IKN INVEST: what changed
IKN INVEST
Largest movements
- Receivables within one year +€291,500
up €291,500 (+329%), from €88,500 to €380,000
- Stocks and contracts +€185,629
up €185,629 (+28.8%), from €644,140 to €829,770
- Cash -€15,060
down €15,060 (-66.4%), from €22,674 to €7,614
mainly Receivables within one year (-€291,500) and Other debts (-€220,000)
- Short-term financial debts +€693,140
up €693,140 (+145%), from €476,860 to €1.2m
- Other debts -€220,000
down €220,000 (-95.7%), from €230,000 to €10,000
- Gross operating margin -€55,822
down €55,822 (-95.2%), from €58,630 to €2,808
- Financial charges -€24,381
down €24,381 (-93.9%), from €25,963 to €1,581
- Taxes -€8,522
down €8,522 (-97.7%), from €8,719 to €197
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €755,315 | €1,225,384 | +€470,069 | +62.2% |
| Current assets | 29/58 | €755,315 | €1,225,384 | +€470,069 | +62.2% |
| Stocks and contracts in progress | 3 | €644,140 | €829,770 | +€185,629 | +28.8% |
| Stocks | 30/36 | €644,140 | €829,770 | +€185,629 | +28.8% |
| Amounts receivable within one year | 40/41 | €88,500 | €380,000 | +€291,500 | +329% |
| Trade receivables | 40 | €88,500 | €380,000 | +€291,500 | +329% |
| Cash at bank and in hand | 54/58 | €22,674 | €7,614 | -€15,060 | -66.4% |
| Deferred charges and accrued income | 490/1 | - | €8,000 | +€8,000 | |
| Total equity and liabilities | 10/49 | €755,315 | €1,225,384 | +€470,069 | +62.2% |
| Equity | 10/15 | €29,519 | €30,061 | +€542 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,319 | €23,861 | +€542 | +2.3% |
| Amounts payable | 17/49 | €725,796 | €1,195,323 | +€469,528 | +64.7% |
| Amounts payable within one year | 42/48 | €716,789 | €1,180,617 | +€463,828 | +64.7% |
| Financial debts | 43 | €476,860 | €1,170,000 | +€693,140 | +145% |
| Credit institutions | 430/8 | €476,860 | €1,170,000 | +€693,140 | +145% |
| Trade debts | 44 | €1,210 | €420 | -€790 | -65.3% |
| Suppliers | 440/4 | €1,210 | €420 | -€790 | -65.3% |
| Taxes, remuneration and social security | 45 | €8,719 | €197 | -€8,522 | -97.7% |
| Taxes | 450/3 | €8,719 | €197 | -€8,522 | -97.7% |
| Other amounts payable | 47/48 | €230,000 | €10,000 | -€220,000 | -95.7% |
| Accrued charges and deferred income | 492/3 | €9,007 | €14,707 | +€5,700 | +63.3% |
| Other operating charges | 640/8 | €670 | €487 | -€182 | -27.2% |
| Gross operating margin | 9900 | €58,630 | €2,808 | -€55,822 | -95.2% |
| Operating profit (loss) | 9901 | €57,960 | €2,320 | -€55,640 | -96.0% |
| Financial charges | 65/66B | €25,963 | €1,581 | -€24,381 | -93.9% |
| Recurring financial charges | 65 | €25,963 | €1,581 | -€24,381 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €31,997 | €739 | -€31,258 | -97.7% |
| Income taxes | 67/77 | €8,719 | €197 | -€8,522 | -97.7% |
| Profit (loss) for the period | 9904 | €23,278 | €542 | -€22,736 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,278 | €542 | -€22,736 | -97.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.