IKARIS: 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.
IKARIS
Largest movements
- Cash -€11,671
down €11,671 (-30.0%), from €38,881 to €27,210
mainly Other debts (-€17,520) and Investment in fixed assets (net) (-€8,733)
- Tangible fixed assets +€6,198
up €6,198 (+103.0%), from €6,020 to €12,218
of which Other tangible fixed assets: +€7,961
- Receivables within one year -€5,568
down €5,568 (-82.3%), from €6,768 to €1,200
of which Other amounts receivable: -€2,959
- Other debts -€17,520
down €17,520 (-68.7%), from €25,500 to €7,980
- Reserves +€6,133
up €6,133 (+24.1%), from €25,451 to €31,584
- Gross operating margin +€6,475
up €6,475 (+129.8%), from €4,988 to €11,463
- Taxes +€1,483
up €1,483 (+232.5%), from €638 to €2,120
- Depreciation +€288
up €288 (+12.8%), from €2,246 to €2,535
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 | €51,669 | €40,628 | -€11,041 | -21.4% |
| Fixed assets | 21/28 | €6,020 | €12,218 | +€6,198 | +103.0% |
| Tangible fixed assets | 22/27 | €6,020 | €12,218 | +€6,198 | +103.0% |
| Furniture and vehicles | 24 | €4,750 | €2,986 | -€1,763 | -37.1% |
| Other tangible fixed assets | 26 | €1,271 | €9,232 | +€7,961 | +626.5% |
| Current assets | 29/58 | €45,649 | €28,410 | -€17,239 | -37.8% |
| Amounts receivable within one year | 40/41 | €6,768 | €1,200 | -€5,568 | -82.3% |
| Trade receivables | 40 | €2,608 | €0 | -€2,608 | -100.0% |
| Other amounts receivable | 41 | €4,159 | €1,200 | -€2,959 | -71.1% |
| Cash at bank and in hand | 54/58 | €38,881 | €27,210 | -€11,671 | -30.0% |
| Total equity and liabilities | 10/49 | €51,669 | €40,628 | -€11,041 | -21.4% |
| Equity | 10/15 | €25,451 | €31,584 | +€6,133 | +24.1% |
| Reserves | 13 | €25,451 | €31,584 | +€6,133 | +24.1% |
| Distributable reserves | 133 | €25,451 | €31,584 | +€6,133 | +24.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,218 | €9,044 | -€17,174 | -65.5% |
| Amounts payable within one year | 42/48 | €26,218 | €9,044 | -€17,174 | -65.5% |
| Trade debts | 44 | €109 | €58 | -€51 | -46.5% |
| Suppliers | 440/4 | €109 | €58 | -€51 | -46.5% |
| Taxes, remuneration and social security | 45 | €609 | €1,005 | +€396 | +64.9% |
| Taxes | 450/3 | €609 | €1,005 | +€396 | +64.9% |
| Other amounts payable | 47/48 | €25,500 | €7,980 | -€17,520 | -68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,246 | €2,535 | +€288 | +12.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €4,988 | €11,463 | +€6,475 | +129.8% |
| Operating profit (loss) | 9901 | €2,236 | €8,409 | +€6,172 | +276.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €135 | €155 | +€20 | +15.0% |
| Recurring financial charges | 65 | €135 | €155 | +€20 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €2,101 | €8,253 | +€6,152 | +292.8% |
| Income taxes | 67/77 | €638 | €2,120 | +€1,483 | +232.5% |
| Profit (loss) for the period | 9904 | €1,464 | €6,133 | +€4,669 | +319.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,464 | €6,133 | +€4,669 | +319.0% |
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 11 October 2026 via checked.be.