IJAZ: 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.
IJAZ
Largest movements
- Stocks and contracts +€15,503
up €15,503 (+227.9%), from €6,802 to €22,304
- Receivables within one year +€6,992
up €6,992 (+69.9%), from €10,000 to €16,992
of which Other amounts receivable: +€4,035
- Cash +€4,129
up €4,129 (+30.4%), from €13,562 to €17,691
mainly Trade debts (+€18,791) and Accrued charges and deferred income (+€6,900)
- Trade debts +€18,791
up €18,791 (+73.9%), from €25,414 to €44,205
- Accrued charges and deferred income +€6,900
new in 2025: €6,900
- Tax, wage and social debts -€3,017
no longer reported in 2025 (was €3,017)
- Profit (loss) carried forward +€2,968
up €2,968 (+84.1%), from €3,529 to €6,497
- Other debts +€1,112
up €1,112 (+166.5%), from €668 to €1,780
- Purchases and services -€15,735
down €15,735 (-1.8%), from €874,482 to €858,747
- Gross operating margin +€10,979
up €10,979, from -€2,829 to €8,150
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.
Cash bridge derived
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 | €53,088 | €79,842 | +€26,754 | +50.4% |
| Fixed assets | 21/28 | €22,724 | €22,380 | -€344 | -1.5% |
| Tangible fixed assets | 22/27 | €837 | €493 | -€344 | -41.1% |
| Furniture and vehicles | 24 | €837 | €493 | -€344 | -41.1% |
| Financial fixed assets | 28 | €21,887 | €21,887 | = | 0.0% |
| Current assets | 29/58 | €30,364 | €57,462 | +€27,098 | +89.2% |
| Stocks and contracts in progress | 3 | €6,802 | €22,304 | +€15,503 | +227.9% |
| Stocks | 30/36 | €6,802 | €22,304 | +€15,503 | +227.9% |
| Amounts receivable within one year | 40/41 | €10,000 | €16,992 | +€6,992 | +69.9% |
| Trade receivables | 40 | - | €2,958 | +€2,958 | |
| Other amounts receivable | 41 | €10,000 | €14,035 | +€4,035 | +40.3% |
| Cash at bank and in hand | 54/58 | €13,562 | €17,691 | +€4,129 | +30.4% |
| Deferred charges and accrued income | 490/1 | - | €475 | +€475 | |
| Total equity and liabilities | 10/49 | €53,088 | €79,842 | +€26,754 | +50.4% |
| Equity | 10/15 | €23,989 | €26,957 | +€2,968 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €3,529 | €6,497 | +€2,968 | +84.1% |
| Amounts payable | 17/49 | €29,099 | €52,885 | +€23,786 | +81.7% |
| Amounts payable within one year | 42/48 | €29,099 | €45,985 | +€16,886 | +58.0% |
| Trade debts | 44 | €25,414 | €44,205 | +€18,791 | +73.9% |
| Suppliers | 440/4 | €25,414 | €44,205 | +€18,791 | +73.9% |
| Taxes, remuneration and social security | 45 | €3,017 | - | -€3,017 | |
| Taxes | 450/3 | €3,017 | - | -€3,017 | |
| Other amounts payable | 47/48 | €668 | €1,780 | +€1,112 | +166.5% |
| Accrued charges and deferred income | 492/3 | - | €6,900 | +€6,900 | |
| Turnover | 70 | €830,763 | €825,564 | -€5,200 | -0.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €874,482 | €858,747 | -€15,735 | -1.8% |
| Remuneration, social security and pensions | 62 | €4,460 | - | -€4,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €344 | +€31 | +10.0% |
| Other operating charges | 640/8 | €3,711 | €4,178 | +€467 | +12.6% |
| Gross operating margin | 9900 | -€2,829 | €8,150 | +€10,979 | |
| Operating profit (loss) | 9901 | -€11,312 | €3,629 | +€14,941 | |
| Financial charges | 65/66B | €961 | €660 | -€301 | -31.3% |
| Recurring financial charges | 65 | €961 | €660 | -€301 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,274 | €2,968 | +€15,242 | |
| Profit (loss) for the period | 9904 | -€12,274 | €2,968 | +€15,242 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,274 | €2,968 | +€15,242 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.