IKALIA: what changed
Two fiscal 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.
IKALIA
Largest movements
- Cash -€310,870
down €310,870 (-97.0%), from €320,321 to €9,451
mainly Current investments (-€260,000) and Contributions, distributions and other (-€230,000)
- Current investments +€260,000
up €260,000 (+236.4%), from €110,000 to €370,000
- Receivables within one year +€42,841
up €42,841 (+46.3%), from €92,603 to €135,443
of which Trade receivables: +€78,801
- Other debts +€231,558
up €231,558 (+298.4%), from €77,592 to €309,150
- Profit (loss) carried forward -€223,747
down €223,747 (-52.5%), from €425,960 to €202,213
- Trade debts -€10,987
down €10,987 (-90.8%), from €12,100 to €1,113
- Accrued charges and deferred income -€9,937
no longer reported in 2025 (was €9,937)
- Financial income -€3,433
down €3,433 (-36.9%), from €9,296 to €5,864
- Depreciation -€2,159
down €2,159 (-38.7%), from €5,580 to €3,421
- Taxes -€2,145
down €2,145 (-34.5%), from €6,227 to €4,081
- Gross operating margin -€1,517
down €1,517 (-15.2%), from €10,010 to €8,493
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 | €547,624 | €536,820 | -€10,804 | -2.0% |
| Fixed assets | 21/28 | €24,700 | €21,305 | -€3,395 | -13.7% |
| Tangible fixed assets | 22/27 | €9,119 | €5,698 | -€3,421 | -37.5% |
| Plant, machinery and equipment | 23 | €601 | €262 | -€339 | -56.4% |
| Furniture and vehicles | 24 | €8,518 | €5,436 | -€3,082 | -36.2% |
| Financial fixed assets | 28 | €15,581 | €15,607 | +€26 | +0.2% |
| Current assets | 29/58 | €522,924 | €515,515 | -€7,409 | -1.4% |
| Amounts receivable within one year | 40/41 | €92,603 | €135,443 | +€42,841 | +46.3% |
| Trade receivables | 40 | €56,199 | €135,000 | +€78,801 | +140.2% |
| Other amounts receivable | 41 | €36,404 | €443 | -€35,960 | -98.8% |
| Current investments | 50/53 | €110,000 | €370,000 | +€260,000 | +236.4% |
| Cash at bank and in hand | 54/58 | €320,321 | €9,451 | -€310,870 | -97.0% |
| Deferred charges and accrued income | 490/1 | - | €620 | +€620 | |
| Total equity and liabilities | 10/49 | €547,624 | €536,820 | -€10,804 | -2.0% |
| Equity | 10/15 | €447,960 | €224,213 | -€223,747 | -49.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €425,960 | €202,213 | -€223,747 | -52.5% |
| Amounts payable | 17/49 | €99,664 | €312,606 | +€212,943 | +213.7% |
| Amounts payable within one year | 42/48 | €89,727 | €312,606 | +€222,880 | +248.4% |
| Trade debts | 44 | €12,100 | €1,113 | -€10,987 | -90.8% |
| Suppliers | 440/4 | €12,100 | €1,113 | -€10,987 | -90.8% |
| Taxes, remuneration and social security | 45 | €35 | €2,343 | +€2,309 | +6650.9% |
| Taxes | 450/3 | €35 | €2,343 | +€2,309 | +6650.9% |
| Other amounts payable | 47/48 | €77,592 | €309,150 | +€231,558 | +298.4% |
| Accrued charges and deferred income | 492/3 | €9,937 | - | -€9,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,580 | €3,421 | -€2,159 | -38.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,010 | €8,493 | -€1,517 | -15.2% |
| Operating profit (loss) | 9901 | €4,042 | €4,672 | +€630 | +15.6% |
| Financial income | 75/76B | €9,296 | €5,864 | -€3,433 | -36.9% |
| Recurring financial income | 75 | €9,296 | €5,864 | -€3,433 | -36.9% |
| Financial charges | 65/66B | €215 | €201 | -€14 | -6.5% |
| Recurring financial charges | 65 | €215 | €201 | -€14 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €13,124 | €10,335 | -€2,789 | -21.3% |
| Income taxes | 67/77 | €6,227 | €4,081 | -€2,145 | -34.5% |
| Profit (loss) for the period | 9904 | €6,897 | €6,253 | -€644 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,897 | €6,253 | -€644 | -9.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.