IUS-D: 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.
IUS-D
Largest movements
- Current investments +€35,500
new in 2025: €35,500
- Financial fixed assets +€16,919
up €16,919 (+8.5%), from €200,208 to €217,127
- Cash -€13,985
down €13,985 (-29.0%), from €48,212 to €34,228
mainly Contributions, distributions and other (-€143,247) and Current investments (-€35,500)
- Receivables within one year -€10,049
down €10,049 (-65.1%), from €15,439 to €5,390
of which Trade receivables: -€13,392
- Other debts +€121,760
up €121,760, from €0 to €121,760
- Reserves -€103,874
down €103,874 (-48.2%), from €215,631 to €111,757
of which Distributable reserves: -€103,874
- Tax, wage and social debts +€28,603
up €28,603 (+1,781%), from €1,606 to €30,209
- Current portion of long-term debt -€14,187
down €14,187 (-64.1%), from €22,118 to €7,931
- Debts after one year -€7,931
down €7,931 (-100%), from €7,931 to €0
- Gross operating margin -€16,003
down €16,003 (-50.2%), from €31,890 to €15,887
- Financial income +€4,272
up €4,272 (+11.4%), from €37,355 to €41,627
- Depreciation -€713
down €713 (-22.0%), from €3,236 to €2,522
- Financial charges -€528
down €528 (-34.3%), from €1,540 to €1,013
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 | €270,055 | €296,202 | +€26,146 | +9.7% |
| Fixed assets | 21/28 | €206,349 | €220,745 | +€14,397 | +7.0% |
| Intangible fixed assets | 21 | €1,548 | €0 | -€1,548 | -100% |
| Tangible fixed assets | 22/27 | €4,594 | €3,619 | -€975 | -21.2% |
| Land and buildings | 22 | €2,129 | €1,741 | -€389 | -18.3% |
| Plant, machinery and equipment | 23 | €2,104 | €1,878 | -€226 | -10.7% |
| Furniture and vehicles | 24 | €360 | €0 | -€360 | -100% |
| Financial fixed assets | 28 | €200,208 | €217,127 | +€16,919 | +8.5% |
| Current assets | 29/58 | €63,707 | €75,456 | +€11,750 | +18.4% |
| Amounts receivable within one year | 40/41 | €15,439 | €5,390 | -€10,049 | -65.1% |
| Trade receivables | 40 | €13,400 | €8 | -€13,392 | -99.9% |
| Other amounts receivable | 41 | €2,039 | €5,382 | +€3,343 | +164% |
| Current investments | 50/53 | - | €35,500 | +€35,500 | |
| Cash at bank and in hand | 54/58 | €48,212 | €34,228 | -€13,985 | -29.0% |
| Deferred charges and accrued income | 490/1 | €55 | €338 | +€284 | +519% |
| Total equity and liabilities | 10/49 | €270,055 | €296,202 | +€26,146 | +9.7% |
| Equity | 10/15 | €234,824 | €130,950 | -€103,874 | -44.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,631 | €111,757 | -€103,874 | -48.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €215,631 | €111,757 | -€103,874 | -48.2% |
| Profit (loss) carried forward | 14 | €593 | €593 | = | 0.0% |
| Amounts payable | 17/49 | €35,231 | €165,252 | +€130,020 | +369% |
| Amounts payable after more than one year | 17 | €7,931 | €0 | -€7,931 | -100% |
| Financial debts | 170/4 | €7,931 | €0 | -€7,931 | -100% |
| Amounts payable within one year | 42/48 | €27,300 | €165,252 | +€137,952 | +505% |
| Current portion of amounts payable after more than one year | 42 | €22,118 | €7,931 | -€14,187 | -64.1% |
| Financial debts | 43 | €2,316 | €2,049 | -€267 | -11.5% |
| Credit institutions | 430/8 | €2,316 | €2,049 | -€267 | -11.5% |
| Trade debts | 44 | €1,260 | €3,302 | +€2,042 | +162% |
| Suppliers | 440/4 | €1,260 | €3,302 | +€2,042 | +162% |
| Taxes, remuneration and social security | 45 | €1,606 | €30,209 | +€28,603 | +1,781% |
| Taxes | 450/3 | €1,606 | €30,209 | +€28,603 | +1,781% |
| Other amounts payable | 47/48 | €0 | €121,760 | +€121,760 | |
| Non-recurring operating income | 76A | €5,353 | €0 | -€5,353 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,236 | €2,522 | -€713 | -22.0% |
| Other operating charges | 640/8 | €1,230 | €1,470 | +€240 | +19.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €31,890 | €15,887 | -€16,003 | -50.2% |
| Operating profit (loss) | 9901 | €27,424 | €11,894 | -€15,530 | -56.6% |
| Financial income | 75/76B | €37,355 | €41,627 | +€4,272 | +11.4% |
| Recurring financial income | 75 | €37,355 | €41,627 | +€4,272 | +11.4% |
| Financial charges | 65/66B | €1,540 | €1,013 | -€528 | -34.3% |
| Recurring financial charges | 65 | €1,540 | €1,013 | -€528 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €63,239 | €52,508 | -€10,730 | -17.0% |
| Income taxes | 67/77 | €13,437 | €13,135 | -€302 | -2.2% |
| Profit (loss) for the period | 9904 | €49,802 | €39,373 | -€10,429 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,802 | €39,373 | -€10,429 | -20.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.