IOSA: 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.
IOSA
Largest movements
- Cash +€17,591
up €17,591 (+200.5%), from €8,774 to €26,365
mainly Net result for the year (+€42,694) and Depreciation (+€15,872)
- Receivables after one year +€10,000
new in 2025: €10,000
- Receivables within one year +€4,988
up €4,988 (+27.0%), from €18,467 to €23,455
of which Trade receivables: +€9,586
- Deferred charges and accrued income -€3,010
no longer reported in 2025 (was €3,010)
- Intangible fixed assets -€1,662
down €1,662 (-59.3%), from €2,805 to €1,143
- Reserves +€40,000
up €40,000 (+415.7%), from €9,622 to €49,622
of which Distributable reserves: +€40,000
- Tax, wage and social debts -€10,104
down €10,104 (-96.8%), from €10,437 to €333
- Debts after one year -€4,995
down €4,995 (-51.2%), from €9,752 to €4,757
- Profit (loss) carried forward +€2,694
up €2,694 (+20.6%), from €13,050 to €15,744
- Advances received -€1,810
down €1,810 (-60.3%), from €3,000 to €1,190
- Gross operating margin +€36,193
up €36,193 (+20.8%), from €173,912 to €210,105
- Taxes +€8,286
up €8,286 (+119.9%), from €6,911 to €15,197
- Staff costs -€6,999
down €6,999 (-5.3%), from €131,364 to €124,365
- Other operating charges +€6,178
up €6,178 (+119.2%), from €5,183 to €11,361
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 | €61,528 | €89,407 | +€27,879 | +45.3% |
| Fixed assets | 21/28 | €31,277 | €29,587 | -€1,690 | -5.4% |
| Intangible fixed assets | 21 | €2,805 | €1,143 | -€1,662 | -59.3% |
| Tangible fixed assets | 22/27 | €27,244 | €27,216 | -€28 | -0.1% |
| Plant, machinery and equipment | 23 | €6,428 | €5,657 | -€771 | -12.0% |
| Furniture and vehicles | 24 | €20,106 | €20,944 | +€838 | +4.2% |
| Other tangible fixed assets | 26 | €710 | €615 | -€95 | -13.4% |
| Financial fixed assets | 28 | €1,228 | €1,228 | = | 0.0% |
| Current assets | 29/58 | €30,251 | €59,820 | +€29,569 | +97.7% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Trade receivables | 290 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €18,467 | €23,455 | +€4,988 | +27.0% |
| Trade receivables | 40 | €12,369 | €21,955 | +€9,586 | +77.5% |
| Other amounts receivable | 41 | €6,098 | €1,500 | -€4,598 | -75.4% |
| Cash at bank and in hand | 54/58 | €8,774 | €26,365 | +€17,591 | +200.5% |
| Deferred charges and accrued income | 490/1 | €3,010 | - | -€3,010 | |
| Total equity and liabilities | 10/49 | €61,528 | €89,407 | +€27,879 | +45.3% |
| Equity | 10/15 | €28,872 | €71,566 | +€42,694 | +147.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,622 | €49,622 | +€40,000 | +415.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,762 | €47,762 | +€40,000 | +515.3% |
| Profit (loss) carried forward | 14 | €13,050 | €15,744 | +€2,694 | +20.6% |
| Amounts payable | 17/49 | €32,656 | €17,841 | -€14,815 | -45.4% |
| Amounts payable after more than one year | 17 | €9,752 | €4,757 | -€4,995 | -51.2% |
| Financial debts | 170/4 | €9,752 | €4,757 | -€4,995 | -51.2% |
| Amounts payable within one year | 42/48 | €22,904 | €13,084 | -€9,820 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €4,800 | €4,995 | +€195 | +4.1% |
| Trade debts | 44 | €4,667 | €5,826 | +€1,159 | +24.8% |
| Suppliers | 440/4 | €4,667 | €5,826 | +€1,159 | +24.8% |
| Advances received on contracts in progress | 46 | €3,000 | €1,190 | -€1,810 | -60.3% |
| Taxes, remuneration and social security | 45 | €10,437 | €333 | -€10,104 | -96.8% |
| Remuneration and social security | 454/9 | €10,437 | €333 | -€10,104 | -96.8% |
| Other amounts payable | 47/48 | - | €740 | +€740 | |
| Remuneration, social security and pensions | 62 | €131,364 | €124,365 | -€6,999 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,101 | €15,872 | -€1,229 | -7.2% |
| Other operating charges | 640/8 | €5,183 | €11,361 | +€6,178 | +119.2% |
| Gross operating margin | 9900 | €173,912 | €210,105 | +€36,193 | +20.8% |
| Operating profit (loss) | 9901 | €20,264 | €58,507 | +€38,243 | +188.7% |
| Financial charges | 65/66B | €303 | €616 | +€313 | +103.3% |
| Recurring financial charges | 65 | €303 | €616 | +€313 | +103.3% |
| Profit (loss) for the period before taxes | 9903 | €19,961 | €57,891 | +€37,930 | +190.0% |
| Income taxes | 67/77 | €6,911 | €15,197 | +€8,286 | +119.9% |
| Profit (loss) for the period | 9904 | €13,050 | €42,694 | +€29,644 | +227.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,050 | €42,694 | +€29,644 | +227.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.