IFE: 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.
IFE
Largest movements
- Cash +€79,311
up €79,311 (+487.2%), from €16,278 to €95,589
mainly Short-term financial debts (+€45,000) and Trade debts (+€39,364)
- Tangible fixed assets +€34,958
up €34,958 (+389.0%), from €8,986 to €43,944
of which Leasing and similar rights: +€36,799
- Stocks and contracts -€34,368
down €34,368 (-80.9%), from €42,478 to €8,110
- Receivables within one year +€19,067
up €19,067 (+18.1%), from €105,142 to €124,209
of which Trade receivables: +€19,189
- Deferred charges and accrued income +€12,336
up €12,336 (+1850.4%), from €667 to €13,003
- Short-term financial debts +€45,000
up €45,000 (+56.3%), from €80,000 to €125,000
- Trade debts +€39,364
up €39,364 (+1919.3%), from €2,051 to €41,415
- Debts after one year +€27,185
new in 2025: €27,185
- Advances received -€9,280
no longer reported in 2025 (was €9,280)
- Current portion of long-term debt +€6,520
new in 2025: €6,520
- Gross operating margin +€21,225
up €21,225 (+132.3%), from €16,046 to €37,271
- Depreciation +€5,462
up €5,462 (+257.0%), from €2,125 to €7,587
- Financial charges +€3,702
up €3,702 (+51.9%), from €7,131 to €10,833
of which Financial charges: +€3,970
- Taxes +€1,511
up €1,511 (+60.9%), from €2,481 to €3,992
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 | €173,550 | €284,854 | +€111,304 | +64.1% |
| Fixed assets | 21/28 | €8,986 | €43,944 | +€34,958 | +389.0% |
| Tangible fixed assets | 22/27 | €8,986 | €43,944 | +€34,958 | +389.0% |
| Plant, machinery and equipment | 23 | - | €912 | +€912 | |
| Furniture and vehicles | 24 | €8,986 | €6,233 | -€2,753 | -30.6% |
| Leasing and similar rights | 25 | - | €36,799 | +€36,799 | |
| Current assets | 29/58 | €164,564 | €240,911 | +€76,346 | +46.4% |
| Stocks and contracts in progress | 3 | €42,478 | €8,110 | -€34,368 | -80.9% |
| Stocks | 30/36 | €42,478 | €8,110 | -€34,368 | -80.9% |
| Amounts receivable within one year | 40/41 | €105,142 | €124,209 | +€19,067 | +18.1% |
| Trade receivables | 40 | €71,953 | €91,142 | +€19,189 | +26.7% |
| Other amounts receivable | 41 | €33,189 | €33,067 | -€122 | -0.4% |
| Cash at bank and in hand | 54/58 | €16,278 | €95,589 | +€79,311 | +487.2% |
| Deferred charges and accrued income | 490/1 | €667 | €13,003 | +€12,336 | +1850.4% |
| Total equity and liabilities | 10/49 | €173,550 | €284,854 | +€111,304 | +64.1% |
| Equity | 10/15 | €34,256 | €40,513 | +€6,256 | +18.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,825 | €28,080 | +€6,255 | +28.7% |
| Distributable reserves | 133 | €21,825 | €28,080 | +€6,255 | +28.7% |
| Profit (loss) carried forward | 14 | €31 | €33 | +€1 | +4.7% |
| Amounts payable | 17/49 | €139,294 | €244,341 | +€105,048 | +75.4% |
| Amounts payable after more than one year | 17 | - | €27,185 | +€27,185 | |
| Financial debts | 170/4 | - | €27,185 | +€27,185 | |
| Amounts payable within one year | 42/48 | €136,909 | €214,561 | +€77,652 | +56.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,520 | +€6,520 | |
| Financial debts | 43 | €80,000 | €125,000 | +€45,000 | +56.3% |
| Credit institutions | 430/8 | €80,000 | €125,000 | +€45,000 | +56.3% |
| Trade debts | 44 | €2,051 | €41,415 | +€39,364 | +1919.3% |
| Suppliers | 440/4 | €2,051 | €41,415 | +€39,364 | +1919.3% |
| Advances received on contracts in progress | 46 | €9,280 | - | -€9,280 | |
| Taxes, remuneration and social security | 45 | €6,287 | €3,743 | -€2,544 | -40.5% |
| Taxes | 450/3 | €6,287 | €3,743 | -€2,544 | -40.5% |
| Other amounts payable | 47/48 | €39,291 | €37,883 | -€1,409 | -3.6% |
| Accrued charges and deferred income | 492/3 | €2,385 | €2,596 | +€211 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,125 | €7,587 | +€5,462 | +257.0% |
| Other operating charges | 640/8 | €184 | €423 | +€239 | +130.0% |
| Non-recurring operating charges | 66A | - | €4,430 | +€4,430 | |
| Gross operating margin | 9900 | €16,046 | €37,271 | +€21,225 | +132.3% |
| Operating profit (loss) | 9901 | €13,737 | €24,831 | +€11,094 | +80.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,131 | €10,833 | +€3,702 | +51.9% |
| Recurring financial charges | 65 | €6,864 | €10,833 | +€3,970 | +57.8% |
| Non-recurring financial charges | 66B | €267 | - | -€267 | |
| Profit (loss) for the period before taxes | 9903 | €6,606 | €13,998 | +€7,392 | +111.9% |
| Income taxes | 67/77 | €2,481 | €3,992 | +€1,511 | +60.9% |
| Profit (loss) for the period | 9904 | €4,125 | €10,006 | +€5,881 | +142.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,125 | €10,006 | +€5,881 | +142.6% |
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 6 October 2026 via checked.be.