Ikhaya: 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.
Ikhaya
Largest movements
- Cash -€8,149
down €8,149 (-36.8%), from €22,156 to €14,007
mainly Current portion of long-term debt (-€6,904) and Investment in fixed assets (net) (-€4,402)
- Tangible fixed assets +€4,182
new in 2025: €4,182
- Current portion of long-term debt -€6,904
down €6,904 (-83.1%), from €8,305 to €1,401
- Short-term financial debts +€4,800
new in 2025: €4,800
- Debts after one year -€1,401
no longer reported in 2025 (was €1,401)
- Tax, wage and social debts -€690
down €690 (-73.8%), from €935 to €245
- Profit (loss) carried forward +€557
up €557 (+6.6%), from -€8,483 to -€7,926
- Gross operating margin +€3,927
up €3,927, from -€2,706 to €1,221
- Depreciation +€220
new in 2025: €220
- Other operating charges -€204
down €204 (-52.3%), from €390 to €186
- Financial charges -€177
down €177 (-40.7%), from €435 to €258
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 | €22,563 | €18,520 | -€4,043 | -17.9% |
| Fixed assets | 21/28 | - | €4,182 | +€4,182 | |
| Tangible fixed assets | 22/27 | - | €4,182 | +€4,182 | |
| Furniture and vehicles | 24 | - | €4,182 | +€4,182 | |
| Current assets | 29/58 | €22,563 | €14,338 | -€8,225 | -36.5% |
| Amounts receivable within one year | 40/41 | €407 | €316 | -€91 | -22.4% |
| Trade receivables | 40 | €407 | €316 | -€91 | -22.4% |
| Cash at bank and in hand | 54/58 | €22,156 | €14,007 | -€8,149 | -36.8% |
| Deferred charges and accrued income | 490/1 | - | €15 | +€15 | |
| Total equity and liabilities | 10/49 | €22,563 | €18,520 | -€4,043 | -17.9% |
| Equity | 10/15 | €11,517 | €12,074 | +€557 | +4.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,483 | -€7,926 | +€557 | +6.6% |
| Amounts payable | 17/49 | €11,046 | €6,446 | -€4,600 | -41.6% |
| Amounts payable after more than one year | 17 | €1,401 | - | -€1,401 | |
| Financial debts | 170/4 | €1,401 | - | -€1,401 | |
| Amounts payable within one year | 42/48 | €9,645 | €6,446 | -€3,199 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €8,305 | €1,401 | -€6,904 | -83.1% |
| Financial debts | 43 | - | €4,800 | +€4,800 | |
| Other loans | 439 | - | €4,800 | +€4,800 | |
| Trade debts | 44 | €405 | - | -€405 | |
| Suppliers | 440/4 | €405 | - | -€405 | |
| Taxes, remuneration and social security | 45 | €935 | €245 | -€690 | -73.8% |
| Taxes | 450/3 | €935 | €245 | -€690 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €220 | +€220 | |
| Other operating charges | 640/8 | €390 | €186 | -€204 | -52.3% |
| Gross operating margin | 9900 | -€2,706 | €1,221 | +€3,927 | |
| Operating profit (loss) | 9901 | -€3,096 | €815 | +€3,911 | |
| Financial charges | 65/66B | €435 | €258 | -€177 | -40.7% |
| Recurring financial charges | 65 | €435 | €258 | -€177 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,531 | €557 | +€4,088 | |
| Profit (loss) for the period | 9904 | -€3,531 | €557 | +€4,088 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,531 | €557 | +€4,088 |
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.