IKARUS-SHOP: 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.
IKARUS-SHOP
Largest movements
- Tangible fixed assets -€21,167
down €21,167 (-48.1%), from €43,966 to €22,799
of which Furniture and vehicles: -€11,052
- Receivables within one year +€8,583
up €8,583 (+43.1%), from €19,914 to €28,497
of which Trade receivables: +€4,797
- Cash +€8,254
up €8,254 (+14.5%), from €56,998 to €65,252
mainly Depreciation (+€19,100) and Stocks and contracts (+€2,424)
- Stocks and contracts -€2,424
down €2,424 (-2.8%), from €87,241 to €84,817
- Trade debts -€5,638
down €5,638 (-100%), from €5,638 to €0
- Gross operating margin -€4,496
down €4,496 (-17.9%), from €25,138 to €20,642
- Depreciation +€616
up €616 (+3.3%), from €18,483 to €19,100
- Taxes -€558
down €558 (-67.8%), from €823 to €265
- Other operating charges -€318
down €318 (-26.3%), from €1,209 to €891
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 | €209,629 | €202,955 | -€6,674 | -3.2% |
| Fixed assets | 21/28 | €43,966 | €22,799 | -€21,167 | -48.1% |
| Tangible fixed assets | 22/27 | €43,966 | €22,799 | -€21,167 | -48.1% |
| Land and buildings | 22 | €2,169 | €1,568 | -€600 | -27.7% |
| Plant, machinery and equipment | 23 | €26,247 | €16,733 | -€9,514 | -36.2% |
| Furniture and vehicles | 24 | €15,550 | €4,498 | -€11,052 | -71.1% |
| Current assets | 29/58 | €165,663 | €180,156 | +€14,493 | +8.7% |
| Stocks and contracts in progress | 3 | €87,241 | €84,817 | -€2,424 | -2.8% |
| Stocks | 30/36 | €87,241 | €84,817 | -€2,424 | -2.8% |
| Amounts receivable within one year | 40/41 | €19,914 | €28,497 | +€8,583 | +43.1% |
| Trade receivables | 40 | €1,420 | €6,217 | +€4,797 | +338% |
| Other amounts receivable | 41 | €18,494 | €22,280 | +€3,786 | +20.5% |
| Cash at bank and in hand | 54/58 | €56,998 | €65,252 | +€8,254 | +14.5% |
| Deferred charges and accrued income | 490/1 | €1,510 | €1,590 | +€80 | +5.3% |
| Total equity and liabilities | 10/49 | €209,629 | €202,955 | -€6,674 | -3.2% |
| Equity | 10/15 | €118,566 | €118,716 | +€150 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €106,166 | €106,316 | +€150 | +0.1% |
| Distributable reserves | 133 | €106,166 | €106,316 | +€150 | +0.1% |
| Amounts payable | 17/49 | €91,063 | €84,239 | -€6,824 | -7.5% |
| Amounts payable after more than one year | 17 | €50,336 | €50,336 | = | 0.0% |
| Financial debts | 170/4 | €50,336 | €50,336 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,194 | €32,970 | -€7,224 | -18.0% |
| Trade debts | 44 | €5,638 | €0 | -€5,638 | -100% |
| Suppliers | 440/4 | €5,638 | €0 | -€5,638 | -100% |
| Taxes, remuneration and social security | 45 | €10,507 | €9,814 | -€693 | -6.6% |
| Taxes | 450/3 | €10,507 | €7,300 | -€3,207 | -30.5% |
| Remuneration and social security | 454/9 | €0 | €2,514 | +€2,514 | |
| Other amounts payable | 47/48 | €24,049 | €23,156 | -€892 | -3.7% |
| Accrued charges and deferred income | 492/3 | €533 | €933 | +€400 | +75.0% |
| Non-recurring operating income | 76A | - | €3,297 | +€3,297 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,483 | €19,100 | +€616 | +3.3% |
| Other operating charges | 640/8 | €1,209 | €891 | -€318 | -26.3% |
| Non-recurring operating charges | 66A | €4,324 | €0 | -€4,324 | -100% |
| Gross operating margin | 9900 | €25,138 | €20,642 | -€4,496 | -17.9% |
| Operating profit (loss) | 9901 | €1,120 | €650 | -€470 | -42.0% |
| Financial income | 75/76B | €381 | €140 | -€241 | -63.2% |
| Recurring financial income | 75 | €381 | €140 | -€241 | -63.2% |
| Financial charges | 65/66B | €237 | €375 | +€139 | +58.6% |
| Recurring financial charges | 65 | €237 | €375 | +€139 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €1,265 | €415 | -€850 | -67.2% |
| Income taxes | 67/77 | €823 | €265 | -€558 | -67.8% |
| Profit (loss) for the period | 9904 | €442 | €150 | -€292 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €442 | €150 | -€292 | -66.0% |
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 26 October 2026 via checked.be.