IFS International: what changed
IFS International
Largest movements
- Tangible fixed assets +€10,295
new in 2025: €10,295
of which Furniture and vehicles: +€9,293
- Receivables within one year -€5,483
down €5,483 (-11.4%), from €47,979 to €42,496
of which Trade receivables: -€6,631
- Deferred charges and accrued income +€3,589
up €3,589 (+144%), from €2,498 to €6,086
- Cash +€2,258
up €2,258 (+4.0%), from €56,645 to €58,903
mainly Net result for the year (+€29,347) and Receivables within one year (+€5,483)
- Reserves +€97,541
up €97,541 (+5,258%), from €1,855 to €99,396
of which Distributable reserves: +€97,541
- Profit (loss) carried forward -€68,194
down €68,194 (-100%), from €68,194 to €0
- Accrued charges and deferred income -€14,750
down €14,750 (-100%), from €14,750 to €0
- Tax, wage and social debts -€7,243
down €7,243 (-20.2%), from €35,781 to €28,538
of which Remuneration and social security: -€5,286
- Trade debts +€3,687
up €3,687 (+66.4%), from €5,555 to €9,242
- Gross operating margin +€17,994
up €17,994 (+60.4%), from €29,789 to €47,783
- Taxes +€4,077
up €4,077 (+46.6%), from €8,756 to €12,833
- Financial charges +€1,827
up €1,827 (+129%), from €1,411 to €3,238
- Depreciation +€1,803
up €1,803, from €0 to €1,803
- Other operating charges -€1,645
down €1,645 (-42.0%), from €3,918 to €2,273
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,333 | €143,373 | +€11,040 | +8.3% |
| Fixed assets | 21/28 | - | €10,295 | +€10,295 | |
| Tangible fixed assets | 22/27 | - | €10,295 | +€10,295 | |
| Plant, machinery and equipment | 23 | - | €1,003 | +€1,003 | |
| Furniture and vehicles | 24 | - | €9,293 | +€9,293 | |
| Current assets | 29/58 | €132,333 | €133,078 | +€745 | +0.6% |
| Stocks and contracts in progress | 3 | €25,212 | €25,593 | +€381 | +1.5% |
| Stocks | 30/36 | €25,212 | €25,593 | +€381 | +1.5% |
| Amounts receivable within one year | 40/41 | €47,979 | €42,496 | -€5,483 | -11.4% |
| Trade receivables | 40 | €18,863 | €12,232 | -€6,631 | -35.2% |
| Other amounts receivable | 41 | €29,116 | €30,264 | +€1,149 | +3.9% |
| Cash at bank and in hand | 54/58 | €56,645 | €58,903 | +€2,258 | +4.0% |
| Deferred charges and accrued income | 490/1 | €2,498 | €6,086 | +€3,589 | +144% |
| Total equity and liabilities | 10/49 | €132,333 | €143,373 | +€11,040 | +8.3% |
| Equity | 10/15 | €76,246 | €105,593 | +€29,347 | +38.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,855 | €99,396 | +€97,541 | +5,258% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | - | €97,541 | +€97,541 | |
| Profit (loss) carried forward | 14 | €68,194 | €0 | -€68,194 | -100% |
| Amounts payable | 17/49 | €56,087 | €37,780 | -€18,306 | -32.6% |
| Amounts payable within one year | 42/48 | €41,337 | €37,780 | -€3,556 | -8.6% |
| Trade debts | 44 | €5,555 | €9,242 | +€3,687 | +66.4% |
| Suppliers | 440/4 | €5,555 | €9,242 | +€3,687 | +66.4% |
| Taxes, remuneration and social security | 45 | €35,781 | €28,538 | -€7,243 | -20.2% |
| Taxes | 450/3 | €30,495 | €28,538 | -€1,957 | -6.4% |
| Remuneration and social security | 454/9 | €5,286 | €0 | -€5,286 | -100% |
| Accrued charges and deferred income | 492/3 | €14,750 | €0 | -€14,750 | -100% |
| Non-recurring operating income | 76A | - | €5,286 | +€5,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,803 | +€1,803 | |
| Other operating charges | 640/8 | €3,918 | €2,273 | -€1,645 | -42.0% |
| Gross operating margin | 9900 | €29,789 | €47,783 | +€17,994 | +60.4% |
| Operating profit (loss) | 9901 | €25,871 | €43,707 | +€17,836 | +68.9% |
| Financial income | 75/76B | €1,189 | €1,711 | +€522 | +43.9% |
| Recurring financial income | 75 | €1,189 | €1,711 | +€522 | +43.9% |
| Financial charges | 65/66B | €1,411 | €3,238 | +€1,827 | +129% |
| Recurring financial charges | 65 | €1,411 | €3,238 | +€1,827 | +129% |
| Profit (loss) for the period before taxes | 9903 | €25,649 | €42,180 | +€16,531 | +64.5% |
| Income taxes | 67/77 | €8,756 | €12,833 | +€4,077 | +46.6% |
| Profit (loss) for the period | 9904 | €16,893 | €29,347 | +€12,454 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,893 | €29,347 | +€12,454 | +73.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.