IZYZ: 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.
What changed
IZYZ
NACE 47.400, Retail sale of information and communication equipment
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€51,126
2023 · €17,299+€33,827
Equity
€1.1m
2023 · €1.0m+€45,546
Cash
€262,163
2023 · €266,390-€4,227
Balance sheet total
€2.1m
2023 · €2.2m-€65,776
Largest movements
Assets
- Tangible fixed assets -€72,810
down €72,810 (-6.0%), from €1.2m to €1.1m
of which Land and buildings: -€54,819
- Receivables within one year +€28,613
up €28,613 (+13.7%), from €208,555 to €237,168
of which Trade receivables: +€46,388
- Stocks and contracts -€24,017
down €24,017 (-6.9%), from €346,020 to €322,003
Equity and liabilities
- Debts after one year -€77,686
down €77,686 (-17.7%), from €439,618 to €361,932
- Trade debts -€49,388
down €49,388 (-9.2%), from €537,492 to €488,104
- Reserves +€45,546
up €45,546 (+4.5%), from €1.0m to €1.1m
of which Distributable reserves: +€47,356
Income statement
- Gross operating margin +€68,038
up €68,038 (+19.7%), from €344,907 to €412,946
- Staff costs +€20,977
up €20,977 (+11.4%), from €183,694 to €204,671
- Taxes +€13,971
up €13,971 (+142%), from €9,819 to €23,790
From the 2023 result to the 2024 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.
Result 2023
€17,299
Gross operating margin
+€68,038
Staff costs
-€20,977
Depreciation
+€66
Other operating charges
+€755
Financial income
+€85
Financial charges
-€169
Taxes
-€13,971
Result 2024
€51,126
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€117,746
Investment
-€37,533
Financing
-€84,440
Cash 2023
€266,390
From operations (derived)
+€117,746
Net result for the year
+€51,126
Depreciation
+€105,242
Stocks and contracts
+€24,017
Receivables within one year
-€28,613
Deferred charges and accrued income
-€1,564
Provisions
-€572
Trade debts
-€49,388
Tax, wage and social debts
+€11,970
Advances received
+€4,193
Accrued charges and deferred income
+€1,334
Investment (derived)
-€37,533
Investment in fixed assets (net)
-€29,098
Current investments
-€8,435
Financing
-€84,440
Debts after one year
-€77,686
Current portion of long-term debt
-€1,182
Short-term financial debts
+€8
Contributions, distributions and other
-€5,581
Cash 2024
€262,163
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,158,664 | €2,092,888 | -€65,776 | -3.0% |
| Fixed assets | 21/28 | €1,210,899 | €1,134,756 | -€76,143 | -6.3% |
| Intangible fixed assets | 21 | €5,521 | €2,188 | -€3,333 | -60.4% |
| Tangible fixed assets | 22/27 | €1,204,613 | €1,131,803 | -€72,810 | -6.0% |
| Land and buildings | 22 | €1,130,609 | €1,075,789 | -€54,819 | -4.8% |
| Plant, machinery and equipment | 23 | €9,508 | €5,189 | -€4,319 | -45.4% |
| Furniture and vehicles | 24 | €64,497 | €50,825 | -€13,672 | -21.2% |
| Financial fixed assets | 28 | €765 | €765 | = | 0.0% |
| Current assets | 29/58 | €947,765 | €958,132 | +€10,368 | +1.1% |
| Stocks and contracts in progress | 3 | €346,020 | €322,003 | -€24,017 | -6.9% |
| Stocks | 30/36 | €346,020 | €322,003 | -€24,017 | -6.9% |
| Amounts receivable within one year | 40/41 | €208,555 | €237,168 | +€28,613 | +13.7% |
| Trade receivables | 40 | €152,235 | €198,623 | +€46,388 | +30.5% |
