IFAST: 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.
IFAST
Largest movements
- Intangible fixed assets -€160,641
down €160,641 (-33.9%), from €474,243 to €313,602
- Cash +€66,702
up €66,702 (+93.9%), from €71,060 to €137,762
mainly Depreciation (+€160,641)
- Current portion of long-term debt -€51,500
no longer reported in 2024 (was €51,500)
- Profit (loss) carried forward -€41,637
down €41,637 (-2.0%), from -€2.1m to -€2.2m
- Depreciation -€29,237
down €29,237 (-15.4%), from €189,878 to €160,641
- Gross operating margin +€18,973
up €18,973 (+18.9%), from €100,470 to €119,443
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €694,960 | €601,191 | -€93,769 | -13.5% |
| Fixed assets | 21/28 | €474,243 | €313,602 | -€160,641 | -33.9% |
| Intangible fixed assets | 21 | €474,243 | €313,602 | -€160,641 | -33.9% |
| Current assets | 29/58 | €220,717 | €287,589 | +€66,872 | +30.3% |
| Amounts receivable within one year | 40/41 | €147,975 | €148,141 | +€167 | +0.1% |
| Trade receivables | 40 | €133,749 | €133,883 | +€134 | +0.1% |
| Other amounts receivable | 41 | €14,226 | €14,258 | +€33 | +0.2% |
| Cash at bank and in hand | 54/58 | €71,060 | €137,762 | +€66,702 | +93.9% |
| Deferred charges and accrued income | 490/1 | €1,682 | €1,686 | +€4 | +0.2% |
| Total equity and liabilities | 10/49 | €694,960 | €601,191 | -€93,769 | -13.5% |
| Equity | 10/15 | €538,594 | €496,957 | -€41,637 | -7.7% |
| Contributions | 10/11 | €2,660,502 | €2,660,502 | = | 0.0% |
| Capital | 10 | €2,660,502 | €2,660,502 | = | 0.0% |
| Issued capital | 100 | €2,690,501 | €2,690,501 | = | 0.0% |
| Uncalled capital | 101 | €29,999 | €29,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,121,908 | -€2,163,545 | -€41,637 | -2.0% |
| Amounts payable | 17/49 | €156,366 | €104,235 | -€52,132 | -33.3% |
| Amounts payable within one year | 42/48 | €156,366 | €104,235 | -€52,132 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €51,500 | - | -€51,500 | |
| Trade debts | 44 | €15,630 | €14,998 | -€632 | -4.0% |
| Suppliers | 440/4 | €15,630 | €14,998 | -€632 | -4.0% |
| Other amounts payable | 47/48 | €89,236 | €89,236 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,878 | €160,641 | -€29,237 | -15.4% |
| Other operating charges | 640/8 | €960 | €387 | -€573 | -59.7% |
| Gross operating margin | 9900 | €100,470 | €119,443 | +€18,973 | +18.9% |
| Operating profit (loss) | 9901 | -€90,368 | -€41,586 | +€48,783 | +54.0% |
| Financial charges | 65/66B | €50 | €51 | +€1 | +2.3% |
| Recurring financial charges | 65 | €50 | €51 | +€1 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€90,419 | -€41,637 | +€48,782 | +54.0% |
| Profit (loss) for the period | 9904 | -€90,419 | -€41,637 | +€48,782 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,419 | -€41,637 | +€48,782 | +54.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.