IEA INSIDER 2025
Financial Summary 2024
BY JAN-PETER BROEK
As in the previous year, the fiscal year 2024 ended with a positive operating result. The US dollar had a huge negative effect on the balance sheet compared to 2023. Due to changes in the economic climate at year end, the US dollar
strengthened compared to the Euro resulting in a revaluation of US$ 775,875 leading to a negative net result of US$ 377,811. Despite the revaluation Stichting IEA continued to strengthen its net equity as required after COVID-19. ■
Tables depicting IEA’s 2024 financial summary, including assets, net assets, liabilities, revenue and operating expenditure.
-
Note
2024 US$
2023 US$
ASSETS Fixed assets Intangible
-
22.631
32.277
Tangible
-
452.815
567.520
Project
-
314.190
462.802
Total fixed assets
789.635
1.062.599
5
Current assets Receivables
6
4.871.172
6.704.393
Cash at bank and in hand
-
13.220.765
12.475.833
Total current assets
18.091.937
19.180.226
-
Total assets
-
18.881.572
20.242.825
-
Note
2024 US$
2023 US$
NET ASSETS AND LIABILITIES
Continuity reserve
-
9.100.000
9.100.000
Project reserve/net assets
-
(5.240.325)
(4.862.514)
Total net assets
3.859.675
4.237.486
7
Project funds
8
10.785.200
8.556.449
Current liabilities
9
4.236.697
7.448.890
Total liabilities
15.021.897
16.005.339
-
Total net assets and liabilities
-
18.881.572
20.242.825
92
Made with FlippingBook - PDF hosting