iES!: 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.
iES!
Largest movements
- Cash +€314,785
up €314,785 (+817.9%), from €38,487 to €353,272
mainly Debts within one year (+€225,255) and Debts after one year (+€108,534)
- Receivables within one year +€21,000
up €21,000 (+5.0%), from €418,283 to €439,283
- Debts within one year +€225,255
up €225,255 (+450.9%), from €49,960 to €275,215
- Debts after one year +€108,534
up €108,534 (+25.8%), from €420,000 to €528,534
- Staff costs +€60,572
up €60,572 (+34.1%), from €177,389 to €237,961
- Gross operating margin +€55,680
up €55,680 (+31.7%), from €175,613 to €231,293
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 | €469,960 | €805,843 | +€335,883 | +71.5% |
| Fixed assets | 21/28 | €9,762 | €8,284 | -€1,478 | -15.1% |
| Intangible fixed assets | 21 | - | €2,148 | +€2,148 | |
| Tangible fixed assets | 22/27 | - | €3,124 | +€3,124 | |
| Furniture and vehicles | 24 | - | €3,124 | +€3,124 | |
| Financial fixed assets | 28 | €9,762 | €3,012 | -€6,750 | -69.1% |
| Current assets | 29/58 | €460,198 | €797,559 | +€337,360 | +73.3% |
| Amounts receivable within one year | 40/41 | €418,283 | €439,283 | +€21,000 | +5.0% |
| Other amounts receivable | 41 | €418,283 | €439,283 | +€21,000 | +5.0% |
| Cash at bank and in hand | 54/58 | €38,487 | €353,272 | +€314,785 | +817.9% |
| Deferred charges and accrued income | 490/1 | €3,428 | €5,004 | +€1,575 | +45.9% |
| Total equity and liabilities | 10/49 | €469,960 | €805,843 | +€335,883 | +71.5% |
| Equity | 10/15 | €0 | €2,094 | +€2,094 | |
| Profit (loss) carried forward | 14 | €0 | -€3,179 | -€3,179 | |
| Investment grants | 15 | - | €5,272 | +€5,272 | |
| Amounts payable | 17/49 | €469,960 | €803,749 | +€333,789 | +71.0% |
| Amounts payable after more than one year | 17 | €420,000 | €528,534 | +€108,534 | +25.8% |
| Other amounts payable | 178/9 | €420,000 | €528,534 | +€108,534 | +25.8% |
| Amounts payable within one year | 42/48 | €49,960 | €275,215 | +€225,255 | +450.9% |
| Trade debts | 44 | €9,657 | €17,395 | +€7,738 | +80.1% |
| Suppliers | 440/4 | €9,657 | €17,395 | +€7,738 | +80.1% |
| Taxes, remuneration and social security | 45 | €40,304 | €57,821 | +€17,517 | +43.5% |
| Taxes | 450/3 | €4,745 | €8,093 | +€3,348 | +70.6% |
| Remuneration and social security | 454/9 | €35,559 | €49,727 | +€14,168 | +39.8% |
| Remuneration, social security and pensions | 62 | €177,389 | €237,961 | +€60,572 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €133 | +€133 | |
| Other operating charges | 640/8 | €123 | €116 | -€8 | -6.1% |
| Gross operating margin | 9900 | €175,613 | €231,293 | +€55,680 | +31.7% |
| Operating profit (loss) | 9901 | -€1,899 | -€6,917 | -€5,018 | -264.2% |
| Financial income | 75/76B | €2,171 | €4,018 | +€1,847 | +85.1% |
| Recurring financial income | 75 | €2,171 | €4,018 | +€1,847 | +85.1% |
| Financial charges | 65/66B | €272 | €280 | +€8 | +2.9% |
| Recurring financial charges | 65 | €272 | €280 | +€8 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €0 | -€3,179 | -€3,179 | |
| Profit (loss) for the period | 9904 | €0 | -€3,179 | -€3,179 | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | -€3,179 | -€3,179 |
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 7 October 2026 via checked.be.