Ikigaini: 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.
Ikigaini
Largest movements
- Cash -€119,586
down €119,586 (-52.8%), from €226,646 to €107,059
mainly Stocks and contracts (-€65,796) and Debts after one year (-€47,895)
- Stocks and contracts +€65,796
up €65,796 (+46.0%), from €143,068 to €208,864
- Intangible fixed assets -€30,000
down €30,000 (-11.3%), from €264,904 to €234,904
- Receivables within one year +€10,454
up €10,454 (+133%), from €7,887 to €18,341
- Debts after one year -€47,895
down €47,895 (-31.8%), from €150,681 to €102,786
- Tax, wage and social debts -€32,461
down €32,461 (-51.2%), from €63,371 to €30,910
- Gross operating margin +€79,481
up €79,481 (+19.9%), from €398,458 to €477,940
- Staff costs +€69,486
up €69,486 (+20.2%), from €344,086 to €413,572
- Taxes +€7,224
up €7,224, from -€60 to €7,164
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 | €658,233 | €585,591 | -€72,642 | -11.0% |
| Fixed assets | 21/28 | €277,597 | €250,854 | -€26,743 | -9.6% |
| Intangible fixed assets | 21 | €264,904 | €234,904 | -€30,000 | -11.3% |
| Tangible fixed assets | 22/27 | €2,449 | €1,959 | -€490 | -20.0% |
| Plant, machinery and equipment | 23 | €2,449 | €1,959 | -€490 | -20.0% |
| Financial fixed assets | 28 | €10,244 | €13,991 | +€3,747 | +36.6% |
| Current assets | 29/58 | €380,636 | €334,737 | -€45,899 | -12.1% |
| Stocks and contracts in progress | 3 | €143,068 | €208,864 | +€65,796 | +46.0% |
| Stocks | 30/36 | €143,068 | €208,864 | +€65,796 | +46.0% |
| Amounts receivable within one year | 40/41 | €7,887 | €18,341 | +€10,454 | +133% |
| Other amounts receivable | 41 | €7,887 | €18,341 | +€10,454 | +133% |
| Cash at bank and in hand | 54/58 | €226,646 | €107,059 | -€119,586 | -52.8% |
| Deferred charges and accrued income | 490/1 | €3,036 | €473 | -€2,563 | -84.4% |
| Total equity and liabilities | 10/49 | €658,233 | €585,591 | -€72,642 | -11.0% |
| Equity | 10/15 | €11,194 | €15,711 | +€4,516 | +40.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,194 | €12,711 | +€4,516 | +55.1% |
| Amounts payable | 17/49 | €647,039 | €569,880 | -€77,159 | -11.9% |
| Amounts payable after more than one year | 17 | €150,681 | €102,786 | -€47,895 | -31.8% |
| Financial debts | 170/4 | €150,681 | €102,786 | -€47,895 | -31.8% |
| Amounts payable within one year | 42/48 | €495,786 | €466,814 | -€28,972 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €45,705 | €47,895 | +€2,190 | +4.8% |
| Trade debts | 44 | €303,064 | €306,026 | +€2,962 | +1.0% |
| Suppliers | 440/4 | €303,064 | €306,026 | +€2,962 | +1.0% |
| Taxes, remuneration and social security | 45 | €63,371 | €30,910 | -€32,461 | -51.2% |
| Remuneration and social security | 454/9 | €63,371 | €30,910 | -€32,461 | -51.2% |
| Other amounts payable | 47/48 | €83,646 | €81,983 | -€1,664 | -2.0% |
| Accrued charges and deferred income | 492/3 | €572 | €281 | -€291 | -50.9% |
| Remuneration, social security and pensions | 62 | €344,086 | €413,572 | +€69,486 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,001 | €30,490 | +€489 | +1.6% |
| Other operating charges | 640/8 | €10,794 | €11,134 | +€339 | +3.1% |
| Gross operating margin | 9900 | €398,458 | €477,940 | +€79,481 | +19.9% |
| Operating profit (loss) | 9901 | €13,576 | €22,744 | +€9,168 | +67.5% |
| Financial income | 75/76B | €5 | €12 | +€7 | +126% |
| Recurring financial income | 75 | €5 | €12 | +€7 | +126% |
| Financial charges | 65/66B | €13,294 | €11,075 | -€2,219 | -16.7% |
| Recurring financial charges | 65 | €13,294 | €11,075 | -€2,219 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €287 | €11,681 | +€11,394 | +3,969% |
| Income taxes | 67/77 | -€60 | €7,164 | +€7,224 | |
| Profit (loss) for the period | 9904 | €347 | €4,516 | +€4,170 | +1,202% |
| Profit (loss) for the period to be appropriated | 9905 | €347 | €4,516 | +€4,170 | +1,202% |
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 27 October 2026 via checked.be.