iQ Process: 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.
iQ Process
Largest movements
- Receivables within one year -€505,291
down €505,291 (-96.1%), from €525,882 to €20,591
of which Trade receivables: -€517,530
- Cash +€260,822
up €260,822 (+58.6%), from €445,298 to €706,120
mainly Receivables within one year (+€505,291) and Net result for the year (+€6,274)
- Accrued charges and deferred income -€140,000
down €140,000 (-100.0%), from €140,000 to €0
- Trade debts -€78,004
down €78,004 (-16.1%), from €485,714 to €407,710
- Tax, wage and social debts -€34,869
down €34,869 (-72.5%), from €48,084 to €13,215
of which Taxes: -€28,898
- Gross operating margin +€13,557
up €13,557 (+14.1%), from €96,245 to €109,802
- Staff costs +€9,672
up €9,672 (+10.6%), from €90,960 to €100,632
- Financial income +€3,008
up €3,008 (+184.2%), from €1,633 to €4,640
- Taxes +€1,865
up €1,865 (+71.0%), from €2,625 to €4,490
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 | €985,813 | €739,084 | -€246,729 | -25.0% |
| Fixed assets | 21/28 | €2,012 | €919 | -€1,093 | -54.3% |
| Tangible fixed assets | 22/27 | €2,012 | €919 | -€1,093 | -54.3% |
| Plant, machinery and equipment | 23 | €2,012 | €919 | -€1,093 | -54.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €983,801 | €738,165 | -€245,636 | -25.0% |
| Amounts receivable within one year | 40/41 | €525,882 | €20,591 | -€505,291 | -96.1% |
| Trade receivables | 40 | €520,022 | €2,492 | -€517,530 | -99.5% |
| Other amounts receivable | 41 | €5,860 | €18,099 | +€12,239 | +208.8% |
| Cash at bank and in hand | 54/58 | €445,298 | €706,120 | +€260,822 | +58.6% |
| Deferred charges and accrued income | 490/1 | €12,621 | €11,453 | -€1,168 | -9.3% |
| Total equity and liabilities | 10/49 | €985,813 | €739,084 | -€246,729 | -25.0% |
| Equity | 10/15 | €309,370 | €315,644 | +€6,274 | +2.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €284,370 | €290,644 | +€6,274 | +2.2% |
| Distributable reserves | 133 | €284,370 | €290,644 | +€6,274 | +2.2% |
| Amounts payable | 17/49 | €676,443 | €423,440 | -€253,003 | -37.4% |
| Amounts payable within one year | 42/48 | €536,443 | €423,440 | -€113,003 | -21.1% |
| Financial debts | 43 | €2,645 | €2,515 | -€130 | -4.9% |
| Credit institutions | 430/8 | €2,645 | €2,515 | -€130 | -4.9% |
| Trade debts | 44 | €485,714 | €407,710 | -€78,004 | -16.1% |
| Suppliers | 440/4 | €485,714 | €407,710 | -€78,004 | -16.1% |
| Taxes, remuneration and social security | 45 | €48,084 | €13,215 | -€34,869 | -72.5% |
| Taxes | 450/3 | €31,617 | €2,720 | -€28,898 | -91.4% |
| Remuneration and social security | 454/9 | €16,466 | €10,495 | -€5,971 | -36.3% |
| Accrued charges and deferred income | 492/3 | €140,000 | €0 | -€140,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €90,960 | €100,632 | +€9,672 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,304 | €1,093 | -€211 | -16.2% |
| Other operating charges | 640/8 | €1,210 | €1,733 | +€523 | +43.2% |
| Gross operating margin | 9900 | €96,245 | €109,802 | +€13,557 | +14.1% |
| Operating profit (loss) | 9901 | €2,770 | €6,343 | +€3,572 | +128.9% |
| Financial income | 75/76B | €1,633 | €4,640 | +€3,008 | +184.2% |
| Recurring financial income | 75 | €1,633 | €4,640 | +€3,008 | +184.2% |
| Financial charges | 65/66B | €229 | €219 | -€10 | -4.4% |
| Recurring financial charges | 65 | €229 | €219 | -€10 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €4,174 | €10,764 | +€6,590 | +157.9% |
| Income taxes | 67/77 | €2,625 | €4,490 | +€1,865 | +71.0% |
| Profit (loss) for the period | 9904 | €1,549 | €6,274 | +€4,725 | +305.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,549 | €6,274 | +€4,725 | +305.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.