I.K.S.: 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.
I.K.S.
Largest movements
- Receivables within one year +€25,150
up €25,150 (+109%), from €23,086 to €48,236
of which Other amounts receivable: +€21,494
- Cash +€17,438
up €17,438 (+20.8%), from €83,640 to €101,078
mainly Depreciation (+€21,990) and Net result for the year (+€21,915)
- Tangible fixed assets -€15,755
down €15,755 (-16.6%), from €94,682 to €78,928
of which Land and buildings: -€10,625
- Reserves +€21,000
up €21,000 (+21.7%), from €96,860 to €117,860
of which Distributable reserves: +€21,000
- Tax, wage and social debts +€12,639
up €12,639 (+138%), from €9,184 to €21,823
of which Taxes: +€12,357
- Trade debts -€5,042
down €5,042 (-66.1%), from €7,629 to €2,586
- Other debts -€2,452
no longer reported in 2025 (was €2,452)
- Gross operating margin -€3,470
down €3,470 (-4.1%), from €85,308 to €81,838
- Depreciation +€3,074
up €3,074 (+16.2%), from €18,916 to €21,990
- Taxes -€1,559
down €1,559 (-12.6%), from €12,336 to €10,777
- Staff costs +€1,346
up €1,346 (+5.7%), from €23,606 to €24,952
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 | €201,600 | €228,660 | +€27,060 | +13.4% |
| Fixed assets | 21/28 | €94,682 | €78,928 | -€15,755 | -16.6% |
| Tangible fixed assets | 22/27 | €94,682 | €78,928 | -€15,755 | -16.6% |
| Land and buildings | 22 | €58,750 | €48,125 | -€10,625 | -18.1% |
| Plant, machinery and equipment | 23 | €18,901 | €14,662 | -€4,239 | -22.4% |
| Furniture and vehicles | 24 | €17,031 | €16,140 | -€891 | -5.2% |
| Current assets | 29/58 | €106,918 | €149,732 | +€42,814 | +40.0% |
| Amounts receivable within one year | 40/41 | €23,086 | €48,236 | +€25,150 | +109% |
| Trade receivables | 40 | €18,575 | €22,230 | +€3,656 | +19.7% |
| Other amounts receivable | 41 | €4,511 | €26,006 | +€21,494 | +476% |
| Cash at bank and in hand | 54/58 | €83,640 | €101,078 | +€17,438 | +20.8% |
| Deferred charges and accrued income | 490/1 | €192 | €419 | +€227 | +118% |
| Total equity and liabilities | 10/49 | €201,600 | €228,660 | +€27,060 | +13.4% |
| Equity | 10/15 | €182,335 | €204,251 | +€21,915 | +12.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,860 | €117,860 | +€21,000 | +21.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €116,000 | +€21,000 | +22.1% |
| Profit (loss) carried forward | 14 | €79,275 | €80,191 | +€915 | +1.2% |
| Amounts payable | 17/49 | €19,265 | €24,409 | +€5,145 | +26.7% |
| Amounts payable within one year | 42/48 | €19,265 | €24,409 | +€5,145 | +26.7% |
| Trade debts | 44 | €7,629 | €2,586 | -€5,042 | -66.1% |
| Suppliers | 440/4 | €7,629 | €2,586 | -€5,042 | -66.1% |
| Taxes, remuneration and social security | 45 | €9,184 | €21,823 | +€12,639 | +138% |
| Taxes | 450/3 | €11 | €12,369 | +€12,357 | +110,137% |
| Remuneration and social security | 454/9 | €9,173 | €9,454 | +€282 | +3.1% |
| Other amounts payable | 47/48 | €2,452 | - | -€2,452 | |
| Remuneration, social security and pensions | 62 | €23,606 | €24,952 | +€1,346 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,916 | €21,990 | +€3,074 | +16.2% |
| Other operating charges | 640/8 | €2,561 | €2,633 | +€72 | +2.8% |
| Gross operating margin | 9900 | €85,308 | €81,838 | -€3,470 | -4.1% |
| Operating profit (loss) | 9901 | €40,225 | €32,263 | -€7,962 | -19.8% |
| Financial income | 75/76B | €62 | €682 | +€620 | +999% |
| Recurring financial income | 75 | €62 | €682 | +€620 | +999% |
| Financial charges | 65/66B | €542 | €253 | -€289 | -53.3% |
| Recurring financial charges | 65 | €542 | €253 | -€289 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €39,745 | €32,692 | -€7,053 | -17.7% |
| Income taxes | 67/77 | €12,336 | €10,777 | -€1,559 | -12.6% |
| Profit (loss) for the period | 9904 | €27,409 | €21,915 | -€5,494 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,409 | €21,915 | -€5,494 | -20.0% |
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 14 October 2026 via checked.be.