IEPENBURG: 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.
IEPENBURG
Largest movements
- Cash +€35,935
up €35,935 (+165%), from €21,815 to €57,749
mainly Net result for the year (+€38,813) and Other debts (+€5,958)
- Profit (loss) carried forward +€38,813
up €38,813 (+27.8%), from -€139,800 to -€100,987
- Gross operating margin +€7,681
up €7,681 (+34.1%), from €22,522 to €30,203
- Financial income +€873
up €873 (+3.9%), from €22,392 to €23,265
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 | €2,368,135 | €2,414,575 | +€46,440 | +2.0% |
| Fixed assets | 21/28 | €1,265,968 | €1,260,449 | -€5,519 | -0.4% |
| Tangible fixed assets | 22/27 | €149,226 | €143,707 | -€5,519 | -3.7% |
| Land and buildings | 22 | €149,226 | €143,707 | -€5,519 | -3.7% |
| Financial fixed assets | 28 | €1,116,742 | €1,116,742 | = | 0.0% |
| Current assets | 29/58 | €1,102,167 | €1,154,126 | +€51,959 | +4.7% |
| Amounts receivable within one year | 40/41 | €1,080,352 | €1,096,376 | +€16,024 | +1.5% |
| Trade receivables | 40 | €14,059 | €4,379 | -€9,680 | -68.9% |
| Other amounts receivable | 41 | €1,066,293 | €1,091,997 | +€25,704 | +2.4% |
| Cash at bank and in hand | 54/58 | €21,815 | €57,749 | +€35,935 | +165% |
| Total equity and liabilities | 10/49 | €2,368,135 | €2,414,575 | +€46,440 | +2.0% |
| Equity | 10/15 | €2,060,200 | €2,099,013 | +€38,813 | +1.9% |
| Contributions | 10/11 | €651,000 | €651,000 | = | 0.0% |
| Capital | 10 | €651,000 | €651,000 | = | 0.0% |
| Issued capital | 100 | €651,000 | €651,000 | = | 0.0% |
| Reserves | 13 | €1,549,000 | €1,549,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,100 | €65,100 | = | 0.0% |
| Legal reserve | 130 | €65,100 | €65,100 | = | 0.0% |
| Distributable reserves | 133 | €1,483,900 | €1,483,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,800 | -€100,987 | +€38,813 | +27.8% |
| Amounts payable | 17/49 | €307,935 | €315,562 | +€7,628 | +2.5% |
| Amounts payable within one year | 42/48 | €307,935 | €315,562 | +€7,628 | +2.5% |
| Trade debts | 44 | €43 | €21 | -€21 | -50.0% |
| Suppliers | 440/4 | €43 | €21 | -€21 | -50.0% |
| Taxes, remuneration and social security | 45 | - | €1,691 | +€1,691 | |
| Taxes | 450/3 | - | €1,691 | +€1,691 | |
| Other amounts payable | 47/48 | €307,892 | €313,850 | +€5,958 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,519 | €5,519 | = | 0.0% |
| Other operating charges | 640/8 | €2,315 | €2,386 | +€71 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €22,522 | €30,203 | +€7,681 | +34.1% |
| Operating profit (loss) | 9901 | €14,688 | €22,298 | +€7,610 | +51.8% |
| Financial income | 75/76B | €22,392 | €23,265 | +€873 | +3.9% |
| Recurring financial income | 75 | €22,392 | €23,265 | +€873 | +3.9% |
| Financial charges | 65/66B | €6,663 | €6,750 | +€87 | +1.3% |
| Recurring financial charges | 65 | €6,663 | €6,750 | +€87 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €30,418 | €38,813 | +€8,395 | +27.6% |
| Profit (loss) for the period | 9904 | €30,418 | €38,813 | +€8,395 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,418 | €38,813 | +€8,395 | +27.6% |
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 31 October 2026 via checked.be.