I.P.B.: 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.P.B.
Largest movements
- Cash -€149,615
down €149,615 (-92.6%), from €161,493 to €11,878
mainly Other debts (-€142,763) and Receivables within one year (-€2,590)
- Receivables within one year +€2,590
up €2,590 (+191%), from €1,356 to €3,945
of which Trade receivables: +€2,900
- Other debts -€142,763
no longer reported in 2025 (was €142,763)
- Profit (loss) carried forward -€2,463
down €2,463 (-10.5%), from -€23,351 to -€25,814
- Gross operating margin +€31,892
up €31,892, from -€8,558 to €23,333
- Staff costs +€25,091
new in 2025: €25,091
- Other operating charges -€1,734
down €1,734 (-77.4%), from €2,241 to €507
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 | €164,553 | €18,309 | -€146,244 | -88.9% |
| Fixed assets | 21/28 | €1,679 | €2,460 | +€781 | +46.5% |
| Tangible fixed assets | 22/27 | €1,679 | €2,460 | +€781 | +46.5% |
| Land and buildings | 22 | €1,679 | €1,573 | -€106 | -6.3% |
| Furniture and vehicles | 24 | - | €887 | +€887 | |
| Current assets | 29/58 | €162,875 | €15,849 | -€147,026 | -90.3% |
| Amounts receivable within one year | 40/41 | €1,356 | €3,945 | +€2,590 | +191% |
| Trade receivables | 40 | - | €2,900 | +€2,900 | |
| Other amounts receivable | 41 | €1,356 | €1,045 | -€310 | -22.9% |
| Cash at bank and in hand | 54/58 | €161,493 | €11,878 | -€149,615 | -92.6% |
| Deferred charges and accrued income | 490/1 | €26 | €26 | = | 0.0% |
| Total equity and liabilities | 10/49 | €164,553 | €18,309 | -€146,244 | -88.9% |
| Equity | 10/15 | €20,638 | €18,176 | -€2,463 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,390 | €25,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,724 | €9,724 | = | 0.0% |
| Distributable reserves | 133 | €13,806 | €13,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,351 | -€25,814 | -€2,463 | -10.5% |
| Amounts payable | 17/49 | €143,915 | €133 | -€143,782 | -99.9% |
| Amounts payable within one year | 42/48 | €143,915 | €133 | -€143,782 | -99.9% |
| Trade debts | 44 | €198 | €133 | -€64 | -32.5% |
| Suppliers | 440/4 | €198 | €133 | -€64 | -32.5% |
| Taxes, remuneration and social security | 45 | €955 | - | -€955 | |
| Taxes | 450/3 | €955 | - | -€955 | |
| Other amounts payable | 47/48 | €142,763 | - | -€142,763 | |
| Remuneration, social security and pensions | 62 | - | €25,091 | +€25,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €175 | -€190 | -52.1% |
| Other operating charges | 640/8 | €2,241 | €507 | -€1,734 | -77.4% |
| Non-recurring operating charges | 66A | €168,053 | - | -€168,053 | |
| Gross operating margin | 9900 | -€8,558 | €23,333 | +€31,892 | |
| Operating profit (loss) | 9901 | -€179,217 | -€2,440 | +€176,777 | +98.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €52 | €23 | -€29 | -56.4% |
| Recurring financial charges | 65 | €52 | €23 | -€29 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | -€179,268 | -€2,463 | +€176,806 | +98.6% |
| Profit (loss) for the period | 9904 | -€179,268 | -€2,463 | +€176,806 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€179,268 | -€2,463 | +€176,806 | +98.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.