iQeros: 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.
iQeros
Largest movements
- Receivables within one year +€46,525
up €46,525 (+54.8%), from €84,843 to €131,369
of which Other amounts receivable: +€33,751
- Cash -€13,769
down €13,769 (-27.0%), from €50,941 to €37,172
- Intangible fixed assets -€5,000
down €5,000 (-14.4%), from €34,638 to €29,638
- Financial fixed assets +€3,750
up €3,750, from €0 to €3,750
- Tangible fixed assets -€3,555
down €3,555 (-52.2%), from €6,816 to €3,261
- Profit (loss) carried forward +€36,814
up €36,814 (+67.7%), from €54,372 to €91,186
- Other debts -€21,830
down €21,830 (-67.1%), from €32,510 to €10,680
- Trade debts +€10,018
up €10,018 (+18.6%), from €53,970 to €63,988
- Staff costs +€62,357
up €62,357 (+218%), from €28,646 to €91,003
- Gross operating margin +€51,395
up €51,395 (+43.2%), from €119,019 to €170,414
- Other operating charges -€3,089
down €3,089 (-74.6%), from €4,142 to €1,053
- Taxes +€2,881
up €2,881 (+15.4%), from €18,670 to €21,551
- Financial charges +€2,751
up €2,751 (+102%), from €2,685 to €5,437
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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,508 | €214,026 | +€27,518 | +14.8% |
| Fixed assets | 21/28 | €41,455 | €36,649 | -€4,805 | -11.6% |
| Intangible fixed assets | 21 | €34,638 | €29,638 | -€5,000 | -14.4% |
| Tangible fixed assets | 22/27 | €6,816 | €3,261 | -€3,555 | -52.2% |
| Furniture and vehicles | 24 | €6,816 | €3,261 | -€3,555 | -52.2% |
| Financial fixed assets | 28 | €0 | €3,750 | +€3,750 | |
| Current assets | 29/58 | €145,054 | €177,377 | +€32,323 | +22.3% |
| Amounts receivable within one year | 40/41 | €84,843 | €131,369 | +€46,525 | +54.8% |
| Trade receivables | 40 | €81,781 | €94,555 | +€12,774 | +15.6% |
| Other amounts receivable | 41 | €3,062 | €36,814 | +€33,751 | +1,102% |
| Cash at bank and in hand | 54/58 | €50,941 | €37,172 | -€13,769 | -27.0% |
| Deferred charges and accrued income | 490/1 | €9,269 | €8,836 | -€433 | -4.7% |
| Total equity and liabilities | 10/49 | €186,508 | €214,026 | +€27,518 | +14.8% |
| Equity | 10/15 | €78,394 | €115,208 | +€36,814 | +47.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,622 | €11,622 | = | 0.0% |
| 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 | €9,762 | €9,762 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,372 | €91,186 | +€36,814 | +67.7% |
| Amounts payable | 17/49 | €108,114 | €98,819 | -€9,295 | -8.6% |
| Amounts payable within one year | 42/48 | €108,114 | €98,819 | -€9,295 | -8.6% |
| Financial debts | 43 | - | €1,270 | +€1,270 | |
| Other loans | 439 | - | €1,270 | +€1,270 | |
| Trade debts | 44 | €53,970 | €63,988 | +€10,018 | +18.6% |
| Suppliers | 440/4 | €53,970 | €63,988 | +€10,018 | +18.6% |
| Taxes, remuneration and social security | 45 | €21,634 | €22,880 | +€1,246 | +5.8% |
| Taxes | 450/3 | €12,749 | €12,006 | -€742 | -5.8% |
| Remuneration and social security | 454/9 | €8,885 | €10,874 | +€1,988 | +22.4% |
| Other amounts payable | 47/48 | €32,510 | €10,680 | -€21,830 | -67.1% |
| Remuneration, social security and pensions | 62 | €28,646 | €91,003 | +€62,357 | +218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,375 | €10,550 | +€2,175 | +26.0% |
| Other operating charges | 640/8 | €4,142 | €1,053 | -€3,089 | -74.6% |
| Non-recurring operating charges | 66A | - | €4,162 | +€4,162 | |
| Gross operating margin | 9900 | €119,019 | €170,414 | +€51,395 | +43.2% |
| Operating profit (loss) | 9901 | €77,856 | €63,647 | -€14,209 | -18.3% |
| Financial income | 75/76B | €98 | €155 | +€57 | +58.0% |
| Recurring financial income | 75 | €98 | €155 | +€57 | +58.0% |
| Financial charges | 65/66B | €2,685 | €5,437 | +€2,751 | +102% |
| Recurring financial charges | 65 | €2,685 | €5,437 | +€2,751 | +102% |
| Profit (loss) for the period before taxes | 9903 | €75,268 | €58,365 | -€16,904 | -22.5% |
| Income taxes | 67/77 | €18,670 | €21,551 | +€2,881 | +15.4% |
| Profit (loss) for the period | 9904 | €56,599 | €36,814 | -€19,785 | -35.0% |
| Transfer from tax-exempt reserves | 789 | €300 | - | -€300 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,899 | €36,814 | -€20,085 | -35.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.