IW-BAM: what changed
Two fiscal 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.
IW-BAM
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Tax, wage and social debts -€6,900
down €6,900 (-55.2%), from €12,499 to €5,599
- Financial income -€2,515
no longer reported in 2025 (was €2,515)
- Gross operating margin -€1,911
down €1,911 (-3.2%), from €60,144 to €58,233
- Taxes -€926
down €926 (-9.3%), from €9,999 to €9,074
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 | €466,774 | €462,292 | -€4,482 | -1.0% |
| Fixed assets | 21/28 | €439,739 | €438,123 | -€1,615 | -0.4% |
| Intangible fixed assets | 21 | €12,036 | €10,736 | -€1,300 | -10.8% |
| Tangible fixed assets | 22/27 | €318 | €3 | -€315 | -99.2% |
| Furniture and vehicles | 24 | €318 | €3 | -€315 | -99.2% |
| Financial fixed assets | 28 | €427,385 | €427,385 | = | 0.0% |
| Current assets | 29/58 | €27,035 | €24,169 | -€2,867 | -10.6% |
| Amounts receivable within one year | 40/41 | €3,587 | €926 | -€2,661 | -74.2% |
| Other amounts receivable | 41 | €3,587 | €926 | -€2,661 | -74.2% |
| Cash at bank and in hand | 54/58 | €23,448 | €23,242 | -€206 | -0.9% |
| Total equity and liabilities | 10/49 | €466,774 | €462,292 | -€4,482 | -1.0% |
| Equity | 10/15 | €4,800 | €4,800 | = | 0.0% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Amounts payable | 17/49 | €461,974 | €457,492 | -€4,482 | -1.0% |
| Amounts payable after more than one year | 17 | €280,000 | €280,000 | = | 0.0% |
| Financial debts | 170/4 | €280,000 | €280,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €173,326 | €168,397 | -€4,929 | -2.8% |
| Trade debts | 44 | €1,076 | €1,531 | +€455 | +42.3% |
| Suppliers | 440/4 | €1,076 | €1,531 | +€455 | +42.3% |
| Taxes, remuneration and social security | 45 | €12,499 | €5,599 | -€6,900 | -55.2% |
| Taxes | 450/3 | €12,499 | €5,599 | -€6,900 | -55.2% |
| Other amounts payable | 47/48 | €159,751 | €161,266 | +€1,516 | +0.9% |
| Accrued charges and deferred income | 492/3 | €8,648 | €9,095 | +€447 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,280 | €1,615 | +€336 | +26.2% |
| Other operating charges | 640/8 | €772 | €781 | +€9 | +1.2% |
| Gross operating margin | 9900 | €60,144 | €58,233 | -€1,911 | -3.2% |
| Operating profit (loss) | 9901 | €58,092 | €55,836 | -€2,256 | -3.9% |
| Financial income | 75/76B | €2,515 | - | -€2,515 | |
| Recurring financial income | 75 | €2,515 | - | -€2,515 | |
| Financial charges | 65/66B | €8,615 | €8,538 | -€77 | -0.9% |
| Recurring financial charges | 65 | €8,615 | €8,538 | -€77 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €51,992 | €47,298 | -€4,693 | -9.0% |
| Income taxes | 67/77 | €9,999 | €9,074 | -€926 | -9.3% |
| Profit (loss) for the period | 9904 | €41,992 | €38,225 | -€3,767 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,992 | €38,225 | -€3,767 | -9.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.