IUSINVEST: 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.
IUSINVEST
Largest movements
- Tangible fixed assets +€325,506
up €325,506 (+16.6%), from €2.0m to €2.3m
of which Furniture and vehicles: +€375,295
- Cash -€195,857
down €195,857 (-91.9%), from €213,152 to €17,295
mainly Investment in fixed assets (net) (-€386,658) and Contributions, distributions and other (-€127,935)
- Short-term financial debts +€249,890
up €249,890 (+1,829%), from €13,663 to €263,553
- Debts after one year -€118,411
down €118,411 (-40.0%), from €295,713 to €177,302
- Current portion of long-term debt -€33,218
down €33,218 (-54.0%), from €61,543 to €28,324
- Other debts +€27,586
up €27,586 (+25.9%), from €106,382 to €133,967
- Gross operating margin -€463,203
down €463,203 (-59.5%), from €778,323 to €315,120
- Turnover +€104,459
up €104,459 (+24.3%), from €429,693 to €534,152
- Taxes -€38,187
down €38,187 (-44.8%), from €85,260 to €47,074
- Purchases and services +€34,183
up €34,183 (+18.2%), from €188,252 to €222,435
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 | €2,178,804 | €2,316,446 | +€137,642 | +6.3% |
| Fixed assets | 21/28 | €1,959,088 | €2,284,594 | +€325,506 | +16.6% |
| Tangible fixed assets | 22/27 | €1,959,088 | €2,284,594 | +€325,506 | +16.6% |
| Land and buildings | 22 | €1,505,589 | €1,455,478 | -€50,111 | -3.3% |
| Plant, machinery and equipment | 23 | €1,841 | €2,164 | +€323 | +17.6% |
| Furniture and vehicles | 24 | €451,658 | €826,952 | +€375,295 | +83.1% |
| Current assets | 29/58 | €219,716 | €31,852 | -€187,864 | -85.5% |
| Cash at bank and in hand | 54/58 | €213,152 | €17,295 | -€195,857 | -91.9% |
| Deferred charges and accrued income | 490/1 | €6,564 | €14,557 | +€7,993 | +122% |
| Total equity and liabilities | 10/49 | €2,178,804 | €2,316,446 | +€137,642 | +6.3% |
| Equity | 10/15 | €1,683,000 | €1,680,808 | -€2,192 | -0.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,658,000 | €1,655,808 | -€2,192 | -0.1% |
| Tax-exempt reserves | 132 | €18,580 | €18,580 | = | 0.0% |
| Distributable reserves | 133 | €1,639,420 | €1,637,228 | -€2,192 | -0.1% |
| Amounts payable | 17/49 | €495,804 | €635,638 | +€139,834 | +28.2% |
| Amounts payable after more than one year | 17 | €295,713 | €177,302 | -€118,411 | -40.0% |
| Financial debts | 170/4 | €295,713 | €177,302 | -€118,411 | -40.0% |
| Amounts payable within one year | 42/48 | €199,924 | €452,979 | +€253,055 | +127% |
| Current portion of amounts payable after more than one year | 42 | €61,543 | €28,324 | -€33,218 | -54.0% |
| Financial debts | 43 | €13,663 | €263,553 | +€249,890 | +1,829% |
| Credit institutions | 430/8 | €13,663 | €263,553 | +€249,890 | +1,829% |
| Trade debts | 44 | €14,926 | €18,341 | +€3,415 | +22.9% |
| Suppliers | 440/4 | €14,926 | €18,341 | +€3,415 | +22.9% |
| Taxes, remuneration and social security | 45 | €3,411 | €8,793 | +€5,382 | +158% |
| Taxes | 450/3 | €1,760 | €7,074 | +€5,314 | +302% |
| Remuneration and social security | 454/9 | €1,651 | €1,719 | +€68 | +4.1% |
| Other amounts payable | 47/48 | €106,382 | €133,967 | +€27,586 | +25.9% |
| Accrued charges and deferred income | 492/3 | €167 | €5,357 | +€5,190 | +3,107% |
| Turnover | 70 | €429,693 | €534,152 | +€104,459 | +24.3% |
| Non-recurring operating income | 76A | €535,000 | - | -€535,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €188,252 | €222,435 | +€34,183 | +18.2% |
| Remuneration, social security and pensions | 62 | €56,914 | €57,162 | +€248 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,671 | €61,152 | +€6,481 | +11.9% |
| Other operating charges | 640/8 | €10,240 | €12,382 | +€2,143 | +20.9% |
| Gross operating margin | 9900 | €778,323 | €315,120 | -€463,203 | -59.5% |
| Operating profit (loss) | 9901 | €656,498 | €184,424 | -€472,074 | -71.9% |
| Financial charges | 65/66B | €6,896 | €11,607 | +€4,711 | +68.3% |
| Recurring financial charges | 65 | €6,896 | €11,607 | +€4,711 | +68.3% |
| Profit (loss) for the period before taxes | 9903 | €649,602 | €172,817 | -€476,785 | -73.4% |
| Income taxes | 67/77 | €85,260 | €47,074 | -€38,187 | -44.8% |
| Profit (loss) for the period | 9904 | €564,342 | €125,743 | -€438,599 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €564,342 | €125,743 | -€438,599 | -77.7% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.