IFFARNI: 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.
IFFARNI
Largest movements
- Receivables within one year -€12,570
down €12,570 (-23.5%), from €53,561 to €40,992
of which Trade receivables: -€14,840
- Cash +€4,794
up €4,794 (+465%), from €1,031 to €5,824
mainly Receivables within one year (+€12,570) and Net result for the year (+€3,658)
- Tangible fixed assets -€2,500
down €2,500 (-42.9%), from €5,830 to €3,330
- Trade debts -€10,430
down €10,430 (-73.1%), from €14,276 to €3,846
- Tax, wage and social debts -€5,208
down €5,208 (-18.4%), from €28,250 to €23,041
of which Remuneration and social security: -€8,603
- Profit (loss) carried forward +€3,658
up €3,658 (+28.9%), from -€12,676 to -€9,018
- Other debts +€1,135
up €1,135 (+4.4%), from €26,056 to €27,191
- Staff costs +€40,784
new in 2025: €40,784
- Other operating charges -€1,270
down €1,270 (-73.9%), from €1,720 to €450
- Depreciation -€1,139
down €1,139 (-31.3%), from €3,639 to €2,500
- Gross operating margin +€1,054
up €1,054 (+2.2%), from €47,325 to €48,379
- Taxes +€794
new in 2025: €794
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 | €73,963 | €63,117 | -€10,846 | -14.7% |
| Fixed assets | 21/28 | €6,010 | €3,510 | -€2,500 | -41.6% |
| Tangible fixed assets | 22/27 | €5,830 | €3,330 | -€2,500 | -42.9% |
| Furniture and vehicles | 24 | €5,830 | €3,330 | -€2,500 | -42.9% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €67,953 | €59,608 | -€8,345 | -12.3% |
| Stocks and contracts in progress | 3 | €13,361 | €12,792 | -€569 | -4.3% |
| Stocks | 30/36 | €13,361 | €12,792 | -€569 | -4.3% |
| Amounts receivable within one year | 40/41 | €53,561 | €40,992 | -€12,570 | -23.5% |
| Trade receivables | 40 | €14,840 | - | -€14,840 | |
| Other amounts receivable | 41 | €38,721 | €40,992 | +€2,270 | +5.9% |
| Cash at bank and in hand | 54/58 | €1,031 | €5,824 | +€4,794 | +465% |
| Total equity and liabilities | 10/49 | €73,963 | €63,117 | -€10,846 | -14.7% |
| Equity | 10/15 | €5,381 | €9,039 | +€3,658 | +68.0% |
| Contributions | 10/11 | €16,197 | €16,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,676 | -€9,018 | +€3,658 | +28.9% |
| Amounts payable | 17/49 | €68,582 | €54,078 | -€14,504 | -21.1% |
| Amounts payable within one year | 42/48 | €68,582 | €54,078 | -€14,504 | -21.1% |
| Trade debts | 44 | €14,276 | €3,846 | -€10,430 | -73.1% |
| Suppliers | 440/4 | €14,276 | €3,846 | -€10,430 | -73.1% |
| Taxes, remuneration and social security | 45 | €28,250 | €23,041 | -€5,208 | -18.4% |
| Taxes | 450/3 | €14,550 | €17,944 | +€3,395 | +23.3% |
| Remuneration and social security | 454/9 | €13,700 | €5,097 | -€8,603 | -62.8% |
| Other amounts payable | 47/48 | €26,056 | €27,191 | +€1,135 | +4.4% |
| Remuneration, social security and pensions | 62 | - | €40,784 | +€40,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,639 | €2,500 | -€1,139 | -31.3% |
| Other operating charges | 640/8 | €1,720 | €450 | -€1,270 | -73.9% |
| Gross operating margin | 9900 | €47,325 | €48,379 | +€1,054 | +2.2% |
| Operating profit (loss) | 9901 | €41,966 | €4,646 | -€37,320 | -88.9% |
| Financial charges | 65/66B | €231 | €194 | -€37 | -16.1% |
| Recurring financial charges | 65 | €231 | €194 | -€37 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €41,735 | €4,452 | -€37,283 | -89.3% |
| Income taxes | 67/77 | - | €794 | +€794 | |
| Profit (loss) for the period | 9904 | €41,735 | €3,658 | -€38,077 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,735 | €3,658 | -€38,077 | -91.2% |
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 26 October 2026 via checked.be.