IZI: 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.
IZI
Largest movements
- Receivables within one year +€60,814
up €60,814 (+95.9%), from €63,385 to €124,200
of which Other amounts receivable: +€63,264
- Tangible fixed assets +€31,723
up €31,723 (+743%), from €4,268 to €35,991
of which Furniture and vehicles: +€31,786
- Cash +€6,743
new in 2025: €6,743
mainly Trade debts (+€58,483) and Debts after one year (+€26,210)
- Deferred charges and accrued income +€5,817
new in 2025: €5,817
- Trade debts +€58,483
up €58,483 (+362%), from €16,143 to €74,626
- Debts after one year +€26,210
new in 2025: €26,210
- Current portion of long-term debt +€13,927
new in 2025: €13,927
- Tax, wage and social debts +€4,035
up €4,035 (+63.1%), from €6,398 to €10,433
- Reserves +€2,624
up €2,624 (+5.9%), from €44,464 to €47,088
of which Distributable reserves: +€2,624
- Depreciation +€12,817
up €12,817 (+2,213%), from €579 to €13,396
- Financial income +€3,599
up €3,599 (+215%), from €1,678 to €5,277
- Taxes -€2,724
down €2,724 (-42.9%), from €6,347 to €3,623
- Other operating charges +€2,151
up €2,151 (+831%), from €259 to €2,410
- Gross operating margin +€1,459
up €1,459 (+8.0%), from €18,163 to €19,622
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 | €67,653 | €172,751 | +€105,098 | +155% |
| Fixed assets | 21/28 | €4,268 | €35,991 | +€31,723 | +743% |
| Tangible fixed assets | 22/27 | €4,268 | €35,991 | +€31,723 | +743% |
| Land and buildings | 22 | €1,989 | €1,491 | -€497 | -25.0% |
| Plant, machinery and equipment | 23 | - | €434 | +€434 | |
| Furniture and vehicles | 24 | €2,279 | €34,066 | +€31,786 | +1,395% |
| Current assets | 29/58 | €63,385 | €136,760 | +€73,374 | +116% |
| Amounts receivable within one year | 40/41 | €63,385 | €124,200 | +€60,814 | +95.9% |
| Trade receivables | 40 | €27,728 | €25,278 | -€2,450 | -8.8% |
| Other amounts receivable | 41 | €35,657 | €98,921 | +€63,264 | +177% |
| Cash at bank and in hand | 54/58 | - | €6,743 | +€6,743 | |
| Deferred charges and accrued income | 490/1 | - | €5,817 | +€5,817 | |
| Total equity and liabilities | 10/49 | €67,653 | €172,751 | +€105,098 | +155% |
| Equity | 10/15 | €42,119 | €44,742 | +€2,624 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €44,464 | €47,088 | +€2,624 | +5.9% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | - | €620 | +€620 | |
| Reserves not available under the articles | 1311 | €620 | - | -€620 | |
| Distributable reserves | 133 | €43,844 | €46,468 | +€2,624 | +6.0% |
| Profit (loss) carried forward | 14 | -€8,546 | -€8,546 | = | 0.0% |
| Amounts payable | 17/49 | €25,534 | €128,008 | +€102,474 | +401% |
| Amounts payable after more than one year | 17 | - | €26,210 | +€26,210 | |
| Financial debts | 170/4 | - | €26,210 | +€26,210 | |
| Amounts payable within one year | 42/48 | €25,534 | €101,799 | +€76,264 | +299% |
| Current portion of amounts payable after more than one year | 42 | - | €13,927 | +€13,927 | |
| Financial debts | 43 | €2,993 | €2,813 | -€180 | -6.0% |
| Credit institutions | 430/8 | €2,993 | €2,813 | -€180 | -6.0% |
| Trade debts | 44 | €16,143 | €74,626 | +€58,483 | +362% |
| Suppliers | 440/4 | €16,143 | €74,626 | +€58,483 | +362% |
| Taxes, remuneration and social security | 45 | €6,398 | €10,433 | +€4,035 | +63.1% |
| Taxes | 450/3 | €6,398 | €10,433 | +€4,035 | +63.1% |
| Remuneration, social security and pensions | 62 | €1,276 | €1,012 | -€264 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €13,396 | +€12,817 | +2,213% |
| Other operating charges | 640/8 | €259 | €2,410 | +€2,151 | +831% |
| Gross operating margin | 9900 | €18,163 | €19,622 | +€1,459 | +8.0% |
| Operating profit (loss) | 9901 | €16,048 | €2,804 | -€13,244 | -82.5% |
| Financial income | 75/76B | €1,678 | €5,277 | +€3,599 | +215% |
| Recurring financial income | 75 | €1,678 | €5,277 | +€3,599 | +215% |
| Financial charges | 65/66B | €1,546 | €1,834 | +€288 | +18.6% |
| Recurring financial charges | 65 | €1,546 | €1,834 | +€288 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €16,180 | €6,247 | -€9,933 | -61.4% |
| Income taxes | 67/77 | €6,347 | €3,623 | -€2,724 | -42.9% |
| Profit (loss) for the period | 9904 | €9,832 | €2,624 | -€7,209 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,832 | €2,624 | -€7,209 | -73.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.