IZE: 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.
IZE
Largest movements
- Receivables within one year -€381,224
down €381,224 (-71.0%), from €537,242 to €156,018
of which Other amounts receivable: -€203,664
- Tangible fixed assets -€18,321
down €18,321 (-4.0%), from €462,165 to €443,844
of which Other tangible fixed assets: -€33,745
- Deferred charges and accrued income +€15,208
up €15,208 (+540.0%), from €2,816 to €18,024
- Profit (loss) carried forward -€582,175
down €582,175 (-374.2%), from -€155,584 to -€737,759
- Trade debts +€312,608
up €312,608 (+197.1%), from €158,633 to €471,241
- Other debts +€98,232
up €98,232 (+14.3%), from €688,559 to €786,790
- Tax, wage and social debts -€89,165
no longer reported in 2024 (was €89,165)
of which Taxes: -€74,255
- Debts after one year -€58,993
down €58,993 (-85.9%), from €68,687 to €9,695
- Gross operating margin -€632,587
down €632,587, from €286,506 to -€346,081
- Write-downs +€99,011
new in 2024: €99,011
- Staff costs -€63,506
down €63,506 (-93.1%), from €68,248 to €4,742
- Financial charges -€8,423
down €8,423 (-46.3%), from €18,181 to €9,757
- Depreciation +€6,376
up €6,376 (+6.0%), from €106,319 to €112,695
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,024,031 | €649,420 | -€374,611 | -36.6% |
| Fixed assets | 21/28 | €462,165 | €447,844 | -€14,321 | -3.1% |
| Tangible fixed assets | 22/27 | €462,165 | €443,844 | -€18,321 | -4.0% |
| Plant, machinery and equipment | 23 | €185 | €2,234 | +€2,048 | +1104.8% |
| Furniture and vehicles | 24 | €138,755 | €152,130 | +€13,375 | +9.6% |
| Other tangible fixed assets | 26 | €323,225 | €289,480 | -€33,745 | -10.4% |
| Financial fixed assets | 28 | - | €4,000 | +€4,000 | |
| Current assets | 29/58 | €561,867 | €201,577 | -€360,290 | -64.1% |
| Amounts receivable within one year | 40/41 | €537,242 | €156,018 | -€381,224 | -71.0% |
| Trade receivables | 40 | €328,487 | €150,927 | -€177,560 | -54.1% |
| Other amounts receivable | 41 | €208,755 | €5,091 | -€203,664 | -97.6% |
| Cash at bank and in hand | 54/58 | €21,809 | €27,535 | +€5,726 | +26.3% |
| Deferred charges and accrued income | 490/1 | €2,816 | €18,024 | +€15,208 | +540.0% |
| Total equity and liabilities | 10/49 | €1,024,031 | €649,420 | -€374,611 | -36.6% |
| Equity | 10/15 | -€125,124 | -€707,299 | -€582,175 | -465.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €10,000 | €11,860 | +€1,860 | +18.6% |
| Profit (loss) carried forward | 14 | -€155,584 | -€737,759 | -€582,175 | -374.2% |
| Amounts payable | 17/49 | €1,149,155 | €1,356,719 | +€207,564 | +18.1% |
| Amounts payable after more than one year | 17 | €68,687 | €9,695 | -€58,993 | -85.9% |
| Financial debts | 170/4 | €68,687 | €9,695 | -€58,993 | -85.9% |
| Amounts payable within one year | 42/48 | €1,080,468 | €1,347,024 | +€266,557 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €117,111 | €58,993 | -€58,118 | -49.6% |
| Financial debts | 43 | €27,000 | €30,000 | +€3,000 | +11.1% |
| Credit institutions | 430/8 | €27,000 | €30,000 | +€3,000 | +11.1% |
| Trade debts | 44 | €158,633 | €471,241 | +€312,608 | +197.1% |
| Suppliers | 440/4 | €158,633 | €471,241 | +€312,608 | +197.1% |
| Taxes, remuneration and social security | 45 | €89,165 | - | -€89,165 | |
| Taxes | 450/3 | €74,255 | - | -€74,255 | |
| Remuneration and social security | 454/9 | €14,910 | - | -€14,910 | |
| Other amounts payable | 47/48 | €688,559 | €786,790 | +€98,232 | +14.3% |
| Non-recurring operating income | 76A | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €68,248 | €4,742 | -€63,506 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,319 | €112,695 | +€6,376 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €99,011 | +€99,011 | |
| Other operating charges | 640/8 | €2,152 | €7,805 | +€5,652 | +262.6% |
| Non-recurring operating charges | 66A | €40,000 | €2,099 | -€37,901 | -94.8% |
| Gross operating margin | 9900 | €286,506 | -€346,081 | -€632,587 | |
| Operating profit (loss) | 9901 | €69,787 | -€572,432 | -€642,219 | |
| Financial income | 75/76B | €757 | €15 | -€743 | -98.1% |
| Recurring financial income | 75 | €757 | €15 | -€743 | -98.1% |
| Financial charges | 65/66B | €18,181 | €9,757 | -€8,423 | -46.3% |
| Recurring financial charges | 65 | €18,181 | €9,757 | -€8,423 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €52,364 | -€582,175 | -€634,539 | |
| Income taxes | 67/77 | €15 | - | -€15 | |
| Profit (loss) for the period | 9904 | €52,348 | -€582,175 | -€634,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,348 | -€582,175 | -€634,523 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.