IZI: 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.
IZI
Largest movements
- Cash +€98,432
up €98,432 (+61.1%), from €160,977 to €259,409
mainly Net result for the year (+€85,863) and Depreciation (+€26,552)
- Tangible fixed assets -€18,846
down €18,846 (-26.2%), from €71,801 to €52,955
of which Furniture and vehicles: -€15,402
- Receivables within one year +€7,141
up €7,141 (+46.0%), from €15,526 to €22,666
of which Other amounts receivable: +€9,949
- Intangible fixed assets -€3,500
no longer reported in 2025 (was €3,500)
- Reserves +€85,863
up €85,863 (+67.0%), from €128,117 to €213,980
- Current portion of long-term debt -€12,444
no longer reported in 2025 (was €12,444)
- Accrued charges and deferred income +€8,240
new in 2025: €8,240
- Tax, wage and social debts +€6,632
up €6,632 (+40.5%), from €16,395 to €23,028
of which Remuneration and social security: +€3,458
- Taxes +€7,867
up €7,867 (+21.1%), from €37,317 to €45,184
- Financial charges +€4,913
up €4,913 (+8.0%), from €61,421 to €66,333
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 | €258,267 | €341,391 | +€83,124 | +32.2% |
| Fixed assets | 21/28 | €75,431 | €53,085 | -€22,346 | -29.6% |
| Intangible fixed assets | 21 | €3,500 | - | -€3,500 | |
| Tangible fixed assets | 22/27 | €71,801 | €52,955 | -€18,846 | -26.2% |
| Plant, machinery and equipment | 23 | €28,891 | €23,139 | -€5,752 | -19.9% |
| Furniture and vehicles | 24 | €35,626 | €20,224 | -€15,402 | -43.2% |
| Other tangible fixed assets | 26 | €7,284 | €9,592 | +€2,308 | +31.7% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €182,836 | €288,306 | +€105,470 | +57.7% |
| Stocks and contracts in progress | 3 | €4,700 | €4,700 | = | 0.0% |
| Stocks | 30/36 | €4,700 | €4,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,526 | €22,666 | +€7,141 | +46.0% |
| Trade receivables | 40 | €12,791 | €9,983 | -€2,808 | -22.0% |
| Other amounts receivable | 41 | €2,734 | €12,683 | +€9,949 | +363.8% |
| Cash at bank and in hand | 54/58 | €160,977 | €259,409 | +€98,432 | +61.1% |
| Deferred charges and accrued income | 490/1 | €1,633 | €1,531 | -€103 | -6.3% |
| Total equity and liabilities | 10/49 | €258,267 | €341,391 | +€83,124 | +32.2% |
| Equity | 10/15 | €203,103 | €287,925 | +€84,822 | +41.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,117 | €213,980 | +€85,863 | +67.0% |
| Distributable reserves | 133 | €128,117 | €213,980 | +€85,863 | +67.0% |
| Profit (loss) carried forward | 14 | €56,386 | €55,345 | -€1,041 | -1.8% |
| Amounts payable | 17/49 | €55,164 | €53,466 | -€1,698 | -3.1% |
| Amounts payable within one year | 42/48 | €55,164 | €45,226 | -€9,938 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €12,444 | - | -€12,444 | |
| Trade debts | 44 | €22,112 | €21,059 | -€1,052 | -4.8% |
| Suppliers | 440/4 | €22,112 | €21,059 | -€1,052 | -4.8% |
| Taxes, remuneration and social security | 45 | €16,395 | €23,028 | +€6,632 | +40.5% |
| Taxes | 450/3 | €12,617 | €15,791 | +€3,174 | +25.2% |
| Remuneration and social security | 454/9 | €3,779 | €7,237 | +€3,458 | +91.5% |
| Other amounts payable | 47/48 | €4,213 | €1,139 | -€3,074 | -73.0% |
| Accrued charges and deferred income | 492/3 | - | €8,240 | +€8,240 | |
| Remuneration, social security and pensions | 62 | €101,753 | €99,511 | -€2,242 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,158 | €26,552 | +€394 | +1.5% |
| Other operating charges | 640/8 | €3,559 | €3,596 | +€38 | +1.1% |
| Non-recurring operating charges | 66A | €366 | €1,570 | +€1,204 | +328.8% |
| Gross operating margin | 9900 | €328,805 | €328,579 | -€226 | -0.1% |
| Operating profit (loss) | 9901 | €196,969 | €197,350 | +€380 | +0.2% |
| Financial income | 75/76B | €0 | €31 | +€31 | +155050.0% |
| Recurring financial income | 75 | €0 | €31 | +€31 | +155050.0% |
| Financial charges | 65/66B | €61,421 | €66,333 | +€4,913 | +8.0% |
| Recurring financial charges | 65 | €61,421 | €66,333 | +€4,913 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €135,549 | €131,047 | -€4,502 | -3.3% |
| Income taxes | 67/77 | €37,317 | €45,184 | +€7,867 | +21.1% |
| Profit (loss) for the period | 9904 | €98,232 | €85,863 | -€12,369 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,232 | €85,863 | -€12,369 | -12.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.