| Other amounts receivable | 41 | €56,320 | €38,545 | -€17,775 | -31.6% |
| Current investments | 50/53 | €123,251 | €131,686 | +€8,435 | +6.8% |
| Cash at bank and in hand | 54/58 | €266,390 | €262,163 | -€4,227 | -1.6% |
| Deferred charges and accrued income | 490/1 | €3,549 | €5,113 | +€1,564 | +44.1% |
| Total equity and liabilities | 10/49 | €2,158,664 | €2,092,888 | -€65,776 | -3.0% |
| Equity | 10/15 | €1,034,722 | €1,080,267 | +€45,546 | +4.4% |
| Contributions | 10/11 | €14,882 | €14,882 | = | 0.0% |
| Reserves | 13 | €1,019,840 | €1,065,385 | +€45,546 | +4.5% |
| Non-distributable reserves | 130/1 | €173,079 | €173,079 | = | 0.0% |
| Reserves not available under the articles | 1311 | €173,079 | €173,079 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,931 | €6,120 | -€1,811 | -22.8% |
| Distributable reserves | 133 | €838,830 | €886,186 | +€47,356 | +5.6% |
| Provisions and deferred taxes | 16 | €2,505 | €1,933 | -€572 | -22.8% |
| Deferred taxes | 168 | €2,505 | €1,933 | -€572 | -22.8% |
| Amounts payable | 17/49 | €1,121,438 | €1,010,688 | -€110,750 | -9.9% |
| Amounts payable after more than one year | 17 | €439,618 | €361,932 | -€77,686 | -17.7% |
| Financial debts | 170/4 | €439,618 | €361,932 | -€77,686 | -17.7% |
| Amounts payable within one year | 42/48 | €675,056 | €640,657 | -€34,398 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €44,787 | €43,605 | -€1,182 | -2.6% |
| Financial debts | 43 | €6,805 | €6,814 | +€8 | +0.1% |
| Credit institutions | 430/8 | €6,805 | €6,814 | +€8 | +0.1% |
| Trade debts | 44 | €537,492 | €488,104 | -€49,388 | -9.2% |
| Suppliers | 440/4 | €537,492 | €488,104 | -€49,388 | -9.2% |
| Advances received on contracts in progress | 46 | €29,479 | €33,673 | +€4,193 | +14.2% |
| Taxes, remuneration and social security | 45 | €56,492 | €68,463 | +€11,970 | +21.2% |
| Taxes | 450/3 | €23,550 | €38,004 | +€14,454 | +61.4% |
| Remuneration and social security | 454/9 | €32,942 | €30,458 | -€2,484 | -7.5% |
| Accrued charges and deferred income | 492/3 | €6,764 | €8,098 | +€1,334 | +19.7% |
| Remuneration, social security and pensions | 62 | €183,694 | €204,671 | +€20,977 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,307 | €105,242 | -€66 | -0.1% |
| Other operating charges | 640/8 | €13,342 | €12,587 | -€755 | -5.7% |
| Gross operating margin | 9900 | €344,907 | €412,946 | +€68,038 | +19.7% |
| Operating profit (loss) | 9901 | €42,564 | €90,446 | +€47,882 | +112% |
| Financial income | 75/76B | €466 | €550 | +€85 | +18.2% |
| Recurring financial income | 75 | €466 | €550 | +€85 | +18.2% |
| Financial charges | 65/66B | €16,483 | €16,652 | +€169 | +1.0% |
| Recurring financial charges | 65 | €16,483 | €16,652 | +€169 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €26,547 | €74,344 | +€47,798 | +180% |
| Transfer from deferred taxes | 780 | €572 | €572 | = | 0.0% |
| Income taxes | 67/77 | €9,819 | €23,790 | +€13,971 | +142% |
| Profit (loss) for the period | 9904 | €17,299 | €51,126 | +€33,827 | +196% |
| Transfer from tax-exempt reserves | 789 | €1,811 | €1,811 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,110 | €52,937 | +€33,827 | +177% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.