IKIGAI: 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.
IKIGAI
Largest movements
- Receivables within one year +€6,606
up €6,606 (+16.3%), from €40,640 to €47,245
of which Trade receivables: +€6,606
- Cash -€3,435
down €3,435 (-1.3%), from €266,272 to €262,837
mainly Contributions, distributions and other (-€86,000) and Investment in fixed assets (net) (-€6,973)
- Other debts +€6,196
up €6,196 (+2.2%), from €287,424 to €293,621
- Trade debts -€3,906
down €3,906 (-64.6%), from €6,050 to €2,143
- Gross operating margin +€20,854
up €20,854 (+21.7%), from €96,300 to €117,154
- Taxes +€4,436
up €4,436 (+23.3%), from €19,035 to €23,470
- Financial charges +€1,894
up €1,894 (+3,209%), from €59 to €1,953
- Depreciation +€1,201
up €1,201 (+31.4%), from €3,821 to €5,022
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 | €328,952 | €334,128 | +€5,176 | +1.6% |
| Fixed assets | 21/28 | €21,710 | €23,661 | +€1,951 | +9.0% |
| Tangible fixed assets | 22/27 | €21,710 | €23,661 | +€1,951 | +9.0% |
| Plant, machinery and equipment | 23 | €3,855 | €1,915 | -€1,940 | -50.3% |
| Other tangible fixed assets | 26 | €17,855 | €21,746 | +€3,890 | +21.8% |
| Current assets | 29/58 | €307,242 | €310,466 | +€3,225 | +1.0% |
| Amounts receivable within one year | 40/41 | €40,640 | €47,245 | +€6,606 | +16.3% |
| Trade receivables | 40 | €40,640 | €47,245 | +€6,606 | +16.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €266,272 | €262,837 | -€3,435 | -1.3% |
| Deferred charges and accrued income | 490/1 | €330 | €385 | +€54 | +16.4% |
| Total equity and liabilities | 10/49 | €328,952 | €334,128 | +€5,176 | +1.6% |
| Equity | 10/15 | €18,823 | €18,751 | -€72 | -0.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273 | €201 | -€72 | -26.3% |
| Amounts payable | 17/49 | €310,129 | €315,377 | +€5,247 | +1.7% |
| Amounts payable within one year | 42/48 | €310,129 | €314,652 | +€4,522 | +1.5% |
| Trade debts | 44 | €6,050 | €2,143 | -€3,906 | -64.6% |
| Suppliers | 440/4 | €6,050 | €2,143 | -€3,906 | -64.6% |
| Taxes, remuneration and social security | 45 | €16,655 | €18,887 | +€2,232 | +13.4% |
| Taxes | 450/3 | €14,655 | €16,887 | +€2,232 | +15.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €287,424 | €293,621 | +€6,196 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €725 | +€725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,821 | €5,022 | +€1,201 | +31.4% |
| Other operating charges | 640/8 | €830 | €781 | -€49 | -5.9% |
| Gross operating margin | 9900 | €96,300 | €117,154 | +€20,854 | +21.7% |
| Operating profit (loss) | 9901 | €91,649 | €111,351 | +€19,702 | +21.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €59 | €1,953 | +€1,894 | +3,209% |
| Recurring financial charges | 65 | €59 | €1,953 | +€1,894 | +3,209% |
| Profit (loss) for the period before taxes | 9903 | €91,590 | €109,399 | +€17,808 | +19.4% |
| Income taxes | 67/77 | €19,035 | €23,470 | +€4,436 | +23.3% |
| Profit (loss) for the period | 9904 | €72,555 | €85,928 | +€13,373 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,555 | €85,928 | +€13,373 | +18.4% |
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 13 October 2026 via checked.be.