financial debts | 43 | €38,198 | €25,904 | -€12,294 | -32.2% |
| Credit institutions | 430/8 | €38,198 | €25,904 | -€12,294 | -32.2% |
| Trade debts | 44 | €679,536 | €613,869 | -€65,667 | -9.7% |
| Suppliers | 440/4 | €679,536 | €613,869 | -€65,667 | -9.7% |
| Taxes, remuneration and social security | 45 | €4,088 | €4,943 | +€855 | +20.9% |
| Taxes | 450/3 | €4,088 | €4,943 | +€855 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,495 | €3,398 | -€2,097 | -38.2% |
| Other operating charges | 640/8 | €1,977 | €2,703 | +€726 | +36.7% |
| Gross operating margin | 9900 | €27,789 | €10,303 | -€17,487 | -62.9% |
| Operating profit (loss) | 9901 | €20,318 | €4,202 | -€16,116 | -79.3% |
| Financial income | 75/76B | - | €2,545 | +€2,545 | |
| Recurring financial income | 75 | - | €2,545 | +€2,545 | |
| Financial charges | 65/66B | €3,129 | €4,295 | +€1,166 | +37.3% |
| Recurring financial charges | 65 | €3,129 | €4,295 | +€1,166 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €17,189 | €2,452 | -€14,737 | -85.7% |
| Income taxes | 67/77 | €4,088 | €855 | -€3,234 | -79.1% |
| Profit (loss) for the period | 9904 | €13,101 | €1,598 | -€11,503 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,101 | €1,598 | -€11,503 | -87.8% |
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 24 October 2026 via checked.be.