IKOON: 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.
IKOON
Largest movements
- Receivables within one year -€50,138
down €50,138 (-20.5%), from €244,225 to €194,087
of which Trade receivables: -€32,851
- Current investments -€27,510
down €27,510 (-55.0%), from €50,000 to €22,490
- Tangible fixed assets -€18,152
down €18,152 (-22.2%), from €81,604 to €63,452
of which Furniture and vehicles: -€15,986
- Intangible fixed assets +€14,880
up €14,880 (+61.0%), from €24,376 to €39,256
- Cash -€10,607
no longer reported in 2025 (was €10,607)
mainly Short-term financial debts (-€148,451) and Tax, wage and social debts (-€37,451)
- Short-term financial debts -€148,451
down €148,451 (-87.1%), from €170,413 to €21,962
of which Credit institutions: -€143,315
- Contributions +€50,000
up €50,000 (+403.2%), from €12,400 to €62,400
- Debts after one year +€40,947
new in 2025: €40,947
- Tax, wage and social debts -€37,451
down €37,451 (-45.9%), from €81,600 to €44,149
of which Remuneration and social security: -€19,017
- Current portion of long-term debt -€26,644
down €26,644 (-33.9%), from €78,626 to €51,982
- Staff costs -€86,630
down €86,630 (-16.5%), from €525,965 to €439,335
- Gross operating margin -€82,828
down €82,828 (-14.5%), from €571,873 to €489,045
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 | €424,769 | €325,615 | -€99,154 | -23.3% |
| Fixed assets | 21/28 | €106,110 | €102,838 | -€3,272 | -3.1% |
| Intangible fixed assets | 21 | €24,376 | €39,256 | +€14,880 | +61.0% |
| Tangible fixed assets | 22/27 | €81,604 | €63,452 | -€18,152 | -22.2% |
| Plant, machinery and equipment | 23 | €52,347 | €50,181 | -€2,166 | -4.1% |
| Furniture and vehicles | 24 | €29,257 | €13,271 | -€15,986 | -54.6% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €318,659 | €222,777 | -€95,882 | -30.1% |
| Stocks and contracts in progress | 3 | €6,200 | €6,200 | = | 0.0% |
| Stocks | 30/36 | €6,200 | €6,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €244,225 | €194,087 | -€50,138 | -20.5% |
| Trade receivables | 40 | €146,494 | €113,643 | -€32,851 | -22.4% |
| Other amounts receivable | 41 | €97,731 | €80,444 | -€17,287 | -17.7% |
| Current investments | 50/53 | €50,000 | €22,490 | -€27,510 | -55.0% |
| Cash at bank and in hand | 54/58 | €10,607 | - | -€10,607 | |
| Deferred charges and accrued income | 490/1 | €7,627 | - | -€7,627 | |
| Total equity and liabilities | 10/49 | €424,769 | €325,615 | -€99,154 | -23.3% |
| Equity | 10/15 | €20,583 | €74,941 | +€54,358 | +264.1% |
| Contributions | 10/11 | €12,400 | €62,400 | +€50,000 | +403.2% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,323 | €10,681 | +€4,358 | +68.9% |
| Amounts payable | 17/49 | €404,186 | €250,674 | -€153,512 | -38.0% |
| Amounts payable after more than one year | 17 | - | €40,947 | +€40,947 | |
| Financial debts | 170/4 | - | €40,947 | +€40,947 | |
| Amounts payable within one year | 42/48 | €404,186 | €209,727 | -€194,459 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €78,626 | €51,982 | -€26,644 | -33.9% |
| Financial debts | 43 | €170,413 | €21,962 | -€148,451 | -87.1% |
| Credit institutions | 430/8 | €164,815 | €21,500 | -€143,315 | -87.0% |
| Other loans | 439 | €5,598 | €462 | -€5,136 | -91.7% |
| Trade debts | 44 | €73,547 | €91,634 | +€18,087 | +24.6% |
| Suppliers | 440/4 | €73,547 | €91,634 | +€18,087 | +24.6% |
| Taxes, remuneration and social security | 45 | €81,600 | €44,149 | -€37,451 | -45.9% |
| Taxes | 450/3 | €62,583 | €44,149 | -€18,434 | -29.5% |
| Remuneration and social security | 454/9 | €19,017 | - | -€19,017 | |
| Remuneration, social security and pensions | 62 | €525,965 | €439,335 | -€86,630 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,206 | €32,780 | +€1,574 | +5.0% |
| Other operating charges | 640/8 | €637 | €252 | -€385 | -60.4% |
| Gross operating margin | 9900 | €571,873 | €489,045 | -€82,828 | -14.5% |
| Operating profit (loss) | 9901 | €14,065 | €16,678 | +€2,613 | +18.6% |
| Financial income | 75/76B | €3,921 | €685 | -€3,236 | -82.5% |
| Recurring financial income | 75 | €3,921 | €685 | -€3,236 | -82.5% |
| Financial charges | 65/66B | €13,502 | €11,237 | -€2,265 | -16.8% |
| Recurring financial charges | 65 | €13,502 | €11,237 | -€2,265 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €4,484 | €6,126 | +€1,642 | +36.6% |
| Income taxes | 67/77 | €10 | €1,768 | +€1,758 | +17580.0% |
| Profit (loss) for the period | 9904 | €4,474 | €4,358 | -€116 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,474 | €4,358 | -€116 | -2.6% |
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 6 October 2026 via checked.be.