IKARA: 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.
IKARA
Largest movements
- Current investments +€95,000
up €95,000 (+19.0%), from €500,000 to €595,000
- Cash -€22,605
down €22,605 (-19.7%), from €114,932 to €92,327
mainly Current investments (-€95,000) and Trade debts (-€5,503)
- Reserves +€60,571
up €60,571 (+10.9%), from €553,298 to €613,869
- Other debts +€13,489
up €13,489 (+24.3%), from €55,532 to €69,022
- Financial income -€5,178
down €5,178 (-30.2%), from €17,126 to €11,948
- Taxes +€1,440
up €1,440 (+5.2%), from €27,561 to €29,001
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 | €632,892 | €701,618 | +€68,726 | +10.9% |
| Fixed assets | 21/28 | €3,093 | €2,280 | -€814 | -26.3% |
| Tangible fixed assets | 22/27 | €3,093 | €2,280 | -€814 | -26.3% |
| Land and buildings | 22 | €1,210 | €1,113 | -€98 | -8.1% |
| Furniture and vehicles | 24 | €1,883 | €1,167 | -€716 | -38.0% |
| Current assets | 29/58 | €629,799 | €699,338 | +€69,539 | +11.0% |
| Amounts receivable within one year | 40/41 | €10,742 | €6,997 | -€3,745 | -34.9% |
| Trade receivables | 40 | €5,469 | €5,082 | -€387 | -7.1% |
| Other amounts receivable | 41 | €5,273 | €1,915 | -€3,358 | -63.7% |
| Current investments | 50/53 | €500,000 | €595,000 | +€95,000 | +19.0% |
| Cash at bank and in hand | 54/58 | €114,932 | €92,327 | -€22,605 | -19.7% |
| Deferred charges and accrued income | 490/1 | €4,125 | €5,014 | +€889 | +21.6% |
| Total equity and liabilities | 10/49 | €632,892 | €701,618 | +€68,726 | +10.9% |
| Equity | 10/15 | €565,698 | €626,269 | +€60,571 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €553,298 | €613,869 | +€60,571 | +10.9% |
| Distributable reserves | 133 | €553,298 | €613,869 | +€60,571 | +10.9% |
| Amounts payable | 17/49 | €67,194 | €75,349 | +€8,154 | +12.1% |
| Amounts payable within one year | 42/48 | €63,622 | €71,629 | +€8,007 | +12.6% |
| Trade debts | 44 | €6,215 | €712 | -€5,503 | -88.5% |
| Suppliers | 440/4 | €6,215 | €712 | -€5,503 | -88.5% |
| Taxes, remuneration and social security | 45 | €1,875 | €1,895 | +€20 | +1.1% |
| Taxes | 450/3 | €1,875 | €1,895 | +€20 | +1.1% |
| Other amounts payable | 47/48 | €55,532 | €69,022 | +€13,489 | +24.3% |
| Accrued charges and deferred income | 492/3 | €3,572 | €3,720 | +€147 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,374 | €814 | -€560 | -40.8% |
| Other operating charges | 640/8 | €231 | €957 | +€726 | +314% |
| Gross operating margin | 9900 | €82,665 | €83,239 | +€574 | +0.7% |
| Operating profit (loss) | 9901 | €81,060 | €81,468 | +€408 | +0.5% |
| Financial income | 75/76B | €17,126 | €11,948 | -€5,178 | -30.2% |
| Recurring financial income | 75 | €17,126 | €11,948 | -€5,178 | -30.2% |
| Financial charges | 65/66B | €3,704 | €3,845 | +€140 | +3.8% |
| Recurring financial charges | 65 | €3,704 | €3,845 | +€140 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €94,482 | €89,572 | -€4,910 | -5.2% |
| Income taxes | 67/77 | €27,561 | €29,001 | +€1,440 | +5.2% |
| Profit (loss) for the period | 9904 | €66,921 | €60,571 | -€6,350 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,921 | €60,571 | -€6,350 | -9.5% |
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 26 October 2026 via checked.be.