IKAN DEVELOPMENT: 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.
IKAN DEVELOPMENT
Largest movements
- Receivables within one year -€156,974
down €156,974 (-77.3%), from €203,096 to €46,122
of which Trade receivables: -€153,721
- Cash +€48,528
up €48,528 (+77.2%), from €62,826 to €111,354
mainly Depreciation (+€262,139) and Receivables within one year (+€156,974)
- Intangible fixed assets +€27,288
up €27,288 (+3.9%), from €693,305 to €720,593
- Trade debts -€89,168
down €89,168 (-80.0%), from €111,507 to €22,339
- Accrued charges and deferred income +€57,141
up €57,141 (+35.8%), from €159,448 to €216,589
- Debts after one year -€33,641
down €33,641 (-1.2%), from €2.8m to €2.8m
- Tax, wage and social debts -€21,803
down €21,803 (-25.8%), from €84,491 to €62,688
of which Remuneration and social security: -€25,572
- Gross operating margin -€68,252
down €68,252 (-10.0%), from €684,389 to €616,137
- Other operating charges +€57,855
up €57,855 (+5186.4%), from €1,116 to €58,970
- Depreciation +€34,245
up €34,245 (+15.0%), from €227,894 to €262,139
- Staff costs -€18,301
down €18,301 (-6.8%), from €268,731 to €250,430
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 | €976,120 | €890,734 | -€85,387 | -8.7% |
| Fixed assets | 21/28 | €704,191 | €729,970 | +€25,779 | +3.7% |
| Intangible fixed assets | 21 | €693,305 | €720,593 | +€27,288 | +3.9% |
| Tangible fixed assets | 22/27 | €1,242 | €4,176 | +€2,934 | +236.3% |
| Furniture and vehicles | 24 | €1,242 | €4,176 | +€2,934 | +236.3% |
| Financial fixed assets | 28 | €9,644 | €5,200 | -€4,444 | -46.1% |
| Current assets | 29/58 | €271,930 | €160,764 | -€111,166 | -40.9% |
| Amounts receivable within one year | 40/41 | €203,096 | €46,122 | -€156,974 | -77.3% |
| Trade receivables | 40 | €198,329 | €44,608 | -€153,721 | -77.5% |
| Other amounts receivable | 41 | €4,767 | €1,514 | -€3,253 | -68.2% |
| Cash at bank and in hand | 54/58 | €62,826 | €111,354 | +€48,528 | +77.2% |
| Deferred charges and accrued income | 490/1 | €6,008 | €3,288 | -€2,720 | -45.3% |
| Total equity and liabilities | 10/49 | €976,120 | €890,734 | -€85,387 | -8.7% |
| Equity | 10/15 | -€2,267,084 | -€2,266,549 | +€535 | 0.0% |
| Contributions | 10/11 | €1,063,000 | €1,063,000 | = | 0.0% |
| Capital | 10 | €1,063,000 | €1,063,000 | = | 0.0% |
| Issued capital | 100 | €1,063,000 | €1,063,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,330,084 | -€3,329,549 | +€535 | 0.0% |
| Amounts payable | 17/49 | €3,243,204 | €3,157,282 | -€85,922 | -2.6% |
| Amounts payable after more than one year | 17 | €2,814,631 | €2,780,990 | -€33,641 | -1.2% |
| Financial debts | 170/4 | €2,814,631 | €2,780,990 | -€33,641 | -1.2% |
| Amounts payable within one year | 42/48 | €269,125 | €159,703 | -€109,422 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €45,220 | €46,964 | +€1,744 | +3.9% |
| Financial debts | 43 | €3,510 | €2,884 | -€625 | -17.8% |
| Credit institutions | 430/8 | €3,510 | €2,884 | -€625 | -17.8% |
| Trade debts | 44 | €111,507 | €22,339 | -€89,168 | -80.0% |
| Suppliers | 440/4 | €111,507 | €22,339 | -€89,168 | -80.0% |
| Taxes, remuneration and social security | 45 | €84,491 | €62,688 | -€21,803 | -25.8% |
| Taxes | 450/3 | €0 | €3,769 | +€3,769 | |
| Remuneration and social security | 454/9 | €84,491 | €58,919 | -€25,572 | -30.3% |
| Other amounts payable | 47/48 | €24,397 | €24,828 | +€430 | +1.8% |
| Accrued charges and deferred income | 492/3 | €159,448 | €216,589 | +€57,141 | +35.8% |
| Remuneration, social security and pensions | 62 | €268,731 | €250,430 | -€18,301 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,894 | €262,139 | +€34,245 | +15.0% |
| Other operating charges | 640/8 | €1,116 | €58,970 | +€57,855 | +5186.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €684,389 | €616,137 | -€68,252 | -10.0% |
| Operating profit (loss) | 9901 | €186,649 | €44,597 | -€142,052 | -76.1% |
| Financial income | 75/76B | €332 | €817 | +€485 | +146.1% |
| Recurring financial income | 75 | €332 | €817 | +€485 | +146.1% |
| Financial charges | 65/66B | €49,363 | €44,111 | -€5,252 | -10.6% |
| Recurring financial charges | 65 | €49,363 | €44,111 | -€5,252 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €137,618 | €1,303 | -€136,315 | -99.1% |
| Income taxes | 67/77 | €753 | €768 | +€15 | +2.0% |
| Profit (loss) for the period | 9904 | €136,865 | €535 | -€136,330 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €136,865 | €535 | -€136,330 | -99.6% |
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.