I.P.S. & Co: 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.S. & Co
Largest movements
- Tangible fixed assets -€16,942
down €16,942 (-16.1%), from €105,438 to €88,496
- Cash -€13,305
down €13,305 (-57.2%), from €23,276 to €9,971
mainly Debts after one year (-€29,035) and Net result for the year (-€4,987)
- Receivables within one year -€7,335
down €7,335 (-99.2%), from €7,393 to €58
of which Trade receivables: -€6,321
- Debts after one year -€29,035
down €29,035 (-54.3%), from €53,500 to €24,465
- Profit (loss) carried forward -€4,987
down €4,987 (-1.8%), from -€279,523 to -€284,510
- Advances received -€2,240
down €2,240 (-34.3%), from €6,533 to €4,293
- Financial charges -€2,590
down €2,590 (-59.3%), from €4,368 to €1,778
of which Financial charges: -€2,590
- Gross operating margin -€811
down €811 (-1.9%), from €43,276 to €42,465
- Other operating charges +€504
up €504 (+1.8%), from €28,422 to €28,926
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 | €136,107 | €98,525 | -€37,582 | -27.6% |
| Fixed assets | 21/28 | €105,438 | €88,496 | -€16,942 | -16.1% |
| Tangible fixed assets | 22/27 | €105,438 | €88,496 | -€16,942 | -16.1% |
| Land and buildings | 22 | €105,438 | €88,496 | -€16,942 | -16.1% |
| Current assets | 29/58 | €30,669 | €10,029 | -€20,640 | -67.3% |
| Amounts receivable within one year | 40/41 | €7,393 | €58 | -€7,335 | -99.2% |
| Trade receivables | 40 | €6,321 | - | -€6,321 | |
| Other amounts receivable | 41 | €1,072 | €58 | -€1,014 | -94.6% |
| Cash at bank and in hand | 54/58 | €23,276 | €9,971 | -€13,305 | -57.2% |
| Total equity and liabilities | 10/49 | €136,107 | €98,525 | -€37,582 | -27.6% |
| Equity | 10/15 | €74,220 | €69,233 | -€4,987 | -6.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €291,770 | €291,770 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Legal reserve | 130 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €287,270 | €287,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€279,523 | -€284,510 | -€4,987 | -1.8% |
| Amounts payable | 17/49 | €61,887 | €29,292 | -€32,595 | -52.7% |
| Amounts payable after more than one year | 17 | €53,500 | €24,465 | -€29,035 | -54.3% |
| Other amounts payable | 178/9 | €53,500 | €24,465 | -€29,035 | -54.3% |
| Amounts payable within one year | 42/48 | €8,387 | €4,827 | -€3,560 | -42.4% |
| Trade debts | 44 | €567 | €534 | -€33 | -5.8% |
| Suppliers | 440/4 | €567 | €534 | -€33 | -5.8% |
| Advances received on contracts in progress | 46 | €6,533 | €4,293 | -€2,240 | -34.3% |
| Taxes, remuneration and social security | 45 | €1,287 | - | -€1,287 | |
| Taxes | 450/3 | €1,287 | - | -€1,287 | |
| Non-recurring operating income | 76A | €68,204 | €281 | -€67,923 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,913 | €16,942 | +€29 | +0.2% |
| Other operating charges | 640/8 | €28,422 | €28,926 | +€504 | +1.8% |
| Non-recurring operating charges | 66A | €5,095 | - | -€5,095 | |
| Gross operating margin | 9900 | €43,276 | €42,465 | -€811 | -1.9% |
| Operating profit (loss) | 9901 | -€7,154 | -€3,403 | +€3,751 | +52.4% |
| Financial income | 75/76B | €48 | €194 | +€146 | +304% |
| Recurring financial income | 75 | €48 | €194 | +€146 | +304% |
| Financial charges | 65/66B | €4,368 | €1,778 | -€2,590 | -59.3% |
| Recurring financial charges | 65 | €4,368 | €1,778 | -€2,590 | -59.3% |
| Non-recurring financial charges | 66B | €4,368 | €1,778 | -€2,590 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,474 | -€4,987 | +€6,487 | +56.5% |
| Profit (loss) for the period | 9904 | -€11,474 | -€4,987 | +€6,487 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,474 | -€4,987 | +€6,487 | +56.5% |
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 28 October 2026 via checked.be.