IZIFAC: 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.
IZIFAC
Largest movements
- Cash +€20,099
up €20,099 (+903%), from €2,226 to €22,325
mainly Net result for the year (+€20,504) and Depreciation (+€15,708)
- Tangible fixed assets +€9,463
up €9,463 (+5.3%), from €179,508 to €188,972
of which Land and buildings: +€9,380
- Receivables within one year +€3,106
up €3,106 (+36.4%), from €8,533 to €11,640
of which Trade receivables: +€4,232
- Intangible fixed assets -€2,304
down €2,304 (-80.6%), from €2,860 to €556
- Profit (loss) carried forward +€20,504
up €20,504 (+182%), from €11,270 to €31,774
- Tax, wage and social debts +€10,945
up €10,945 (+369%), from €2,966 to €13,911
of which Taxes: +€9,445
- Other debts +€10,069
up €10,069 (+27.3%), from €36,825 to €46,894
- Debts after one year -€8,811
down €8,811 (-6.8%), from €128,651 to €119,840
- Trade debts -€5,121
down €5,121 (-50.6%), from €10,120 to €4,999
- Gross operating margin +€28,599
up €28,599 (+119%), from €23,969 to €52,568
- Depreciation +€6,012
up €6,012 (+62.0%), from €9,696 to €15,708
- Taxes +€5,190
up €5,190 (+590%), from €880 to €6,069
- Other operating charges +€999
up €999 (+49.6%), from €2,014 to €3,013
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 | €197,895 | €227,504 | +€29,609 | +15.0% |
| Fixed assets | 21/28 | €182,368 | €189,527 | +€7,159 | +3.9% |
| Intangible fixed assets | 21 | €2,860 | €556 | -€2,304 | -80.6% |
| Tangible fixed assets | 22/27 | €179,508 | €188,972 | +€9,463 | +5.3% |
| Land and buildings | 22 | €175,888 | €185,268 | +€9,380 | +5.3% |
| Plant, machinery and equipment | 23 | €1,226 | €472 | -€754 | -61.5% |
| Furniture and vehicles | 24 | €2,394 | €3,232 | +€838 | +35.0% |
| Current assets | 29/58 | €15,527 | €37,977 | +€22,450 | +145% |
| Amounts receivable within one year | 40/41 | €8,533 | €11,640 | +€3,106 | +36.4% |
| Trade receivables | 40 | €7,187 | €11,419 | +€4,232 | +58.9% |
| Other amounts receivable | 41 | €1,346 | €221 | -€1,125 | -83.6% |
| Cash at bank and in hand | 54/58 | €2,226 | €22,325 | +€20,099 | +903% |
| Deferred charges and accrued income | 490/1 | €4,768 | €4,013 | -€755 | -15.8% |
| Total equity and liabilities | 10/49 | €197,895 | €227,504 | +€29,609 | +15.0% |
| Equity | 10/15 | €14,270 | €34,774 | +€20,504 | +144% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,270 | €31,774 | +€20,504 | +182% |
| Amounts payable | 17/49 | €183,625 | €192,730 | +€9,105 | +5.0% |
| Amounts payable after more than one year | 17 | €128,651 | €119,840 | -€8,811 | -6.8% |
| Financial debts | 170/4 | €128,651 | €119,840 | -€8,811 | -6.8% |
| Amounts payable within one year | 42/48 | €54,974 | €72,890 | +€17,916 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €5,063 | €7,086 | +€2,023 | +39.9% |
| Trade debts | 44 | €10,120 | €4,999 | -€5,121 | -50.6% |
| Suppliers | 440/4 | €10,120 | €4,999 | -€5,121 | -50.6% |
| Taxes, remuneration and social security | 45 | €2,966 | €13,911 | +€10,945 | +369% |
| Taxes | 450/3 | €1,466 | €10,911 | +€9,445 | +644% |
| Remuneration and social security | 454/9 | €1,500 | €3,000 | +€1,500 | +100% |
| Other amounts payable | 47/48 | €36,825 | €46,894 | +€10,069 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,696 | €15,708 | +€6,012 | +62.0% |
| Other operating charges | 640/8 | €2,014 | €3,013 | +€999 | +49.6% |
| Gross operating margin | 9900 | €23,969 | €52,568 | +€28,599 | +119% |
| Operating profit (loss) | 9901 | €12,259 | €33,847 | +€21,588 | +176% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €7,752 | €7,274 | -€478 | -6.2% |
| Recurring financial charges | 65 | €7,752 | €7,274 | -€478 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €4,509 | €26,574 | +€22,065 | +489% |
| Income taxes | 67/77 | €880 | €6,069 | +€5,190 | +590% |
| Profit (loss) for the period | 9904 | €3,629 | €20,504 | +€16,875 | +465% |
| Profit (loss) for the period to be appropriated | 9905 | €3,629 | €20,504 | +€16,875 | +465% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.