IUNGO: 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.
IUNGO
Largest movements
- Cash +€85,411
up €85,411 (+133%), from €64,187 to €149,598
mainly Net result for the year (+€43,480) and Current investments (+€40,000)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Receivables within one year -€12,006
down €12,006 (-43.5%), from €27,572 to €15,567
of which Trade receivables: -€17,200
- Tangible fixed assets -€6,023
down €6,023 (-36.5%), from €16,487 to €10,464
of which Plant, machinery and equipment: -€5,072
- Reserves +€43,480
up €43,480 (+40.6%), from €106,968 to €150,448
- Trade debts -€17,332
down €17,332 (-78.8%), from €22,003 to €4,671
- Gross operating margin -€95,526
down €95,526 (-59.5%), from €160,612 to €65,086
- Taxes -€27,999
down €27,999 (-62.8%), from €44,579 to €16,579
- Financial charges -€1,648
down €1,648 (-95.9%), from €1,719 to €71
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
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 | €149,488 | €176,565 | +€27,078 | +18.1% |
| Fixed assets | 21/28 | €16,487 | €10,464 | -€6,023 | -36.5% |
| Tangible fixed assets | 22/27 | €16,487 | €10,464 | -€6,023 | -36.5% |
| Plant, machinery and equipment | 23 | €13,038 | €7,966 | -€5,072 | -38.9% |
| Furniture and vehicles | 24 | €3,449 | €2,498 | -€950 | -27.6% |
| Current assets | 29/58 | €133,001 | €166,101 | +€33,100 | +24.9% |
| Amounts receivable within one year | 40/41 | €27,572 | €15,567 | -€12,006 | -43.5% |
| Trade receivables | 40 | €25,974 | €8,774 | -€17,200 | -66.2% |
| Other amounts receivable | 41 | €1,599 | €6,793 | +€5,194 | +325% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €64,187 | €149,598 | +€85,411 | +133% |
| Deferred charges and accrued income | 490/1 | €1,242 | €937 | -€305 | -24.5% |
| Total equity and liabilities | 10/49 | €149,488 | €176,565 | +€27,078 | +18.1% |
| Equity | 10/15 | €116,968 | €160,448 | +€43,480 | +37.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €106,968 | €150,448 | +€43,480 | +40.6% |
| Distributable reserves | 133 | €106,968 | €150,448 | +€43,480 | +40.6% |
| Amounts payable | 17/49 | €32,519 | €16,117 | -€16,402 | -50.4% |
| Amounts payable within one year | 42/48 | €32,519 | €16,117 | -€16,402 | -50.4% |
| Trade debts | 44 | €22,003 | €4,671 | -€17,332 | -78.8% |
| Suppliers | 440/4 | €22,003 | €4,671 | -€17,332 | -78.8% |
| Taxes, remuneration and social security | 45 | €7,579 | €9,294 | +€1,715 | +22.6% |
| Taxes | 450/3 | €7,579 | €9,294 | +€1,715 | +22.6% |
| Other amounts payable | 47/48 | €2,937 | €2,152 | -€785 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,793 | €6,023 | -€770 | -11.3% |
| Other operating charges | 640/8 | €853 | €204 | -€649 | -76.1% |
| Gross operating margin | 9900 | €160,612 | €65,086 | -€95,526 | -59.5% |
| Operating profit (loss) | 9901 | €152,966 | €58,860 | -€94,107 | -61.5% |
| Financial income | 75/76B | €300 | €1,270 | +€970 | +324% |
| Recurring financial income | 75 | €300 | €1,270 | +€970 | +324% |
| Financial charges | 65/66B | €1,719 | €71 | -€1,648 | -95.9% |
| Recurring financial charges | 65 | €1,719 | €71 | -€1,648 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | €151,547 | €60,059 | -€91,488 | -60.4% |
| Income taxes | 67/77 | €44,579 | €16,579 | -€27,999 | -62.8% |
| Profit (loss) for the period | 9904 | €106,968 | €43,480 | -€63,489 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,968 | €43,480 | -€63,489 | -59.4% |
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 24 October 2026 via checked.be.