IJZERWAREN DE BALANS: 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.
IJZERWAREN DE BALANS
Largest movements
- Stocks and contracts -€267,713
down €267,713 (-39.3%), from €680,885 to €413,172
- Receivables within one year +€254,952
up €254,952 (+31.2%), from €816,725 to €1.1m
of which Trade receivables: +€234,091
- Cash -€50,976
down €50,976 (-18.1%), from €281,921 to €230,945
mainly Receivables within one year (-€254,952) and Trade debts (-€149,250)
- Trade debts -€149,250
down €149,250 (-47.9%), from €311,268 to €162,018
- Other debts +€54,000
up €54,000 (+12.1%), from €447,071 to €501,071
- Reserves +€45,038
up €45,038 (+4.9%), from €923,897 to €968,934
of which Distributable reserves: +€45,038
- Tax, wage and social debts +€26,166
up €26,166 (+63.6%), from €41,130 to €67,296
of which Remuneration and social security: +€28,378
- Current portion of long-term debt -€23,090
down €23,090 (-33.9%), from €68,042 to €44,953
- Gross operating margin +€40,111
up €40,111 (+10.6%), from €378,384 to €418,495
- Staff costs +€27,664
up €27,664 (+11.7%), from €235,756 to €263,420
- Write-downs +€17,763
up €17,763 (+40.1%), from €44,321 to €62,084
- Depreciation +€9,644
up €9,644 (+42.9%), from €22,481 to €32,125
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 | €1,910,471 | €1,840,728 | -€69,743 | -3.7% |
| Fixed assets | 21/28 | €127,306 | €121,369 | -€5,937 | -4.7% |
| Tangible fixed assets | 22/27 | €78,410 | €70,331 | -€8,079 | -10.3% |
| Land and buildings | 22 | €9,484 | €20,854 | +€11,371 | +120% |
| Furniture and vehicles | 24 | €4,273 | €6,704 | +€2,430 | +56.9% |
| Leasing and similar rights | 25 | €64,653 | €42,773 | -€21,880 | -33.8% |
| Financial fixed assets | 28 | €48,896 | €51,037 | +€2,142 | +4.4% |
| Current assets | 29/58 | €1,783,165 | €1,719,359 | -€63,806 | -3.6% |
| Stocks and contracts in progress | 3 | €680,885 | €413,172 | -€267,713 | -39.3% |
| Stocks | 30/36 | €680,885 | €413,172 | -€267,713 | -39.3% |
| Amounts receivable within one year | 40/41 | €816,725 | €1,071,677 | +€254,952 | +31.2% |
| Trade receivables | 40 | €798,173 | €1,032,264 | +€234,091 | +29.3% |
| Other amounts receivable | 41 | €18,551 | €39,413 | +€20,862 | +112% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €281,921 | €230,945 | -€50,976 | -18.1% |
| Deferred charges and accrued income | 490/1 | €3,634 | €3,565 | -€69 | -1.9% |
| Total equity and liabilities | 10/49 | €1,910,471 | €1,840,728 | -€69,743 | -3.7% |
| Equity | 10/15 | €998,397 | €1,043,434 | +€45,038 | +4.5% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €74,500 | €74,500 | = | 0.0% |
| Reserves | 13 | €923,897 | €968,934 | +€45,038 | +4.9% |
| Non-distributable reserves | 130/1 | €7,450 | €7,450 | = | 0.0% |
| Legal reserve | 130 | €7,450 | €7,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €897,697 | €942,734 | +€45,038 | +5.0% |
| Amounts payable | 17/49 | €912,074 | €797,293 | -€114,781 | -12.6% |
| Amounts payable after more than one year | 17 | €44,562 | €21,955 | -€22,607 | -50.7% |
| Financial debts | 170/4 | €44,562 | €21,955 | -€22,607 | -50.7% |
| Amounts payable within one year | 42/48 | €867,512 | €775,338 | -€92,173 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €68,042 | €44,953 | -€23,090 | -33.9% |
| Trade debts | 44 | €311,268 | €162,018 | -€149,250 | -47.9% |
| Suppliers | 440/4 | €311,268 | €162,018 | -€149,250 | -47.9% |
| Taxes, remuneration and social security | 45 | €41,130 | €67,296 | +€26,166 | +63.6% |
| Taxes | 450/3 | €17,670 | €15,458 | -€2,212 | -12.5% |
| Remuneration and social security | 454/9 | €23,461 | €51,839 | +€28,378 | +121% |
| Other amounts payable | 47/48 | €447,071 | €501,071 | +€54,000 | +12.1% |
| Non-recurring operating income | 76A | €2,066 | €0 | -€2,066 | -100% |
| Remuneration, social security and pensions | 62 | €235,756 | €263,420 | +€27,664 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,481 | €32,125 | +€9,644 | +42.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,321 | €62,084 | +€17,763 | +40.1% |
| Other operating charges | 640/8 | €2,020 | €4,147 | +€2,128 | +105% |
| Gross operating margin | 9900 | €378,384 | €418,495 | +€40,111 | +10.6% |
| Operating profit (loss) | 9901 | €73,807 | €56,719 | -€17,088 | -23.2% |
| Financial income | 75/76B | €18,136 | €19,981 | +€1,845 | +10.2% |
| Recurring financial income | 75 | €18,136 | €19,981 | +€1,845 | +10.2% |
| Financial charges | 65/66B | €12,153 | €12,339 | +€186 | +1.5% |
| Recurring financial charges | 65 | €12,153 | €12,339 | +€186 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €79,790 | €64,361 | -€15,429 | -19.3% |
| Income taxes | 67/77 | €21,928 | €19,324 | -€2,604 | -11.9% |
| Profit (loss) for the period | 9904 | €57,862 | €45,038 | -€12,824 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,862 | €45,038 | -€12,824 | -22.2% |
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 26 October 2026 via checked.be.