IEFUSION: 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.
IEFUSION
Largest movements
- Tangible fixed assets -€26,153
down €26,153 (-17.0%), from €153,853 to €127,700
of which Land and buildings: -€18,768
- Cash -€18,092
down €18,092 (-23.3%), from €77,608 to €59,516
mainly Net result for the year (-€23,692) and Other debts (-€20,248)
- Profit (loss) carried forward -€23,692
down €23,692 (-9.4%), from -€251,430 to -€275,122
- Other debts -€20,248
down €20,248 (-4.0%), from €508,113 to €487,866
- Gross operating margin +€31,293
up €31,293, from -€26,204 to €5,089
- Turnover -€11,676
down €11,676 (-42.1%), from €27,721 to €16,045
- Purchases and services +€7,554
up €7,554 (+156.1%), from €4,838 to €12,392
- Financial charges -€3,588
down €3,588 (-93.7%), from €3,829 to €241
- Other operating charges -€766
down €766 (-24.3%), from €3,153 to €2,386
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 | €270,665 | €226,420 | -€44,245 | -16.3% |
| Fixed assets | 21/28 | €191,293 | €165,140 | -€26,153 | -13.7% |
| Tangible fixed assets | 22/27 | €153,853 | €127,700 | -€26,153 | -17.0% |
| Land and buildings | 22 | €138,462 | €119,694 | -€18,768 | -13.6% |
| Furniture and vehicles | 24 | €15,391 | €8,006 | -€7,385 | -48.0% |
| Financial fixed assets | 28 | €37,440 | €37,440 | = | 0.0% |
| Current assets | 29/58 | €79,372 | €61,281 | -€18,092 | -22.8% |
| Amounts receivable within one year | 40/41 | €1,764 | €1,764 | = | 0.0% |
| Trade receivables | 40 | €1,764 | €1,764 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,608 | €59,516 | -€18,092 | -23.3% |
| Total equity and liabilities | 10/49 | €270,665 | €226,420 | -€44,245 | -16.3% |
| Equity | 10/15 | -€243,370 | -€267,062 | -€23,692 | -9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251,430 | -€275,122 | -€23,692 | -9.4% |
| Amounts payable | 17/49 | €514,035 | €493,482 | -€20,553 | -4.0% |
| Amounts payable within one year | 42/48 | €514,035 | €493,482 | -€20,553 | -4.0% |
| Trade debts | 44 | €4,131 | €4,496 | +€366 | +8.9% |
| Suppliers | 440/4 | €4,131 | €4,496 | +€366 | +8.9% |
| Taxes, remuneration and social security | 45 | €1,791 | €1,120 | -€671 | -37.5% |
| Taxes | 450/3 | €1,791 | €1,120 | -€671 | -37.5% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €508,113 | €487,866 | -€20,248 | -4.0% |
| Turnover | 70 | €27,721 | €16,045 | -€11,676 | -42.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,838 | €12,392 | +€7,554 | +156.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,153 | €26,153 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,153 | €2,386 | -€766 | -24.3% |
| Gross operating margin | 9900 | -€26,204 | €5,089 | +€31,293 | |
| Operating profit (loss) | 9901 | -€55,510 | -€23,451 | +€32,059 | +57.8% |
| Financial income | 75/76B | €765 | - | -€765 | |
| Recurring financial income | 75 | €765 | - | -€765 | |
| Financial charges | 65/66B | €3,829 | €241 | -€3,588 | -93.7% |
| Recurring financial charges | 65 | €3,829 | €241 | -€3,588 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | -€58,574 | -€23,692 | +€34,883 | +59.6% |
| Profit (loss) for the period | 9904 | -€58,574 | -€23,692 | +€34,883 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,574 | -€23,692 | +€34,883 | +59.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.