IZNAJAR: 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.
IZNAJAR
Largest movements
- Tangible fixed assets -€26,582
down €26,582 (-5.1%), from €522,178 to €495,596
of which Land and buildings: -€23,074
- Receivables within one year +€19,025
up €19,025 (+1,189%), from €1,600 to €20,625
of which Trade receivables: +€13,420
- Cash +€10,640
up €10,640 (+1,078%), from €987 to €11,627
mainly Net result for the year (+€57,572) and Depreciation (+€26,582)
- Reserves +€43,892
up €43,892 (+321%), from €13,679 to €57,572
- Debts after one year -€36,667
down €36,667 (-12.1%), from €302,500 to €265,833
- Other debts -€25,373
down €25,373 (-16.8%), from €151,441 to €126,068
- Trade debts +€17,002
up €17,002 (+3,382%), from €503 to €17,505
- Gross operating margin +€66,667
up €66,667 (+174%), from €38,303 to €104,970
- Taxes +€4,795
new in 2026: €4,795
- Financial charges -€3,930
down €3,930 (-24.8%), from €15,852 to €11,922
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €524,766 | €527,848 | +€3,083 | +0.6% |
| Fixed assets | 21/28 | €522,178 | €495,596 | -€26,582 | -5.1% |
| Tangible fixed assets | 22/27 | €522,178 | €495,596 | -€26,582 | -5.1% |
| Land and buildings | 22 | €511,376 | €488,302 | -€23,074 | -4.5% |
| Furniture and vehicles | 24 | €10,802 | €7,294 | -€3,509 | -32.5% |
| Current assets | 29/58 | €2,587 | €32,252 | +€29,665 | +1,147% |
| Amounts receivable within one year | 40/41 | €1,600 | €20,625 | +€19,025 | +1,189% |
| Trade receivables | 40 | - | €13,420 | +€13,420 | |
| Other amounts receivable | 41 | €1,600 | €7,205 | +€5,605 | +350% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €987 | €11,627 | +€10,640 | +1,078% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €524,766 | €527,848 | +€3,083 | +0.6% |
| Equity | 10/15 | €32,279 | €76,172 | +€43,892 | +136% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,679 | €57,572 | +€43,892 | +321% |
| Distributable reserves | 133 | €13,679 | €57,572 | +€43,892 | +321% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €492,486 | €451,677 | -€40,810 | -8.3% |
| Amounts payable after more than one year | 17 | €302,500 | €265,833 | -€36,667 | -12.1% |
| Financial debts | 170/4 | €302,500 | €265,833 | -€36,667 | -12.1% |
| Amounts payable within one year | 42/48 | €189,987 | €185,844 | -€4,143 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €36,667 | €36,667 | = | 0.0% |
| Trade debts | 44 | €503 | €17,505 | +€17,002 | +3,382% |
| Suppliers | 440/4 | €503 | €17,505 | +€17,002 | +3,382% |
| Taxes, remuneration and social security | 45 | €1,376 | €5,604 | +€4,227 | +307% |
| Taxes | 450/3 | €1,376 | €5,604 | +€4,227 | +307% |
| Other amounts payable | 47/48 | €151,441 | €126,068 | -€25,373 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,582 | €26,582 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,485 | €4,099 | -€386 | -8.6% |
| Gross operating margin | 9900 | €38,303 | €104,970 | +€66,667 | +174% |
| Operating profit (loss) | 9901 | €7,236 | €74,288 | +€67,053 | +927% |
| Financial charges | 65/66B | €15,852 | €11,922 | -€3,930 | -24.8% |
| Recurring financial charges | 65 | €15,852 | €11,922 | -€3,930 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,616 | €62,367 | +€70,983 | |
| Income taxes | 67/77 | - | €4,795 | +€4,795 | |
| Profit (loss) for the period | 9904 | -€8,616 | €57,572 | +€66,188 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,616 | €57,572 | +€66,188 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.