IHSAN: 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.
IHSAN
Largest movements
- Receivables within one year +€17,285
up €17,285 (+29.6%), from €58,424 to €75,709
of which Trade receivables: +€19,213
- Intangible fixed assets -€16,735
down €16,735 (-78.1%), from €21,440 to €4,705
- Receivables after one year +€11,080
new in 2024: €11,080
- Cash -€1,040
down €1,040 (-21.7%), from €4,792 to €3,752
mainly Receivables within one year (-€17,285) and Receivables after one year (-€11,080)
- Other debts +€15,658
up €15,658 (+28.9%), from €54,169 to €69,826
- Trade debts -€7,551
down €7,551 (-61.5%), from €12,271 to €4,719
- Tax, wage and social debts +€6,416
up €6,416 (+126.5%), from €5,072 to €11,488
of which Taxes: +€5,261
- Profit (loss) carried forward -€1,965
down €1,965 (-235.9%), from -€833 to -€2,798
- Accrued charges and deferred income -€1,591
down €1,591 (-60.2%), from €2,642 to €1,052
- Gross operating margin -€16,672
down €16,672 (-55.5%), from €30,036 to €13,364
- Staff costs -€9,204
down €9,204 (-41.2%), from €22,343 to €13,139
- Financial income +€1,586
new in 2024: €1,586
- Other operating charges -€1,390
down €1,390 (-69.0%), from €2,013 to €623
- Depreciation -€515
down €515 (-17.1%), from €3,015 to €2,500
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.
Cash bridge derived
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 | €88,320 | €99,287 | +€10,967 | +12.4% |
| Fixed assets | 21/28 | €24,350 | €7,615 | -€16,735 | -68.7% |
| Intangible fixed assets | 21 | €21,440 | €4,705 | -€16,735 | -78.1% |
| Financial fixed assets | 28 | €2,910 | €2,910 | = | 0.0% |
| Current assets | 29/58 | €63,970 | €91,672 | +€27,702 | +43.3% |
| Amounts receivable after more than one year | 29 | - | €11,080 | +€11,080 | |
| Other amounts receivable | 291 | - | €11,080 | +€11,080 | |
| Amounts receivable within one year | 40/41 | €58,424 | €75,709 | +€17,285 | +29.6% |
| Trade receivables | 40 | €41,693 | €60,907 | +€19,213 | +46.1% |
| Other amounts receivable | 41 | €16,731 | €14,802 | -€1,929 | -11.5% |
| Cash at bank and in hand | 54/58 | €4,792 | €3,752 | -€1,040 | -21.7% |
| Deferred charges and accrued income | 490/1 | €754 | €1,131 | +€377 | +50.0% |
| Total equity and liabilities | 10/49 | €88,320 | €99,287 | +€10,967 | +12.4% |
| Equity | 10/15 | €14,167 | €12,202 | -€1,965 | -13.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€833 | -€2,798 | -€1,965 | -235.9% |
| Amounts payable | 17/49 | €74,154 | €87,085 | +€12,932 | +17.4% |
| Amounts payable within one year | 42/48 | €71,511 | €86,034 | +€14,522 | +20.3% |
| Trade debts | 44 | €12,271 | €4,719 | -€7,551 | -61.5% |
| Suppliers | 440/4 | €12,271 | €4,719 | -€7,551 | -61.5% |
| Taxes, remuneration and social security | 45 | €5,072 | €11,488 | +€6,416 | +126.5% |
| Taxes | 450/3 | €535 | €5,796 | +€5,261 | +983.1% |
| Remuneration and social security | 454/9 | €4,537 | €5,692 | +€1,155 | +25.5% |
| Other amounts payable | 47/48 | €54,169 | €69,826 | +€15,658 | +28.9% |
| Accrued charges and deferred income | 492/3 | €2,642 | €1,052 | -€1,591 | -60.2% |
| Non-recurring operating income | 76A | - | €765 | +€765 | |
| Remuneration, social security and pensions | 62 | €22,343 | €13,139 | -€9,204 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,015 | €2,500 | -€515 | -17.1% |
| Other operating charges | 640/8 | €2,013 | €623 | -€1,390 | -69.0% |
| Gross operating margin | 9900 | €30,036 | €13,364 | -€16,672 | -55.5% |
| Operating profit (loss) | 9901 | €2,664 | -€2,898 | -€5,562 | |
| Financial income | 75/76B | - | €1,586 | +€1,586 | |
| Recurring financial income | 75 | - | €1,586 | +€1,586 | |
| Financial charges | 65/66B | €976 | €653 | -€322 | -33.1% |
| Recurring financial charges | 65 | €976 | €653 | -€322 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €1,689 | -€1,965 | -€3,654 | |
| Income taxes | 67/77 | €206 | - | -€206 | |
| Profit (loss) for the period | 9904 | €1,483 | -€1,965 | -€3,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,483 | -€1,965 | -€3,448 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.