iet nief: 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.
iet nief
Largest movements
- Receivables within one year +€53,129
up €53,129 (+82.7%), from €64,215 to €117,344
of which Other amounts receivable: +€78,064
- Current investments +€50,298
new in 2025: €50,298
- Other debts +€79,510
up €79,510 (+16,227%), from €490 to €80,000
- Tax, wage and social debts +€15,144
up €15,144 (+34.8%), from €43,539 to €58,683
of which Taxes: +€15,140
- Profit (loss) carried forward +€6,740
up €6,740 (+6.5%), from €103,594 to €110,334
- Gross operating margin +€11,171
up €11,171 (+11.2%), from €100,102 to €111,273
- Taxes +€2,768
up €2,768 (+13.8%), from €20,084 to €22,852
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.
Derived cash bridge
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 | €155,954 | €257,970 | +€102,016 | +65.4% |
| Formation expenses | 20 | €1,620 | €1,144 | -€476 | -29.4% |
| Fixed assets | 21/28 | €1,761 | €3,286 | +€1,525 | +86.6% |
| Tangible fixed assets | 22/27 | €1,761 | €3,286 | +€1,525 | +86.6% |
| Plant, machinery and equipment | 23 | €1,137 | €2,731 | +€1,594 | +140% |
| Furniture and vehicles | 24 | €624 | €555 | -€69 | -11.1% |
| Current assets | 29/58 | €152,573 | €253,540 | +€100,967 | +66.2% |
| Amounts receivable within one year | 40/41 | €64,215 | €117,344 | +€53,129 | +82.7% |
| Trade receivables | 40 | €64,215 | €39,280 | -€24,935 | -38.8% |
| Other amounts receivable | 41 | - | €78,064 | +€78,064 | |
| Current investments | 50/53 | - | €50,298 | +€50,298 | |
| Cash at bank and in hand | 54/58 | €87,747 | €85,238 | -€2,509 | -2.9% |
| Deferred charges and accrued income | 490/1 | €611 | €660 | +€49 | +8.0% |
| Total equity and liabilities | 10/49 | €155,954 | €257,970 | +€102,016 | +65.4% |
| Equity | 10/15 | €104,594 | €111,334 | +€6,740 | +6.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,594 | €110,334 | +€6,740 | +6.5% |
| Amounts payable | 17/49 | €51,360 | €146,636 | +€95,276 | +186% |
| Amounts payable within one year | 42/48 | €51,360 | €146,636 | +€95,276 | +186% |
| Trade debts | 44 | €7,331 | €7,953 | +€622 | +8.5% |
| Suppliers | 440/4 | €7,331 | €7,953 | +€622 | +8.5% |
| Taxes, remuneration and social security | 45 | €43,539 | €58,683 | +€15,144 | +34.8% |
| Taxes | 450/3 | €43,539 | €58,679 | +€15,140 | +34.8% |
| Remuneration and social security | 454/9 | - | €4 | +€4 | |
| Other amounts payable | 47/48 | €490 | €80,000 | +€79,510 | +16,227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,628 | €1,747 | +€119 | +7.3% |
| Other operating charges | 640/8 | €25 | €169 | +€144 | +576% |
| Gross operating margin | 9900 | €100,102 | €111,273 | +€11,171 | +11.2% |
| Operating profit (loss) | 9901 | €98,449 | €109,357 | +€10,908 | +11.1% |
| Financial income | 75/76B | €5 | €876 | +€871 | +17,420% |
| Recurring financial income | 75 | €5 | €876 | +€871 | +17,420% |
| Financial charges | 65/66B | €368 | €641 | +€273 | +74.2% |
| Recurring financial charges | 65 | €368 | €641 | +€273 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €98,086 | €109,592 | +€11,506 | +11.7% |
| Income taxes | 67/77 | €20,084 | €22,852 | +€2,768 | +13.8% |
| Profit (loss) for the period | 9904 | €78,002 | €86,740 | +€8,738 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €78,002 | €86,740 | +€8,738 | +11.2% |
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 20 October 2026 via checked.be.