Izumi: 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.
Izumi
Largest movements
- Receivables within one year +€21,189
up €21,189 (+29.8%), from €71,158 to €92,347
of which Other amounts receivable: +€14,649
- Cash -€19,228
down €19,228 (-24.5%), from €78,391 to €59,163
mainly Receivables within one year (-€21,189) and Investment in fixed assets (net) (-€5,607)
- Stocks and contracts +€3,896
up €3,896 (+43.2%), from €9,026 to €12,922
- Deferred charges and accrued income +€3,644
up €3,644 (+331%), from €1,100 to €4,744
- Reserves +€6,598
up €6,598 (+36.3%), from €18,182 to €24,780
- Trade debts +€5,728
up €5,728 (+18.6%), from €30,848 to €36,576
- Debts after one year -€5,356
down €5,356 (-100%), from €5,356 to €0
- Gross operating margin -€26,720
down €26,720 (-6.8%), from €392,695 to €365,975
- Staff costs -€21,192
down €21,192 (-6.1%), from €348,880 to €327,688
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 | €218,820 | €228,145 | +€9,326 | +4.3% |
| Fixed assets | 21/28 | €24,145 | €23,969 | -€176 | -0.7% |
| Tangible fixed assets | 22/27 | €24,145 | €23,969 | -€176 | -0.7% |
| Land and buildings | 22 | €15,468 | €14,467 | -€1,001 | -6.5% |
| Plant, machinery and equipment | 23 | €8,069 | €9,195 | +€1,126 | +14.0% |
| Furniture and vehicles | 24 | €609 | €308 | -€301 | -49.5% |
| Current assets | 29/58 | €194,674 | €204,176 | +€9,502 | +4.9% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Trade receivables | 290 | €35,000 | €35,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €9,026 | €12,922 | +€3,896 | +43.2% |
| Stocks | 30/36 | €9,026 | €12,922 | +€3,896 | +43.2% |
| Amounts receivable within one year | 40/41 | €71,158 | €92,347 | +€21,189 | +29.8% |
| Trade receivables | 40 | €10 | €6,550 | +€6,541 | +68,132% |
| Other amounts receivable | 41 | €71,148 | €85,797 | +€14,649 | +20.6% |
| Cash at bank and in hand | 54/58 | €78,391 | €59,163 | -€19,228 | -24.5% |
| Deferred charges and accrued income | 490/1 | €1,100 | €4,744 | +€3,644 | +331% |
| Total equity and liabilities | 10/49 | €218,820 | €228,145 | +€9,326 | +4.3% |
| Equity | 10/15 | €93,949 | €100,547 | +€6,598 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,182 | €24,780 | +€6,598 | +36.3% |
| Distributable reserves | 133 | €18,182 | €24,780 | +€6,598 | +36.3% |
| Profit (loss) carried forward | 14 | €57,167 | €57,167 | = | 0.0% |
| Amounts payable | 17/49 | €124,871 | €127,598 | +€2,728 | +2.2% |
| Amounts payable after more than one year | 17 | €5,356 | €0 | -€5,356 | -100% |
| Financial debts | 170/4 | €5,356 | €0 | -€5,356 | -100% |
| Amounts payable within one year | 42/48 | €119,515 | €127,598 | +€8,084 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €20,883 | €22,181 | +€1,298 | +6.2% |
| Financial debts | 43 | €1 | €0 | -€1 | -100% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100% |
| Trade debts | 44 | €30,848 | €36,576 | +€5,728 | +18.6% |
| Suppliers | 440/4 | €30,848 | €36,576 | +€5,728 | +18.6% |
| Advances received on contracts in progress | 46 | €1,700 | €931 | -€769 | -45.2% |
| Taxes, remuneration and social security | 45 | €62,884 | €64,632 | +€1,749 | +2.8% |
| Taxes | 450/3 | €26,081 | €24,379 | -€1,701 | -6.5% |
| Remuneration and social security | 454/9 | €36,803 | €40,253 | +€3,450 | +9.4% |
| Other amounts payable | 47/48 | €3,199 | €3,278 | +€79 | +2.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €348,880 | €327,688 | -€21,192 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,924 | €5,783 | -€1,141 | -16.5% |
| Other operating charges | 640/8 | €2,999 | €6,127 | +€3,128 | +104% |
| Gross operating margin | 9900 | €392,695 | €365,975 | -€26,720 | -6.8% |
| Operating profit (loss) | 9901 | €33,892 | €26,377 | -€7,515 | -22.2% |
| Financial income | 75/76B | €2 | €736 | +€735 | +41,276% |
| Recurring financial income | 75 | €2 | €736 | +€735 | +41,276% |
| Financial charges | 65/66B | €9,672 | €10,735 | +€1,064 | +11.0% |
| Recurring financial charges | 65 | €9,672 | €10,735 | +€1,064 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €24,222 | €16,378 | -€7,844 | -32.4% |
| Income taxes | 67/77 | €7,292 | €9,780 | +€2,488 | +34.1% |
| Profit (loss) for the period | 9904 | €16,930 | €6,598 | -€10,332 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,930 | €6,598 | -€10,332 | -61.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.