IESERVICES: 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.
IESERVICES
Largest movements
- Receivables within one year -€121,994
down €121,994 (-45.7%), from €267,101 to €145,107
of which Trade receivables: -€140,016
- Cash +€88,028
up €88,028 (+200.7%), from €43,869 to €131,898
mainly Receivables within one year (+€121,994) and Advances received (+€70,247)
- Stocks and contracts +€70,000
up €70,000 (+304.3%), from €23,000 to €93,000
of which Stocks: +€70,000
- Tangible fixed assets -€45,032
down €45,032 (-27.7%), from €162,512 to €117,480
of which Plant, machinery and equipment: -€34,538
- Advances received +€70,247
up €70,247, from €0 to €70,247
- Trade debts -€63,784
down €63,784 (-36.2%), from €176,045 to €112,261
- Other debts -€30,000
down €30,000 (-98.0%), from €30,617 to €617
- Debts after one year -€19,379
down €19,379 (-64.9%), from €29,852 to €10,472
- Tax, wage and social debts +€17,494
up €17,494 (+52.9%), from €33,071 to €50,564
of which Taxes: +€9,970
- Gross operating margin -€105,122
down €105,122 (-35.3%), from €297,553 to €192,431
- Staff costs +€64,997
up €64,997 (+117.2%), from €55,445 to €120,442
- Write-downs -€46,999
down €46,999, from €46,106 to -€893
- Taxes -€18,690
down €18,690 (-77.1%), from €24,231 to €5,541
- Depreciation +€5,653
up €5,653 (+11.6%), from €48,584 to €54,237
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 | €519,342 | €510,862 | -€8,481 | -1.6% |
| Fixed assets | 21/28 | €176,093 | €131,061 | -€45,032 | -25.6% |
| Tangible fixed assets | 22/27 | €162,512 | €117,480 | -€45,032 | -27.7% |
| Plant, machinery and equipment | 23 | €110,491 | €75,953 | -€34,538 | -31.3% |
| Furniture and vehicles | 24 | €42,406 | €34,130 | -€8,276 | -19.5% |
| Other tangible fixed assets | 26 | €9,615 | €7,397 | -€2,218 | -23.1% |
| Financial fixed assets | 28 | €13,581 | €13,581 | = | 0.0% |
| Current assets | 29/58 | €343,250 | €379,801 | +€36,551 | +10.6% |
| Stocks and contracts in progress | 3 | €23,000 | €93,000 | +€70,000 | +304.3% |
| Stocks | 30/36 | €23,000 | €93,000 | +€70,000 | +304.3% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €267,101 | €145,107 | -€121,994 | -45.7% |
| Trade receivables | 40 | €264,279 | €124,262 | -€140,016 | -53.0% |
| Other amounts receivable | 41 | €2,822 | €20,844 | +€18,022 | +638.6% |
| Cash at bank and in hand | 54/58 | €43,869 | €131,898 | +€88,028 | +200.7% |
| Deferred charges and accrued income | 490/1 | €9,279 | €9,796 | +€517 | +5.6% |
| Total equity and liabilities | 10/49 | €519,342 | €510,862 | -€8,481 | -1.6% |
| Equity | 10/15 | €231,080 | €238,914 | +€7,834 | +3.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €216,000 | €223,914 | +€7,914 | +3.7% |
| Distributable reserves | 133 | €216,000 | €223,914 | +€7,914 | +3.7% |
| Profit (loss) carried forward | 14 | €80 | €0 | -€80 | -100.0% |
| Amounts payable | 17/49 | €288,263 | €271,948 | -€16,315 | -5.7% |
| Amounts payable after more than one year | 17 | €29,852 | €10,472 | -€19,379 | -64.9% |
| Financial debts | 170/4 | €29,852 | €10,472 | -€19,379 | -64.9% |
| Amounts payable within one year | 42/48 | €258,411 | €261,475 | +€3,065 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €18,678 | €19,379 | +€702 | +3.8% |
| Financial debts | 43 | - | €8,406 | +€8,406 | |
| Credit institutions | 430/8 | - | €8,406 | +€8,406 | |
| Trade debts | 44 | €176,045 | €112,261 | -€63,784 | -36.2% |
| Suppliers | 440/4 | €176,045 | €112,261 | -€63,784 | -36.2% |
| Advances received on contracts in progress | 46 | €0 | €70,247 | +€70,247 | |
| Taxes, remuneration and social security | 45 | €33,071 | €50,564 | +€17,494 | +52.9% |
| Taxes | 450/3 | €25,888 | €35,858 | +€9,970 | +38.5% |
| Remuneration and social security | 454/9 | €7,182 | €14,706 | +€7,524 | +104.8% |
| Other amounts payable | 47/48 | €30,617 | €617 | -€30,000 | -98.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €10,288 | €0 | -€10,288 | -100.0% |
| Remuneration, social security and pensions | 62 | €55,445 | €120,442 | +€64,997 | +117.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,584 | €54,237 | +€5,653 | +11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,106 | -€893 | -€46,999 | |
| Other operating charges | 640/8 | €1,651 | €2,842 | +€1,191 | +72.1% |
| Gross operating margin | 9900 | €297,553 | €192,431 | -€105,122 | -35.3% |
| Operating profit (loss) | 9901 | €145,766 | €15,803 | -€129,963 | -89.2% |
| Financial income | 75/76B | €242 | €1,395 | +€1,153 | +475.9% |
| Recurring financial income | 75 | €242 | €1,395 | +€1,153 | +475.9% |
| Financial charges | 65/66B | €3,816 | €3,823 | +€7 | +0.2% |
| Recurring financial charges | 65 | €3,816 | €3,823 | +€7 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €142,193 | €13,376 | -€128,817 | -90.6% |
| Income taxes | 67/77 | €24,231 | €5,541 | -€18,690 | -77.1% |
| Profit (loss) for the period | 9904 | €117,962 | €7,834 | -€110,128 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,962 | €7,834 | -€110,128 | -93.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.