IF Holding: 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 Holding
Largest movements
- Financial fixed assets +€40,000
up €40,000 (+5.0%), from €800,000 to €840,000
- Profit (loss) carried forward +€144,944
up €144,944, from -€111,703 to €33,241
- Debts after one year -€118,755
down €118,755 (-20.6%), from €576,804 to €458,049
of which Financial debts: -€80,425
- Tax, wage and social debts +€16,940
new in 2025: €16,940
- Taxes +€16,940
new in 2025: €16,940
- Financial charges +€7,165
up €7,165 (+43.7%), from €16,394 to €23,559
- Gross operating margin -€3,300
down €3,300 (-1.7%), from €190,483 to €187,184
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 | €800,580 | €848,732 | +€48,152 | +6.0% |
| Fixed assets | 21/28 | €800,000 | €840,000 | +€40,000 | +5.0% |
| Financial fixed assets | 28 | €800,000 | €840,000 | +€40,000 | +5.0% |
| Current assets | 29/58 | €580 | €8,732 | +€8,152 | +1,405% |
| Amounts receivable within one year | 40/41 | €283 | - | -€283 | |
| Other amounts receivable | 41 | €283 | - | -€283 | |
| Cash at bank and in hand | 54/58 | €297 | €8,732 | +€8,435 | +2,836% |
| Total equity and liabilities | 10/49 | €800,580 | €848,732 | +€48,152 | +6.0% |
| Equity | 10/15 | €138,297 | €284,990 | +€146,694 | +106% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | - | €1,750 | +€1,750 | |
| Non-distributable reserves | 130/1 | - | €1,750 | +€1,750 | |
| Legal reserve | 130 | - | €1,750 | +€1,750 | |
| Profit (loss) carried forward | 14 | -€111,703 | €33,241 | +€144,944 | |
| Amounts payable | 17/49 | €662,284 | €563,742 | -€98,542 | -14.9% |
| Amounts payable after more than one year | 17 | €576,804 | €458,049 | -€118,755 | -20.6% |
| Financial debts | 170/4 | €479,438 | €399,013 | -€80,425 | -16.8% |
| Other amounts payable | 178/9 | €97,366 | €59,036 | -€38,330 | -39.4% |
| Amounts payable within one year | 42/48 | €77,143 | €97,365 | +€20,222 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €77,084 | €80,425 | +€3,341 | +4.3% |
| Trade debts | 44 | €59 | - | -€59 | |
| Suppliers | 440/4 | €59 | - | -€59 | |
| Taxes, remuneration and social security | 45 | - | €16,940 | +€16,940 | |
| Taxes | 450/3 | - | €16,940 | +€16,940 | |
| Accrued charges and deferred income | 492/3 | €8,337 | €8,328 | -€9 | -0.1% |
| Other operating charges | 640/8 | €968 | €400 | -€568 | -58.7% |
| Gross operating margin | 9900 | €190,483 | €187,184 | -€3,300 | -1.7% |
| Operating profit (loss) | 9901 | €189,516 | €186,784 | -€2,732 | -1.4% |
| Financial income | 75/76B | €41 | €409 | +€368 | +898% |
| Recurring financial income | 75 | €41 | €409 | +€368 | +898% |
| Financial charges | 65/66B | €16,394 | €23,559 | +€7,165 | +43.7% |
| Recurring financial charges | 65 | €16,394 | €23,559 | +€7,165 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €173,163 | €163,634 | -€9,528 | -5.5% |
| Income taxes | 67/77 | - | €16,940 | +€16,940 | |
| Profit (loss) for the period | 9904 | €173,163 | €146,694 | -€26,469 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €173,163 | €146,694 | -€26,469 | -15.3% |
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 16 October 2026 via checked.be.