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 +€53,629
up €53,629 (+663.1%), from €8,087 to €61,716
of which Other amounts receivable: +€28,913
- Other debts +€34,610
up €34,610 (+196.1%), from €17,647 to €52,257
- Debts after one year -€32,192
down €32,192 (-8.7%), from €368,525 to €336,333
- Short-term financial debts +€20,000
new in 2025: €20,000
- Reserves +€16,630
up €16,630 (+35.1%), from €47,368 to €63,998
- Gross operating margin +€25,706
up €25,706 (+48.7%), from €52,834 to €78,540
- Taxes +€9,363
up €9,363 (+85.8%), from €10,910 to €20,273
- Depreciation -€2,642
down €2,642 (-53.4%), from €4,953 to €2,310
- Other operating charges -€1,164
down €1,164 (-41.1%), from €2,830 to €1,666
- Financial charges +€1,024
up €1,024 (+11.9%), from €8,573 to €9,597
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 | €1,025,803 | €1,077,124 | +€51,322 | +5.0% |
| Fixed assets | 21/28 | €1,013,630 | €1,013,550 | -€80 | 0.0% |
| Tangible fixed assets | 22/27 | €16,580 | €16,500 | -€80 | -0.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,457 | €1,804 | -€653 | -26.6% |
| Other tangible fixed assets | 26 | €14,123 | €14,697 | +€574 | +4.1% |
| Financial fixed assets | 28 | €997,050 | €997,050 | = | 0.0% |
| Current assets | 29/58 | €12,173 | €63,574 | +€51,401 | +422.3% |
| Amounts receivable within one year | 40/41 | €8,087 | €61,716 | +€53,629 | +663.1% |
| Trade receivables | 40 | €0 | €24,716 | +€24,716 | |
| Other amounts receivable | 41 | €8,087 | €37,000 | +€28,913 | +357.5% |
| Cash at bank and in hand | 54/58 | €2,541 | €95 | -€2,445 | -96.2% |
| Deferred charges and accrued income | 490/1 | €1,545 | €1,763 | +€218 | +14.1% |
| Total equity and liabilities | 10/49 | €1,025,803 | €1,077,124 | +€51,322 | +5.0% |
| Equity | 10/15 | €579,942 | €595,967 | +€16,025 | +2.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €47,368 | €63,998 | +€16,630 | +35.1% |
| Distributable reserves | 133 | €47,368 | €63,998 | +€16,630 | +35.1% |
| Profit (loss) carried forward | 14 | €432,574 | €431,969 | -€605 | -0.1% |
| Amounts payable | 17/49 | €445,860 | €481,158 | +€35,297 | +7.9% |
| Amounts payable after more than one year | 17 | €368,525 | €336,333 | -€32,192 | -8.7% |
| Financial debts | 170/4 | €368,525 | €336,333 | -€32,192 | -8.7% |
| Amounts payable within one year | 42/48 | €71,310 | €137,801 | +€66,491 | +93.2% |
| Current portion of amounts payable after more than one year | 42 | €31,990 | €32,192 | +€202 | +0.6% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €0 | €6,446 | +€6,446 | |
| Suppliers | 440/4 | €0 | €6,446 | +€6,446 | |
| Taxes, remuneration and social security | 45 | €21,673 | €26,905 | +€5,233 | +24.1% |
| Taxes | 450/3 | €21,673 | €26,905 | +€5,233 | +24.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,647 | €52,257 | +€34,610 | +196.1% |
| Accrued charges and deferred income | 492/3 | €6,025 | €7,024 | +€999 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,953 | €2,310 | -€2,642 | -53.4% |
| Other operating charges | 640/8 | €2,830 | €1,666 | -€1,164 | -41.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €52,834 | €78,540 | +€25,706 | +48.7% |
| Operating profit (loss) | 9901 | €45,051 | €74,564 | +€29,513 | +65.5% |
| Financial income | 75/76B | €0 | €743 | +€743 | |
| Recurring financial income | 75 | €0 | €743 | +€743 | |
| Financial charges | 65/66B | €8,573 | €9,597 | +€1,024 | +11.9% |
| Recurring financial charges | 65 | €8,573 | €9,597 | +€1,024 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €36,478 | €65,710 | +€29,232 | +80.1% |
| Income taxes | 67/77 | €10,910 | €20,273 | +€9,363 | +85.8% |
| Profit (loss) for the period | 9904 | €25,568 | €45,437 | +€19,869 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,568 | €45,437 | +€19,869 | +77.7% |
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 12 October 2026 via checked.be.