I.P.D.: 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.
I.P.D.
Largest movements
- Cash -€364,200
down €364,200 (-89.4%), from €407,428 to €43,229
mainly Current investments (-€300,000) and Net result for the year (-€30,263)
- Current investments +€300,000
new in 2025: €300,000
- Receivables within one year +€7,999
up €7,999 (+19.6%), from €40,854 to €48,853
of which Other amounts receivable: +€7,185
- Profit (loss) carried forward -€30,263
down €30,263 (-13.7%), from €221,082 to €190,819
- Tax, wage and social debts -€22,968
down €22,968 (-100.0%), from €22,968 to €0
- Gross operating margin -€418,942
down €418,942, from €407,802 to -€11,141
- Taxes -€123,214
down €123,214 (-100.0%), from €123,214 to €0
- Other operating charges -€7,776
down €7,776 (-74.9%), from €10,376 to €2,601
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €785,606 | €728,639 | -€56,966 | -7.3% |
| Fixed assets | 21/28 | €232,761 | €230,984 | -€1,777 | -0.8% |
| Tangible fixed assets | 22/27 | €232,761 | €230,984 | -€1,777 | -0.8% |
| Land and buildings | 22 | €230,060 | €230,011 | -€49 | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,701 | €973 | -€1,728 | -64.0% |
| Current assets | 29/58 | €552,844 | €497,655 | -€55,189 | -10.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,854 | €48,853 | +€7,999 | +19.6% |
| Trade receivables | 40 | €2,107 | €2,922 | +€815 | +38.7% |
| Other amounts receivable | 41 | €38,747 | €45,931 | +€7,185 | +18.5% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €407,428 | €43,229 | -€364,200 | -89.4% |
| Deferred charges and accrued income | 490/1 | €4,562 | €5,574 | +€1,012 | +22.2% |
| Total equity and liabilities | 10/49 | €785,606 | €728,639 | -€56,966 | -7.3% |
| Equity | 10/15 | €755,203 | €724,941 | -€30,263 | -4.0% |
| Contributions | 10/11 | €82,894 | €82,894 | = | 0.0% |
| Capital | 10 | €82,894 | €82,894 | = | 0.0% |
| Issued capital | 100 | €82,894 | €82,894 | = | 0.0% |
| Revaluation surpluses | 12 | €116,777 | €112,075 | -€4,702 | -4.0% |
| Reserves | 13 | €334,451 | €339,153 | +€4,702 | +1.4% |
| Non-distributable reserves | 130/1 | €8,289 | €8,289 | = | 0.0% |
| Legal reserve | 130 | €8,289 | €8,289 | = | 0.0% |
| Distributable reserves | 133 | €326,162 | €330,864 | +€4,702 | +1.4% |
| Profit (loss) carried forward | 14 | €221,082 | €190,819 | -€30,263 | -13.7% |
| Amounts payable | 17/49 | €30,402 | €3,699 | -€26,703 | -87.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €26,158 | €2,805 | -€23,352 | -89.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,190 | €2,805 | -€385 | -12.1% |
| Suppliers | 440/4 | €3,190 | €2,805 | -€385 | -12.1% |
| Taxes, remuneration and social security | 45 | €22,968 | €0 | -€22,968 | -100.0% |
| Taxes | 450/3 | €22,968 | €0 | -€22,968 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,245 | €894 | -€3,351 | -78.9% |
| Non-recurring operating income | 76A | €430,471 | €0 | -€430,471 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,955 | €21,772 | +€2,817 | +14.9% |
| Other operating charges | 640/8 | €10,376 | €2,601 | -€7,776 | -74.9% |
| Non-recurring operating charges | 66A | €2,744 | €0 | -€2,744 | -100.0% |
| Gross operating margin | 9900 | €407,802 | -€11,141 | -€418,942 | |
| Operating profit (loss) | 9901 | €375,727 | -€35,513 | -€411,240 | |
| Financial income | 75/76B | €3,343 | €5,577 | +€2,234 | +66.8% |
| Recurring financial income | 75 | €3,343 | €5,577 | +€2,234 | +66.8% |
| Financial charges | 65/66B | €4,262 | €326 | -€3,935 | -92.3% |
| Recurring financial charges | 65 | €4,262 | €326 | -€3,935 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | €374,808 | -€30,263 | -€405,071 | |
| Income taxes | 67/77 | €123,214 | €0 | -€123,214 | -100.0% |
| Profit (loss) for the period | 9904 | €251,594 | -€30,263 | -€281,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €251,594 | -€30,263 | -€281,857 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.