IZZARRI: 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.
IZZARRI
Largest movements
- Receivables within one year -€3,850
down €3,850 (-94.3%), from €4,085 to €235
of which Other amounts receivable: -€3,850
- Cash -€581
down €581 (-76.7%), from €757 to €176
mainly Other debts (-€3,850) and Net result for the year (-€581)
- Other debts -€3,850
down €3,850 (-47.8%), from €8,062 to €4,212
- Profit (loss) carried forward -€581
down €581 (-7.1%), from -€8,220 to -€8,801
- Write-downs -€9,916
no longer reported in 2025 (was €9,916)
- Gross operating margin -€7,496
down €7,496, from €7,247 to -€249
- Financial income -€813
no longer reported in 2025 (was €813)
- Other operating charges -€536
down €536 (-72.1%), from €743 to €208
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 | €4,842 | €411 | -€4,431 | -91.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €4,842 | €411 | -€4,431 | -91.5% |
| Amounts receivable within one year | 40/41 | €4,085 | €235 | -€3,850 | -94.3% |
| Trade receivables | 40 | €235 | €235 | = | 0.0% |
| Other amounts receivable | 41 | €3,850 | - | -€3,850 | |
| Cash at bank and in hand | 54/58 | €757 | €176 | -€581 | -76.7% |
| Total equity and liabilities | 10/49 | €4,842 | €411 | -€4,431 | -91.5% |
| Equity | 10/15 | -€3,220 | -€3,801 | -€581 | -18.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,220 | -€8,801 | -€581 | -7.1% |
| Amounts payable | 17/49 | €8,062 | €4,212 | -€3,850 | -47.8% |
| Amounts payable within one year | 42/48 | €8,062 | €4,212 | -€3,850 | -47.8% |
| Other amounts payable | 47/48 | €8,062 | €4,212 | -€3,850 | -47.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,916 | - | -€9,916 | |
| Other operating charges | 640/8 | €743 | €208 | -€536 | -72.1% |
| Gross operating margin | 9900 | €7,247 | -€249 | -€7,496 | |
| Operating profit (loss) | 9901 | -€3,411 | -€456 | +€2,955 | +86.6% |
| Financial income | 75/76B | €813 | - | -€813 | |
| Recurring financial income | 75 | €813 | - | -€813 | |
| Financial charges | 65/66B | €132 | €125 | -€7 | -5.5% |
| Recurring financial charges | 65 | €132 | €125 | -€7 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,730 | -€581 | +€2,149 | +78.7% |
| Profit (loss) for the period | 9904 | -€2,730 | -€581 | +€2,149 | +78.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,730 | -€581 | +€2,149 | +78.7% |
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 18 October 2026 via checked.be.