IJZERLAND: 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.
What changed
IJZERLAND
NACE 46.872, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€29,644
2024 · -€101,719+€131,363
Equity
€1.1m
2024 · €1.1m+€29,644
Cash
€163,780
2024 · €399,346-€235,566
Balance sheet total
€5.1m
2024 · €6.1m-€981,120
Largest movements
Assets
- Tangible fixed assets -€606,967
down €606,967 (-17.1%), from €3.6m to €2.9m
of which Leasing and similar rights: -€477,128
- Cash -€235,566
down €235,566 (-59.0%), from €399,346 to €163,780
mainly Trade debts (-€815,239) and Debts after one year (-€411,790)
- Stocks and contracts -€101,439
down €101,439 (-11.8%), from €858,404 to €756,965
Equity and liabilities
- Trade debts -€815,239
down €815,239 (-66.4%), from €1.2m to €412,592
- Debts after one year -€411,790
down €411,790 (-20.5%), from €2.0m to €1.6m
of which Financial debts: -€326,790
- Short-term financial debts +€194,365
up €194,365 (+24.1%), from €805,635 to €1.0m
Income statement
- Goods and materials -€803,007
down €803,007 (-9.9%), from €8.1m to €7.3m
of which Purchases: -€854,354
- Turnover -€598,008
down €598,008 (-5.3%), from €11.3m to €10.7m
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.
Result 2024
-€101,719
Turnover
-€598,008
Other operating income
-€18,505
Goods and materials
+€803,007
Services and other goods
+€17,267
Staff costs
-€33,835
Depreciation
-€22,051
Other operating charges
-€18,030
Other operating items
+€47,929
Financial income
-€2,233
Financial charges
-€44,223
Taxes
-€1,204
Deferred taxes and other
+€1,248
Result 2025
€29,644
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.
From operations
+€299,867
Investment
-€323,529
Financing
-€211,903
Cash 2024
€399,346
From operations (derived)
+€299,867
Net result for the year
+€29,644
Depreciation
+€930,496
Stocks and contracts
+€101,439
Receivables within one year
+€38,154
Smaller working-capital items
-€2,710
Provisions
-€8,582
Trade debts
-€815,239
Tax, wage and social debts
+€33,984
Other debts
-€7,320
Investment (derived)
-€323,529
Investment in fixed assets (net)
-€323,529
Financing
-€211,903
Debts after one year
-€411,790
Current portion of long-term debt
+€5,521
Short-term financial debts
+€194,365
Cash 2025
€163,780
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,071,364 | €5,090,244 | -€981,120 | -16.2% |
| Fixed assets | 21/28 | €3,555,695 | €2,948,728 | -€606,967 | -17.1% |
| Tangible fixed assets | 22/27 | €3,554,290 | €2,947,323 | -€606,967 | -17.1% |
| Land and buildings | 22 | €724,081 | €672,410 | -€51,671 | -7.1% |
| Plant, machinery and equipment | 23 | €859,200 | €830,411 | -€28,789 | -3.4% |
| Furniture and vehicles | 24 | €91,671 | €47,333 | -€44,338 | -48.4% |
| Leasing and similar rights | 25 | €1,825,400 | €1,348,271 | -€477,128 | -26.1% |
| Other tangible fixed assets | 26 | €53,938 | €48,897 | -€5,041 | -9.3% |
| Financial fixed assets | 28 | €1,405 | €1,405 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,405 | €1,405 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,405 | €1,405 | = | 0.0% |
| Current assets | 29/58 | €2,515,669 | €2,141,516 | -€374,153 | -14.9% |
| Stocks and contracts in progress | 3 | €858,404 | €756,965 | -€101,439 | -11.8% |
| Stocks | 30/36 | €858,404 | €756,965 | -€101,439 | -11.8% |
| Goods purchased for resale | 34 | €858,404 | €756,965 | -€101,439 | -11.8% |
| Amounts receivable within one year | 40/41 | €1,033,273 | €995,119 | -€38,154 | -3.7% |
| Trade receivables | 40 | €630,390 | €772,010 | +€141,620 | +22.5% |
| Other amounts receivable | 41 | €402,883 | €223,109 | -€179,774 | -44.6% |
| Current investments | 50/53 | €152,654 | €152,654 | = | 0.0% |
| Other investments | 51/53 | €152,654 | €152,654 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €399,346 | €163,780 | -€235,566 | -59.0% |
| Deferred charges and accrued income | 490/1 | €71,991 | €72,998 | +€1,007 | +1.4% |
| Total equity and liabilities | 10/49 | €6,071,364 | €5,090,244 | -€981,120 | -16.2% |
