IZO: 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.
IZO
Largest movements
- Receivables within one year -€2,927
down €2,927 (-76.4%), from €3,830 to €903
of which Trade receivables: -€2,228
- Cash +€1,369
up €1,369 (+118.2%), from €1,158 to €2,527
mainly Receivables within one year (+€2,927) and Net result for the year (+€2,410)
- Tangible fixed assets -€480
down €480 (-48.7%), from €986 to €506
of which Furniture and vehicles: -€280
- Trade debts -€2,682
down €2,682 (-78.1%), from €3,434 to €752
- Profit (loss) carried forward +€2,410
up €2,410 (+4.8%), from -€50,689 to -€48,279
- Other debts -€1,766
down €1,766 (-5.4%), from €32,769 to €31,003
- Gross operating margin +€13,446
up €13,446, from -€10,499 to €2,947
- Depreciation -€206
down €206 (-30.1%), from €686 to €480
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 | €5,974 | €3,937 | -€2,037 | -34.1% |
| Fixed assets | 21/28 | €986 | €506 | -€480 | -48.7% |
| Tangible fixed assets | 22/27 | €986 | €506 | -€480 | -48.7% |
| Plant, machinery and equipment | 23 | €449 | €249 | -€199 | -44.4% |
| Furniture and vehicles | 24 | €537 | €257 | -€280 | -52.2% |
| Current assets | 29/58 | €4,988 | €3,430 | -€1,558 | -31.2% |
| Amounts receivable within one year | 40/41 | €3,830 | €903 | -€2,927 | -76.4% |
| Trade receivables | 40 | €2,491 | €263 | -€2,228 | -89.4% |
| Other amounts receivable | 41 | €1,339 | €640 | -€699 | -52.2% |
| Cash at bank and in hand | 54/58 | €1,158 | €2,527 | +€1,369 | +118.2% |
| Total equity and liabilities | 10/49 | €5,974 | €3,937 | -€2,037 | -34.1% |
| Equity | 10/15 | -€30,229 | -€27,819 | +€2,410 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,689 | -€48,279 | +€2,410 | +4.8% |
| Amounts payable | 17/49 | €36,203 | €31,755 | -€4,448 | -12.3% |
| Amounts payable within one year | 42/48 | €36,203 | €31,755 | -€4,448 | -12.3% |
| Trade debts | 44 | €3,434 | €752 | -€2,682 | -78.1% |
| Suppliers | 440/4 | €3,434 | €752 | -€2,682 | -78.1% |
| Other amounts payable | 47/48 | €32,769 | €31,003 | -€1,766 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €686 | €480 | -€206 | -30.1% |
| Gross operating margin | 9900 | -€10,499 | €2,947 | +€13,446 | |
| Operating profit (loss) | 9901 | -€11,185 | €2,467 | +€13,653 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €49 | €57 | +€9 | +18.3% |
| Recurring financial charges | 65 | €49 | €57 | +€9 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,234 | €2,410 | +€13,644 | |
| Profit (loss) for the period | 9904 | -€11,234 | €2,410 | +€13,644 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,234 | €2,410 | +€13,644 |
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 8 October 2026 via checked.be.