Izinyo: 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.
Izinyo
Largest movements
- Cash +€107,653
up €107,653 (+553%), from €19,460 to €127,113
mainly Net result for the year (+€150,022) and Other debts (+€129,747)
- Receivables within one year +€6,409
up €6,409 (+2.5%), from €254,858 to €261,267
of which Other amounts receivable: +€4,875
- Other debts +€129,747
new in 2025: €129,747
- Debts after one year -€16,671
down €16,671 (-40.0%), from €41,679 to €25,008
- Taxes -€22,998
down €22,998 (-35.9%), from €64,095 to €41,097
- Gross operating margin -€13,793
down €13,793 (-6.9%), from €200,413 to €186,620
- Financial income +€4,048
up €4,048 (+42.7%), from €9,482 to €13,529
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 | €459,770 | €568,399 | +€108,630 | +23.6% |
| Fixed assets | 21/28 | €111,647 | €107,141 | -€4,506 | -4.0% |
| Tangible fixed assets | 22/27 | €8,292 | €3,786 | -€4,506 | -54.3% |
| Furniture and vehicles | 24 | €4,809 | €2,389 | -€2,420 | -50.3% |
| Other tangible fixed assets | 26 | €3,483 | €1,397 | -€2,086 | -59.9% |
| Financial fixed assets | 28 | €103,355 | €103,355 | = | 0.0% |
| Current assets | 29/58 | €348,123 | €461,259 | +€113,136 | +32.5% |
| Amounts receivable after more than one year | 29 | €46,293 | €45,000 | -€1,293 | -2.8% |
| Other amounts receivable | 291 | €46,293 | €45,000 | -€1,293 | -2.8% |
| Amounts receivable within one year | 40/41 | €254,858 | €261,267 | +€6,409 | +2.5% |
| Trade receivables | 40 | €19,869 | €21,403 | +€1,534 | +7.7% |
| Other amounts receivable | 41 | €234,989 | €239,864 | +€4,875 | +2.1% |
| Cash at bank and in hand | 54/58 | €19,460 | €127,113 | +€107,653 | +553% |
| Deferred charges and accrued income | 490/1 | €27,512 | €27,879 | +€367 | +1.3% |
| Total equity and liabilities | 10/49 | €459,770 | €568,399 | +€108,630 | +23.6% |
| Equity | 10/15 | €353,882 | €351,260 | -€2,622 | -0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €333,260 | €331,260 | -€2,000 | -0.6% |
| Distributable reserves | 133 | €333,260 | €331,260 | -€2,000 | -0.6% |
| Profit (loss) carried forward | 14 | €622 | €0 | -€622 | -100% |
| Amounts payable | 17/49 | €105,888 | €217,139 | +€111,252 | +105% |
| Amounts payable after more than one year | 17 | €41,679 | €25,008 | -€16,671 | -40.0% |
| Other amounts payable | 178/9 | €41,679 | €25,008 | -€16,671 | -40.0% |
| Amounts payable within one year | 42/48 | €64,209 | €192,131 | +€127,923 | +199% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €29,985 | €29,764 | -€221 | -0.7% |
| Credit institutions | 430/8 | €29,985 | €29,764 | -€221 | -0.7% |
| Trade debts | 44 | €779 | €630 | -€149 | -19.1% |
| Suppliers | 440/4 | €779 | €630 | -€149 | -19.1% |
| Taxes, remuneration and social security | 45 | €33,445 | €31,990 | -€1,455 | -4.4% |
| Taxes | 450/3 | €33,445 | €31,990 | -€1,455 | -4.4% |
| Other amounts payable | 47/48 | - | €129,747 | +€129,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,506 | €4,506 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,499 | €1,356 | -€143 | -9.6% |
| Gross operating margin | 9900 | €200,413 | €186,620 | -€13,793 | -6.9% |
| Operating profit (loss) | 9901 | €194,407 | €180,758 | -€13,650 | -7.0% |
| Financial income | 75/76B | €9,482 | €13,529 | +€4,048 | +42.7% |
| Recurring financial income | 75 | €9,482 | €13,529 | +€4,048 | +42.7% |
| Financial charges | 65/66B | €3,824 | €3,168 | -€656 | -17.1% |
| Recurring financial charges | 65 | €3,824 | €3,168 | -€656 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €200,065 | €191,119 | -€8,946 | -4.5% |
| Income taxes | 67/77 | €64,095 | €41,097 | -€22,998 | -35.9% |
| Profit (loss) for the period | 9904 | €135,971 | €150,022 | +€14,051 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €135,971 | €150,022 | +€14,051 | +10.3% |
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 17 October 2026 via checked.be.