IJSBAR RENE: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
IJSBAR RENE
Largest movements
- Cash +€33,903
up €33,903 (+47.7%), from €71,045 to €104,947
mainly Net result for the year (+€21,269) and Receivables after one year (+€19,434)
- Receivables after one year -€19,434
down €19,434 (-25.5%), from €76,226 to €56,791
- Tangible fixed assets -€12,565
down €12,565 (-24.9%), from €50,466 to €37,902
- Deferred charges and accrued income +€5,256
up €5,256 (+99.3%), from €5,294 to €10,550
- Reserves +€21,269
up €21,269 (+14.3%), from €148,552 to €169,820
of which Distributable reserves: +€21,269
- Tax, wage and social debts -€8,026
down €8,026 (-91.8%), from €8,740 to €714
of which Taxes: -€5,298
- Trade debts -€4,682
down €4,682 (-39.4%), from €11,894 to €7,212
- Financial charges +€24,554
up €24,554 (+1,006%), from €2,440 to €26,994
- Gross operating margin +€21,822
up €21,822 (+20.5%), from €106,368 to €128,190
- Provisions +€18,362
up €18,362, from -€18,362 to €0
- Taxes -€6,249
down €6,249 (-34.7%), from €18,026 to €11,777
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 | €205,606 | €214,098 | +€8,492 | +4.1% |
| Fixed assets | 21/28 | €50,562 | €37,998 | -€12,565 | -24.8% |
| Tangible fixed assets | 22/27 | €50,466 | €37,902 | -€12,565 | -24.9% |
| Land and buildings | 22 | €20,934 | €17,547 | -€3,387 | -16.2% |
| Plant, machinery and equipment | 23 | €21,371 | €16,746 | -€4,625 | -21.6% |
| Furniture and vehicles | 24 | €8,162 | €3,609 | -€4,553 | -55.8% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €155,044 | €176,100 | +€21,056 | +13.6% |
| Amounts receivable after more than one year | 29 | €76,226 | €56,791 | -€19,434 | -25.5% |
| Other amounts receivable | 291 | €76,226 | €56,791 | -€19,434 | -25.5% |
| Stocks and contracts in progress | 3 | €239 | €480 | +€241 | +101% |
| Stocks | 30/36 | €239 | €480 | +€241 | +101% |
| Amounts receivable within one year | 40/41 | €2,240 | €3,331 | +€1,091 | +48.7% |
| Trade receivables | 40 | €215 | €5 | -€210 | -97.9% |
| Other amounts receivable | 41 | €2,025 | €3,327 | +€1,302 | +64.3% |
| Cash at bank and in hand | 54/58 | €71,045 | €104,947 | +€33,903 | +47.7% |
| Deferred charges and accrued income | 490/1 | €5,294 | €10,550 | +€5,256 | +99.3% |
| Total equity and liabilities | 10/49 | €205,606 | €214,098 | +€8,492 | +4.1% |
| Equity | 10/15 | €167,144 | €188,412 | +€21,269 | +12.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €148,552 | €169,820 | +€21,269 | +14.3% |
| Tax-exempt reserves | 132 | €16,801 | €16,801 | = | 0.0% |
| Distributable reserves | 133 | €131,751 | €153,019 | +€21,269 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €38,463 | €25,686 | -€12,777 | -33.2% |
| Amounts payable after more than one year | 17 | €17,498 | €17,429 | -€69 | -0.4% |
| Other amounts payable | 178/9 | €17,498 | €17,429 | -€69 | -0.4% |
| Amounts payable within one year | 42/48 | €20,965 | €8,256 | -€12,708 | -60.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €11,894 | €7,212 | -€4,682 | -39.4% |
| Suppliers | 440/4 | €11,894 | €7,212 | -€4,682 | -39.4% |
| Advances received on contracts in progress | 46 | €330 | €330 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,740 | €714 | -€8,026 | -91.8% |
| Taxes | 450/3 | €5,698 | €400 | -€5,298 | -93.0% |
| Remuneration and social security | 454/9 | €3,043 | €314 | -€2,728 | -89.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €51,279 | €50,656 | -€623 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,918 | €15,585 | -€333 | -2.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€18,362 | €0 | +€18,362 | |
| Other operating charges | 640/8 | €3,900 | €3,397 | -€503 | -12.9% |
| Gross operating margin | 9900 | €106,368 | €128,190 | +€21,822 | +20.5% |
| Operating profit (loss) | 9901 | €53,633 | €58,552 | +€4,919 | +9.2% |
| Financial income | 75/76B | €1,444 | €1,488 | +€44 | +3.0% |
| Recurring financial income | 75 | €1,444 | €1,488 | +€44 | +3.0% |
| Financial charges | 65/66B | €2,440 | €26,994 | +€24,554 | +1,006% |
| Recurring financial charges | 65 | €2,440 | €26,994 | +€24,554 | +1,006% |
| Profit (loss) for the period before taxes | 9903 | €52,637 | €33,046 | -€19,591 | -37.2% |
| Income taxes | 67/77 | €18,026 | €11,777 | -€6,249 | -34.7% |
| Profit (loss) for the period | 9904 | €34,611 | €21,269 | -€13,342 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,611 | €21,269 | -€13,342 | -38.5% |
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 1 November 2026 via checked.be.