IIC: 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.
IIC
Largest movements
- Cash +€162,765
up €162,765 (+45.7%), from €356,165 to €518,930
mainly Net result for the year (+€108,970) and Trade debts (+€80,377)
- Stocks and contracts +€124,806
up €124,806 (+15.6%), from €799,446 to €924,252
- Receivables after one year -€31,686
down €31,686 (-8.7%), from €362,401 to €330,714
- Profit (loss) carried forward +€108,970
up €108,970 (+9.7%), from €1.1m to €1.2m
- Trade debts +€80,377
up €80,377 (+32.3%), from €248,857 to €329,234
- Advances received +€77,540
new in 2026: €77,540
- Other debts -€39,805
down €39,805 (-99.5%), from €40,000 to €195
- Gross operating margin +€47,353
up €47,353 (+9.8%), from €481,733 to €529,086
- Staff costs +€38,766
up €38,766 (+13.2%), from €292,960 to €331,727
- Depreciation +€15,678
up €15,678 (+46.5%), from €33,690 to €49,368
- Taxes +€14,172
up €14,172 (+98.1%), from €14,452 to €28,624
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,006,080 | €2,254,285 | +€248,206 | +12.4% |
| Fixed assets | 21/28 | €310,483 | €313,118 | +€2,635 | +0.8% |
| Intangible fixed assets | 21 | €604 | €10,154 | +€9,550 | +1580.1% |
| Tangible fixed assets | 22/27 | €309,879 | €302,964 | -€6,915 | -2.2% |
| Land and buildings | 22 | €231,778 | €213,375 | -€18,403 | -7.9% |
| Plant, machinery and equipment | 23 | €33,888 | €39,127 | +€5,238 | +15.5% |
| Furniture and vehicles | 24 | €44,213 | €50,463 | +€6,250 | +14.1% |
| Current assets | 29/58 | €1,695,596 | €1,941,167 | +€245,571 | +14.5% |
| Amounts receivable after more than one year | 29 | €362,401 | €330,714 | -€31,686 | -8.7% |
| Other amounts receivable | 291 | €362,401 | €330,714 | -€31,686 | -8.7% |
| Stocks and contracts in progress | 3 | €799,446 | €924,252 | +€124,806 | +15.6% |
| Stocks | 30/36 | €799,446 | €924,252 | +€124,806 | +15.6% |
| Amounts receivable within one year | 40/41 | €175,663 | €161,756 | -€13,908 | -7.9% |
| Trade receivables | 40 | €14,620 | - | -€14,620 | |
| Other amounts receivable | 41 | €161,043 | €161,756 | +€712 | +0.4% |
| Cash at bank and in hand | 54/58 | €356,165 | €518,930 | +€162,765 | +45.7% |
| Deferred charges and accrued income | 490/1 | €1,921 | €5,515 | +€3,594 | +187.0% |
| Total equity and liabilities | 10/49 | €2,006,080 | €2,254,285 | +€248,206 | +12.4% |
| Equity | 10/15 | €1,707,012 | €1,815,982 | +€108,970 | +6.4% |
| Contributions | 10/11 | €68,592 | €68,592 | = | 0.0% |
| Reserves | 13 | €520,324 | €520,324 | = | 0.0% |
| Distributable reserves | 133 | €520,324 | €520,324 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,118,096 | €1,227,066 | +€108,970 | +9.7% |
| Amounts payable | 17/49 | €299,067 | €438,303 | +€139,236 | +46.6% |
| Amounts payable within one year | 42/48 | €299,067 | €438,303 | +€139,236 | +46.6% |
| Trade debts | 44 | €248,857 | €329,234 | +€80,377 | +32.3% |
| Suppliers | 440/4 | €248,857 | €329,234 | +€80,377 | +32.3% |
| Advances received on contracts in progress | 46 | - | €77,540 | +€77,540 | |
| Taxes, remuneration and social security | 45 | €10,210 | €31,334 | +€21,124 | +206.9% |
| Taxes | 450/3 | - | €7,156 | +€7,156 | |
| Remuneration and social security | 454/9 | €10,210 | €24,178 | +€13,968 | +136.8% |
| Other amounts payable | 47/48 | €40,000 | €195 | -€39,805 | -99.5% |
| Remuneration, social security and pensions | 62 | €292,960 | €331,727 | +€38,766 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,690 | €49,368 | +€15,678 | +46.5% |
| Other operating charges | 640/8 | €12,992 | €12,473 | -€520 | -4.0% |
| Gross operating margin | 9900 | €481,733 | €529,086 | +€47,353 | +9.8% |
| Operating profit (loss) | 9901 | €142,090 | €135,518 | -€6,571 | -4.6% |
| Financial income | 75/76B | €9,463 | €7,445 | -€2,018 | -21.3% |
| Recurring financial income | 75 | €9,463 | €7,445 | -€2,018 | -21.3% |
| Financial charges | 65/66B | €5,773 | €5,369 | -€404 | -7.0% |
| Recurring financial charges | 65 | €5,773 | €5,369 | -€404 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €145,779 | €137,594 | -€8,185 | -5.6% |
| Income taxes | 67/77 | €14,452 | €28,624 | +€14,172 | +98.1% |
| Profit (loss) for the period | 9904 | €131,327 | €108,970 | -€22,357 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €131,327 | €108,970 | -€22,357 | -17.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.