iFirma: 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.
iFirma
Largest movements
- Current investments +€301,744
new in 2025: €301,744
- Receivables within one year +€259,416
up €259,416 (+72.5%), from €357,966 to €617,382
of which Trade receivables: +€226,518
- Cash -€141,690
down €141,690 (-22.2%), from €639,192 to €497,501
mainly Current investments (-€301,744) and Receivables within one year (-€259,416)
- Intangible fixed assets +€100,935
up €100,935 (+71.7%), from €140,847 to €241,782
- Tangible fixed assets -€60,732
down €60,732 (-36.0%), from €168,770 to €108,038
of which Furniture and vehicles: -€55,982
- Profit (loss) carried forward +€210,461
up €210,461, from -€105,322 to €105,139
- Other debts +€129,743
up €129,743 (+635%), from €20,420 to €150,164
- Current portion of long-term debt +€94,357
up €94,357 (+53.4%), from €176,802 to €271,159
- Tax, wage and social debts +€53,935
up €53,935 (+21.5%), from €250,353 to €304,287
of which Remuneration and social security: +€49,404
- Debts after one year -€46,971
down €46,971 (-58.7%), from €80,021 to €33,050
- Gross operating margin +€651,209
up €651,209 (+37.5%), from €1.7m to €2.4m
- Taxes +€96,154
up €96,154 (+1,527%), from €6,299 to €102,453
- Staff costs +€47,132
up €47,132 (+2.8%), from €1.7m to €1.7m
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 | €1,414,310 | €1,883,793 | +€469,483 | +33.2% |
| Fixed assets | 21/28 | €344,487 | €384,691 | +€40,204 | +11.7% |
| Intangible fixed assets | 21 | €140,847 | €241,782 | +€100,935 | +71.7% |
| Tangible fixed assets | 22/27 | €168,770 | €108,038 | -€60,732 | -36.0% |
| Plant, machinery and equipment | 23 | €9,334 | €5,248 | -€4,086 | -43.8% |
| Furniture and vehicles | 24 | €156,851 | €100,870 | -€55,982 | -35.7% |
| Other tangible fixed assets | 26 | €2,584 | €1,920 | -€664 | -25.7% |
| Financial fixed assets | 28 | €34,870 | €34,870 | = | 0.0% |
| Current assets | 29/58 | €1,069,823 | €1,499,102 | +€429,280 | +40.1% |
| Amounts receivable within one year | 40/41 | €357,966 | €617,382 | +€259,416 | +72.5% |
| Trade receivables | 40 | €325,597 | €552,114 | +€226,518 | +69.6% |
| Other amounts receivable | 41 | €32,370 | €65,268 | +€32,898 | +102% |
| Current investments | 50/53 | - | €301,744 | +€301,744 | |
| Cash at bank and in hand | 54/58 | €639,192 | €497,501 | -€141,690 | -22.2% |
| Deferred charges and accrued income | 490/1 | €72,665 | €82,476 | +€9,810 | +13.5% |
| Total equity and liabilities | 10/49 | €1,414,310 | €1,883,793 | +€469,483 | +33.2% |
| Equity | 10/15 | €565,138 | €775,599 | +€210,461 | +37.2% |
| Contributions | 10/11 | €668,600 | €668,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,322 | €105,139 | +€210,461 | |
| Amounts payable | 17/49 | €849,172 | €1,108,194 | +€259,023 | +30.5% |
| Amounts payable after more than one year | 17 | €80,021 | €33,050 | -€46,971 | -58.7% |
| Financial debts | 170/4 | €80,021 | €33,050 | -€46,971 | -58.7% |
| Amounts payable within one year | 42/48 | €769,151 | €1,075,144 | +€305,994 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €176,802 | €271,159 | +€94,357 | +53.4% |
| Trade debts | 44 | €321,576 | €349,535 | +€27,959 | +8.7% |
| Suppliers | 440/4 | €321,576 | €349,535 | +€27,959 | +8.7% |
| Taxes, remuneration and social security | 45 | €250,353 | €304,287 | +€53,935 | +21.5% |
| Taxes | 450/3 | €82,053 | €86,584 | +€4,530 | +5.5% |
| Remuneration and social security | 454/9 | €168,299 | €217,704 | +€49,404 | +29.4% |
| Other amounts payable | 47/48 | €20,420 | €150,164 | +€129,743 | +635% |
| Non-recurring operating income | 76A | - | €15,792 | +€15,792 | |
| Remuneration, social security and pensions | 62 | €1,701,292 | €1,748,424 | +€47,132 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,643 | €133,032 | +€12,389 | +10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,974 | €10,069 | +€3,095 | +44.4% |
| Other operating charges | 640/8 | €1,469 | €3,255 | +€1,786 | +122% |
| Gross operating margin | 9900 | €1,735,874 | €2,387,083 | +€651,209 | +37.5% |
| Operating profit (loss) | 9901 | -€94,504 | €492,304 | +€586,807 | |
| Financial income | 75/76B | €38,985 | €32,057 | -€6,928 | -17.8% |
| Recurring financial income | 75 | €38,985 | €32,057 | -€6,928 | -17.8% |
| Financial charges | 65/66B | €44,531 | €61,447 | +€16,916 | +38.0% |
| Recurring financial charges | 65 | €44,531 | €61,447 | +€16,916 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | -€100,049 | €462,914 | +€562,963 | |
| Income taxes | 67/77 | €6,299 | €102,453 | +€96,154 | +1,527% |
| Profit (loss) for the period | 9904 | -€106,348 | €360,461 | +€466,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€106,348 | €360,461 | +€466,809 |
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 13 October 2026 via checked.be.