I.K.U.: 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.U.
Largest movements
- Tangible fixed assets +€73,284
up €73,284 (+13.8%), from €531,111 to €604,395
of which Leasing and similar rights: +€96,934
- Profit (loss) carried forward +€106,583
up €106,583 (+16.8%), from €633,574 to €740,156
- Other debts -€84,044
down €84,044 (-11.9%), from €705,933 to €621,889
- Debts after one year +€47,884
up €47,884 (+45.6%), from €104,956 to €152,840
- Gross operating margin +€148,180
up €148,180 (+166%), from €89,496 to €237,675
- Financial income -€59,996
down €59,996 (-100%), from €59,996 to €0
- Taxes +€43,171
up €43,171 (+2,212%), from €1,952 to €45,122
- Financial charges -€14,043
down €14,043 (-21.9%), from €64,183 to €50,140
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 | €3,102,450 | €3,181,449 | +€78,999 | +2.5% |
| Fixed assets | 21/28 | €3,081,885 | €3,155,169 | +€73,284 | +2.4% |
| Tangible fixed assets | 22/27 | €531,111 | €604,395 | +€73,284 | +13.8% |
| Land and buildings | 22 | €531,111 | €507,461 | -€23,650 | -4.5% |
| Leasing and similar rights | 25 | - | €96,934 | +€96,934 | |
| Financial fixed assets | 28 | €2,550,775 | €2,550,775 | = | 0.0% |
| Current assets | 29/58 | €20,565 | €26,279 | +€5,715 | +27.8% |
| Cash at bank and in hand | 54/58 | €18,872 | €26,279 | +€7,407 | +39.2% |
| Deferred charges and accrued income | 490/1 | €1,692 | €0 | -€1,692 | -100% |
| Total equity and liabilities | 10/49 | €3,102,450 | €3,181,449 | +€78,999 | +2.5% |
| Equity | 10/15 | €2,113,067 | €2,219,650 | +€106,583 | +5.0% |
| Contributions | 10/11 | €1,436,265 | €1,436,265 | = | 0.0% |
| Reserves | 13 | €43,228 | €43,228 | = | 0.0% |
| Distributable reserves | 133 | €43,228 | €43,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | €633,574 | €740,156 | +€106,583 | +16.8% |
| Amounts payable | 17/49 | €989,383 | €961,799 | -€27,584 | -2.8% |
| Amounts payable after more than one year | 17 | €104,956 | €152,840 | +€47,884 | +45.6% |
| Financial debts | 170/4 | €104,956 | €152,840 | +€47,884 | +45.6% |
| Amounts payable within one year | 42/48 | €832,937 | €769,759 | -€63,178 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €31,273 | €48,294 | +€17,021 | +54.4% |
| Trade debts | 44 | €58,819 | €55,905 | -€2,914 | -5.0% |
| Suppliers | 440/4 | €58,819 | €55,905 | -€2,914 | -5.0% |
| Taxes, remuneration and social security | 45 | €36,912 | €43,671 | +€6,759 | +18.3% |
| Taxes | 450/3 | €36,912 | €43,671 | +€6,759 | +18.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €705,933 | €621,889 | -€84,044 | -11.9% |
| Accrued charges and deferred income | 492/3 | €51,490 | €39,200 | -€12,289 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,650 | €24,332 | +€682 | +2.9% |
| Other operating charges | 640/8 | €10,451 | €10,980 | +€529 | +5.1% |
| Non-recurring operating charges | 66A | - | €518 | +€518 | |
| Gross operating margin | 9900 | €89,496 | €237,675 | +€148,180 | +166% |
| Operating profit (loss) | 9901 | €55,394 | €201,846 | +€146,451 | +264% |
| Financial income | 75/76B | €59,996 | €0 | -€59,996 | -100% |
| Recurring financial income | 75 | €59,996 | €0 | -€59,996 | -100% |
| Financial charges | 65/66B | €64,183 | €50,140 | -€14,043 | -21.9% |
| Recurring financial charges | 65 | €64,183 | €50,140 | -€14,043 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €51,208 | €151,705 | +€100,498 | +196% |
| Income taxes | 67/77 | €1,952 | €45,122 | +€43,171 | +2,212% |
| Profit (loss) for the period | 9904 | €49,256 | €106,583 | +€57,327 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €49,256 | €106,583 | +€57,327 | +116% |
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 24 October 2026 via checked.be.