IZZY BELGIUM: 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.
IZZY BELGIUM
Largest movements
- Receivables within one year +€102,805
up €102,805 (+44.2%), from €232,354 to €335,159
of which Trade receivables: +€101,773
- Tangible fixed assets -€4,697
down €4,697 (-27.1%), from €17,312 to €12,615
of which Plant, machinery and equipment: -€2,619
- Profit (loss) carried forward +€42,365
up €42,365 (+41.4%), from -€102,417 to -€60,052
- Other debts +€21,260
up €21,260 (+33.2%), from €63,993 to €85,253
- Advances received +€16,446
up €16,446 (+45.4%), from €36,199 to €52,645
- Tax, wage and social debts +€9,180
up €9,180 (+58.5%), from €15,692 to €24,872
of which Taxes: +€9,539
- Trade debts +€6,092
up €6,092 (+2.7%), from €228,360 to €234,452
- Gross operating margin +€43,347
up €43,347 (+123%), from €35,243 to €78,590
- Staff costs -€35,113
down €35,113 (-53.3%), from €65,853 to €30,740
- Depreciation +€1,924
up €1,924 (+69.4%), from €2,773 to €4,697
- Financial charges +€802
up €802, from -€354 to €447
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 | €260,437 | €355,779 | +€95,343 | +36.6% |
| Fixed assets | 21/28 | €19,812 | €15,115 | -€4,697 | -23.7% |
| Tangible fixed assets | 22/27 | €17,312 | €12,615 | -€4,697 | -27.1% |
| Plant, machinery and equipment | 23 | €7,078 | €4,458 | -€2,619 | -37.0% |
| Furniture and vehicles | 24 | €10,234 | €8,157 | -€2,078 | -20.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €240,625 | €340,664 | +€100,039 | +41.6% |
| Amounts receivable within one year | 40/41 | €232,354 | €335,159 | +€102,805 | +44.2% |
| Trade receivables | 40 | €222,422 | €324,194 | +€101,773 | +45.8% |
| Other amounts receivable | 41 | €9,933 | €10,965 | +€1,032 | +10.4% |
| Cash at bank and in hand | 54/58 | €7,253 | €4,535 | -€2,719 | -37.5% |
| Deferred charges and accrued income | 490/1 | €1,017 | €970 | -€47 | -4.6% |
| Total equity and liabilities | 10/49 | €260,437 | €355,779 | +€95,343 | +36.6% |
| Equity | 10/15 | -€83,808 | -€41,443 | +€42,365 | +50.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9 | €9 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9 | €9 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9 | €9 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,417 | -€60,052 | +€42,365 | +41.4% |
| Amounts payable | 17/49 | €344,244 | €397,222 | +€52,978 | +15.4% |
| Amounts payable within one year | 42/48 | €344,244 | €397,222 | +€52,978 | +15.4% |
| Trade debts | 44 | €228,360 | €234,452 | +€6,092 | +2.7% |
| Suppliers | 440/4 | €228,360 | €234,452 | +€6,092 | +2.7% |
| Advances received on contracts in progress | 46 | €36,199 | €52,645 | +€16,446 | +45.4% |
| Taxes, remuneration and social security | 45 | €15,692 | €24,872 | +€9,180 | +58.5% |
| Taxes | 450/3 | €6,413 | €15,953 | +€9,539 | +149% |
| Remuneration and social security | 454/9 | €9,279 | €8,920 | -€359 | -3.9% |
| Other amounts payable | 47/48 | €63,993 | €85,253 | +€21,260 | +33.2% |
| Remuneration, social security and pensions | 62 | €65,853 | €30,740 | -€35,113 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,773 | €4,697 | +€1,924 | +69.4% |
| Other operating charges | 640/8 | €62 | €348 | +€286 | +461% |
| Gross operating margin | 9900 | €35,243 | €78,590 | +€43,347 | +123% |
| Operating profit (loss) | 9901 | -€33,444 | €42,805 | +€76,250 | |
| Financial income | 75/76B | €0 | €7 | +€6 | +1,573% |
| Recurring financial income | 75 | €0 | €7 | +€6 | +1,573% |
| Financial charges | 65/66B | -€354 | €447 | +€802 | |
| Recurring financial charges | 65 | -€354 | €447 | +€802 | |
| Profit (loss) for the period before taxes | 9903 | -€33,090 | €42,365 | +€75,454 | |
| Profit (loss) for the period | 9904 | -€33,090 | €42,365 | +€75,454 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,090 | €42,365 | +€75,454 |
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 31 October 2026 via checked.be.