IKD: 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.
IKD
Largest movements
- Tangible fixed assets -€29,794
down €29,794 (-9.1%), from €327,151 to €297,357
of which Furniture and vehicles: -€26,650
- Cash +€7,372
up €7,372 (+2.9%), from €255,453 to €262,825
mainly Depreciation (+€32,522) and Trade debts (+€6,272)
- Profit (loss) carried forward -€16,525
down €16,525 (-271.1%), from -€6,096 to -€22,620
- Other debts -€13,055
down €13,055 (-38.3%), from €34,121 to €21,066
- Trade debts +€6,272
new in 2025: €6,272
- Financial income -€11,415
no longer reported in 2025 (was €11,415)
- Depreciation +€10,524
up €10,524 (+47.8%), from €21,998 to €32,522
- Gross operating margin +€5,163
up €5,163 (+33.0%), from €15,630 to €20,793
- Financial charges -€2,223
down €2,223 (-62.5%), from €3,558 to €1,335
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 | €587,838 | €566,313 | -€21,526 | -3.7% |
| Fixed assets | 21/28 | €327,812 | €298,018 | -€29,794 | -9.1% |
| Tangible fixed assets | 22/27 | €327,151 | €297,357 | -€29,794 | -9.1% |
| Land and buildings | 22 | €212,389 | €209,245 | -€3,144 | -1.5% |
| Furniture and vehicles | 24 | €114,762 | €88,112 | -€26,650 | -23.2% |
| Financial fixed assets | 28 | €661 | €661 | = | 0.0% |
| Current assets | 29/58 | €260,026 | €268,294 | +€8,268 | +3.2% |
| Amounts receivable within one year | 40/41 | €4,444 | €5,239 | +€795 | +17.9% |
| Trade receivables | 40 | €378 | €2,130 | +€1,752 | +463.5% |
| Other amounts receivable | 41 | €4,066 | €3,109 | -€957 | -23.5% |
| Cash at bank and in hand | 54/58 | €255,453 | €262,825 | +€7,372 | +2.9% |
| Deferred charges and accrued income | 490/1 | €129 | €231 | +€101 | +78.2% |
| Total equity and liabilities | 10/49 | €587,838 | €566,313 | -€21,526 | -3.7% |
| Equity | 10/15 | €553,606 | €537,081 | -€16,525 | -3.0% |
| Contributions | 10/11 | €284,544 | €284,544 | = | 0.0% |
| Reserves | 13 | €275,158 | €275,158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,433 | €30,433 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,433 | €30,433 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,398 | €4,398 | = | 0.0% |
| Distributable reserves | 133 | €240,327 | €240,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,096 | -€22,620 | -€16,525 | -271.1% |
| Amounts payable | 17/49 | €34,233 | €29,231 | -€5,001 | -14.6% |
| Amounts payable within one year | 42/48 | €34,233 | €29,231 | -€5,001 | -14.6% |
| Trade debts | 44 | - | €6,272 | +€6,272 | |
| Suppliers | 440/4 | - | €6,272 | +€6,272 | |
| Taxes, remuneration and social security | 45 | €112 | €1,894 | +€1,782 | +1591.6% |
| Taxes | 450/3 | €112 | €1,894 | +€1,782 | +1591.6% |
| Other amounts payable | 47/48 | €34,121 | €21,066 | -€13,055 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,998 | €32,522 | +€10,524 | +47.8% |
| Other operating charges | 640/8 | €2,969 | €3,005 | +€36 | +1.2% |
| Non-recurring operating charges | 66A | €15,259 | - | -€15,259 | |
| Gross operating margin | 9900 | €15,630 | €20,793 | +€5,163 | +33.0% |
| Operating profit (loss) | 9901 | -€24,596 | -€14,735 | +€9,862 | +40.1% |
| Financial income | 75/76B | €11,415 | - | -€11,415 | |
| Recurring financial income | 75 | €11,415 | - | -€11,415 | |
| Financial charges | 65/66B | €3,558 | €1,335 | -€2,223 | -62.5% |
| Recurring financial charges | 65 | €3,558 | €1,335 | -€2,223 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,738 | -€16,069 | +€669 | +4.0% |
| Income taxes | 67/77 | €316 | €455 | +€139 | +44.2% |
| Profit (loss) for the period | 9904 | -€17,054 | -€16,525 | +€530 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,054 | -€16,525 | +€530 | +3.1% |
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 10 October 2026 via checked.be.