IKAN: what changed
IKAN
Largest movements
- Receivables within one year +€228,949
up €228,949 (+72.2%), from €317,033 to €545,983
of which Trade receivables: +€227,013
- Stocks and contracts +€31,450
new in 2025: €31,450
- Cash -€14,447
down €14,447 (-42.5%), from €33,961 to €19,513
mainly Receivables within one year (-€228,949) and Net result for the year (-€40,056)
- Trade debts +€214,768
up €214,768 (+675%), from €31,837 to €246,605
- Debts after one year +€78,316
up €78,316 (+57.0%), from €137,500 to €215,816
- Reserves -€29,466
down €29,466 (-17.7%), from €166,444 to €136,978
of which Distributable reserves: -€29,466
- Profit (loss) carried forward -€10,590
new in 2025: -€10,590
- Financial charges +€53,316
up €53,316 (+1,119%), from €4,766 to €58,083
- Gross operating margin +€13,192
up €13,192 (+149%), from €8,828 to €22,020
- Financial income -€2,906
down €2,906 (-99.4%), from €2,924 to €18
- Depreciation +€997
up €997 (+79.4%), from €1,255 to €2,252
- Taxes -€349
down €349 (-61.4%), from €568 to €219
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,156 | €606,950 | +€247,795 | +69.0% |
| Fixed assets | 21/28 | €7,122 | €8,870 | +€1,748 | +24.6% |
| Intangible fixed assets | 21 | - | €3,612 | +€3,612 | |
| Tangible fixed assets | 22/27 | €7,122 | €5,258 | -€1,864 | -26.2% |
| Furniture and vehicles | 24 | €7,122 | €5,258 | -€1,864 | -26.2% |
| Current assets | 29/58 | €352,034 | €598,080 | +€246,046 | +69.9% |
| Stocks and contracts in progress | 3 | - | €31,450 | +€31,450 | |
| Stocks | 30/36 | - | €31,450 | +€31,450 | |
| Amounts receivable within one year | 40/41 | €317,033 | €545,983 | +€228,949 | +72.2% |
| Trade receivables | 40 | €298,705 | €525,718 | +€227,013 | +76.0% |
| Other amounts receivable | 41 | €18,328 | €20,265 | +€1,937 | +10.6% |
| Cash at bank and in hand | 54/58 | €33,961 | €19,513 | -€14,447 | -42.5% |
| Deferred charges and accrued income | 490/1 | €1,040 | €1,134 | +€94 | +9.1% |
| Total equity and liabilities | 10/49 | €359,156 | €606,950 | +€247,795 | +69.0% |
| Equity | 10/15 | €178,844 | €138,788 | -€40,056 | -22.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €166,444 | €136,978 | -€29,466 | -17.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €166,444 | €136,978 | -€29,466 | -17.7% |
| Profit (loss) carried forward | 14 | - | -€10,590 | -€10,590 | |
| Amounts payable | 17/49 | €180,312 | €468,163 | +€287,851 | +160% |
| Amounts payable after more than one year | 17 | €137,500 | €215,816 | +€78,316 | +57.0% |
| Other amounts payable | 178/9 | €137,500 | €215,816 | +€78,316 | +57.0% |
| Amounts payable within one year | 42/48 | €42,812 | €252,347 | +€209,535 | +489% |
| Trade debts | 44 | €31,837 | €246,605 | +€214,768 | +675% |
| Suppliers | 440/4 | €31,837 | €246,605 | +€214,768 | +675% |
| Taxes, remuneration and social security | 45 | €0 | €219 | +€219 | |
| Taxes | 450/3 | €0 | €219 | +€219 | |
| Other amounts payable | 47/48 | €10,975 | €5,522 | -€5,453 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,255 | €2,252 | +€997 | +79.4% |
| Other operating charges | 640/8 | €1,653 | €1,541 | -€112 | -6.8% |
| Gross operating margin | 9900 | €8,828 | €22,020 | +€13,192 | +149% |
| Operating profit (loss) | 9901 | €5,920 | €18,227 | +€12,307 | +208% |
| Financial income | 75/76B | €2,924 | €18 | -€2,906 | -99.4% |
| Recurring financial income | 75 | €2,924 | €18 | -€2,906 | -99.4% |
| Financial charges | 65/66B | €4,766 | €58,083 | +€53,316 | +1,119% |
| Recurring financial charges | 65 | €4,766 | €58,083 | +€53,316 | +1,119% |
| Profit (loss) for the period before taxes | 9903 | €4,078 | -€39,837 | -€43,915 | |
| Income taxes | 67/77 | €568 | €219 | -€349 | -61.4% |
| Profit (loss) for the period | 9904 | €3,510 | -€40,056 | -€43,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,510 | -€40,056 | -€43,567 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.