iO Group: 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
iO Group
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4.9m
2024 · -€5.7m+€812,508
Equity
€57.0m
2024 · €61.9m-€4.9m
Cash
€14,220
2024 · €3,176+€11,044
Balance sheet total
€125.3m
2024 · €126.4m-€1.1m
Largest movements
Assets
- Receivables within one year -€6.1m
down €6.1m (-21.2%), from €28.6m to €22.5m
of which Other amounts receivable: -€6.0m
- Financial fixed assets +€5.1m
up €5.1m (+5.2%), from €96.7m to €101.8m
of which Affiliated companies: +€5.0m
Equity and liabilities
- Profit (loss) carried forward -€4.9m
down €4.9m (-23.1%), from -€21.3m to -€26.2m
- Other debts +€2.8m
up €2.8m (+30.8%), from €9.2m to €12.1m
Income statement
- Turnover +€787,854
up €787,854 (+130%), from €605,065 to €1.4m
- Financial income -€620,312
down €620,312 (-43.1%), from €1.4m to €820,209
- Financial charges -€535,000
down €535,000 (-8.4%), from €6.3m to €5.8m
- Goods and materials -€69,396
down €69,396 (-75.3%), from €92,119 to €22,723
- Depreciation -€29,221
down €29,221 (-15.5%), from €189,018 to €159,797
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
-€5.7m
Turnover
+€787,854
Goods and materials
+€69,396
Services and other goods
+€23,289
Staff costs
-€11,366
Depreciation
+€29,221
Other operating charges
-€1,264
Other operating items
+€690
Financial income
-€620,312
Financial charges
+€535,000
Result 2025
-€4.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.9m
Investment
-€5.1m
Financing
+€1.2m
Cash 2024
€3,176
From operations (derived)
+€3.9m
Net result for the year
-€4.9m
Depreciation
+€159,797
Receivables within one year
+€6.1m
Deferred charges and accrued income
-€47,211
Trade debts
-€71,485
Other debts
+€2.8m
Accrued charges and deferred income
-€132,410
Investment (derived)
-€5.1m
Investment in fixed assets (net)
-€5.1m
Financing
+€1.2m
Debts after one year
+€1.2m
Cash 2025
€14,220
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,387,501 | €125,283,475 | -€1.1m | -0.9% |
| Fixed assets | 21/28 | €97,746,118 | €102,647,366 | +€4.9m | +5.0% |
| Intangible fixed assets | 21 | €1,003,609 | €859,604 | -€144,005 | -14.3% |
| Tangible fixed assets | 22/27 | €37,621 | €31,374 | -€6,247 | -16.6% |
| Land and buildings | 22 | €11,817 | €10,477 | -€1,340 | -11.3% |
| Plant, machinery and equipment | 23 | €17,680 | €14,030 | -€3,650 | -20.6% |
| Furniture and vehicles | 24 | €8,124 | €6,867 | -€1,257 | -15.5% |
| Financial fixed assets | 28 | €96,704,888 | €101,756,388 | +€5.1m | +5.2% |
| Affiliated companies | 280/1 | €96,704,888 | €101,704,888 | +€5.0m | +5.2% |
| Participating interests | 280 | €96,704,888 | €101,704,888 | +€5.0m | +5.2% |
| Other financial fixed assets | 284/8 | - | €51,500 | +€51,500 | |
| Amounts receivable and cash guarantees | 285/8 | - | €51,500 | +€51,500 | |
| Current assets | 29/58 | €28,641,383 | €22,636,109 | -€6.0m | -21.0% |
| Amounts receivable within one year | 40/41 | €28,588,993 | €22,525,464 | -€6.1m | -21.2% |
| Trade receivables | 40 | €141,669 | €102,291 | -€39,378 | -27.8% |
| Other amounts receivable | 41 | €28,447,324 | €22,423,173 | -€6.0m | -21.2% |
| Cash at bank and in hand | 54/58 | €3,176 | €14,220 | +€11,044 | +348% |
