IKN: 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.
IKN
Largest movements
- Receivables within one year -€45,251
down €45,251 (-91.2%), from €49,623 to €4,372
of which Trade receivables: -€45,492
- Cash -€17,190
no longer reported in 2025 (was €17,190)
mainly Net result for the year (-€86,635) and Trade debts (-€63,241)
- Intangible fixed assets -€12,900
down €12,900 (-25.4%), from €50,717 to €37,816
- Deferred charges and accrued income -€5,842
no longer reported in 2025 (was €5,842)
- Stocks and contracts -€5,674
down €5,674 (-15.2%), from €37,328 to €31,654
- Profit (loss) carried forward -€86,635
down €86,635 (-116.6%), from -€74,285 to -€160,920
- Trade debts -€63,241
down €63,241 (-97.9%), from €64,628 to €1,387
- Short-term financial debts +€62,756
new in 2025: €62,756
of which Other loans: +€33,765
- Gross operating margin -€8,509
down €8,509 (-15.9%), from -€53,360 to -€61,869
- Other operating charges +€7,447
up €7,447 (+603.6%), from €1,234 to €8,680
- Financial charges -€2,791
down €2,791 (-49.5%), from €5,638 to €2,846
- Depreciation -€1,045
down €1,045 (-7.3%), from €14,284 to €13,239
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 | €162,696 | €74,699 | -€87,997 | -54.1% |
| Formation expenses | 20 | €1,195 | €856 | -€339 | -28.3% |
| Fixed assets | 21/28 | €51,517 | €37,816 | -€13,700 | -26.6% |
| Intangible fixed assets | 21 | €50,717 | €37,816 | -€12,900 | -25.4% |
| Financial fixed assets | 28 | €800 | - | -€800 | |
| Current assets | 29/58 | €109,983 | €36,026 | -€73,957 | -67.2% |
| Stocks and contracts in progress | 3 | €37,328 | €31,654 | -€5,674 | -15.2% |
| Stocks | 30/36 | €37,328 | €31,654 | -€5,674 | -15.2% |
| Amounts receivable within one year | 40/41 | €49,623 | €4,372 | -€45,251 | -91.2% |
| Trade receivables | 40 | €45,492 | - | -€45,492 | |
| Other amounts receivable | 41 | €4,131 | €4,372 | +€241 | +5.8% |
| Cash at bank and in hand | 54/58 | €17,190 | - | -€17,190 | |
| Deferred charges and accrued income | 490/1 | €5,842 | - | -€5,842 | |
| Total equity and liabilities | 10/49 | €162,696 | €74,699 | -€87,997 | -54.1% |
| Equity | 10/15 | €96,415 | €9,780 | -€86,635 | -89.9% |
| Contributions | 10/11 | €170,700 | €170,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,285 | -€160,920 | -€86,635 | -116.6% |
| Amounts payable | 17/49 | €66,281 | €64,919 | -€1,362 | -2.1% |
| Amounts payable within one year | 42/48 | €65,770 | €64,919 | -€851 | -1.3% |
| Financial debts | 43 | - | €62,756 | +€62,756 | |
| Credit institutions | 430/8 | - | €28,991 | +€28,991 | |
| Other loans | 439 | - | €33,765 | +€33,765 | |
| Trade debts | 44 | €64,628 | €1,387 | -€63,241 | -97.9% |
| Suppliers | 440/4 | €64,628 | €1,387 | -€63,241 | -97.9% |
| Taxes, remuneration and social security | 45 | €365 | - | -€365 | |
| Taxes | 450/3 | €365 | - | -€365 | |
| Other amounts payable | 47/48 | €776 | €776 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €511 | - | -€511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,284 | €13,239 | -€1,045 | -7.3% |
| Other operating charges | 640/8 | €1,234 | €8,680 | +€7,447 | +603.6% |
| Gross operating margin | 9900 | -€53,360 | -€61,869 | -€8,509 | -15.9% |
| Operating profit (loss) | 9901 | -€68,878 | -€83,788 | -€14,911 | -21.6% |
| Financial income | 75/76B | €230 | - | -€230 | |
| Recurring financial income | 75 | €230 | - | -€230 | |
| Financial charges | 65/66B | €5,638 | €2,846 | -€2,791 | -49.5% |
| Recurring financial charges | 65 | €5,638 | €2,846 | -€2,791 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | -€74,285 | -€86,635 | -€12,350 | -16.6% |
| Profit (loss) for the period | 9904 | -€74,285 | -€86,635 | -€12,350 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,285 | -€86,635 | -€12,350 | -16.6% |
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 5 October 2026 via checked.be.