IJzerwaar: 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.
IJzerwaar
Largest movements
- Cash -€9,421
down €9,421 (-43.0%), from €21,930 to €12,509
mainly Net result for the year (-€18,851) and Tax, wage and social debts (-€3,127)
- Receivables within one year -€5,568
down €5,568 (-17.1%), from €32,473 to €26,905
of which Trade receivables: -€4,678
- Stocks and contracts -€4,905
down €4,905 (-20.3%), from €24,117 to €19,211
- Tangible fixed assets -€1,893
down €1,893 (-27.2%), from €6,950 to €5,057
- Profit (loss) carried forward -€18,851
down €18,851 (-79.6%), from -€23,685 to -€42,535
- Tax, wage and social debts -€3,127
down €3,127 (-27.2%), from €11,513 to €8,386
- Gross operating margin +€7,964
up €7,964 (+33.0%), from -€24,135 to -€16,171
- Financial income -€1,433
down €1,433 (-73.4%), from €1,952 to €519
- Financial charges -€512
down €512 (-30.3%), from €1,690 to €1,178
- Depreciation -€310
down €310 (-14.1%), from €2,203 to €1,893
- Other operating charges -€291
down €291 (-69.5%), from €419 to €128
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.
Derived cash bridge
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 | €85,537 | €63,681 | -€21,856 | -25.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,950 | €5,057 | -€1,893 | -27.2% |
| Tangible fixed assets | 22/27 | €6,950 | €5,057 | -€1,893 | -27.2% |
| Plant, machinery and equipment | 23 | €3,647 | €3,114 | -€533 | -14.6% |
| Furniture and vehicles | 24 | €925 | €0 | -€925 | -100% |
| Other tangible fixed assets | 26 | €2,378 | €1,942 | -€436 | -18.3% |
| Current assets | 29/58 | €78,588 | €58,625 | -€19,963 | -25.4% |
| Stocks and contracts in progress | 3 | €24,117 | €19,211 | -€4,905 | -20.3% |
| Stocks | 30/36 | €24,117 | €19,211 | -€4,905 | -20.3% |
| Amounts receivable within one year | 40/41 | €32,473 | €26,905 | -€5,568 | -17.1% |
| Trade receivables | 40 | €21,473 | €16,795 | -€4,678 | -21.8% |
| Other amounts receivable | 41 | €11,000 | €10,110 | -€890 | -8.1% |
| Cash at bank and in hand | 54/58 | €21,930 | €12,509 | -€9,421 | -43.0% |
| Deferred charges and accrued income | 490/1 | €69 | - | -€69 | |
| Total equity and liabilities | 10/49 | €85,537 | €63,681 | -€21,856 | -25.6% |
| Equity | 10/15 | €64,959 | €46,109 | -€18,851 | -29.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,444 | €82,444 | = | 0.0% |
| Distributable reserves | 133 | €82,444 | €82,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,685 | -€42,535 | -€18,851 | -79.6% |
| Amounts payable | 17/49 | €20,578 | €17,573 | -€3,005 | -14.6% |
| Amounts payable within one year | 42/48 | €20,578 | €17,573 | -€3,005 | -14.6% |
| Trade debts | 44 | €2,558 | €2,781 | +€223 | +8.7% |
| Suppliers | 440/4 | €2,558 | €2,781 | +€223 | +8.7% |
| Taxes, remuneration and social security | 45 | €11,513 | €8,386 | -€3,127 | -27.2% |
| Taxes | 450/3 | €11,513 | €8,386 | -€3,127 | -27.2% |
| Other amounts payable | 47/48 | €6,507 | €6,406 | -€101 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,203 | €1,893 | -€310 | -14.1% |
| Other operating charges | 640/8 | €419 | €128 | -€291 | -69.5% |
| Gross operating margin | 9900 | -€24,135 | -€16,171 | +€7,964 | +33.0% |
| Operating profit (loss) | 9901 | -€26,757 | -€18,191 | +€8,566 | +32.0% |
| Financial income | 75/76B | €1,952 | €519 | -€1,433 | -73.4% |
| Recurring financial income | 75 | €1,952 | €519 | -€1,433 | -73.4% |
| Financial charges | 65/66B | €1,690 | €1,178 | -€512 | -30.3% |
| Recurring financial charges | 65 | €1,690 | €1,178 | -€512 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,495 | -€18,851 | +€7,644 | +28.9% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€26,495 | -€18,851 | +€7,644 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,495 | -€18,851 | +€7,644 | +28.9% |
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 23 October 2026 via checked.be.