IZABEN: 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.
IZABEN
Largest movements
- Receivables within one year +€10,877
up €10,877 (+38.2%), from €28,502 to €39,379
of which Trade receivables: +€12,157
- Cash +€5,380
up €5,380 (+3.2%), from €166,962 to €172,342
mainly Net result for the year (+€34,319) and Other debts (+€9,796)
- Tangible fixed assets +€5,123
up €5,123 (+16.7%), from €30,761 to €35,884
of which Other tangible fixed assets: +€13,817
- Reserves +€13,571
up €13,571 (+8.8%), from €153,620 to €167,191
- Other debts +€9,796
up €9,796 (+20.9%), from €46,776 to €56,573
- Tax, wage and social debts -€6,079
down €6,079 (-38.2%), from €15,903 to €9,823
of which Remuneration and social security: -€6,836
- Gross operating margin -€27,923
down €27,923 (-31.2%), from €89,480 to €61,556
- Taxes -€8,813
down €8,813 (-39.2%), from €22,507 to €13,695
- Other operating charges -€1,522
down €1,522 (-51.2%), from €2,971 to €1,449
- Depreciation +€1,323
up €1,323 (+15.7%), from €8,420 to €9,743
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 | €232,255 | €251,912 | +€19,657 | +8.5% |
| Fixed assets | 21/28 | €30,881 | €36,004 | +€5,123 | +16.6% |
| Tangible fixed assets | 22/27 | €30,761 | €35,884 | +€5,123 | +16.7% |
| Furniture and vehicles | 24 | €27,969 | €19,274 | -€8,695 | -31.1% |
| Other tangible fixed assets | 26 | €2,792 | €16,610 | +€13,817 | +495% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €201,374 | €215,908 | +€14,534 | +7.2% |
| Amounts receivable within one year | 40/41 | €28,502 | €39,379 | +€10,877 | +38.2% |
| Trade receivables | 40 | €23,369 | €35,525 | +€12,157 | +52.0% |
| Other amounts receivable | 41 | €5,134 | €3,854 | -€1,280 | -24.9% |
| Cash at bank and in hand | 54/58 | €166,962 | €172,342 | +€5,380 | +3.2% |
| Deferred charges and accrued income | 490/1 | €5,910 | €4,186 | -€1,723 | -29.2% |
| Total equity and liabilities | 10/49 | €232,255 | €251,912 | +€19,657 | +8.5% |
| Equity | 10/15 | €155,620 | €169,191 | +€13,571 | +8.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €153,620 | €167,191 | +€13,571 | +8.8% |
| Distributable reserves | 133 | €153,620 | €167,191 | +€13,571 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,635 | €82,721 | +€6,086 | +7.9% |
| Amounts payable within one year | 42/48 | €75,083 | €80,463 | +€5,380 | +7.2% |
| Trade debts | 44 | €12,404 | €14,067 | +€1,663 | +13.4% |
| Suppliers | 440/4 | €12,404 | €14,067 | +€1,663 | +13.4% |
| Taxes, remuneration and social security | 45 | €15,903 | €9,823 | -€6,079 | -38.2% |
| Taxes | 450/3 | €9,067 | €9,823 | +€757 | +8.3% |
| Remuneration and social security | 454/9 | €6,836 | €0 | -€6,836 | -100% |
| Other amounts payable | 47/48 | €46,776 | €56,573 | +€9,796 | +20.9% |
| Accrued charges and deferred income | 492/3 | €1,552 | €2,258 | +€706 | +45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,420 | €9,743 | +€1,323 | +15.7% |
| Other operating charges | 640/8 | €2,971 | €1,449 | -€1,522 | -51.2% |
| Gross operating margin | 9900 | €89,480 | €61,556 | -€27,923 | -31.2% |
| Operating profit (loss) | 9901 | €78,089 | €50,364 | -€27,725 | -35.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,455 | €2,351 | -€104 | -4.2% |
| Recurring financial charges | 65 | €2,455 | €2,351 | -€104 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €75,635 | €48,014 | -€27,621 | -36.5% |
| Income taxes | 67/77 | €22,507 | €13,695 | -€8,813 | -39.2% |
| Profit (loss) for the period | 9904 | €53,127 | €34,319 | -€18,808 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,127 | €34,319 | -€18,808 | -35.4% |
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 25 October 2026 via checked.be.