IIphi: 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.
IIphi
Largest movements
- Stocks and contracts -€62,707
down €62,707 (-88.4%), from €70,913 to €8,206
- Tangible fixed assets -€15,223
down €15,223 (-18.4%), from €82,883 to €67,660
of which Land and buildings: -€8,082
- Receivables within one year +€2,525
up €2,525 (+54,420%), from €5 to €2,530
of which Trade receivables: +€2,530
- Profit (loss) carried forward -€49,266
down €49,266 (-65.5%), from -€75,251 to -€124,517
- Debts after one year -€13,249
down €13,249 (-9.1%), from €146,151 to €132,902
- Short-term financial debts -€10,588
down €10,588 (-62.0%), from €17,081 to €6,493
- Tax, wage and social debts -€5,246
down €5,246 (-68.8%), from €7,624 to €2,378
of which Taxes: -€5,256
- Other debts +€2,286
new in 2025: €2,286
- Gross operating margin -€27,060
down €27,060, from €5,521 to -€21,539
- Financial charges -€2,009
down €2,009 (-17.0%), from €11,814 to €9,805
- Depreciation -€1,791
down €1,791 (-9.8%), from €18,360 to €16,568
- Other operating charges -€639
down €639 (-34.8%), from €1,833 to €1,194
- Financial income -€270
down €270 (-97.4%), from €277 to €7
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 | €154,168 | €78,503 | -€75,666 | -49.1% |
| Fixed assets | 21/28 | €82,883 | €67,660 | -€15,223 | -18.4% |
| Tangible fixed assets | 22/27 | €82,883 | €67,660 | -€15,223 | -18.4% |
| Land and buildings | 22 | €57,758 | €49,676 | -€8,082 | -14.0% |
| Plant, machinery and equipment | 23 | €8,425 | €6,393 | -€2,031 | -24.1% |
| Furniture and vehicles | 24 | €16,700 | €11,591 | -€5,109 | -30.6% |
| Current assets | 29/58 | €71,285 | €10,843 | -€60,443 | -84.8% |
| Stocks and contracts in progress | 3 | €70,913 | €8,206 | -€62,707 | -88.4% |
| Stocks | 30/36 | €70,913 | €8,206 | -€62,707 | -88.4% |
| Amounts receivable within one year | 40/41 | €5 | €2,530 | +€2,525 | +54,420% |
| Trade receivables | 40 | - | €2,530 | +€2,530 | |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €367 | €107 | -€260 | -70.8% |
| Total equity and liabilities | 10/49 | €154,168 | €78,503 | -€75,666 | -49.1% |
| Equity | 10/15 | -€31,860 | -€81,126 | -€49,266 | -155% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €10,391 | €10,391 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,300 | €3,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,300 | €3,300 | = | 0.0% |
| Distributable reserves | 133 | €7,091 | €7,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,251 | -€124,517 | -€49,266 | -65.5% |
| Amounts payable | 17/49 | €186,028 | €159,629 | -€26,399 | -14.2% |
| Amounts payable after more than one year | 17 | €146,151 | €132,902 | -€13,249 | -9.1% |
| Financial debts | 170/4 | €146,151 | €132,902 | -€13,249 | -9.1% |
| Amounts payable within one year | 42/48 | €39,877 | €26,147 | -€13,730 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €12,683 | €13,249 | +€567 | +4.5% |
| Financial debts | 43 | €17,081 | €6,493 | -€10,588 | -62.0% |
| Credit institutions | 430/8 | €17,081 | €6,493 | -€10,588 | -62.0% |
| Trade debts | 44 | €2,489 | €1,740 | -€749 | -30.1% |
| Suppliers | 440/4 | €2,489 | €1,740 | -€749 | -30.1% |
| Taxes, remuneration and social security | 45 | €7,624 | €2,378 | -€5,246 | -68.8% |
| Taxes | 450/3 | €6,243 | €987 | -€5,256 | -84.2% |
| Remuneration and social security | 454/9 | €1,381 | €1,391 | +€10 | +0.7% |
| Other amounts payable | 47/48 | - | €2,286 | +€2,286 | |
| Accrued charges and deferred income | 492/3 | - | €580 | +€580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,360 | €16,568 | -€1,791 | -9.8% |
| Other operating charges | 640/8 | €1,833 | €1,194 | -€639 | -34.8% |
| Gross operating margin | 9900 | €5,521 | -€21,539 | -€27,060 | |
| Operating profit (loss) | 9901 | -€14,672 | -€39,301 | -€24,630 | -168% |
| Financial income | 75/76B | €277 | €7 | -€270 | -97.4% |
| Recurring financial income | 75 | €277 | €7 | -€270 | -97.4% |
| Financial charges | 65/66B | €11,814 | €9,805 | -€2,009 | -17.0% |
| Recurring financial charges | 65 | €11,814 | €9,805 | -€2,009 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,209 | -€49,099 | -€22,890 | -87.3% |
| Income taxes | 67/77 | €183 | €167 | -€15 | -8.3% |
| Profit (loss) for the period | 9904 | -€26,391 | -€49,266 | -€22,875 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,391 | -€49,266 | -€22,875 | -86.7% |
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.