Izza: 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.
Izza
Largest movements
- Receivables within one year +€247,180
up €247,180 (+55.7%), from €444,036 to €691,216
of which Other amounts receivable: +€198,382
- Cash -€104,473
down €104,473 (-47.6%), from €219,460 to €114,987
mainly Receivables within one year (-€247,180) and Stocks and contracts (-€96,535)
- Stocks and contracts +€96,535
up €96,535 (+253%), from €38,196 to €134,731
- Intangible fixed assets -€47,151
down €47,151 (-26.6%), from €177,551 to €130,400
- Financial fixed assets +€17,767
up €17,767 (+355%), from €5,009 to €22,775
- Trade debts +€164,536
up €164,536 (+148%), from €111,095 to €275,631
- Tax, wage and social debts +€57,409
up €57,409 (+88.7%), from €64,730 to €122,139
of which Taxes: +€66,905
- Reserves +€48,073
up €48,073 (+279%), from €17,209 to €65,282
- Debts after one year -€36,849
down €36,849 (-33.1%), from €111,447 to €74,598
of which Other amounts payable: -€26,400
- Advances received -€21,973
down €21,973 (-4.7%), from €471,374 to €449,401
- Gross operating margin +€47,952
up €47,952 (+9.8%), from €489,157 to €537,109
- Financial charges +€13,432
up €13,432 (+65.3%), from €20,573 to €34,006
- Staff costs +€12,972
up €12,972 (+3.6%), from €357,081 to €370,053
- Financial income +€7,643
up €7,643 (+1,048%), from €729 to €8,373
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 | €925,657 | €1,143,604 | +€217,947 | +23.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €213,380 | €190,279 | -€23,101 | -10.8% |
| Intangible fixed assets | 21 | €177,551 | €130,400 | -€47,151 | -26.6% |
| Tangible fixed assets | 22/27 | €30,820 | €37,104 | +€6,283 | +20.4% |
| Plant, machinery and equipment | 23 | €21,762 | €24,945 | +€3,183 | +14.6% |
| Other tangible fixed assets | 26 | €9,059 | €12,159 | +€3,100 | +34.2% |
| Financial fixed assets | 28 | €5,009 | €22,775 | +€17,767 | +355% |
| Current assets | 29/58 | €712,277 | €953,325 | +€241,048 | +33.8% |
| Stocks and contracts in progress | 3 | €38,196 | €134,731 | +€96,535 | +253% |
| Stocks | 30/36 | €38,196 | €134,731 | +€96,535 | +253% |
| Amounts receivable within one year | 40/41 | €444,036 | €691,216 | +€247,180 | +55.7% |
| Trade receivables | 40 | €415,575 | €464,373 | +€48,799 | +11.7% |
| Other amounts receivable | 41 | €28,461 | €226,843 | +€198,382 | +697% |
| Cash at bank and in hand | 54/58 | €219,460 | €114,987 | -€104,473 | -47.6% |
| Deferred charges and accrued income | 490/1 | €10,585 | €12,391 | +€1,806 | +17.1% |
| Total equity and liabilities | 10/49 | €925,657 | €1,143,604 | +€217,947 | +23.5% |
| Equity | 10/15 | €22,209 | €70,282 | +€48,073 | +216% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,209 | €65,282 | +€48,073 | +279% |
| Distributable reserves | 133 | €17,209 | €65,282 | +€48,073 | +279% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €903,448 | €1,073,322 | +€169,874 | +18.8% |
| Amounts payable after more than one year | 17 | €111,447 | €74,598 | -€36,849 | -33.1% |
| Financial debts | 170/4 | €49,847 | €39,398 | -€10,449 | -21.0% |
| Other amounts payable | 178/9 | €61,600 | €35,200 | -€26,400 | -42.9% |
| Amounts payable within one year | 42/48 | €792,001 | €998,723 | +€206,722 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €137,331 | €122,491 | -€14,840 | -10.8% |
| Financial debts | 43 | €6,268 | €9,879 | +€3,611 | +57.6% |
| Credit institutions | 430/8 | €6,268 | €9,879 | +€3,611 | +57.6% |
| Trade debts | 44 | €111,095 | €275,631 | +€164,536 | +148% |
| Suppliers | 440/4 | €111,095 | €275,631 | +€164,536 | +148% |
| Advances received on contracts in progress | 46 | €471,374 | €449,401 | -€21,973 | -4.7% |
| Taxes, remuneration and social security | 45 | €64,730 | €122,139 | +€57,409 | +88.7% |
| Taxes | 450/3 | €14,830 | €81,735 | +€66,905 | +451% |
| Remuneration and social security | 454/9 | €49,900 | €40,404 | -€9,496 | -19.0% |
| Other amounts payable | 47/48 | €1,203 | €19,182 | +€17,979 | +1,495% |
| Non-recurring operating income | 76A | €799 | €733 | -€66 | -8.2% |
| Remuneration, social security and pensions | 62 | €357,081 | €370,053 | +€12,972 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,941 | €54,353 | +€1,412 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €405 | +€405 | |
| Other operating charges | 640/8 | €17,080 | €21,394 | +€4,314 | +25.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €489,157 | €537,109 | +€47,952 | +9.8% |
| Operating profit (loss) | 9901 | €62,055 | €90,904 | +€28,849 | +46.5% |
| Financial income | 75/76B | €729 | €8,373 | +€7,643 | +1,048% |
| Recurring financial income | 75 | €729 | €8,373 | +€7,643 | +1,048% |
| Financial charges | 65/66B | €20,573 | €34,006 | +€13,432 | +65.3% |
| Recurring financial charges | 65 | €20,573 | €34,006 | +€13,432 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €42,211 | €65,271 | +€23,060 | +54.6% |
| Income taxes | 67/77 | €10,303 | €15,532 | +€5,229 | +50.8% |
| Profit (loss) for the period | 9904 | €31,908 | €49,739 | +€17,831 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,908 | €49,739 | +€17,831 | +55.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.