IETECK: 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.
IETECK
Largest movements
- Tangible fixed assets -€13,411
down €13,411 (-3.9%), from €339,703 to €326,293
- Deferred charges and accrued income +€7,112
up €7,112 (+43955.4%), from €16 to €7,128
- Debts after one year -€28,333
down €28,333 (-13.0%), from €217,511 to €189,179
- Profit (loss) carried forward +€17,039
up €17,039 (+2.9%), from -€588,784 to -€571,745
- Tax, wage and social debts +€5,489
up €5,489 (+81.1%), from €6,765 to €12,254
- Gross operating margin +€829
up €829 (+1.9%), from €43,662 to €44,491
- Financial charges -€467
down €467 (-10.1%), from €4,616 to €4,149
- Taxes +€461
up €461 (+8.0%), from €5,742 to €6,203
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 | €355,579 | €348,833 | -€6,746 | -1.9% |
| Fixed assets | 21/28 | €339,703 | €326,293 | -€13,411 | -3.9% |
| Tangible fixed assets | 22/27 | €339,703 | €326,293 | -€13,411 | -3.9% |
| Land and buildings | 22 | €339,703 | €326,293 | -€13,411 | -3.9% |
| Current assets | 29/58 | €15,876 | €22,540 | +€6,664 | +42.0% |
| Amounts receivable within one year | 40/41 | - | €110 | +€110 | |
| Trade receivables | 40 | - | €110 | +€110 | |
| Cash at bank and in hand | 54/58 | €15,860 | €15,303 | -€557 | -3.5% |
| Deferred charges and accrued income | 490/1 | €16 | €7,128 | +€7,112 | +43955.4% |
| Total equity and liabilities | 10/49 | €355,579 | €348,833 | -€6,746 | -1.9% |
| Equity | 10/15 | €11,216 | €28,255 | +€17,039 | +151.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€588,784 | -€571,745 | +€17,039 | +2.9% |
| Amounts payable | 17/49 | €344,363 | €320,577 | -€23,786 | -6.9% |
| Amounts payable after more than one year | 17 | €217,511 | €189,179 | -€28,333 | -13.0% |
| Financial debts | 170/4 | €217,511 | €189,179 | -€28,333 | -13.0% |
| Amounts payable within one year | 42/48 | €126,852 | €131,399 | +€4,547 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €27,861 | €28,333 | +€472 | +1.7% |
| Trade debts | 44 | €6,278 | €4,865 | -€1,413 | -22.5% |
| Suppliers | 440/4 | €6,278 | €4,865 | -€1,413 | -22.5% |
| Taxes, remuneration and social security | 45 | €6,765 | €12,254 | +€5,489 | +81.1% |
| Taxes | 450/3 | €6,765 | €12,254 | +€5,489 | +81.1% |
| Other amounts payable | 47/48 | €85,948 | €85,948 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,264 | €13,411 | +€147 | +1.1% |
| Other operating charges | 640/8 | €3,594 | €3,690 | +€97 | +2.7% |
| Gross operating margin | 9900 | €43,662 | €44,491 | +€829 | +1.9% |
| Operating profit (loss) | 9901 | €26,805 | €27,391 | +€586 | +2.2% |
| Financial charges | 65/66B | €4,616 | €4,149 | -€467 | -10.1% |
| Recurring financial charges | 65 | €4,616 | €4,149 | -€467 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €22,189 | €23,242 | +€1,053 | +4.7% |
| Income taxes | 67/77 | €5,742 | €6,203 | +€461 | +8.0% |
| Profit (loss) for the period | 9904 | €16,447 | €17,039 | +€592 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,447 | €17,039 | +€592 | +3.6% |
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 3 October 2026 via checked.be.