IEPERCOOL: 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.
IEPERCOOL
Largest movements
- Current investments +€200,000
up €200,000 (+66.7%), from €300,000 to €500,000
- Cash -€152,814
down €152,814 (-61.0%), from €250,460 to €97,646
mainly Debts after one year (-€1.0m) and Current investments (-€200,000)
- Debts after one year -€1.0m
down €1.0m (-17.0%), from €6.0m to €5.0m
of which Financial debts: -€1.0m
- Reserves +€551,355
up €551,355 (+122%), from €450,805 to €1.0m
- Current portion of long-term debt +€485,519
up €485,519 (+213%), from €227,832 to €713,351
- Accrued charges and deferred income +€83,335
up €83,335 (+631%), from €13,201 to €96,535
- Gross operating margin +€235,703
up €235,703 (+378%), from €62,349 to €298,052
- Financial income -€118,411
down €118,411 (-19.6%), from €603,225 to €484,814
- Financial charges +€16,891
up €16,891 (+7.9%), from €214,620 to €231,511
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 | €7,528,474 | €7,588,792 | +€60,318 | +0.8% |
| Fixed assets | 21/28 | €6,950,000 | €6,950,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,950,000 | €6,950,000 | = | 0.0% |
| Current assets | 29/58 | €578,474 | €638,792 | +€60,318 | +10.4% |
| Amounts receivable within one year | 40/41 | €28,014 | €41,146 | +€13,132 | +46.9% |
| Trade receivables | 40 | €27,045 | €38,720 | +€11,675 | +43.2% |
| Other amounts receivable | 41 | €969 | €2,426 | +€1,457 | +150% |
| Current investments | 50/53 | €300,000 | €500,000 | +€200,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €250,460 | €97,646 | -€152,814 | -61.0% |
| Total equity and liabilities | 10/49 | €7,528,474 | €7,588,792 | +€60,318 | +0.8% |
| Equity | 10/15 | €950,805 | €1,502,160 | +€551,355 | +58.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €450,805 | €1,002,160 | +€551,355 | +122% |
| Distributable reserves | 133 | €450,805 | €1,002,160 | +€551,355 | +122% |
| Amounts payable | 17/49 | €6,577,669 | €6,086,632 | -€491,037 | -7.5% |
| Amounts payable after more than one year | 17 | €5,972,168 | €4,956,765 | -€1.0m | -17.0% |
| Financial debts | 170/4 | €3,972,168 | €2,956,765 | -€1.0m | -25.6% |
| Other amounts payable | 178/9 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €592,301 | €1,033,332 | +€441,031 | +74.5% |
| Current portion of amounts payable after more than one year | 42 | €227,832 | €713,351 | +€485,519 | +213% |
| Trade debts | 44 | €12,909 | €36,393 | +€23,484 | +182% |
| Suppliers | 440/4 | €12,909 | €36,393 | +€23,484 | +182% |
| Taxes, remuneration and social security | 45 | €24,559 | €5,587 | -€18,972 | -77.3% |
| Taxes | 450/3 | €24,559 | €5,587 | -€18,972 | -77.3% |
| Other amounts payable | 47/48 | €327,000 | €278,000 | -€49,000 | -15.0% |
| Accrued charges and deferred income | 492/3 | €13,201 | €96,535 | +€83,335 | +631% |
| Other operating charges | 640/8 | €150 | - | -€150 | |
| Gross operating margin | 9900 | €62,349 | €298,052 | +€235,703 | +378% |
| Operating profit (loss) | 9901 | €62,199 | €298,052 | +€235,853 | +379% |
| Financial income | 75/76B | €603,225 | €484,814 | -€118,411 | -19.6% |
| Recurring financial income | 75 | €603,225 | €484,814 | -€118,411 | -19.6% |
| Financial charges | 65/66B | €214,620 | €231,511 | +€16,891 | +7.9% |
| Recurring financial charges | 65 | €214,620 | €231,511 | +€16,891 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €450,805 | €551,355 | +€100,550 | +22.3% |
| Profit (loss) for the period | 9904 | €450,805 | €551,355 | +€100,550 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €450,805 | €551,355 | +€100,550 | +22.3% |
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.