IUS EST ARS: 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 EST ARS
Largest movements
- Receivables within one year +€31,019
up €31,019 (+58.0%), from €53,517 to €84,537
of which Other amounts receivable: +€26,431
- Cash -€3,182
no longer reported in 2025 (was €3,182)
mainly Receivables within one year (-€31,019)
- Tangible fixed assets -€1,433
down €1,433 (-22.3%), from €6,435 to €5,002
- Reserves +€18,750
up €18,750 (+129%), from €14,518 to €33,269
- Tax, wage and social debts +€5,192
up €5,192 (+25.3%), from €20,561 to €25,753
- Accrued charges and deferred income +€1,098
up €1,098 (+114%), from €961 to €2,058
- Short-term financial debts +€1,068
new in 2025: €1,068
- Gross operating margin +€9,160
up €9,160 (+45.9%), from €19,955 to €29,114
- Taxes +€1,894
up €1,894 (+26.0%), from €7,277 to €9,171
- Other operating charges -€1,327
down €1,327 (-42.7%), from €3,106 to €1,779
- Depreciation +€703
up €703 (+96.3%), from €730 to €1,433
- Financial income +€309
up €309 (+10.9%), from €2,828 to €3,138
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 | €63,795 | €90,199 | +€26,405 | +41.4% |
| Fixed assets | 21/28 | €6,435 | €5,002 | -€1,433 | -22.3% |
| Tangible fixed assets | 22/27 | €6,435 | €5,002 | -€1,433 | -22.3% |
| Furniture and vehicles | 24 | €6,435 | €5,002 | -€1,433 | -22.3% |
| Current assets | 29/58 | €57,360 | €85,197 | +€27,838 | +48.5% |
| Amounts receivable within one year | 40/41 | €53,517 | €84,537 | +€31,019 | +58.0% |
| Trade receivables | 40 | €3,952 | €8,540 | +€4,588 | +116% |
| Other amounts receivable | 41 | €49,565 | €75,997 | +€26,431 | +53.3% |
| Cash at bank and in hand | 54/58 | €3,182 | - | -€3,182 | |
| Deferred charges and accrued income | 490/1 | €661 | €661 | = | 0.0% |
| Total equity and liabilities | 10/49 | €63,795 | €90,199 | +€26,405 | +41.4% |
| Equity | 10/15 | €33,118 | €51,869 | +€18,750 | +56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,518 | €33,269 | +€18,750 | +129% |
| Distributable reserves | 133 | €14,518 | €33,269 | +€18,750 | +129% |
| Amounts payable | 17/49 | €30,677 | €38,331 | +€7,654 | +25.0% |
| Amounts payable within one year | 42/48 | €29,716 | €36,273 | +€6,557 | +22.1% |
| Financial debts | 43 | - | €1,068 | +€1,068 | |
| Credit institutions | 430/8 | - | €1,068 | +€1,068 | |
| Trade debts | 44 | €9,155 | €9,451 | +€296 | +3.2% |
| Suppliers | 440/4 | €9,155 | €9,451 | +€296 | +3.2% |
| Taxes, remuneration and social security | 45 | €20,561 | €25,753 | +€5,192 | +25.3% |
| Taxes | 450/3 | €20,561 | €25,753 | +€5,192 | +25.3% |
| Accrued charges and deferred income | 492/3 | €961 | €2,058 | +€1,098 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €1,433 | +€703 | +96.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €255 | - | -€255 | |
| Other operating charges | 640/8 | €3,106 | €1,779 | -€1,327 | -42.7% |
| Non-recurring operating charges | 66A | €800 | €315 | -€485 | -60.6% |
| Gross operating margin | 9900 | €19,955 | €29,114 | +€9,160 | +45.9% |
| Operating profit (loss) | 9901 | €15,063 | €25,587 | +€10,524 | +69.9% |
| Financial income | 75/76B | €2,828 | €3,138 | +€309 | +10.9% |
| Recurring financial income | 75 | €2,828 | €3,138 | +€309 | +10.9% |
| Financial charges | 65/66B | €1,068 | €804 | -€264 | -24.7% |
| Recurring financial charges | 65 | €1,068 | €804 | -€264 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €16,824 | €27,921 | +€11,097 | +66.0% |
| Income taxes | 67/77 | €7,277 | €9,171 | +€1,894 | +26.0% |
| Profit (loss) for the period | 9904 | €9,547 | €18,750 | +€9,203 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,547 | €18,750 | +€9,203 | +96.4% |
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 17 October 2026 via checked.be.