IES INVEST: 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.
IES INVEST
Largest movements
- Intangible fixed assets -€7,000
down €7,000 (-25.3%), from €27,616 to €20,616
- Cash -€6,031
down €6,031 (-93.6%), from €6,444 to €412
mainly Debts after one year (-€46,787) and Advances received (-€3,772)
- Receivables within one year +€3,312
up €3,312 (+74.8%), from €4,430 to €7,742
of which Trade receivables: +€3,158
- Tangible fixed assets -€3,178
down €3,178 (-5.4%), from €58,362 to €55,184
of which Land and buildings: -€2,958
- Deferred charges and accrued income +€1,621
new in 2024: €1,621
- Debts after one year -€46,787
down €46,787 (-55.2%), from €84,738 to €37,951
of which Trade debts: -€29,282
- Profit (loss) carried forward +€32,659
up €32,659 (+95.6%), from -€34,167 to -€1,508
- Current portion of long-term debt +€7,337
up €7,337 (+51.8%), from €14,168 to €21,505
- Advances received -€3,772
no longer reported in 2024 (was €3,772)
- Tax, wage and social debts -€3,706
down €3,706 (-87.0%), from €4,262 to €556
of which Taxes: -€2,768
- Gross operating margin +€38,019
up €38,019, from -€608 to €37,411
- Financial income +€22,265
up €22,265 (+742,167%), from €3 to €22,268
of which Non-recurring financial income: +€22,268
- Staff costs -€5,327
down €5,327 (-27.4%), from €19,425 to €14,098
- Other operating charges -€605
down €605 (-43.7%), from €1,384 to €779
- Financial charges -€405
down €405 (-17.1%), from €2,370 to €1,965
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,852 | €85,575 | -€11,277 | -11.6% |
| Fixed assets | 21/28 | €85,978 | €75,800 | -€10,178 | -11.8% |
| Intangible fixed assets | 21 | €27,616 | €20,616 | -€7,000 | -25.3% |
| Tangible fixed assets | 22/27 | €58,362 | €55,184 | -€3,178 | -5.4% |
| Land and buildings | 22 | €56,365 | €53,407 | -€2,958 | -5.2% |
| Plant, machinery and equipment | 23 | €1,997 | €1,777 | -€221 | -11.0% |
| Current assets | 29/58 | €10,874 | €9,775 | -€1,098 | -10.1% |
| Amounts receivable within one year | 40/41 | €4,430 | €7,742 | +€3,312 | +74.8% |
| Trade receivables | 40 | €4,430 | €7,588 | +€3,158 | +71.3% |
| Other amounts receivable | 41 | - | €154 | +€154 | |
| Cash at bank and in hand | 54/58 | €6,444 | €412 | -€6,031 | -93.6% |
| Deferred charges and accrued income | 490/1 | - | €1,621 | +€1,621 | |
| Total equity and liabilities | 10/49 | €96,852 | €85,575 | -€11,277 | -11.6% |
| Equity | 10/15 | -€14,167 | €18,492 | +€32,659 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,167 | -€1,508 | +€32,659 | +95.6% |
| Amounts payable | 17/49 | €111,019 | €67,083 | -€43,936 | -39.6% |
| Amounts payable after more than one year | 17 | €84,738 | €37,951 | -€46,787 | -55.2% |
| Financial debts | 170/4 | €55,456 | €37,951 | -€17,505 | -31.6% |
| Trade debts | 175 | €29,282 | - | -€29,282 | |
| Amounts payable within one year | 42/48 | €26,270 | €29,132 | +€2,862 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €14,168 | €21,505 | +€7,337 | +51.8% |
| Trade debts | 44 | €3,956 | €6,250 | +€2,294 | +58.0% |
| Suppliers | 440/4 | €3,956 | €6,250 | +€2,294 | +58.0% |
| Advances received on contracts in progress | 46 | €3,772 | - | -€3,772 | |
| Taxes, remuneration and social security | 45 | €4,262 | €556 | -€3,706 | -87.0% |
| Taxes | 450/3 | €2,988 | €220 | -€2,768 | -92.6% |
| Remuneration and social security | 454/9 | €1,274 | €335 | -€938 | -73.7% |
| Other amounts payable | 47/48 | €112 | €821 | +€709 | +632% |
| Accrued charges and deferred income | 492/3 | €11 | - | -€11 | |
| Remuneration, social security and pensions | 62 | €19,425 | €14,098 | -€5,327 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,383 | €10,178 | -€205 | -2.0% |
| Other operating charges | 640/8 | €1,384 | €779 | -€605 | -43.7% |
| Gross operating margin | 9900 | -€608 | €37,411 | +€38,019 | |
| Operating profit (loss) | 9901 | -€31,800 | €12,356 | +€44,156 | |
| Financial income | 75/76B | €3 | €22,268 | +€22,265 | +742,167% |
| Recurring financial income | 75 | €3 | €22,268 | +€22,265 | +742,167% |
| Non-recurring financial income | 76B | - | €22,268 | +€22,268 | |
| Financial charges | 65/66B | €2,370 | €1,965 | -€405 | -17.1% |
| Recurring financial charges | 65 | €2,370 | €1,965 | -€405 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€34,167 | €32,659 | +€66,826 | |
| Profit (loss) for the period | 9904 | -€34,167 | €32,659 | +€66,826 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,167 | €32,659 | +€66,826 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.