IoT-D: 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.
IoT-D
Largest movements
- Deferred charges and accrued income -€22,227
down €22,227 (-60.2%), from €36,935 to €14,708
- Cash +€4,521
up €4,521 (+197.6%), from €2,288 to €6,809
mainly Deferred charges and accrued income (+€22,227) and Trade debts (+€15,566)
- Trade debts +€15,566
up €15,566 (+93.9%), from €16,578 to €32,143
- Tax, wage and social debts -€13,882
down €13,882 (-18.5%), from €75,063 to €61,181
of which Remuneration and social security: -€9,208
- Accrued charges and deferred income -€12,640
down €12,640 (-74.6%), from €16,948 to €4,307
- Profit (loss) carried forward -€7,913
down €7,913 (-4.8%), from €164,919 to €157,007
- Staff costs -€145,196
down €145,196 (-49.6%), from €292,965 to €147,769
- Gross operating margin -€132,773
down €132,773 (-48.2%), from €275,475 to €142,702
- Financial income -€35,929
down €35,929 (-99.8%), from €36,000 to €71
- Depreciation -€10,551
down €10,551 (-85.4%), from €12,356 to €1,805
- Write-downs -€9,613
down €9,613 (-100.0%), from €9,613 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,507 | €374,496 | -€21,011 | -5.3% |
| Fixed assets | 21/28 | €304,580 | €302,775 | -€1,805 | -0.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,980 | €175 | -€1,805 | -91.2% |
| Plant, machinery and equipment | 23 | €1,247 | €145 | -€1,102 | -88.4% |
| Furniture and vehicles | 24 | €733 | €30 | -€703 | -95.9% |
| Financial fixed assets | 28 | €302,600 | €302,600 | = | 0.0% |
| Current assets | 29/58 | €90,927 | €71,722 | -€19,205 | -21.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €51,704 | €50,205 | -€1,499 | -2.9% |
| Trade receivables | 40 | €49,322 | €48,502 | -€820 | -1.7% |
| Other amounts receivable | 41 | €2,382 | €1,703 | -€679 | -28.5% |
| Cash at bank and in hand | 54/58 | €2,288 | €6,809 | +€4,521 | +197.6% |
| Deferred charges and accrued income | 490/1 | €36,935 | €14,708 | -€22,227 | -60.2% |
| Total equity and liabilities | 10/49 | €395,507 | €374,496 | -€21,011 | -5.3% |
| Equity | 10/15 | €177,589 | €169,676 | -€7,913 | -4.5% |
| Contributions | 10/11 | €12,670 | €12,670 | = | 0.0% |
| Contributions outside capital | 11 | €12,670 | €12,670 | = | 0.0% |
| Other | 1109/19 | €12,670 | €12,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,919 | €157,007 | -€7,913 | -4.8% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €217,918 | €204,820 | -€13,098 | -6.0% |
| Amounts payable after more than one year | 17 | €42,346 | €42,346 | = | 0.0% |
| Financial debts | 170/4 | €42,346 | €42,346 | = | 0.0% |
| Amounts payable within one year | 42/48 | €158,624 | €158,166 | -€458 | -0.3% |
| Trade debts | 44 | €16,578 | €32,143 | +€15,566 | +93.9% |
| Suppliers | 440/4 | €16,578 | €32,143 | +€15,566 | +93.9% |
| Taxes, remuneration and social security | 45 | €75,063 | €61,181 | -€13,882 | -18.5% |
| Taxes | 450/3 | €24,111 | €19,437 | -€4,674 | -19.4% |
| Remuneration and social security | 454/9 | €50,952 | €41,744 | -€9,208 | -18.1% |
| Other amounts payable | 47/48 | €66,984 | €64,842 | -€2,141 | -3.2% |
| Accrued charges and deferred income | 492/3 | €16,948 | €4,307 | -€12,640 | -74.6% |
| Remuneration, social security and pensions | 62 | €292,965 | €147,769 | -€145,196 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,356 | €1,805 | -€10,551 | -85.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,613 | €0 | -€9,613 | -100.0% |
| Other operating charges | 640/8 | €3,746 | €652 | -€3,094 | -82.6% |
| Gross operating margin | 9900 | €275,475 | €142,702 | -€132,773 | -48.2% |
| Operating profit (loss) | 9901 | -€43,206 | -€7,525 | +€35,681 | +82.6% |
| Financial income | 75/76B | €36,000 | €71 | -€35,929 | -99.8% |
| Recurring financial income | 75 | €36,000 | €71 | -€35,929 | -99.8% |
| Financial charges | 65/66B | €410 | €459 | +€49 | +11.9% |
| Recurring financial charges | 65 | €410 | €459 | +€49 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,616 | -€7,913 | -€297 | -3.9% |
| Profit (loss) for the period | 9904 | -€7,616 | -€7,913 | -€297 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,616 | -€7,913 | -€297 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.