If and Co: 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.
If and Co
Largest movements
- Deferred charges and accrued income +€5,817
up €5,817 (+1,614%), from €360 to €6,177
- Receivables within one year -€3,520
down €3,520 (-18.5%), from €19,049 to €15,529
of which Trade receivables: -€2,182
- Cash +€1,113
up €1,113 (+45.4%), from €2,454 to €3,567
mainly Other debts (+€15,814) and Net result for the year (+€9,376)
- Tangible fixed assets -€777
no longer reported in 2025 (was €777)
- Other debts +€15,814
up €15,814 (+406%), from €3,898 to €19,712
- Reserves -€6,824
down €6,824 (-33.5%), from €20,359 to €13,535
- Trade debts -€3,006
down €3,006 (-24.5%), from €12,277 to €9,271
- Short-term financial debts -€2,623
no longer reported in 2025 (was €2,623)
- Tax, wage and social debts -€2,073
down €2,073 (-52.3%), from €3,963 to €1,890
of which Taxes: -€2,195
- Gross operating margin +€34,592
up €34,592, from -€19,690 to €14,902
- Taxes +€5,369
up €5,369, from -€2,047 to €3,323
- Financial charges -€730
down €730 (-38.9%), from €1,880 to €1,149
of which Financial charges: -€413
- Financial income +€711
up €711 (+1,422,740%), from €0 to €711
of which Non-recurring financial income: +€711
- Depreciation -€641
down €641 (-45.2%), from €1,418 to €777
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 | €34,319 | €36,950 | +€2,632 | +7.7% |
| Fixed assets | 21/28 | €777 | - | -€777 | |
| Tangible fixed assets | 22/27 | €777 | - | -€777 | |
| Furniture and vehicles | 24 | €777 | - | -€777 | |
| Current assets | 29/58 | €33,542 | €36,950 | +€3,409 | +10.2% |
| Stocks and contracts in progress | 3 | €11,678 | €11,677 | -€1 | 0.0% |
| Stocks | 30/36 | €11,678 | €11,677 | -€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €19,049 | €15,529 | -€3,520 | -18.5% |
| Trade receivables | 40 | €11,635 | €9,453 | -€2,182 | -18.8% |
| Other amounts receivable | 41 | €7,414 | €6,076 | -€1,338 | -18.1% |
| Cash at bank and in hand | 54/58 | €2,454 | €3,567 | +€1,113 | +45.4% |
| Deferred charges and accrued income | 490/1 | €360 | €6,177 | +€5,817 | +1,614% |
| Total equity and liabilities | 10/49 | €34,319 | €36,950 | +€2,632 | +7.7% |
| Equity | 10/15 | €4,121 | -€2,703 | -€6,824 | |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €20,359 | €13,535 | -€6,824 | -33.5% |
| Distributable reserves | 133 | €20,359 | €13,535 | -€6,824 | -33.5% |
| Profit (loss) carried forward | 14 | -€32,438 | -€32,438 | = | 0.0% |
| Amounts payable | 17/49 | €30,197 | €39,653 | +€9,456 | +31.3% |
| Amounts payable within one year | 42/48 | €22,761 | €30,873 | +€8,112 | +35.6% |
| Financial debts | 43 | €2,623 | - | -€2,623 | |
| Credit institutions | 430/8 | €2,623 | - | -€2,623 | |
| Trade debts | 44 | €12,277 | €9,271 | -€3,006 | -24.5% |
| Suppliers | 440/4 | €12,277 | €9,271 | -€3,006 | -24.5% |
| Taxes, remuneration and social security | 45 | €3,963 | €1,890 | -€2,073 | -52.3% |
| Taxes | 450/3 | €2,249 | €54 | -€2,195 | -97.6% |
| Remuneration and social security | 454/9 | €1,714 | €1,836 | +€122 | +7.1% |
| Other amounts payable | 47/48 | €3,898 | €19,712 | +€15,814 | +406% |
| Accrued charges and deferred income | 492/3 | €7,436 | €8,781 | +€1,344 | +18.1% |
| Non-recurring operating income | 76A | €10 | - | -€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,418 | €777 | -€641 | -45.2% |
| Other operating charges | 640/8 | €868 | €989 | +€120 | +13.9% |
| Gross operating margin | 9900 | -€19,690 | €14,902 | +€34,592 | |
| Operating profit (loss) | 9901 | -€21,976 | €13,136 | +€35,112 | |
| Financial income | 75/76B | €0 | €711 | +€711 | +1,422,740% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +960% |
| Non-recurring financial income | 76B | - | €711 | +€711 | |
| Financial charges | 65/66B | €1,880 | €1,149 | -€730 | -38.9% |
| Recurring financial charges | 65 | €1,562 | €1,149 | -€413 | -26.4% |
| Non-recurring financial charges | 66B | €317 | - | -€317 | |
| Profit (loss) for the period before taxes | 9903 | -€23,856 | €12,698 | +€36,554 | |
| Income taxes | 67/77 | -€2,047 | €3,323 | +€5,369 | |
| Profit (loss) for the period | 9904 | -€21,809 | €9,376 | +€31,185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,809 | €9,376 | +€31,185 |
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 15 October 2026 via checked.be.