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
- Current investments +€135,661
up €135,661 (+109.2%), from €124,203 to €259,864
- Tangible fixed assets -€133,458
down €133,458 (-84.1%), from €158,666 to €25,207
of which Land and buildings: -€130,639
- Cash +€128,675
up €128,675 (+67.8%), from €189,869 to €318,544
mainly Net result for the year (+€148,736) and Investment in fixed assets (net) (+€130,086)
- Reserves +€62,830
up €62,830 (+13.9%), from €452,730 to €515,560
- Other debts +€59,927
up €59,927 (+1921.1%), from €3,119 to €63,047
- Gross operating margin +€133,440
up €133,440 (+168.2%), from €79,350 to €212,791
- Taxes +€36,833
up €36,833 (+161.9%), from €22,747 to €59,580
- Financial charges +€5,550
up €5,550 (+1048.5%), from €529 to €6,080
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 | €487,621 | €613,634 | +€126,013 | +25.8% |
| Fixed assets | 21/28 | €158,666 | €25,207 | -€133,458 | -84.1% |
| Tangible fixed assets | 22/27 | €158,666 | €25,207 | -€133,458 | -84.1% |
| Land and buildings | 22 | €152,912 | €22,274 | -€130,639 | -85.4% |
| Furniture and vehicles | 24 | €5,753 | €2,934 | -€2,820 | -49.0% |
| Current assets | 29/58 | €328,955 | €588,427 | +€259,471 | +78.9% |
| Amounts receivable within one year | 40/41 | €14,883 | €10,019 | -€4,864 | -32.7% |
| Trade receivables | 40 | €14,883 | €10,019 | -€4,864 | -32.7% |
| Current investments | 50/53 | €124,203 | €259,864 | +€135,661 | +109.2% |
| Cash at bank and in hand | 54/58 | €189,869 | €318,544 | +€128,675 | +67.8% |
| Total equity and liabilities | 10/49 | €487,621 | €613,634 | +€126,013 | +25.8% |
| Equity | 10/15 | €465,642 | €528,478 | +€62,836 | +13.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €452,730 | €515,560 | +€62,830 | +13.9% |
| Distributable reserves | 133 | €452,730 | €515,560 | +€62,830 | +13.9% |
| Profit (loss) carried forward | 14 | €512 | €518 | +€6 | +1.3% |
| Amounts payable | 17/49 | €21,979 | €85,156 | +€63,177 | +287.4% |
| Amounts payable within one year | 42/48 | €21,979 | €84,006 | +€62,027 | +282.2% |
| Trade debts | 44 | €1,208 | €263 | -€945 | -78.2% |
| Suppliers | 440/4 | €1,208 | €263 | -€945 | -78.2% |
| Taxes, remuneration and social security | 45 | €17,652 | €20,696 | +€3,044 | +17.2% |
| Taxes | 450/3 | €17,652 | €20,696 | +€3,044 | +17.2% |
| Other amounts payable | 47/48 | €3,119 | €63,047 | +€59,927 | +1921.1% |
| Accrued charges and deferred income | 492/3 | - | €1,150 | +€1,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,846 | €3,372 | +€527 | +18.5% |
| Other operating charges | 640/8 | €1,156 | €922 | -€234 | -20.2% |
| Gross operating margin | 9900 | €79,350 | €212,791 | +€133,440 | +168.2% |
| Operating profit (loss) | 9901 | €75,348 | €208,496 | +€133,148 | +176.7% |
| Financial income | 75/76B | €4,950 | €5,900 | +€950 | +19.2% |
| Recurring financial income | 75 | €4,950 | €5,900 | +€950 | +19.2% |
| Financial charges | 65/66B | €529 | €6,080 | +€5,550 | +1048.5% |
| Recurring financial charges | 65 | €529 | €6,080 | +€5,550 | +1048.5% |
| Profit (loss) for the period before taxes | 9903 | €79,769 | €208,317 | +€128,547 | +161.1% |
| Income taxes | 67/77 | €22,747 | €59,580 | +€36,833 | +161.9% |
| Profit (loss) for the period | 9904 | €57,022 | €148,736 | +€91,715 | +160.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,022 | €148,736 | +€91,715 | +160.8% |
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 11 October 2026 via checked.be.