IZIT: 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.
IZIT
Largest movements
- Cash +€272,896
up €272,896 (+113.1%), from €241,307 to €514,203
mainly Net result for the year (+€190,856) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€44,871
up €44,871 (+9.2%), from €487,662 to €532,533
of which Trade receivables: +€28,932
- Intangible fixed assets -€28,788
down €28,788 (-35.4%), from €81,227 to €52,439
- Tangible fixed assets -€23,396
down €23,396 (-10.7%), from €217,657 to €194,260
of which Land and buildings: -€18,099
- Reserves +€182,640
up €182,640 (+26.8%), from €682,093 to €864,733
of which Distributable reserves: +€182,640
- Trade debts +€29,992
up €29,992 (+45.8%), from €65,468 to €95,460
- Accrued charges and deferred income -€25,669
down €25,669 (-55.5%), from €46,227 to €20,558
- Debts after one year -€22,586
down €22,586 (-30.9%), from €73,189 to €50,603
- Other debts -€22,456
down €22,456 (-73.0%), from €30,765 to €8,309
- Gross operating margin +€165,753
up €165,753 (+15.3%), from €1.1m to €1.3m
- Taxes +€46,246
up €46,246 (+73.5%), from €62,956 to €109,202
- Staff costs +€40,414
up €40,414 (+4.8%), from €834,691 to €875,106
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 | €1,151,449 | €1,320,191 | +€168,742 | +14.7% |
| Fixed assets | 21/28 | €298,884 | €246,699 | -€52,184 | -17.5% |
| Intangible fixed assets | 21 | €81,227 | €52,439 | -€28,788 | -35.4% |
| Tangible fixed assets | 22/27 | €217,657 | €194,260 | -€23,396 | -10.7% |
| Land and buildings | 22 | €193,960 | €175,861 | -€18,099 | -9.3% |
| Plant, machinery and equipment | 23 | €16,729 | €14,112 | -€2,617 | -15.6% |
| Furniture and vehicles | 24 | €6,967 | €4,287 | -€2,681 | -38.5% |
| Current assets | 29/58 | €852,566 | €1,073,491 | +€220,926 | +25.9% |
| Stocks and contracts in progress | 3 | €12,229 | €13,374 | +€1,145 | +9.4% |
| Stocks | 30/36 | €12,229 | €13,374 | +€1,145 | +9.4% |
| Amounts receivable within one year | 40/41 | €487,662 | €532,533 | +€44,871 | +9.2% |
| Trade receivables | 40 | €461,865 | €490,797 | +€28,932 | +6.3% |
| Other amounts receivable | 41 | €25,798 | €41,736 | +€15,939 | +61.8% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €241,307 | €514,203 | +€272,896 | +113.1% |
| Deferred charges and accrued income | 490/1 | €11,367 | €13,381 | +€2,015 | +17.7% |
| Total equity and liabilities | 10/49 | €1,151,449 | €1,320,191 | +€168,742 | +14.7% |
| Equity | 10/15 | €694,493 | €877,133 | +€182,640 | +26.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €682,093 | €864,733 | +€182,640 | +26.8% |
| Tax-exempt reserves | 132 | €180,507 | €180,507 | = | 0.0% |
| Distributable reserves | 133 | €501,587 | €684,227 | +€182,640 | +36.4% |
| Amounts payable | 17/49 | €456,956 | €443,057 | -€13,899 | -3.0% |
| Amounts payable after more than one year | 17 | €73,189 | €50,603 | -€22,586 | -30.9% |
| Financial debts | 170/4 | €73,189 | €50,603 | -€22,586 | -30.9% |
| Amounts payable within one year | 42/48 | €337,541 | €371,897 | +€34,356 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €63,524 | €77,675 | +€14,151 | +22.3% |
| Trade debts | 44 | €65,468 | €95,460 | +€29,992 | +45.8% |
| Suppliers | 440/4 | €65,468 | €95,460 | +€29,992 | +45.8% |
| Advances received on contracts in progress | 46 | - | €339 | +€339 | |
| Taxes, remuneration and social security | 45 | €177,784 | €190,114 | +€12,330 | +6.9% |
| Taxes | 450/3 | €63,769 | €65,319 | +€1,550 | +2.4% |
| Remuneration and social security | 454/9 | €114,015 | €124,794 | +€10,779 | +9.5% |
| Other amounts payable | 47/48 | €30,765 | €8,309 | -€22,456 | -73.0% |
| Accrued charges and deferred income | 492/3 | €46,227 | €20,558 | -€25,669 | -55.5% |
| Remuneration, social security and pensions | 62 | €834,691 | €875,106 | +€40,414 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,233 | €56,231 | -€1,002 | -1.8% |
| Other operating charges | 640/8 | €7,318 | €8,691 | +€1,373 | +18.8% |
| Gross operating margin | 9900 | €1,086,628 | €1,252,381 | +€165,753 | +15.3% |
| Operating profit (loss) | 9901 | €187,386 | €312,353 | +€124,968 | +66.7% |
| Financial income | 75/76B | €325 | €4,243 | +€3,917 | +1203.9% |
| Recurring financial income | 75 | €325 | €4,243 | +€3,917 | +1203.9% |
| Financial charges | 65/66B | €14,859 | €16,538 | +€1,679 | +11.3% |
| Recurring financial charges | 65 | €14,859 | €16,538 | +€1,679 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €172,853 | €300,058 | +€127,206 | +73.6% |
| Income taxes | 67/77 | €62,956 | €109,202 | +€46,246 | +73.5% |
| Profit (loss) for the period | 9904 | €109,896 | €190,856 | +€80,960 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €109,896 | €190,856 | +€80,960 | +73.7% |
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 11 October 2026 via checked.be.