IZS: 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.
IZS
Largest movements
- Cash +€31,567
up €31,567 (+80.1%), from €39,394 to €70,961
mainly Net result for the year (+€38,984) and Trade debts (+€3,352)
- Receivables within one year +€14,520
up €14,520 (+2,667%), from €545 to €15,065
- Tangible fixed assets -€1,647
down €1,647 (-46.7%), from €3,530 to €1,882
of which Furniture and vehicles: -€1,067
- Profit (loss) carried forward +€23,984
up €23,984 (+3,204%), from €749 to €24,733
- Reserves +€15,000
up €15,000 (+101%), from €14,860 to €29,860
of which Distributable reserves: +€15,000
- Trade debts +€3,352
up €3,352 (+4,650%), from €72 to €3,424
- Tax, wage and social debts +€2,346
up €2,346 (+24.2%), from €9,706 to €12,052
- Gross operating margin +€29,733
up €29,733 (+117%), from €25,354 to €55,087
- Taxes +€7,984
up €7,984 (+167%), from €4,790 to €12,774
- Depreciation -€1,988
down €1,988 (-45.5%), from €4,366 to €2,378
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 | €44,275 | €88,793 | +€44,518 | +101% |
| Fixed assets | 21/28 | €4,260 | €2,262 | -€1,997 | -46.9% |
| Tangible fixed assets | 22/27 | €3,530 | €1,882 | -€1,647 | -46.7% |
| Furniture and vehicles | 24 | €1,790 | €722 | -€1,067 | -59.6% |
| Other tangible fixed assets | 26 | €1,740 | €1,160 | -€580 | -33.3% |
| Financial fixed assets | 28 | €730 | €380 | -€350 | -47.9% |
| Current assets | 29/58 | €40,016 | €86,531 | +€46,515 | +116% |
| Amounts receivable within one year | 40/41 | €545 | €15,065 | +€14,520 | +2,667% |
| Trade receivables | 40 | €545 | €15,065 | +€14,520 | +2,667% |
| Cash at bank and in hand | 54/58 | €39,394 | €70,961 | +€31,567 | +80.1% |
| Deferred charges and accrued income | 490/1 | €77 | €506 | +€428 | +553% |
| Total equity and liabilities | 10/49 | €44,275 | €88,793 | +€44,518 | +101% |
| Equity | 10/15 | €34,209 | €73,193 | +€38,984 | +114% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,860 | €29,860 | +€15,000 | +101% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €28,000 | +€15,000 | +115% |
| Profit (loss) carried forward | 14 | €749 | €24,733 | +€23,984 | +3,204% |
| Amounts payable | 17/49 | €10,067 | €15,601 | +€5,534 | +55.0% |
| Amounts payable within one year | 42/48 | €10,067 | €15,601 | +€5,534 | +55.0% |
| Trade debts | 44 | €72 | €3,424 | +€3,352 | +4,650% |
| Suppliers | 440/4 | €72 | €3,424 | +€3,352 | +4,650% |
| Taxes, remuneration and social security | 45 | €9,706 | €12,052 | +€2,346 | +24.2% |
| Taxes | 450/3 | €9,706 | €12,052 | +€2,346 | +24.2% |
| Other amounts payable | 47/48 | €288 | €124 | -€165 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,366 | €2,378 | -€1,988 | -45.5% |
| Other operating charges | 640/8 | €1,190 | €645 | -€545 | -45.8% |
| Gross operating margin | 9900 | €25,354 | €55,087 | +€29,733 | +117% |
| Operating profit (loss) | 9901 | €19,797 | €52,063 | +€32,266 | +163% |
| Financial charges | 65/66B | -€192 | €305 | +€497 | |
| Recurring financial charges | 65 | -€192 | €305 | +€497 | |
| Profit (loss) for the period before taxes | 9903 | €19,989 | €51,758 | +€31,769 | +159% |
| Income taxes | 67/77 | €4,790 | €12,774 | +€7,984 | +167% |
| Profit (loss) for the period | 9904 | €15,199 | €38,984 | +€23,785 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €15,199 | €38,984 | +€23,785 | +156% |
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 16 October 2026 via checked.be.