ijstijd: 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.
ijstijd
Largest movements
- Stocks and contracts +€125,364
up €125,364 (+52.2%), from €240,029 to €365,393
- Receivables within one year -€110,778
down €110,778 (-34.8%), from €317,974 to €207,197
of which Other amounts receivable: -€87,075
- Tangible fixed assets -€63,637
down €63,637 (-10.3%), from €619,701 to €556,064
- Cash -€23,602
down €23,602 (-11.0%), from €213,710 to €190,108
mainly Contributions, distributions and other (-€259,900) and Stocks and contracts (-€125,364)
- Reserves -€71,587
down €71,587 (-10.5%), from €683,374 to €611,787
of which Distributable reserves: -€70,700
- Debts after one year -€62,839
down €62,839 (-36.3%), from €173,140 to €110,301
- Other debts +€57,281
up €57,281 (+16.7%), from €343,390 to €400,671
- Staff costs +€89,502
up €89,502 (+43.9%), from €204,021 to €293,523
- Gross operating margin +€72,161
up €72,161 (+12.6%), from €572,777 to €644,938
- Depreciation -€13,112
down €13,112 (-13.4%), from €97,602 to €84,489
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 | €1,403,156 | €1,329,240 | -€73,916 | -5.3% |
| Fixed assets | 21/28 | €624,563 | €559,847 | -€64,717 | -10.4% |
| Intangible fixed assets | 21 | €3,237 | €2,157 | -€1,080 | -33.4% |
| Tangible fixed assets | 22/27 | €619,701 | €556,064 | -€63,637 | -10.3% |
| Land and buildings | 22 | €342,893 | €319,562 | -€23,331 | -6.8% |
| Plant, machinery and equipment | 23 | €249,402 | €220,147 | -€29,255 | -11.7% |
| Furniture and vehicles | 24 | €27,407 | €16,356 | -€11,051 | -40.3% |
| Financial fixed assets | 28 | €1,625 | €1,625 | = | 0.0% |
| Current assets | 29/58 | €778,592 | €769,393 | -€9,199 | -1.2% |
| Stocks and contracts in progress | 3 | €240,029 | €365,393 | +€125,364 | +52.2% |
| Stocks | 30/36 | €240,029 | €365,393 | +€125,364 | +52.2% |
| Amounts receivable within one year | 40/41 | €317,974 | €207,197 | -€110,778 | -34.8% |
| Trade receivables | 40 | €126,420 | €102,717 | -€23,703 | -18.7% |
| Other amounts receivable | 41 | €191,554 | €104,479 | -€87,075 | -45.5% |
| Cash at bank and in hand | 54/58 | €213,710 | €190,108 | -€23,602 | -11.0% |
| Deferred charges and accrued income | 490/1 | €6,879 | €6,695 | -€184 | -2.7% |
| Total equity and liabilities | 10/49 | €1,403,156 | €1,329,240 | -€73,916 | -5.3% |
| Equity | 10/15 | €764,866 | €693,542 | -€71,323 | -9.3% |
| Contributions | 10/11 | €81,050 | €81,050 | = | 0.0% |
| Reserves | 13 | €683,374 | €611,787 | -€71,587 | -10.5% |
| Tax-exempt reserves | 132 | €40,474 | €39,587 | -€887 | -2.2% |
| Distributable reserves | 133 | €642,900 | €572,200 | -€70,700 | -11.0% |
| Profit (loss) carried forward | 14 | €442 | €705 | +€264 | +59.7% |
| Provisions and deferred taxes | 16 | €422 | €127 | -€295 | -69.9% |
| Deferred taxes | 168 | €422 | €127 | -€295 | -69.9% |
| Amounts payable | 17/49 | €637,867 | €635,570 | -€2,297 | -0.4% |
| Amounts payable after more than one year | 17 | €173,140 | €110,301 | -€62,839 | -36.3% |
| Financial debts | 170/4 | €173,140 | €110,301 | -€62,839 | -36.3% |
| Amounts payable within one year | 42/48 | €446,719 | €507,299 | +€60,580 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €61,961 | €62,839 | +€878 | +1.4% |
| Trade debts | 44 | €38,295 | €32,289 | -€6,006 | -15.7% |
| Suppliers | 440/4 | €38,295 | €32,289 | -€6,006 | -15.7% |
| Taxes, remuneration and social security | 45 | €3,073 | €11,501 | +€8,428 | +274.3% |
| Taxes | 450/3 | €3,073 | €1,539 | -€1,534 | -49.9% |
| Remuneration and social security | 454/9 | €0 | €9,962 | +€9,962 | |
| Other amounts payable | 47/48 | €343,390 | €400,671 | +€57,281 | +16.7% |
| Accrued charges and deferred income | 492/3 | €18,008 | €17,970 | -€38 | -0.2% |
| Remuneration, social security and pensions | 62 | €204,021 | €293,523 | +€89,502 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,602 | €84,489 | -€13,112 | -13.4% |
| Other operating charges | 640/8 | €16,825 | €13,746 | -€3,079 | -18.3% |
| Gross operating margin | 9900 | €572,777 | €644,938 | +€72,161 | +12.6% |
| Operating profit (loss) | 9901 | €254,330 | €253,179 | -€1,151 | -0.5% |
| Financial income | 75/76B | €2,208 | €0 | -€2,208 | -100.0% |
| Recurring financial income | 75 | €2,208 | €0 | -€2,208 | -100.0% |
| Financial charges | 65/66B | €28,152 | €21,730 | -€6,422 | -22.8% |
| Recurring financial charges | 65 | €28,152 | €21,730 | -€6,422 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €228,385 | €231,450 | +€3,064 | +1.3% |
| Transfer from deferred taxes | 780 | €959 | €295 | -€664 | -69.2% |
| Income taxes | 67/77 | €42,352 | €43,168 | +€816 | +1.9% |
| Profit (loss) for the period | 9904 | €186,992 | €188,577 | +€1,584 | +0.8% |
| Transfer from tax-exempt reserves | 789 | €2,881 | €887 | -€1,994 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €189,873 | €189,464 | -€409 | -0.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.