I.P.P.: 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.P.
Largest movements
- Tangible fixed assets +€5,076
up €5,076 (+62.6%), from €8,104 to €13,180
of which Plant, machinery and equipment: +€5,786
- Cash -€4,817
down €4,817 (-18.3%), from €26,284 to €21,468
mainly Investment in fixed assets (net) (-€9,999) and Net result for the year (-€9,030)
- Receivables within one year -€4,549
down €4,549 (-11.0%), from €41,184 to €36,635
of which Trade receivables: -€6,646
- Stocks and contracts -€1,324
down €1,324 (-58.7%), from €2,255 to €932
- Profit (loss) carried forward -€9,030
down €9,030 (-10.5%), from -€86,031 to -€95,061
- Trade debts +€5,206
up €5,206 (+10.3%), from €50,334 to €55,540
- Current portion of long-term debt -€4,816
no longer reported in 2025 (was €4,816)
- Tax, wage and social debts +€2,760
up €2,760 (+14.7%), from €18,812 to €21,572
of which Remuneration and social security: +€2,596
- Gross operating margin -€35,988
down €35,988 (-24.6%), from €146,002 to €110,014
- Staff costs -€7,261
down €7,261 (-6.1%), from €119,147 to €111,886
- Taxes -€3,479
no longer reported in 2025 (was €3,479)
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 | €80,474 | €74,660 | -€5,814 | -7.2% |
| Fixed assets | 21/28 | €9,717 | €14,793 | +€5,076 | +52.2% |
| Tangible fixed assets | 22/27 | €8,104 | €13,180 | +€5,076 | +62.6% |
| Land and buildings | 22 | €1,460 | €730 | -€730 | -50.0% |
| Plant, machinery and equipment | 23 | €3,809 | €9,595 | +€5,786 | +152% |
| Furniture and vehicles | 24 | €2,835 | €2,855 | +€20 | +0.7% |
| Financial fixed assets | 28 | €1,613 | €1,613 | = | 0.0% |
| Current assets | 29/58 | €70,757 | €59,867 | -€10,890 | -15.4% |
| Stocks and contracts in progress | 3 | €2,255 | €932 | -€1,324 | -58.7% |
| Stocks | 30/36 | €2,255 | €932 | -€1,324 | -58.7% |
| Amounts receivable within one year | 40/41 | €41,184 | €36,635 | -€4,549 | -11.0% |
| Trade receivables | 40 | €28,086 | €21,440 | -€6,646 | -23.7% |
| Other amounts receivable | 41 | €13,098 | €15,195 | +€2,097 | +16.0% |
| Cash at bank and in hand | 54/58 | €26,284 | €21,468 | -€4,817 | -18.3% |
| Deferred charges and accrued income | 490/1 | €1,033 | €833 | -€200 | -19.3% |
| Total equity and liabilities | 10/49 | €80,474 | €74,660 | -€5,814 | -7.2% |
| Equity | 10/15 | -€33,078 | -€42,108 | -€9,030 | -27.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €34,360 | €34,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,501 | €32,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,031 | -€95,061 | -€9,030 | -10.5% |
| Amounts payable | 17/49 | €113,552 | €116,768 | +€3,216 | +2.8% |
| Amounts payable within one year | 42/48 | €113,552 | €116,768 | +€3,216 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €4,816 | - | -€4,816 | |
| Trade debts | 44 | €50,334 | €55,540 | +€5,206 | +10.3% |
| Suppliers | 440/4 | €50,334 | €55,540 | +€5,206 | +10.3% |
| Taxes, remuneration and social security | 45 | €18,812 | €21,572 | +€2,760 | +14.7% |
| Taxes | 450/3 | €10,200 | €10,364 | +€164 | +1.6% |
| Remuneration and social security | 454/9 | €8,612 | €11,207 | +€2,596 | +30.1% |
| Other amounts payable | 47/48 | €39,590 | €39,656 | +€66 | +0.2% |
| Remuneration, social security and pensions | 62 | €119,147 | €111,886 | -€7,261 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,567 | €4,924 | +€357 | +7.8% |
| Other operating charges | 640/8 | €3,001 | €1,632 | -€1,369 | -45.6% |
| Gross operating margin | 9900 | €146,002 | €110,014 | -€35,988 | -24.6% |
| Operating profit (loss) | 9901 | €19,287 | -€8,427 | -€27,715 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €654 | €605 | -€49 | -7.6% |
| Recurring financial charges | 65 | €654 | €605 | -€49 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €18,633 | -€9,030 | -€27,663 | |
| Income taxes | 67/77 | €3,479 | - | -€3,479 | |
| Profit (loss) for the period | 9904 | €15,154 | -€9,030 | -€24,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,154 | -€9,030 | -€24,184 |
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 23 October 2026 via checked.be.