IKAJOK: 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.
IKAJOK
Largest movements
- Receivables within one year +€127,475
up €127,475 (+269%), from €47,361 to €174,836
- Cash -€94,383
down €94,383 (-37.6%), from €251,173 to €156,790
mainly Receivables within one year (-€127,475) and Tax, wage and social debts (-€19,403)
- Tangible fixed assets -€30,815
down €30,815 (-31.8%), from €96,784 to €65,969
of which Furniture and vehicles: -€24,419
- Reserves +€39,934
up €39,934 (+14.4%), from €277,475 to €317,410
- Tax, wage and social debts -€19,403
down €19,403 (-65.8%), from €29,473 to €10,070
- Debts after one year -€18,721
down €18,721 (-30.1%), from €62,288 to €43,567
- Gross operating margin -€70,260
down €70,260 (-45.7%), from €153,790 to €83,530
- Taxes -€17,736
down €17,736 (-52.9%), from €33,506 to €15,770
- Depreciation -€5,885
down €5,885 (-16.0%), from €36,700 to €30,815
- Financial income +€4,616
up €4,616 (+200%), from €2,309 to €6,925
of which Financial income: +€4,616
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 | €395,861 | €398,597 | +€2,736 | +0.7% |
| Fixed assets | 21/28 | €96,784 | €65,969 | -€30,815 | -31.8% |
| Tangible fixed assets | 22/27 | €96,784 | €65,969 | -€30,815 | -31.8% |
| Plant, machinery and equipment | 23 | €20,123 | €13,727 | -€6,396 | -31.8% |
| Furniture and vehicles | 24 | €76,661 | €52,241 | -€24,419 | -31.9% |
| Current assets | 29/58 | €299,077 | €332,628 | +€33,551 | +11.2% |
| Amounts receivable within one year | 40/41 | €47,361 | €174,836 | +€127,475 | +269% |
| Other amounts receivable | 41 | €47,361 | €174,836 | +€127,475 | +269% |
| Cash at bank and in hand | 54/58 | €251,173 | €156,790 | -€94,383 | -37.6% |
| Deferred charges and accrued income | 490/1 | €544 | €1,003 | +€459 | +84.4% |
| Total equity and liabilities | 10/49 | €395,861 | €398,597 | +€2,736 | +0.7% |
| Equity | 10/15 | €282,475 | €322,410 | +€39,934 | +14.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €277,475 | €317,410 | +€39,934 | +14.4% |
| Distributable reserves | 133 | €277,475 | €317,410 | +€39,934 | +14.4% |
| Amounts payable | 17/49 | €113,386 | €76,187 | -€37,199 | -32.8% |
| Amounts payable after more than one year | 17 | €62,288 | €43,567 | -€18,721 | -30.1% |
| Financial debts | 170/4 | €62,288 | €43,567 | -€18,721 | -30.1% |
| Amounts payable within one year | 42/48 | €47,532 | €30,231 | -€17,301 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €17,899 | €18,721 | +€823 | +4.6% |
| Trade debts | 44 | €160 | €1,440 | +€1,280 | +798% |
| Suppliers | 440/4 | €160 | €1,440 | +€1,280 | +798% |
| Taxes, remuneration and social security | 45 | €29,473 | €10,070 | -€19,403 | -65.8% |
| Taxes | 450/3 | €29,473 | €10,070 | -€19,403 | -65.8% |
| Accrued charges and deferred income | 492/3 | €3,566 | €2,389 | -€1,177 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,700 | €30,815 | -€5,885 | -16.0% |
| Other operating charges | 640/8 | €693 | €553 | -€140 | -20.2% |
| Gross operating margin | 9900 | €153,790 | €83,530 | -€70,260 | -45.7% |
| Operating profit (loss) | 9901 | €116,397 | €52,162 | -€64,235 | -55.2% |
| Financial income | 75/76B | €2,309 | €6,925 | +€4,616 | +200% |
| Recurring financial income | 75 | €2,309 | €6,925 | +€4,616 | +200% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,707 | €3,382 | -€325 | -8.8% |
| Recurring financial charges | 65 | €3,707 | €3,382 | -€325 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €114,999 | €55,704 | -€59,294 | -51.6% |
| Income taxes | 67/77 | €33,506 | €15,770 | -€17,736 | -52.9% |
| Profit (loss) for the period | 9904 | €81,493 | €39,934 | -€41,559 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,493 | €39,934 | -€41,559 | -51.0% |
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 16 October 2026 via checked.be.