IQ-MANAGEMENT: 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
IQ-MANAGEMENT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€94,167
2024 · €86,162+€8,005
Equity
€1.4m
2024 · €1.3m+€94,167
Cash
€3,369
2024 · €5,640-€2,271
Balance sheet total
€4.3m
2024 · €4.4m-€113,435
Largest movements
Assets
- Tangible fixed assets -€57,483
down €57,483 (-9.5%), from €605,766 to €548,283
Equity and liabilities
- Other debts -€125,217
down €125,217 (-4.6%), from €2.7m to €2.6m
- Reserves +€94,167
up €94,167 (+9.6%), from €982,232 to €1.1m
- Debts after one year -€74,056
down €74,056 (-28.1%), from €263,536 to €189,480
Income statement
- Financial charges -€22,475
down €22,475 (-39.1%), from €57,463 to €34,988
- Gross operating margin -€9,343
down €9,343 (-3.8%), from €243,622 to €234,279
- Taxes +€4,580
up €4,580 (+13.6%), from €33,633 to €38,213
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
€86,162
Gross operating margin
-€9,343
Depreciation
-€2,120
Other operating charges
+€1,702
Financial income
-€130
Financial charges
+€22,475
Taxes
-€4,580
Result 2025
€94,167
raises the resultlowers the result
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
+€35,918
Investment
+€30,441
Financing
-€68,629
Cash 2024
€5,640
From operations (derived)
+€35,918
Net result for the year
+€94,167
Depreciation
+€62,646
Receivables within one year
+€16,758
Deferred charges and accrued income
+€1,319
Trade debts
+€3,694
Tax, wage and social debts
-€14,787
Other debts
-€125,217
Accrued charges and deferred income
-€2,662
Investment (derived)
+€30,441
Investment in fixed assets (net)
+€30,441
Financing
-€68,629
Debts after one year
-€74,056
Current portion of long-term debt
+€3,457
Short-term financial debts
+€1,970
Cash 2025
€3,369
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,388,362 | €4,274,927 | -€113,435 | -2.6% |
| Fixed assets | 21/28 | €4,325,467 | €4,232,380 | -€93,087 | -2.2% |
| Tangible fixed assets | 22/27 | €605,766 | €548,283 | -€57,483 | -9.5% |
| Land and buildings | 22 | €450,547 | €437,347 | -€13,200 | -2.9% |
| Plant, machinery and equipment | 23 | €75,202 | €50,335 | -€24,867 | -33.1% |
| Furniture and vehicles | 24 | €80,016 | €60,601 | -€19,415 | -24.3% |
| Financial fixed assets | 28 | €3,719,701 | €3,684,097 | -€35,604 | -1.0% |
| Current assets | 29/58 | €62,895 | €42,547 | -€20,348 | -32.4% |
| Amounts receivable within one year | 40/41 | €51,552 | €34,794 | -€16,758 | -32.5% |
| Trade receivables | 40 | €51,552 | €34,794 | -€16,758 | -32.5% |
| Cash at bank and in hand | 54/58 | €5,640 | €3,369 | -€2,271 | -40.3% |
| Deferred charges and accrued income | 490/1 | €5,703 | €4,384 | -€1,319 | -23.1% |
| Total equity and liabilities | 10/49 | €4,388,362 | €4,274,927 | -€113,435 | -2.6% |
| Equity | 10/15 | €1,282,232 | €1,376,399 | +€94,167 | +7.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €982,232 | €1,076,399 | +€94,167 | +9.6% |
| Distributable reserves | 133 | €982,232 | €1,076,399 | +€94,167 | +9.6% |
| Amounts payable | 17/49 | €3,106,130 | €2,898,528 | -€207,602 | -6.7% |
| Amounts payable after more than one year | 17 | €263,536 | €189,480 | -€74,056 | -28.1% |
| Financial debts | 170/4 | €263,536 | €189,480 | -€74,056 | -28.1% |
| Amounts payable within one year | 42/48 | €2,838,166 | €2,707,282 | -€130,884 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €70,599 | €74,056 | +€3,457 | +4.9% |
| Financial debts | 43 | €18,127 | €20,097 | +€1,970 | +10.9% |
| Credit institutions | 430/8 | €18,127 | €20,097 | +€1,970 | +10.9% |
| Trade debts | 44 | €2,473 | €6,167 | +€3,694 | +149% |
| Suppliers | 440/4 | €2,473 | €6,167 | +€3,694 | +149% |
| Taxes, remuneration and social security | 45 | €44,111 | €29,323 | -€14,787 | -33.5% |
| Taxes | 450/3 | €44,111 | €29,323 | -€14,787 | -33.5% |
| Other amounts payable | 47/48 | €2,702,856 | €2,577,639 | -€125,217 | -4.6% |
| Accrued charges and deferred income | 492/3 | €4,428 | €1,766 | -€2,662 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,527 | €62,646 | +€2,120 | +3.5% |
| Other operating charges | 640/8 | €5,967 | €4,265 | -€1,702 | -28.5% |
| Gross operating margin | 9900 | €243,622 | €234,279 | -€9,343 | -3.8% |
| Operating profit (loss) | 9901 | €177,128 | €167,368 | -€9,760 | -5.5% |
| Financial income | 75/76B | €130 | €0 | -€130 | -99.9% |
| Recurring financial income | 75 | €130 | €0 | -€130 | -99.9% |
| Financial charges | 65/66B | €57,463 | €34,988 | -€22,475 | -39.1% |
| Recurring financial charges | 65 | €57,463 | €34,988 | -€22,475 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €119,795 | €132,380 | +€12,584 | +10.5% |
| Income taxes | 67/77 | €33,633 | €38,213 | +€4,580 | +13.6% |
| Profit (loss) for the period | 9904 | €86,162 | €94,167 | +€8,005 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,162 | €94,167 | +€8,005 | +9.3% |
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 31 October 2026 via checked.be.