Izix: what changed
Two fiscal 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.
Izix
Largest movements
- Receivables within one year +€543,458
up €543,458 (+88.5%), from €613,923 to €1.2m
of which Other amounts receivable: +€587,737
- Cash +€527,976
up €527,976 (+85.9%), from €614,738 to €1.1m
mainly Debts after one year (+€1.7m) and Depreciation (+€790,005)
- Financial fixed assets +€382,783
up €382,783 (+1913.9%), from €20,000 to €402,783
- Intangible fixed assets +€207,007
up €207,007 (+11.3%), from €1.8m to €2.0m
- Debts after one year +€1.7m
new in 2025: €1.7m
- Profit (loss) carried forward -€330,650
down €330,650 (-8.9%), from -€3.7m to -€4.0m
- Current portion of long-term debt +€88,596
new in 2025: €88,596
- Contributions +€73,752
up €73,752 (+1.2%), from €6.3m to €6.4m
- Tax, wage and social debts +€71,585
up €71,585 (+100.4%), from €71,312 to €142,898
of which Remuneration and social security: +€46,945
- Staff costs +€379,496
up €379,496 (+52.7%), from €719,667 to €1.1m
- Gross operating margin +€317,277
up €317,277 (+24.6%), from €1.3m to €1.6m
- Taxes -€211,213
down €211,213, from €178,513 to -€32,701
- Depreciation -€52,491
down €52,491 (-6.2%), from €842,496 to €790,005
- Write-downs +€44,569
new in 2025: €44,569
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 | €3,201,223 | €4,811,073 | +€1.6m | +50.3% |
| Fixed assets | 21/28 | €1,860,063 | €2,451,025 | +€590,961 | +31.8% |
| Intangible fixed assets | 21 | €1,832,810 | €2,039,817 | +€207,007 | +11.3% |
| Tangible fixed assets | 22/27 | €7,253 | €8,424 | +€1,171 | +16.1% |
| Furniture and vehicles | 24 | €7,253 | €8,424 | +€1,171 | +16.1% |
| Financial fixed assets | 28 | €20,000 | €402,783 | +€382,783 | +1913.9% |
| Current assets | 29/58 | €1,341,160 | €2,360,048 | +€1.0m | +76.0% |
| Stocks and contracts in progress | 3 | €35,713 | €13,481 | -€22,232 | -62.3% |
| Stocks | 30/36 | €35,713 | €13,481 | -€22,232 | -62.3% |
| Amounts receivable within one year | 40/41 | €613,923 | €1,157,381 | +€543,458 | +88.5% |
| Trade receivables | 40 | €444,825 | €400,546 | -€44,278 | -10.0% |
| Other amounts receivable | 41 | €169,098 | €756,835 | +€587,737 | +347.6% |
| Cash at bank and in hand | 54/58 | €614,738 | €1,142,714 | +€527,976 | +85.9% |
| Deferred charges and accrued income | 490/1 | €76,787 | €46,473 | -€30,315 | -39.5% |
| Total equity and liabilities | 10/49 | €3,201,223 | €4,811,073 | +€1.6m | +50.3% |
| Equity | 10/15 | €2,598,908 | €2,342,010 | -€256,898 | -9.9% |
| Contributions | 10/11 | €6,294,112 | €6,367,864 | +€73,752 | +1.2% |
| Reserves | 13 | €1,259 | €1,259 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,259 | €1,259 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,696,463 | -€4,027,113 | -€330,650 | -8.9% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €602,315 | €2,469,063 | +€1.9m | +309.9% |
| Amounts payable after more than one year | 17 | - | €1,650,685 | +€1.7m | |
| Financial debts | 170/4 | - | €1,650,685 | +€1.7m | |
| Amounts payable within one year | 42/48 | €484,193 | €734,637 | +€250,443 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | - | €88,596 | +€88,596 | |
| Trade debts | 44 | €330,169 | €385,245 | +€55,077 | +16.7% |
| Suppliers | 440/4 | €330,169 | €385,245 | +€55,077 | +16.7% |
| Taxes, remuneration and social security | 45 | €71,312 | €142,898 | +€71,585 | +100.4% |
| Taxes | 450/3 | €8,971 | €33,611 | +€24,640 | +274.7% |
| Remuneration and social security | 454/9 | €62,341 | €109,286 | +€46,945 | +75.3% |
| Other amounts payable | 47/48 | €82,713 | €117,898 | +€35,185 | +42.5% |
| Accrued charges and deferred income | 492/3 | €118,122 | €83,741 | -€34,381 | -29.1% |
| Remuneration, social security and pensions | 62 | €719,667 | €1,099,163 | +€379,496 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €842,496 | €790,005 | -€52,491 | -6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €44,569 | +€44,569 | |
| Other operating charges | 640/8 | €3,562 | €37 | -€3,525 | -99.0% |
| Gross operating margin | 9900 | €1,289,786 | €1,607,064 | +€317,277 | +24.6% |
| Operating profit (loss) | 9901 | -€275,938 | -€326,710 | -€50,772 | -18.4% |
| Financial income | 75/76B | €35,663 | €18 | -€35,645 | -99.9% |
| Recurring financial income | 75 | €35,663 | €18 | -€35,645 | -99.9% |
| Financial charges | 65/66B | €15,088 | €36,659 | +€21,571 | +143.0% |
| Recurring financial charges | 65 | €15,088 | €36,659 | +€21,571 | +143.0% |
| Profit (loss) for the period before taxes | 9903 | -€255,363 | -€363,351 | -€107,988 | -42.3% |
| Income taxes | 67/77 | €178,513 | -€32,701 | -€211,213 | |
| Profit (loss) for the period | 9904 | -€433,876 | -€330,650 | +€103,225 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€433,876 | -€330,650 | +€103,225 | +23.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.