IZAR: what changed
What changed
IZAR
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€522,761
2024 · €219,410+€303,352
Equity
€741,438
2024 · €219,510+€521,928
Cash
€811,190
2024 · €330,955+€480,235
Balance sheet total
€917,717
2024 · €435,658+€482,060
Largest movements
Assets
- Cash +€480,235
up €480,235 (+145%), from €330,955 to €811,190
mainly Net result for the year (+€522,761) and Trade debts (+€49,442)
Equity and liabilities
- Reserves +€507,850
up €507,850 (+234%), from €217,350 to €725,200
of which Tax-exempt reserves: +€357,850
- Other debts -€76,632
down €76,632 (-99.2%), from €77,215 to €583
- Trade debts +€49,442
up €49,442 (+132%), from €37,473 to €86,915
- Profit (loss) carried forward +€14,078
up €14,078 (+684%), from €2,060 to €16,138
- Tax, wage and social debts -€12,679
down €12,679 (-12.5%), from €101,461 to €88,781
Income statement
- Gross operating margin +€419,000
up €419,000 (+140%), from €300,340 to €719,339
- Taxes +€107,997
up €107,997 (+142%), from €75,852 to €183,848
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€219,410
Gross operating margin
+€419,000
Depreciation
-€5,685
Other operating charges
-€392
Financial income
+€94
Financial charges
-€1,668
Taxes
-€107,997
Result 2025
€522,761
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€485,538
Investment
-€4,470
Financing
-€833
Cash 2024
€330,955
From operations (derived)
+€485,538
Net result for the year
+€522,761
Depreciation
+€10,766
Receivables within one year
-€2,982
Deferred charges and accrued income
-€5,138
Trade debts
+€49,442
Tax, wage and social debts
-€12,679
Other debts
-€76,632
Investment (derived)
-€4,470
Investment in fixed assets (net)
-€4,470
Financing
-€833
Contributions, distributions and other
-€833
Cash 2025
€811,190
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,658 | €917,717 | +€482,060 | +111% |
| Fixed assets | 21/28 | €46,092 | €39,797 | -€6,296 | -13.7% |
| Tangible fixed assets | 22/27 | €46,092 | €39,797 | -€6,296 | -13.7% |
| Furniture and vehicles | 24 | €46,092 | €39,797 | -€6,296 | -13.7% |
| Current assets | 29/58 | €389,565 | €877,921 | +€488,355 | +125% |
| Amounts receivable within one year | 40/41 | €56,886 | €59,868 | +€2,982 | +5.2% |
| Trade receivables | 40 | €56,786 | €59,129 | +€2,342 | +4.1% |
| Other amounts receivable | 41 | €100 | €739 | +€639 | +639% |
| Cash at bank and in hand | 54/58 | €330,955 | €811,190 | +€480,235 | +145% |
| Deferred charges and accrued income | 490/1 | €1,724 | €6,862 | +€5,138 | +298% |
| Total equity and liabilities | 10/49 | €435,658 | €917,717 | +€482,060 | +111% |
| Equity | 10/15 | €219,510 | €741,438 | +€521,928 | +238% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €217,350 | €725,200 | +€507,850 | +234% |
| Tax-exempt reserves | 132 | €147,350 | €505,200 | +€357,850 | +243% |
| Distributable reserves | 133 | €70,000 | €220,000 | +€150,000 | +214% |
| Profit (loss) carried forward | 14 | €2,060 | €16,138 | +€14,078 | +684% |
| Amounts payable | 17/49 | €216,148 | €176,279 | -€39,869 | -18.4% |
| Amounts payable within one year | 42/48 | €216,148 | €176,279 | -€39,869 | -18.4% |
| Trade debts | 44 | €37,473 | €86,915 | +€49,442 | +132% |
| Suppliers | 440/4 | €37,473 | €86,915 | +€49,442 | +132% |
| Taxes, remuneration and social security | 45 | €101,461 | €88,781 | -€12,679 | -12.5% |
| Taxes | 450/3 | €101,461 | €88,781 | -€12,679 | -12.5% |
| Other amounts payable | 47/48 | €77,215 | €583 | -€76,632 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,081 | €10,766 | +€5,685 | +112% |
| Other operating charges | 640/8 | - | €392 | +€392 | |
| Gross operating margin | 9900 | €300,340 | €719,339 | +€419,000 | +140% |
| Operating profit (loss) | 9901 | €295,259 | €708,182 | +€412,923 | +140% |
| Financial income | 75/76B | €20 | €113 | +€94 | +479% |
| Recurring financial income | 75 | €20 | €113 | +€94 | +479% |
| Financial charges | 65/66B | €17 | €1,685 | +€1,668 | +9,901% |
| Recurring financial charges | 65 | €17 | €1,685 | +€1,668 | +9,901% |
| Profit (loss) for the period before taxes | 9903 | €295,262 | €706,610 | +€411,348 | +139% |
| Income taxes | 67/77 | €75,852 | €183,848 | +€107,997 | +142% |
| Profit (loss) for the period | 9904 | €219,410 | €522,761 | +€303,352 | +138% |
| Transfer to tax-exempt reserves | 689 | €147,350 | €357,850 | +€210,500 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €72,060 | €164,911 | +€92,852 | +129% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.