| Equity | 10/15 | €1,103,049 | €1,132,693 | +€29,644 | +2.7% |
| Contributions | 10/11 | €23,552 | €23,552 | = | 0.0% |
| Reserves | 13 | €1,079,497 | €1,109,141 | +€29,644 | +2.7% |
| Tax-exempt reserves | 132 | €360,408 | €339,978 | -€20,430 | -5.7% |
| Distributable reserves | 133 | €719,090 | €769,164 | +€50,074 | +7.0% |
| Provisions and deferred taxes | 16 | €57,664 | €49,082 | -€8,582 | -14.9% |
| Deferred taxes | 168 | €57,664 | €49,082 | -€8,582 | -14.9% |
| Amounts payable | 17/49 | €4,910,651 | €3,908,469 | -€1.0m | -20.4% |
| Amounts payable after more than one year | 17 | €2,007,988 | €1,596,198 | -€411,790 | -20.5% |
| Financial debts | 170/4 | €1,922,988 | €1,596,198 | -€326,790 | -17.0% |
| Leasing and similar obligations | 172 | €1,205,272 | €807,258 | -€398,014 | -33.0% |
| Credit institutions | 173 | €717,716 | €788,940 | +€71,224 | +9.9% |
| Other amounts payable | 178/9 | €85,000 | - | -€85,000 | |
| Amounts payable within one year | 42/48 | €2,895,169 | €2,306,481 | -€588,688 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €770,008 | €775,529 | +€5,521 | +0.7% |
| Financial debts | 43 | €805,635 | €1,000,000 | +€194,365 | +24.1% |
| Credit institutions | 430/8 | €805,635 | €1,000,000 | +€194,365 | +24.1% |
| Trade debts | 44 | €1,227,831 | €412,592 | -€815,239 | -66.4% |
| Suppliers | 440/4 | €1,227,831 | €412,592 | -€815,239 | -66.4% |
| Taxes, remuneration and social security | 45 | €79,697 | €113,680 | +€33,984 | +42.6% |
| Taxes | 450/3 | €497 | €32,147 | +€31,650 | +6369.7% |
| Remuneration and social security | 454/9 | €79,200 | €81,533 | +€2,334 | +2.9% |
| Other amounts payable | 47/48 | €11,999 | €4,679 | -€7,320 | -61.0% |
| Accrued charges and deferred income | 492/3 | €7,494 | €5,790 | -€1,704 | -22.7% |
| Operating income | 70/76A | €11,370,576 | €10,800,787 | -€569,788 | -5.0% |
| Turnover | 70 | €11,284,184 | €10,686,176 | -€598,008 | -5.3% |
| Other operating income | 74 | €77,221 | €58,717 | -€18,505 | -24.0% |
| Non-recurring operating income | 76A | €9,171 | €55,895 | +€46,724 | +509.5% |
| Operating charges | 60/66A | €11,328,021 | €10,580,458 | -€747,564 | -6.6% |
| Goods for resale, raw materials and consumables | 60 | €8,075,787 | €7,272,779 | -€803,007 | -9.9% |
| Purchases | 600/8 | €8,025,694 | €7,171,340 | -€854,354 | -10.6% |
| Change in stocks: decrease (increase) | 609 | €50,092 | €101,439 | +€51,347 | +102.5% |
| Services and other goods | 61 | €1,459,077 | €1,441,810 | -€17,267 | -1.2% |
| Remuneration, social security and pensions | 62 | €862,794 | €896,629 | +€33,835 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908,446 | €930,496 | +€22,051 | +2.4% |
| Other operating charges | 640/8 | €20,713 | €38,744 | +€18,030 | +87.0% |
| Non-recurring operating charges | 66A | €1,205 | - | -€1,205 | |
| Operating profit (loss) | 9901 | €42,554 | €220,329 | +€177,775 | +417.8% |
| Financial income | 75/76B | €2,236 | €2 | -€2,233 | -99.9% |
| Recurring financial income | 75 | €2,236 | €2 | -€2,233 | -99.9% |
| Income from current assets | 751 | €36 | - | -€36 | |
| Other financial income | 752/9 | €2,200 | €2 | -€2,198 | -99.9% |
| Financial charges | 65/66B | €145,980 | €190,203 | +€44,223 | +30.3% |
| Recurring financial charges | 65 | €145,980 | €190,203 | +€44,223 | +30.3% |
| Debt charges | 650 | €120,565 | €121,026 | +€461 | +0.4% |
| Other financial charges | 652/9 | €25,416 | €69,178 | +€43,762 | +172.2% |
| Profit (loss) for the period before taxes | 9903 | -€101,191 | €30,128 | +€131,319 | |
| Transfer from deferred taxes | 780 | €7,334 | €8,582 | +€1,248 | +17.0% |
| Income taxes | 67/77 | €7,862 | €9,066 | +€1,204 | +15.3% |
| Taxes | 670/3 | €7,862 | €9,066 | +€1,204 | +15.3% |
| Profit (loss) for the period | 9904 | -€101,719 | €29,644 | +€131,363 | |
| Transfer from tax-exempt reserves | 789 | €17,459 | €20,430 | +€2,971 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,260 | €50,074 | +€134,334 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.