IKIGAI: what changed
Two fiscal 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
- Current investments +€300,000
new in 2025: €300,000
- Cash -€63,642
down €63,642 (-41.8%), from €152,185 to €88,543
mainly Current investments (-€300,000) and Receivables within one year (-€60,799)
- Receivables within one year +€60,799
up €60,799 (+168.3%), from €36,131 to €96,930
- Reserves +€237,284
up €237,284 (+221.9%), from €106,923 to €344,207
- Tax, wage and social debts +€106,206
up €106,206 (+169.5%), from €62,673 to €168,879
of which Taxes: +€103,906
- Other debts -€49,049
down €49,049 (-99.6%), from €49,238 to €190
- Gross operating margin +€196,110
up €196,110 (+126.9%), from €154,479 to €350,589
- Taxes +€61,261
up €61,261 (+140.8%), from €43,496 to €104,757
- Depreciation +€4,134
up €4,134 (+108.3%), from €3,818 to €7,952
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 | €220,980 | €514,842 | +€293,862 | +133.0% |
| Fixed assets | 21/28 | €32,665 | €29,369 | -€3,296 | -10.1% |
| Tangible fixed assets | 22/27 | €32,665 | €29,369 | -€3,296 | -10.1% |
| Furniture and vehicles | 24 | €32,665 | €29,369 | -€3,296 | -10.1% |
| Current assets | 29/58 | €188,315 | €485,473 | +€297,158 | +157.8% |
| Amounts receivable within one year | 40/41 | €36,131 | €96,930 | +€60,799 | +168.3% |
| Trade receivables | 40 | €36,131 | €96,930 | +€60,799 | +168.3% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €152,185 | €88,543 | -€63,642 | -41.8% |
| Total equity and liabilities | 10/49 | €220,980 | €514,842 | +€293,862 | +133.0% |
| Equity | 10/15 | €107,923 | €345,207 | +€237,284 | +219.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €106,923 | €344,207 | +€237,284 | +221.9% |
| Distributable reserves | 133 | €106,923 | €344,207 | +€237,284 | +221.9% |
| Amounts payable | 17/49 | €113,057 | €169,635 | +€56,578 | +50.0% |
| Amounts payable within one year | 42/48 | €113,057 | €169,635 | +€56,578 | +50.0% |
| Trade debts | 44 | €1,146 | €566 | -€580 | -50.6% |
| Suppliers | 440/4 | €1,146 | €566 | -€580 | -50.6% |
| Taxes, remuneration and social security | 45 | €62,673 | €168,879 | +€106,206 | +169.5% |
| Taxes | 450/3 | €62,673 | €166,579 | +€103,906 | +165.8% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €49,238 | €190 | -€49,049 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,818 | €7,952 | +€4,134 | +108.3% |
| Other operating charges | 640/8 | €241 | €514 | +€273 | +113.2% |
| Gross operating margin | 9900 | €154,479 | €350,589 | +€196,110 | +126.9% |
| Operating profit (loss) | 9901 | €150,419 | €342,122 | +€191,703 | +127.4% |
| Financial charges | 65/66B | - | €81 | +€81 | |
| Recurring financial charges | 65 | - | €81 | +€81 | |
| Profit (loss) for the period before taxes | 9903 | €150,419 | €342,042 | +€191,622 | +127.4% |
| Income taxes | 67/77 | €43,496 | €104,757 | +€61,261 | +140.8% |
| Profit (loss) for the period | 9904 | €106,923 | €237,284 | +€130,361 | +121.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,923 | €237,284 | +€130,361 | +121.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.