IKOMAR: 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.
IKOMAR
Largest movements
- Receivables within one year +€219,113
up €219,113 (+130%), from €168,621 to €387,734
- Tangible fixed assets -€32,198
down €32,198 (-28.0%), from €115,043 to €82,845
of which Plant, machinery and equipment: -€25,345
- Intangible fixed assets -€21,429
down €21,429 (-16.9%), from €126,751 to €105,323
- Profit (loss) carried forward +€150,173
up €150,173, from -€148,843 to €1,330
- Trade debts +€63,077
up €63,077 (+33.4%), from €188,958 to €252,034
- Other debts -€47,561
down €47,561 (-16.1%), from €294,520 to €246,959
- Gross operating margin +€178,978
up €178,978 (+55.2%), from €324,416 to €503,394
- Staff costs -€59,203
down €59,203 (-17.5%), from €339,265 to €280,062
- Taxes +€9,741
new in 2025: €9,741
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €437,779 | €600,515 | +€162,736 | +37.2% |
| Fixed assets | 21/28 | €241,795 | €188,168 | -€53,626 | -22.2% |
| Intangible fixed assets | 21 | €126,751 | €105,323 | -€21,429 | -16.9% |
| Tangible fixed assets | 22/27 | €115,043 | €82,845 | -€32,198 | -28.0% |
| Plant, machinery and equipment | 23 | €82,603 | €57,258 | -€25,345 | -30.7% |
| Furniture and vehicles | 24 | €1,038 | €530 | -€508 | -48.9% |
| Other tangible fixed assets | 26 | €31,403 | €25,058 | -€6,345 | -20.2% |
| Current assets | 29/58 | €195,984 | €412,346 | +€216,362 | +110% |
| Stocks and contracts in progress | 3 | €27,363 | €24,612 | -€2,751 | -10.1% |
| Stocks | 30/36 | €27,363 | €24,612 | -€2,751 | -10.1% |
| Amounts receivable within one year | 40/41 | €168,621 | €387,734 | +€219,113 | +130% |
| Trade receivables | 40 | €168,621 | €387,734 | +€219,113 | +130% |
| Total equity and liabilities | 10/49 | €437,779 | €600,515 | +€162,736 | +37.2% |
| Equity | 10/15 | -€133,843 | €17,830 | +€151,673 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €1,500 | +€1,500 | |
| Non-distributable reserves | 130/1 | - | €1,500 | +€1,500 | |
| Reserves not available under the articles | 1311 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | -€148,843 | €1,330 | +€150,173 | |
| Amounts payable | 17/49 | €571,622 | €582,685 | +€11,063 | +1.9% |
| Amounts payable within one year | 42/48 | €571,622 | €582,685 | +€11,063 | +1.9% |
| Trade debts | 44 | €188,958 | €252,034 | +€63,077 | +33.4% |
| Suppliers | 440/4 | €188,958 | €252,034 | +€63,077 | +33.4% |
| Taxes, remuneration and social security | 45 | €88,144 | €83,692 | -€4,452 | -5.1% |
| Taxes | 450/3 | €27,243 | €36,219 | +€8,976 | +32.9% |
| Remuneration and social security | 454/9 | €60,901 | €47,473 | -€13,429 | -22.0% |
| Other amounts payable | 47/48 | €294,520 | €246,959 | -€47,561 | -16.1% |
| Remuneration, social security and pensions | 62 | €339,265 | €280,062 | -€59,203 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,306 | €53,626 | +€321 | +0.6% |
| Other operating charges | 640/8 | €507 | €408 | -€99 | -19.5% |
| Gross operating margin | 9900 | €324,416 | €503,394 | +€178,978 | +55.2% |
| Operating profit (loss) | 9901 | -€68,661 | €169,298 | +€237,958 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11,758 | €7,884 | -€3,875 | -33.0% |
| Recurring financial charges | 65 | €11,758 | €7,884 | -€3,875 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€80,419 | €161,414 | +€241,833 | |
| Income taxes | 67/77 | - | €9,741 | +€9,741 | |
| Profit (loss) for the period | 9904 | -€80,419 | €151,673 | +€232,092 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,419 | €151,673 | +€232,092 |
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 18 October 2026 via checked.be.