IExT: 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.
IExT
Largest movements
- Cash -€38,772
down €38,772 (-50.3%), from €77,094 to €38,322
mainly Trade debts (-€39,319) and Other debts (-€30,000)
- Receivables within one year -€35,888
down €35,888 (-19.6%), from €183,483 to €147,594
of which Other amounts receivable: -€19,072
- Stocks and contracts +€8,796
up €8,796 (+28.9%), from €30,445 to €39,241
- Trade debts -€39,319
down €39,319 (-37.4%), from €105,216 to €65,897
- Other debts -€30,000
no longer reported in 2025 (was €30,000)
- Profit (loss) carried forward +€4,250
up €4,250 (+122.0%), from €3,485 to €7,735
- Staff costs -€64,556
down €64,556 (-99.9%), from €64,622 to €66
- Gross operating margin -€58,234
down €58,234 (-95.2%), from €61,175 to €2,941
- Write-downs -€1,117
down €1,117 (-48.4%), from -€2,308 to -€3,425
- Financial income +€897
up €897 (+668.3%), from €134 to €1,032
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 | €291,364 | €225,157 | -€66,207 | -22.7% |
| Fixed assets | 21/28 | €343 | - | -€343 | |
| Intangible fixed assets | 21 | €343 | - | -€343 | |
| Current assets | 29/58 | €291,021 | €225,157 | -€65,864 | -22.6% |
| Stocks and contracts in progress | 3 | €30,445 | €39,241 | +€8,796 | +28.9% |
| Stocks | 30/36 | €30,445 | €39,241 | +€8,796 | +28.9% |
| Amounts receivable within one year | 40/41 | €183,483 | €147,594 | -€35,888 | -19.6% |
| Trade receivables | 40 | €119,483 | €102,667 | -€16,816 | -14.1% |
| Other amounts receivable | 41 | €64,000 | €44,928 | -€19,072 | -29.8% |
| Cash at bank and in hand | 54/58 | €77,094 | €38,322 | -€38,772 | -50.3% |
| Total equity and liabilities | 10/49 | €291,364 | €225,157 | -€66,207 | -22.7% |
| Equity | 10/15 | €153,461 | €157,711 | +€4,250 | +2.8% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €13,634 | €13,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Legal reserve | 130 | €13,634 | €13,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,485 | €7,735 | +€4,250 | +122.0% |
| Amounts payable | 17/49 | €137,904 | €67,446 | -€70,457 | -51.1% |
| Amounts payable within one year | 42/48 | €137,682 | €67,099 | -€70,584 | -51.3% |
| Trade debts | 44 | €105,216 | €65,897 | -€39,319 | -37.4% |
| Suppliers | 440/4 | €105,216 | €65,897 | -€39,319 | -37.4% |
| Taxes, remuneration and social security | 45 | €2,467 | €1,202 | -€1,265 | -51.3% |
| Taxes | 450/3 | €2,467 | €1,202 | -€1,265 | -51.3% |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Accrued charges and deferred income | 492/3 | €221 | €348 | +€127 | +57.2% |
| Remuneration, social security and pensions | 62 | €64,622 | €66 | -€64,556 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411 | €343 | -€69 | -16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,308 | -€3,425 | -€1,117 | -48.4% |
| Other operating charges | 640/8 | €1,174 | €808 | -€367 | -31.2% |
| Gross operating margin | 9900 | €61,175 | €2,941 | -€58,234 | -95.2% |
| Operating profit (loss) | 9901 | -€2,724 | €5,150 | +€7,875 | |
| Financial income | 75/76B | €134 | €1,032 | +€897 | +668.3% |
| Recurring financial income | 75 | €134 | €1,032 | +€897 | +668.3% |
| Financial charges | 65/66B | €1,589 | €1,932 | +€342 | +21.5% |
| Recurring financial charges | 65 | €1,589 | €1,932 | +€342 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,179 | €4,250 | +€8,429 | |
| Profit (loss) for the period | 9904 | -€4,179 | €4,250 | +€8,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,179 | €4,250 | +€8,429 |
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.