IKAIKA: 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.
IKAIKA
Largest movements
- Cash -€29,656
down €29,656 (-73.9%), from €40,137 to €10,481
mainly Contributions, distributions and other (-€23,529) and Investment in fixed assets (net) (-€17,656)
- Tangible fixed assets +€9,377
up €9,377 (+57.6%), from €16,268 to €25,645
of which Plant, machinery and equipment: +€9,607
- Reserves -€28,940
down €28,940 (-42.2%), from €68,573 to €39,633
- Other debts +€23,529
up €23,529, from €0 to €23,529
- Trade debts -€11,713
down €11,713 (-87.8%), from €13,338 to €1,624
- Tax, wage and social debts -€3,452
down €3,452 (-45.3%), from €7,615 to €4,163
- Gross operating margin -€2,335
down €2,335 (-26.6%), from €8,793 to €6,458
- Depreciation -€1,915
down €1,915 (-18.8%), from €10,194 to €8,279
- Financial income +€626
up €626 (+179.5%), from €349 to €975
- Financial charges -€274
down €274 (-8.5%), from €3,213 to €2,939
of which Financial charges: -€274
- Other operating charges -€98
down €98 (-9.6%), from €1,021 to €923
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.
Cash bridge derived
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 | €108,259 | €87,645 | -€20,615 | -19.0% |
| Fixed assets | 21/28 | €16,268 | €25,645 | +€9,377 | +57.6% |
| Tangible fixed assets | 22/27 | €16,268 | €25,645 | +€9,377 | +57.6% |
| Plant, machinery and equipment | 23 | €12,096 | €21,702 | +€9,607 | +79.4% |
| Furniture and vehicles | 24 | €4,172 | €3,943 | -€230 | -5.5% |
| Current assets | 29/58 | €91,991 | €62,000 | -€29,992 | -32.6% |
| Amounts receivable within one year | 40/41 | €51,854 | €51,367 | -€488 | -0.9% |
| Trade receivables | 40 | €44,105 | €32,895 | -€11,210 | -25.4% |
| Other amounts receivable | 41 | €7,749 | €18,471 | +€10,722 | +138.4% |
| Cash at bank and in hand | 54/58 | €40,137 | €10,481 | -€29,656 | -73.9% |
| Deferred charges and accrued income | 490/1 | €0 | €152 | +€152 | |
| Total equity and liabilities | 10/49 | €108,259 | €87,645 | -€20,615 | -19.0% |
| Equity | 10/15 | €87,173 | €58,233 | -€28,940 | -33.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,573 | €39,633 | -€28,940 | -42.2% |
| Distributable reserves | 133 | €68,573 | €39,633 | -€28,940 | -42.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,087 | €29,412 | +€8,325 | +39.5% |
| Amounts payable within one year | 42/48 | €20,952 | €29,317 | +€8,364 | +39.9% |
| Trade debts | 44 | €13,338 | €1,624 | -€11,713 | -87.8% |
| Suppliers | 440/4 | €13,338 | €1,624 | -€11,713 | -87.8% |
| Taxes, remuneration and social security | 45 | €7,615 | €4,163 | -€3,452 | -45.3% |
| Taxes | 450/3 | €7,615 | €4,163 | -€3,452 | -45.3% |
| Other amounts payable | 47/48 | €0 | €23,529 | +€23,529 | |
| Accrued charges and deferred income | 492/3 | €135 | €95 | -€39 | -29.3% |
| Remuneration, social security and pensions | 62 | €458 | €476 | +€19 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,194 | €8,279 | -€1,915 | -18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,021 | €923 | -€98 | -9.6% |
| Gross operating margin | 9900 | €8,793 | €6,458 | -€2,335 | -26.6% |
| Operating profit (loss) | 9901 | -€2,880 | -€3,220 | -€340 | -11.8% |
| Financial income | 75/76B | €349 | €975 | +€626 | +179.5% |
| Recurring financial income | 75 | €349 | €975 | +€626 | +179.5% |
| Financial charges | 65/66B | €3,213 | €2,939 | -€274 | -8.5% |
| Recurring financial charges | 65 | €3,213 | €2,939 | -€274 | -8.5% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€5,744 | -€5,184 | +€560 | +9.7% |
| Income taxes | 67/77 | €247 | €227 | -€21 | -8.4% |
| Profit (loss) for the period | 9904 | -€5,991 | -€5,410 | +€580 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,991 | -€5,410 | +€580 | +9.7% |
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 9 October 2026 via checked.be.