IZHAR: 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.
IZHAR
Largest movements
- Tangible fixed assets -€3,072
down €3,072 (-5.8%), from €52,711 to €49,639
of which Land and buildings: -€2,997
- Cash +€2,450
up €2,450 (+89.5%), from €2,737 to €5,187
mainly Net result for the year (+€15,195) and Other debts (+€9,018)
- Other debts +€9,018
up €9,018 (+20.3%), from €44,332 to €53,350
- Trade debts -€7,924
down €7,924 (-61.5%), from €12,888 to €4,965
- Profit (loss) carried forward -€1,805
down €1,805 (-14.5%), from -€12,453 to -€14,258
- Tax, wage and social debts -€1,053
down €1,053 (-54.7%), from €1,923 to €871
of which Remuneration and social security: -€800
- Gross operating margin +€13,926
up €13,926 (+230%), from €6,068 to €19,994
- Staff costs -€2,079
no longer reported in 2024 (was €2,079)
- Financial charges -€1,295
down €1,295 (-78.3%), from €1,655 to €360
- Other operating charges -€346
down €346 (-21.8%), from €1,585 to €1,239
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.
Derived cash bridge
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 | €67,591 | €65,827 | -€1,763 | -2.6% |
| Fixed assets | 21/28 | €52,711 | €49,639 | -€3,072 | -5.8% |
| Tangible fixed assets | 22/27 | €52,711 | €49,639 | -€3,072 | -5.8% |
| Land and buildings | 22 | €52,636 | €49,639 | -€2,997 | -5.7% |
| Plant, machinery and equipment | 23 | €75 | - | -€75 | |
| Current assets | 29/58 | €14,880 | €16,188 | +€1,308 | +8.8% |
| Stocks and contracts in progress | 3 | €11,621 | €11,001 | -€620 | -5.3% |
| Stocks | 30/36 | €11,621 | €11,001 | -€620 | -5.3% |
| Amounts receivable within one year | 40/41 | €522 | - | -€522 | |
| Other amounts receivable | 41 | €522 | - | -€522 | |
| Cash at bank and in hand | 54/58 | €2,737 | €5,187 | +€2,450 | +89.5% |
| Total equity and liabilities | 10/49 | €67,591 | €65,827 | -€1,763 | -2.6% |
| Equity | 10/15 | €8,447 | €6,642 | -€1,805 | -21.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,453 | -€14,258 | -€1,805 | -14.5% |
| Amounts payable | 17/49 | €59,144 | €59,185 | +€42 | +0.1% |
| Amounts payable within one year | 42/48 | €59,144 | €59,185 | +€42 | +0.1% |
| Trade debts | 44 | €12,888 | €4,965 | -€7,924 | -61.5% |
| Suppliers | 440/4 | €12,888 | €4,965 | -€7,924 | -61.5% |
| Taxes, remuneration and social security | 45 | €1,923 | €871 | -€1,053 | -54.7% |
| Taxes | 450/3 | €1,123 | €871 | -€253 | -22.5% |
| Remuneration and social security | 454/9 | €800 | - | -€800 | |
| Other amounts payable | 47/48 | €44,332 | €53,350 | +€9,018 | +20.3% |
| Remuneration, social security and pensions | 62 | €2,079 | - | -€2,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,072 | €3,072 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,585 | €1,239 | -€346 | -21.8% |
| Gross operating margin | 9900 | €6,068 | €19,994 | +€13,926 | +230% |
| Operating profit (loss) | 9901 | -€668 | €15,683 | +€16,351 | |
| Financial charges | 65/66B | €1,655 | €360 | -€1,295 | -78.3% |
| Recurring financial charges | 65 | €1,655 | €360 | -€1,295 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,323 | €15,323 | +€17,646 | |
| Income taxes | 67/77 | €150 | €128 | -€22 | -14.7% |
| Profit (loss) for the period | 9904 | -€2,473 | €15,195 | +€17,668 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,473 | €15,195 | +€17,668 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.