What changed?
Two fiscal 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
I2R Capital
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.22M
2024 · €1.75M-€524k
Equity
€66.29M
2024 · €65.06M+€1.22M
Cash
€1.61M
2024 · €1.28M+€325k
Balance sheet total
€78.47M
2024 · €75.77M+€2.70M
Largest movements
Assets
- Receivables after one year +€2.02M
up €2.02M (+193.3%), from €1.04M to €3.06M
Equity and liabilities
- Accrued charges and deferred income +€1.29M
up €1.29M (+336.1%), from €385k to €1.68M
- Profit (loss) carried forward +€1.22M
up €1.22M (+1.9%), from €64.21M to €65.43M
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€1.75M
Staff costs
-€307
Depreciation
+€2k
Provisions
-€780k
Other operating charges
-€582
Other operating items
-€48k
Financial income
-€155k
Financial charges
+€70k
Taxes
+€388k
Result 2025
€1.22M
Cash bridge derived
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.
From operations
+€1.53M
Investment
-€699k
Financing
-€505k
Cash 2024
€1.28M
From operations (derived)
+€1.53M
Net result for the year
+€1.22M
Depreciation
+€12k
Receivables after one year
-€2.02M
Receivables within one year
+€132k
Deferred charges and accrued income
+€193k
Provisions
+€668k
Trade debts
+€25k
Tax, wage and social debts
-€5k
Other debts
+€5k
Accrued charges and deferred income
+€1.29M
Investment (derived)
-€699k
Current investments
-€699k
Financing
-€505k
Debts after one year
-€505k
Cash 2025
€1.61M
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,771,212 | €78,474,753 | +€2.70M | +3.6% |
| Fixed assets | 21/28 | €4,131,931 | €4,120,203 | -€12k | -0.3% |
| Tangible fixed assets | 22/27 | €210,324 | €198,595 | -€12k | -5.6% |
| Land and buildings | 22 | €208,481 | €198,595 | -€10k | -4.7% |
| Plant, machinery and equipment | 23 | €1,842 | - | -€2k | |
| Financial fixed assets | 28 | €3,921,608 | €3,921,608 | = | 0.0% |
| Affiliated companies | 280/1 | €3,921,608 | €3,921,608 | = | 0.0% |
| Participating interests | 280 | €3,921,608 | €3,921,608 | = | 0.0% |
| Current assets | 29/58 | €71,639,281 | €74,354,550 | +€2.72M | +3.8% |
| Amounts receivable after more than one year | 29 | €1,043,367 | €3,060,456 | +€2.02M | +193.3% |
| Other amounts receivable | 291 | €1,043,367 | €3,060,456 | +€2.02M | +193.3% |
| Amounts receivable within one year | 40/41 | €550,759 | €418,747 | -€132k | -24.0% |
| Trade receivables | 40 | €112,627 | €91,792 | -€21k | -18.5% |
| Other amounts receivable | 41 | €438,131 | €326,955 | -€111k | -25.4% |
| Current investments | 50/53 | €68,567,785 | €69,266,620 | +€699k | +1.0% |
| Other investments | 51/53 | €68,567,785 | €69,266,620 | +€699k | +1.0% |
| Cash at bank and in hand | 54/58 | €1,281,847 | €1,606,520 | +€325k | +25.3% |
| Deferred charges and accrued income | 490/1 | €195,523 | €2,207 | -€193k | -98.9% |
| Total equity and liabilities | 10/49 | €75,771,212 | €78,474,753 | +€2.70M | +3.6% |
| Equity | 10/15 | €65,063,948 | €66,285,992 | +€1.22M | +1.9% |
| Contributions | 10/11 | €779,782 | €779,782 | = | 0.0% |
| Capital | 10 | €779,782 | €779,782 | = | 0.0% |
| Issued capital | 100 | €779,782 | €779,782 | = | 0.0% |
| Reserves | 13 | €78,164 | €78,164 | = | 0.0% |
| Non-distributable reserves | 130/1 | €78,010 | €78,010 | = | 0.0% |
| Legal reserve | 130 | €77,978 | €77,978 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32 | €32 | = | 0.0% |
| Tax-exempt reserves | 132 | €68 | €68 | = | 0.0% |
| Distributable reserves | 133 | €85 | €85 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,206,003 | €65,428,047 | +€1.22M | +1.9% |
| Provisions and deferred taxes | 16 | €820,832 | €1,489,105 | +€668k | +81.4% |
| Provisions for liabilities and charges | 160/5 | €820,832 | €1,489,105 | +€668k | +81.4% |
| Other liabilities and charges | 164/5 | €820,832 | €1,489,105 | +€668k | +81.4% |
| Amounts payable | 17/49 | €9,886,431 | €10,699,656 | +€813k | +8.2% |
| Amounts payable after more than one year | 17 | €9,457,100 | €8,952,100 | -€505k | -5.3% |
| Other amounts payable | 178/9 | €9,457,100 | €8,952,100 | -€505k | -5.3% |
| Amounts payable within one year | 42/48 | €44,614 | €69,972 | +€25k | +56.8% |
| Trade debts | 44 | €14,385 | €39,602 | +€25k | +175.3% |
| Suppliers | 440/4 | €14,385 | €39,602 | +€25k | +175.3% |
| Taxes, remuneration and social security | 45 | €30,189 | €25,238 | -€5k | -16.4% |
| Taxes | 450/3 | €28,945 | €24,161 | -€5k | -16.5% |
| Remuneration and social security | 454/9 | €1,244 | €1,076 | -€168 | -13.5% |
| Other amounts payable | 47/48 | €39 | €5,132 | +€5k | +12906.4% |
| Accrued charges and deferred income | 492/3 | €384,718 | €1,677,584 | +€1.29M | +336.1% |
| Operating income | 70/76A | €352,600 | €316,555 | -€36k | -10.2% |
| Other operating income | 74 | €352,600 | €316,555 | -€36k | -10.2% |
| Operating charges | 60/66A | €94,884 | €885,566 | +€791k | +833.3% |
| Services and other goods | 61 | €44,565 | €56,159 | +€12k | +26.0% |
| Remuneration, social security and pensions | 62 | €7,622 | €7,928 | +€307 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,578 | €11,728 | -€2k | -13.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €780,048 | +€780k | |
| Other operating charges | 640/8 | €29,120 | €29,702 | +€582 | +2.0% |
| Operating profit (loss) | 9901 | €257,716 | -€569,011 | -€827k | |
| Financial income | 75/76B | €2,861,168 | €2,705,908 | -€155k | -5.4% |
| Recurring financial income | 75 | €2,861,168 | €2,705,908 | -€155k | -5.4% |
| Income from current assets | 751 | €2,117,191 | €1,741,694 | -€375k | -17.7% |
| Other financial income | 752/9 | €743,977 | €964,213 | +€220k | +29.6% |
| Financial charges | 65/66B | €824,482 | €754,764 | -€70k | -8.5% |
| Recurring financial charges | 65 | €824,482 | €754,764 | -€70k | -8.5% |
| Debt charges | 650 | €628,890 | €608,618 | -€20k | -3.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€423,763 | -€474,162 | -€50k | -11.9% |
| Other financial charges | 652/9 | €619,355 | €620,308 | +€952 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €2,294,402 | €1,382,133 | -€912k | -39.8% |
| Income taxes | 67/77 | €548,388 | €160,089 | -€388k | -70.8% |
| Taxes | 670/3 | €548,388 | €160,089 | -€388k | -70.8% |
| Profit (loss) for the period | 9904 | €1,746,013 | €1,222,044 | -€524k | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,746,013 | €1,222,044 | -€524k | -30.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.