IKOAB: 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.
IKOAB
Largest movements
- Receivables within one year -€292,995
down €292,995 (-44.0%), from €666,060 to €373,066
of which Trade receivables: -€298,831
- Trade debts -€216,061
down €216,061 (-53.5%), from €403,758 to €187,697
- Debts after one year -€38,574
down €38,574 (-51.7%), from €74,542 to €35,968
- Tax, wage and social debts -€30,658
down €30,658 (-25.0%), from €122,582 to €91,924
of which Remuneration and social security: -€39,665
- Accrued charges and deferred income -€9,631
down €9,631 (-9.1%), from €105,808 to €96,177
- Gross operating margin -€239,780
down €239,780 (-47.8%), from €501,720 to €261,941
- Staff costs -€135,741
down €135,741 (-38.7%), from €351,037 to €215,296
- Taxes -€43,581
down €43,581 (-85.7%), from €50,877 to €7,296
- Financial charges -€16,477
down €16,477, from €9,567 to -€6,910
- Financial income -€5,394
down €5,394 (-72.7%), from €7,417 to €2,023
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 | €750,394 | €455,702 | -€294,692 | -39.3% |
| Fixed assets | 21/28 | €3,739 | €6,686 | +€2,946 | +78.8% |
| Tangible fixed assets | 22/27 | €3,739 | €5,886 | +€2,146 | +57.4% |
| Plant, machinery and equipment | 23 | €113 | €0 | -€113 | -100% |
| Furniture and vehicles | 24 | €3,626 | €5,886 | +€2,259 | +62.3% |
| Financial fixed assets | 28 | €0 | €800 | +€800 | |
| Current assets | 29/58 | €746,655 | €449,017 | -€297,639 | -39.9% |
| Stocks and contracts in progress | 3 | €66,377 | €69,175 | +€2,798 | +4.2% |
| Stocks | 30/36 | €66,377 | €69,175 | +€2,798 | +4.2% |
| Amounts receivable within one year | 40/41 | €666,060 | €373,066 | -€292,995 | -44.0% |
| Trade receivables | 40 | €598,448 | €299,617 | -€298,831 | -49.9% |
| Other amounts receivable | 41 | €67,612 | €73,449 | +€5,837 | +8.6% |
| Cash at bank and in hand | 54/58 | €9,260 | €6,049 | -€3,211 | -34.7% |
| Deferred charges and accrued income | 490/1 | €4,958 | €727 | -€4,231 | -85.3% |
| Total equity and liabilities | 10/49 | €750,394 | €455,702 | -€294,692 | -39.3% |
| Equity | 10/15 | €43,638 | €43,937 | +€299 | +0.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,178 | €23,477 | +€299 | +1.3% |
| Amounts payable | 17/49 | €706,757 | €411,766 | -€294,991 | -41.7% |
| Amounts payable after more than one year | 17 | €74,542 | €35,968 | -€38,574 | -51.7% |
| Financial debts | 170/4 | €74,542 | €35,968 | -€38,574 | -51.7% |
| Amounts payable within one year | 42/48 | €526,407 | €279,621 | -€246,786 | -46.9% |
| Trade debts | 44 | €403,758 | €187,697 | -€216,061 | -53.5% |
| Suppliers | 440/4 | €403,758 | €187,697 | -€216,061 | -53.5% |
| Taxes, remuneration and social security | 45 | €122,582 | €91,924 | -€30,658 | -25.0% |
| Taxes | 450/3 | €73,737 | €82,745 | +€9,007 | +12.2% |
| Remuneration and social security | 454/9 | €48,845 | €9,180 | -€39,665 | -81.2% |
| Other amounts payable | 47/48 | €67 | €0 | -€67 | -100% |
| Accrued charges and deferred income | 492/3 | €105,808 | €96,177 | -€9,631 | -9.1% |
| Non-recurring operating income | 76A | €4,175 | €0 | -€4,175 | -100% |
| Remuneration, social security and pensions | 62 | €351,037 | €215,296 | -€135,741 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,244 | €1,071 | -€1,173 | -52.3% |
| Other operating charges | 640/8 | €8,917 | €4,894 | -€4,023 | -45.1% |
| Non-recurring operating charges | 66A | €2,076 | €42,019 | +€39,942 | +1,924% |
| Gross operating margin | 9900 | €501,720 | €261,941 | -€239,780 | -47.8% |
| Operating profit (loss) | 9901 | €137,446 | -€1,338 | -€138,785 | |
| Financial income | 75/76B | €7,417 | €2,023 | -€5,394 | -72.7% |
| Recurring financial income | 75 | €7,417 | €2,023 | -€5,394 | -72.7% |
| Financial charges | 65/66B | €9,567 | -€6,910 | -€16,477 | |
| Recurring financial charges | 65 | €9,567 | -€6,910 | -€16,477 | |
| Profit (loss) for the period before taxes | 9903 | €135,297 | €7,595 | -€127,702 | -94.4% |
| Income taxes | 67/77 | €50,877 | €7,296 | -€43,581 | -85.7% |
| Profit (loss) for the period | 9904 | €84,420 | €299 | -€84,121 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,420 | €299 | -€84,121 | -99.6% |
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 14 October 2026 via checked.be.