Iqunet: 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.
Iqunet
Largest movements
- Cash -€65,280
down €65,280 (-58.5%), from €111,678 to €46,398
mainly Net result for the year (-€59,018) and Investment in fixed assets (net) (-€55,500)
- Receivables within one year -€24,718
down €24,718 (-72.9%), from €33,925 to €9,207
of which Trade receivables: -€24,674
- Profit (loss) carried forward -€59,018
down €59,018 (-35.5%), from -€166,051 to -€225,069
- Debts after one year -€15,056
down €15,056 (-5.2%), from €287,228 to €272,172
- Trade debts -€9,854
down €9,854 (-65.0%), from €15,155 to €5,301
- Tax, wage and social debts -€6,966
down €6,966 (-46.3%), from €15,050 to €8,084
of which Taxes: -€6,780
- Gross operating margin -€252,817
down €252,817, from €251,855 to -€962
- Staff costs -€64,315
down €64,315, from €64,262 to -€53
- Depreciation +€3,572
up €3,572 (+7.1%), from €50,188 to €53,760
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 | €304,593 | €214,144 | -€90,449 | -29.7% |
| Fixed assets | 21/28 | €91,648 | €93,389 | +€1,740 | +1.9% |
| Intangible fixed assets | 21 | €89,548 | €91,289 | +€1,740 | +1.9% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €212,945 | €120,755 | -€92,189 | -43.3% |
| Stocks and contracts in progress | 3 | €67,341 | €65,150 | -€2,191 | -3.3% |
| Stocks | 30/36 | €67,341 | €65,150 | -€2,191 | -3.3% |
| Amounts receivable within one year | 40/41 | €33,925 | €9,207 | -€24,718 | -72.9% |
| Trade receivables | 40 | €27,646 | €2,972 | -€24,674 | -89.3% |
| Other amounts receivable | 41 | €6,279 | €6,235 | -€44 | -0.7% |
| Cash at bank and in hand | 54/58 | €111,678 | €46,398 | -€65,280 | -58.5% |
| Total equity and liabilities | 10/49 | €304,593 | €214,144 | -€90,449 | -29.7% |
| Equity | 10/15 | -€27,451 | -€86,469 | -€59,018 | -215.0% |
| Contributions | 10/11 | €138,600 | €138,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,051 | -€225,069 | -€59,018 | -35.5% |
| Amounts payable | 17/49 | €332,044 | €300,613 | -€31,431 | -9.5% |
| Amounts payable after more than one year | 17 | €287,228 | €272,172 | -€15,056 | -5.2% |
| Financial debts | 170/4 | €287,228 | €272,172 | -€15,056 | -5.2% |
| Amounts payable within one year | 42/48 | €44,817 | €28,441 | -€16,376 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €14,611 | €15,056 | +€444 | +3.0% |
| Trade debts | 44 | €15,155 | €5,301 | -€9,854 | -65.0% |
| Suppliers | 440/4 | €15,155 | €5,301 | -€9,854 | -65.0% |
| Taxes, remuneration and social security | 45 | €15,050 | €8,084 | -€6,966 | -46.3% |
| Taxes | 450/3 | €7,804 | €1,024 | -€6,780 | -86.9% |
| Remuneration and social security | 454/9 | €7,246 | €7,061 | -€186 | -2.6% |
| Remuneration, social security and pensions | 62 | €64,262 | -€53 | -€64,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,188 | €53,760 | +€3,572 | +7.1% |
| Other operating charges | 640/8 | €894 | €918 | +€24 | +2.7% |
| Gross operating margin | 9900 | €251,855 | -€962 | -€252,817 | |
| Operating profit (loss) | 9901 | €136,511 | -€55,587 | -€192,098 | |
| Financial income | 75/76B | €22 | €5 | -€17 | -78.4% |
| Recurring financial income | 75 | €22 | €5 | -€17 | -78.4% |
| Financial charges | 65/66B | €3,801 | €3,436 | -€365 | -9.6% |
| Recurring financial charges | 65 | €3,801 | €3,436 | -€365 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €132,732 | -€59,018 | -€191,750 | |
| Profit (loss) for the period | 9904 | €132,732 | -€59,018 | -€191,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €132,732 | -€59,018 | -€191,750 |
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 12 October 2026 via checked.be.