IEI77: 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.
IEI77
Largest movements
- Cash -€2,773
down €2,773 (-70.3%), from €3,944 to €1,172
mainly Trade debts (-€9,973) and Current portion of long-term debt (-€5,990)
- Financial fixed assets -€2,550
down €2,550 (-100.0%), from €2,550 to €0
- Receivables within one year -€2,542
down €2,542 (-6.6%), from €38,384 to €35,842
of which Other amounts receivable: -€2,085
- Intangible fixed assets -€1,858
down €1,858 (-37.4%), from €4,973 to €3,115
- Tangible fixed assets -€762
down €762 (-21.8%), from €3,495 to €2,732
of which Plant, machinery and equipment: -€762
- Trade debts -€9,973
down €9,973 (-50.7%), from €19,682 to €9,708
- Other debts +€9,269
up €9,269 (+36.3%), from €25,507 to €34,776
- Current portion of long-term debt -€5,990
down €5,990 (-57.6%), from €10,402 to €4,413
- Debts after one year -€4,413
down €4,413 (-100.0%), from €4,413 to €0
- Profit (loss) carried forward +€622
up €622 (+4.4%), from -€14,158 to -€13,535
- Gross operating margin +€29,773
up €29,773, from -€25,167 to €4,605
- Financial income -€17,501
down €17,501 (-99.9%), from €17,518 to €18
- Other operating charges -€2,602
down €2,602 (-86.7%), from €3,002 to €400
- Depreciation -€393
down €393 (-13.0%), from €3,013 to €2,620
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 | €53,346 | €42,862 | -€10,485 | -19.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €11,018 | €5,847 | -€5,170 | -46.9% |
| Intangible fixed assets | 21 | €4,973 | €3,115 | -€1,858 | -37.4% |
| Tangible fixed assets | 22/27 | €3,495 | €2,732 | -€762 | -21.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,495 | €2,732 | -€762 | -21.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,550 | €0 | -€2,550 | -100.0% |
| Current assets | 29/58 | €42,329 | €37,014 | -€5,315 | -12.6% |
| Amounts receivable within one year | 40/41 | €38,384 | €35,842 | -€2,542 | -6.6% |
| Trade receivables | 40 | €457 | €0 | -€457 | -100.0% |
| Other amounts receivable | 41 | €37,928 | €35,842 | -€2,085 | -5.5% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,944 | €1,172 | -€2,773 | -70.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €53,346 | €42,862 | -€10,485 | -19.7% |
| Equity | 10/15 | -€6,657 | -€6,035 | +€622 | +9.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €0 | €0 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | 0.0% |
| Own shares acquired | 1312 | €0 | €0 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€14,158 | -€13,535 | +€622 | +4.4% |
| Amounts payable | 17/49 | €60,004 | €48,897 | -€11,107 | -18.5% |
| Amounts payable after more than one year | 17 | €4,413 | €0 | -€4,413 | -100.0% |
| Financial debts | 170/4 | €4,413 | €0 | -€4,413 | -100.0% |
| Amounts payable within one year | 42/48 | €55,591 | €48,897 | -€6,694 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €10,402 | €4,413 | -€5,990 | -57.6% |
| Trade debts | 44 | €19,682 | €9,708 | -€9,973 | -50.7% |
| Suppliers | 440/4 | €19,682 | €9,708 | -€9,973 | -50.7% |
| Other amounts payable | 47/48 | €25,507 | €34,776 | +€9,269 | +36.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,013 | €2,620 | -€393 | -13.0% |
| Other operating charges | 640/8 | €3,002 | €400 | -€2,602 | -86.7% |
| Gross operating margin | 9900 | -€25,167 | €4,605 | +€29,773 | |
| Operating profit (loss) | 9901 | -€31,183 | €1,585 | +€32,768 | |
| Financial income | 75/76B | €17,518 | €18 | -€17,501 | -99.9% |
| Recurring financial income | 75 | €17,518 | €18 | -€17,501 | -99.9% |
| Financial charges | 65/66B | €898 | €981 | +€83 | +9.2% |
| Recurring financial charges | 65 | €898 | €981 | +€83 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,563 | €622 | +€15,185 | |
| Profit (loss) for the period | 9904 | -€14,563 | €622 | +€15,185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,563 | €622 | +€15,185 |
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 5 October 2026 via checked.be.