IZIKOZI: 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.
IZIKOZI
Largest movements
- Receivables within one year +€46,359
up €46,359 (+113%), from €41,034 to €87,393
of which Other amounts receivable: +€28,614
- Tangible fixed assets +€10,954
up €10,954 (+237%), from €4,630 to €15,584
of which Furniture and vehicles: +€11,091
- Current investments +€2,200
up €2,200 (+15.5%), from €14,205 to €16,405
- Trade debts +€22,233
up €22,233 (+388%), from €5,732 to €27,965
- Reserves +€16,621
up €16,621 (+36.4%), from €45,715 to €62,336
of which Distributable reserves: +€16,621
- Other debts +€10,000
new in 2025: €10,000
- Debts after one year +€6,838
new in 2025: €6,838
- Current portion of long-term debt +€5,629
new in 2025: €5,629
- Depreciation +€4,640
up €4,640 (+159%), from €2,914 to €7,554
- Staff costs -€2,159
no longer reported in 2025 (was €2,159)
- Other operating charges -€1,409
down €1,409 (-95.1%), from €1,481 to €72
- Financial charges +€543
up €543 (+234%), from €232 to €775
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 | €90,241 | €148,549 | +€58,309 | +64.6% |
| Fixed assets | 21/28 | €6,080 | €16,434 | +€10,354 | +170% |
| Intangible fixed assets | 21 | €1,450 | €850 | -€600 | -41.4% |
| Tangible fixed assets | 22/27 | €4,630 | €15,584 | +€10,954 | +237% |
| Land and buildings | 22 | €687 | €550 | -€137 | -19.9% |
| Furniture and vehicles | 24 | €3,943 | €15,034 | +€11,091 | +281% |
| Current assets | 29/58 | €84,161 | €132,115 | +€47,954 | +57.0% |
| Amounts receivable within one year | 40/41 | €41,034 | €87,393 | +€46,359 | +113% |
| Trade receivables | 40 | €17,147 | €34,892 | +€17,745 | +103% |
| Other amounts receivable | 41 | €23,887 | €52,501 | +€28,614 | +120% |
| Current investments | 50/53 | €14,205 | €16,405 | +€2,200 | +15.5% |
| Cash at bank and in hand | 54/58 | €28,748 | €28,317 | -€431 | -1.5% |
| Deferred charges and accrued income | 490/1 | €174 | - | -€174 | |
| Total equity and liabilities | 10/49 | €90,241 | €148,549 | +€58,309 | +64.6% |
| Equity | 10/15 | €58,207 | €74,828 | +€16,621 | +28.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45,715 | €62,336 | +€16,621 | +36.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €43,860 | €60,481 | +€16,621 | +37.9% |
| Profit (loss) carried forward | 14 | €92 | €92 | = | 0.0% |
| Amounts payable | 17/49 | €32,033 | €73,721 | +€41,688 | +130% |
| Amounts payable after more than one year | 17 | - | €6,838 | +€6,838 | |
| Financial debts | 170/4 | - | €6,838 | +€6,838 | |
| Amounts payable within one year | 42/48 | €32,033 | €66,883 | +€34,849 | +109% |
| Current portion of amounts payable after more than one year | 42 | - | €5,629 | +€5,629 | |
| Trade debts | 44 | €5,732 | €27,965 | +€22,233 | +388% |
| Suppliers | 440/4 | €5,732 | €27,965 | +€22,233 | +388% |
| Advances received on contracts in progress | 46 | €4,229 | €4,862 | +€634 | +15.0% |
| Taxes, remuneration and social security | 45 | €22,073 | €18,426 | -€3,646 | -16.5% |
| Taxes | 450/3 | €22,073 | €18,426 | -€3,646 | -16.5% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €2,159 | - | -€2,159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,914 | €7,554 | +€4,640 | +159% |
| Other operating charges | 640/8 | €1,481 | €72 | -€1,409 | -95.1% |
| Gross operating margin | 9900 | €46,878 | €46,493 | -€386 | -0.8% |
| Operating profit (loss) | 9901 | €40,325 | €38,867 | -€1,458 | -3.6% |
| Financial income | 75/76B | €2 | €1 | -€1 | -44.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -44.0% |
| Financial charges | 65/66B | €232 | €775 | +€543 | +234% |
| Recurring financial charges | 65 | €232 | €775 | +€543 | +234% |
| Profit (loss) for the period before taxes | 9903 | €40,095 | €38,093 | -€2,001 | -5.0% |
| Income taxes | 67/77 | €11,487 | €11,472 | -€15 | -0.1% |
| Profit (loss) for the period | 9904 | €28,607 | €26,621 | -€1,986 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,607 | €26,621 | -€1,986 | -6.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.