iFinco: 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.
iFinco
Largest movements
- Tangible fixed assets -€189,450
down €189,450 (-18.3%), from €1.0m to €843,082
of which Furniture and vehicles: -€132,151
- Receivables within one year +€69,565
up €69,565 (+11.8%), from €590,830 to €660,395
of which Other amounts receivable: +€118,863
- Profit (loss) carried forward -€159,077
down €159,077, from €307 to -€158,769
- Other debts +€120,162
new in 2024: €120,162
- Trade debts -€111,069
down €111,069 (-32.1%), from €345,501 to €234,433
- Short-term financial debts +€48,226
up €48,226 (+190%), from €25,420 to €73,646
of which Other loans: +€25,000
- Tax, wage and social debts -€40,195
down €40,195 (-39.8%), from €101,036 to €60,841
of which Remuneration and social security: -€51,175
- Gross operating margin -€516,359
down €516,359 (-96.9%), from €532,834 to €16,475
- Staff costs -€261,149
down €261,149 (-100%), from €261,149 to €0
- Taxes -€58,124
down €58,124 (-99.6%), from €58,331 to €207
- Depreciation -€15,998
down €15,998 (-12.6%), from €127,300 to €111,302
- Financial charges +€13,305
up €13,305 (+59.3%), from €22,426 to €35,731
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.
Derived cash bridge
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 | €1,625,342 | €1,503,781 | -€121,561 | -7.5% |
| Fixed assets | 21/28 | €1,032,731 | €843,282 | -€189,450 | -18.3% |
| Tangible fixed assets | 22/27 | €1,032,531 | €843,082 | -€189,450 | -18.3% |
| Land and buildings | 22 | €379,534 | €358,294 | -€21,240 | -5.6% |
| Plant, machinery and equipment | 23 | €13,533 | €9,570 | -€3,963 | -29.3% |
| Furniture and vehicles | 24 | €241,619 | €109,468 | -€132,151 | -54.7% |
| Other tangible fixed assets | 26 | €397,845 | €365,749 | -€32,096 | -8.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €592,611 | €660,500 | +€67,889 | +11.5% |
| Amounts receivable within one year | 40/41 | €590,830 | €660,395 | +€69,565 | +11.8% |
| Trade receivables | 40 | €287,095 | €237,796 | -€49,299 | -17.2% |
| Other amounts receivable | 41 | €303,735 | €422,598 | +€118,863 | +39.1% |
| Cash at bank and in hand | 54/58 | €160 | €105 | -€55 | -34.4% |
| Deferred charges and accrued income | 490/1 | €1,621 | €0 | -€1,621 | -100% |
| Total equity and liabilities | 10/49 | €1,625,342 | €1,503,781 | -€121,561 | -7.5% |
| Equity | 10/15 | €430,860 | €271,760 | -€159,100 | -36.9% |
| Contributions | 10/11 | €20,000 | €19,999 | -€1 | 0.0% |
| Reserves | 13 | €410,553 | €410,531 | -€23 | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €410,553 | €410,531 | -€23 | 0.0% |
| Profit (loss) carried forward | 14 | €307 | -€158,769 | -€159,077 | |
| Amounts payable | 17/49 | €1,194,481 | €1,232,021 | +€37,540 | +3.1% |
| Amounts payable after more than one year | 17 | €600,557 | €629,413 | +€28,855 | +4.8% |
| Financial debts | 170/4 | €600,557 | €629,413 | +€28,855 | +4.8% |
| Amounts payable within one year | 42/48 | €591,924 | €602,609 | +€10,684 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €119,967 | €113,526 | -€6,441 | -5.4% |
| Financial debts | 43 | €25,420 | €73,646 | +€48,226 | +190% |
| Credit institutions | 430/8 | €25,420 | €48,646 | +€23,226 | +91.4% |
| Other loans | 439 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €345,501 | €234,433 | -€111,069 | -32.1% |
| Suppliers | 440/4 | €345,501 | €234,433 | -€111,069 | -32.1% |
| Taxes, remuneration and social security | 45 | €101,036 | €60,841 | -€40,195 | -39.8% |
| Taxes | 450/3 | €49,861 | €60,841 | +€10,980 | +22.0% |
| Remuneration and social security | 454/9 | €51,175 | €0 | -€51,175 | -100% |
| Other amounts payable | 47/48 | - | €120,162 | +€120,162 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100% |
| Non-recurring operating income | 76A | €906 | €0 | -€906 | -100% |
| Remuneration, social security and pensions | 62 | €261,149 | €0 | -€261,149 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,300 | €111,302 | -€15,998 | -12.6% |
| Other operating charges | 640/8 | €8,161 | €8,418 | +€257 | +3.2% |
| Non-recurring operating charges | 66A | €13,377 | €27,156 | +€13,779 | +103% |
| Gross operating margin | 9900 | €532,834 | €16,475 | -€516,359 | -96.9% |
| Operating profit (loss) | 9901 | €122,847 | -€130,401 | -€253,248 | |
| Financial income | 75/76B | €4,360 | €7,262 | +€2,902 | +66.5% |
| Recurring financial income | 75 | €4,360 | €7,262 | +€2,902 | +66.5% |
| Financial charges | 65/66B | €22,426 | €35,731 | +€13,305 | +59.3% |
| Recurring financial charges | 65 | €22,426 | €35,731 | +€13,305 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €104,781 | -€158,870 | -€263,651 | |
| Income taxes | 67/77 | €58,331 | €207 | -€58,124 | -99.6% |
| Profit (loss) for the period | 9904 | €46,451 | -€159,076 | -€205,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,451 | -€159,076 | -€205,527 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.