IECON: 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.
IECON
Largest movements
- Cash +€36,231
up €36,231 (+528.6%), from €6,854 to €43,086
mainly Receivables within one year (+€33,487) and Depreciation (+€15,867)
- Receivables within one year -€33,487
down €33,487 (-54.5%), from €61,489 to €28,002
of which Trade receivables: -€38,467
- Tangible fixed assets -€14,128
down €14,128 (-28.1%), from €50,357 to €36,229
of which Furniture and vehicles: -€12,093
- Other debts -€18,048
down €18,048 (-13.5%), from €133,933 to €115,885
- Profit (loss) carried forward +€15,656
up €15,656 (+10.8%), from -€144,895 to -€129,239
- Debts after one year -€5,911
down €5,911 (-27.6%), from €21,441 to €15,530
- Tax, wage and social debts -€4,429
down €4,429 (-33.5%), from €13,211 to €8,782
- Gross operating margin -€33,848
down €33,848 (-45.6%), from €74,161 to €40,313
- Depreciation +€5,603
up €5,603 (+54.6%), from €10,264 to €15,867
- Taxes -€5,569
down €5,569 (-52.6%), from €10,589 to €5,020
- Financial charges -€1,379
down €1,379 (-41.4%), from €3,335 to €1,956
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,724 | €109,732 | -€11,993 | -9.9% |
| Fixed assets | 21/28 | €50,362 | €36,244 | -€14,118 | -28.0% |
| Tangible fixed assets | 22/27 | €50,357 | €36,229 | -€14,128 | -28.1% |
| Plant, machinery and equipment | 23 | €2,398 | €1,774 | -€623 | -26.0% |
| Furniture and vehicles | 24 | €44,637 | €32,544 | -€12,093 | -27.1% |
| Other tangible fixed assets | 26 | €3,323 | €1,911 | -€1,412 | -42.5% |
| Financial fixed assets | 28 | €5 | €15 | +€10 | +200.0% |
| Current assets | 29/58 | €71,362 | €73,488 | +€2,126 | +3.0% |
| Amounts receivable within one year | 40/41 | €61,489 | €28,002 | -€33,487 | -54.5% |
| Trade receivables | 40 | €61,483 | €23,015 | -€38,467 | -62.6% |
| Other amounts receivable | 41 | €6 | €4,987 | +€4,980 | +77334.3% |
| Cash at bank and in hand | 54/58 | €6,854 | €43,086 | +€36,231 | +528.6% |
| Deferred charges and accrued income | 490/1 | €3,019 | €2,400 | -€619 | -20.5% |
| Total equity and liabilities | 10/49 | €121,724 | €109,732 | -€11,993 | -9.9% |
| Equity | 10/15 | -€73,895 | -€58,239 | +€15,656 | +21.2% |
| Contributions | 10/11 | €71,000 | €71,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,895 | -€129,239 | +€15,656 | +10.8% |
| Amounts payable | 17/49 | €195,619 | €167,970 | -€27,649 | -14.1% |
| Amounts payable after more than one year | 17 | €21,441 | €15,530 | -€5,911 | -27.6% |
| Financial debts | 170/4 | €21,441 | €15,530 | -€5,911 | -27.6% |
| Amounts payable within one year | 42/48 | €173,223 | €151,592 | -€21,630 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €5,746 | €5,911 | +€165 | +2.9% |
| Trade debts | 44 | €20,332 | €21,014 | +€682 | +3.4% |
| Suppliers | 440/4 | €20,332 | €21,014 | +€682 | +3.4% |
| Taxes, remuneration and social security | 45 | €13,211 | €8,782 | -€4,429 | -33.5% |
| Taxes | 450/3 | €13,211 | €8,782 | -€4,429 | -33.5% |
| Other amounts payable | 47/48 | €133,933 | €115,885 | -€18,048 | -13.5% |
| Accrued charges and deferred income | 492/3 | €956 | €848 | -€108 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,264 | €15,867 | +€5,603 | +54.6% |
| Other operating charges | 640/8 | €1,499 | €1,820 | +€321 | +21.4% |
| Gross operating margin | 9900 | €74,161 | €40,313 | -€33,848 | -45.6% |
| Operating profit (loss) | 9901 | €62,399 | €22,626 | -€39,772 | -63.7% |
| Financial income | 75/76B | €0 | €6 | +€6 | +2894.7% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +2894.7% |
| Financial charges | 65/66B | €3,335 | €1,956 | -€1,379 | -41.4% |
| Recurring financial charges | 65 | €3,335 | €1,956 | -€1,379 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €59,063 | €20,676 | -€38,388 | -65.0% |
| Income taxes | 67/77 | €10,589 | €5,020 | -€5,569 | -52.6% |
| Profit (loss) for the period | 9904 | €48,475 | €15,656 | -€32,818 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,475 | €15,656 | -€32,818 | -67.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.