| Deferred charges and accrued income | 490/1 | €49,214 | €96,425 | +€47,211 | +95.9% |
| Total equity and liabilities | 10/49 | €126,387,501 | €125,283,475 | -€1.1m | -0.9% |
| Equity | 10/15 | €61,906,438 | €56,983,990 | -€4.9m | -8.0% |
| Contributions | 10/11 | €83,132,900 | €83,132,900 | = | 0.0% |
| Capital | 10 | €45,990,100 | €45,990,100 | = | 0.0% |
| Issued capital | 100 | €45,990,100 | €45,990,100 | = | 0.0% |
| Contributions outside capital | 11 | €37,142,800 | €37,142,800 | = | 0.0% |
| Share premium | 1100/10 | €37,142,800 | €37,142,800 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,266,462 | -€26,188,910 | -€4.9m | -23.1% |
| Amounts payable | 17/49 | €64,481,063 | €68,299,485 | +€3.8m | +5.9% |
| Amounts payable after more than one year | 17 | €53,717,281 | €54,892,535 | +€1.2m | +2.2% |
| Financial debts | 170/4 | €53,717,281 | €54,892,535 | +€1.2m | +2.2% |
| Subordinated loans | 170 | €8,393,845 | €9,569,099 | +€1.2m | +14.0% |
| Credit institutions | 173 | €45,323,436 | €45,323,436 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,546,607 | €12,322,185 | +€2.8m | +29.1% |
| Trade debts | 44 | €316,628 | €245,143 | -€71,485 | -22.6% |
| Suppliers | 440/4 | €316,628 | €245,143 | -€71,485 | -22.6% |
| Other amounts payable | 47/48 | €9,229,979 | €12,077,042 | +€2.8m | +30.8% |
| Accrued charges and deferred income | 492/3 | €1,217,175 | €1,084,765 | -€132,410 | -10.9% |
| Operating income | 70/76A | €605,065 | €1,392,919 | +€787,854 | +130% |
| Turnover | 70 | €605,065 | €1,392,919 | +€787,854 | +130% |
| Operating charges | 60/66A | €1,437,099 | €1,327,133 | -€109,966 | -7.7% |
| Goods for resale, raw materials and consumables | 60 | €92,119 | €22,723 | -€69,396 | -75.3% |
| Purchases | 600/8 | €92,119 | €22,723 | -€69,396 | -75.3% |
| Services and other goods | 61 | €1,155,154 | €1,131,865 | -€23,289 | -2.0% |
| Remuneration, social security and pensions | 62 | - | €11,366 | +€11,366 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,018 | €159,797 | -€29,221 | -15.5% |
| Other operating charges | 640/8 | €118 | €1,382 | +€1,264 | +1,071% |
| Non-recurring operating charges | 66A | €690 | - | -€690 | |
| Operating profit (loss) | 9901 | -€832,034 | €65,786 | +€897,820 | |
| Financial income | 75/76B | €1,440,521 | €820,209 | -€620,312 | -43.1% |
| Recurring financial income | 75 | €1,440,521 | €820,209 | -€620,312 | -43.1% |
| Income from current assets | 751 | €1,440,473 | €820,209 | -€620,264 | -43.1% |
| Other financial income | 752/9 | €48 | - | -€48 | |
| Financial charges | 65/66B | €6,343,443 | €5,808,443 | -€535,000 | -8.4% |
| Recurring financial charges | 65 | €6,343,443 | €5,808,443 | -€535,000 | -8.4% |
| Debt charges | 650 | €6,343,443 | €5,803,870 | -€539,573 | -8.5% |
| Other financial charges | 652/9 | - | €4,573 | +€4,573 | |
| Profit (loss) for the period before taxes | 9903 | -€5,734,956 | -€4,922,448 | +€812,508 | +14.2% |
| Profit (loss) for the period | 9904 | -€5,734,956 | -€4,922,448 | +€812,508 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,734,956 | -€4,922,448 | +€812,508 | +14.2% |
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 23 October 2026 via checked.be.