I-PL: 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-PL
Largest movements
- Current investments +€254,021
up €254,021 (+23.5%), from €1.1m to €1.3m
- Receivables within one year -€224,117
down €224,117 (-68.0%), from €329,690 to €105,573
of which Trade receivables: -€219,216
- Cash +€142,008
up €142,008 (+41.7%), from €340,831 to €482,839
mainly Other debts (+€347,554) and Net result for the year (+€245,219)
- Other debts +€347,554
up €347,554 (+1894.3%), from €18,348 to €365,901
- Tax, wage and social debts -€99,192
down €99,192 (-90.3%), from €109,867 to €10,675
of which Taxes: -€106,137
- Reserves -€42,276
down €42,276 (-2.7%), from €1.6m to €1.5m
- Accrued charges and deferred income -€19,410
no longer reported in 2024 (was €19,410)
- Gross operating margin -€78,781
down €78,781 (-18.8%), from €419,299 to €340,518
- Taxes -€35,700
down €35,700 (-24.5%), from €145,746 to €110,046
- Financial income -€12,235
down €12,235 (-37.5%), from €32,625 to €20,390
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,759,225 | €1,928,460 | +€169,235 | +9.6% |
| Fixed assets | 21/28 | €7,982 | €5,350 | -€2,631 | -33.0% |
| Tangible fixed assets | 22/27 | €7,982 | €5,350 | -€2,631 | -33.0% |
| Furniture and vehicles | 24 | €7,982 | €5,350 | -€2,631 | -33.0% |
| Current assets | 29/58 | €1,751,243 | €1,923,110 | +€171,866 | +9.8% |
| Amounts receivable within one year | 40/41 | €329,690 | €105,573 | -€224,117 | -68.0% |
| Trade receivables | 40 | €321,481 | €102,265 | -€219,216 | -68.2% |
| Other amounts receivable | 41 | €8,209 | €3,308 | -€4,902 | -59.7% |
| Current investments | 50/53 | €1,079,741 | €1,333,762 | +€254,021 | +23.5% |
| Cash at bank and in hand | 54/58 | €340,831 | €482,839 | +€142,008 | +41.7% |
| Deferred charges and accrued income | 490/1 | €982 | €936 | -€46 | -4.7% |
| Total equity and liabilities | 10/49 | €1,759,225 | €1,928,460 | +€169,235 | +9.6% |
| Equity | 10/15 | €1,570,662 | €1,528,385 | -€42,276 | -2.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,558,262 | €1,515,985 | -€42,276 | -2.7% |
| Distributable reserves | 133 | €1,558,262 | €1,515,985 | -€42,276 | -2.7% |
| Amounts payable | 17/49 | €188,563 | €400,075 | +€211,512 | +112.2% |
| Amounts payable within one year | 42/48 | €169,153 | €400,075 | +€230,922 | +136.5% |
| Trade debts | 44 | €40,938 | €23,498 | -€17,440 | -42.6% |
| Suppliers | 440/4 | €40,938 | €23,498 | -€17,440 | -42.6% |
| Taxes, remuneration and social security | 45 | €109,867 | €10,675 | -€99,192 | -90.3% |
| Taxes | 450/3 | €109,867 | €3,730 | -€106,137 | -96.6% |
| Remuneration and social security | 454/9 | - | €6,945 | +€6,945 | |
| Other amounts payable | 47/48 | €18,348 | €365,901 | +€347,554 | +1894.3% |
| Accrued charges and deferred income | 492/3 | €19,410 | - | -€19,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,279 | €3,632 | +€354 | +10.8% |
| Other operating charges | 640/8 | €1,147 | €1,114 | -€33 | -2.9% |
| Gross operating margin | 9900 | €419,299 | €340,518 | -€78,781 | -18.8% |
| Operating profit (loss) | 9901 | €414,873 | €335,772 | -€79,101 | -19.1% |
| Financial income | 75/76B | €32,625 | €20,390 | -€12,235 | -37.5% |
| Recurring financial income | 75 | €32,625 | €20,390 | -€12,235 | -37.5% |
| Financial charges | 65/66B | €3,096 | €897 | -€2,199 | -71.0% |
| Recurring financial charges | 65 | €3,096 | €897 | -€2,199 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €444,402 | €355,265 | -€89,137 | -20.1% |
| Income taxes | 67/77 | €145,746 | €110,046 | -€35,700 | -24.5% |
| Profit (loss) for the period | 9904 | €298,656 | €245,219 | -€53,438 | -17.9% |
| Transfer from tax-exempt reserves | 789 | €68,916 | - | -€68,916 | |
| Profit (loss) for the period to be appropriated | 9905 | €367,573 | €245,219 | -€122,354 | -33.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.