IKP Engineering: 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.
IKP Engineering
Largest movements
- Receivables within one year +€43,781
up €43,781 (+32.5%), from €134,674 to €178,454
of which Trade receivables: +€44,093
- Intangible fixed assets -€15,000
down €15,000 (-50.0%), from €30,000 to €15,000
- Tangible fixed assets -€11,308
down €11,308 (-18.0%), from €62,850 to €51,542
of which Furniture and vehicles: -€9,595
- Cash +€10,232
up €10,232 (+10.8%), from €95,107 to €105,339
mainly Tax, wage and social debts (+€39,083) and Net result for the year (+€35,878)
- Tax, wage and social debts +€39,083
up €39,083 (+143%), from €27,425 to €66,507
of which Taxes: +€26,353
- Reserves +€15,878
up €15,878 (+8.2%), from €193,146 to €209,024
- Trade debts -€13,569
down €13,569 (-18.4%), from €73,764 to €60,195
- Debts after one year -€7,204
down €7,204 (-36.4%), from €19,769 to €12,565
- Current portion of long-term debt -€6,711
down €6,711 (-48.2%), from €13,915 to €7,204
- Staff costs +€87,052
up €87,052 (+45.8%), from €190,152 to €277,203
- Gross operating margin +€85,157
up €85,157 (+31.3%), from €271,930 to €357,087
- Depreciation +€5,289
up €5,289 (+21.1%), from €25,126 to €30,415
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 | €368,019 | €395,820 | +€27,802 | +7.6% |
| Fixed assets | 21/28 | €96,624 | €70,316 | -€26,308 | -27.2% |
| Intangible fixed assets | 21 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Tangible fixed assets | 22/27 | €62,850 | €51,542 | -€11,308 | -18.0% |
| Plant, machinery and equipment | 23 | €11,400 | €9,688 | -€1,713 | -15.0% |
| Furniture and vehicles | 24 | €51,449 | €41,854 | -€9,595 | -18.6% |
| Financial fixed assets | 28 | €3,774 | €3,774 | = | 0.0% |
| Current assets | 29/58 | €271,395 | €325,504 | +€54,110 | +19.9% |
| Amounts receivable within one year | 40/41 | €134,674 | €178,454 | +€43,781 | +32.5% |
| Trade receivables | 40 | €134,361 | €178,454 | +€44,093 | +32.8% |
| Other amounts receivable | 41 | €312 | - | -€312 | |
| Current investments | 50/53 | €17,564 | €20,211 | +€2,647 | +15.1% |
| Cash at bank and in hand | 54/58 | €95,107 | €105,339 | +€10,232 | +10.8% |
| Deferred charges and accrued income | 490/1 | €24,050 | €21,500 | -€2,551 | -10.6% |
| Total equity and liabilities | 10/49 | €368,019 | €395,820 | +€27,802 | +7.6% |
| Equity | 10/15 | €213,146 | €229,024 | +€15,878 | +7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €193,146 | €209,024 | +€15,878 | +8.2% |
| Distributable reserves | 133 | €193,146 | €209,024 | +€15,878 | +8.2% |
| Amounts payable | 17/49 | €154,872 | €166,796 | +€11,924 | +7.7% |
| Amounts payable after more than one year | 17 | €19,769 | €12,565 | -€7,204 | -36.4% |
| Financial debts | 170/4 | €19,769 | €12,565 | -€7,204 | -36.4% |
| Amounts payable within one year | 42/48 | €135,103 | €154,231 | +€19,127 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €13,915 | €7,204 | -€6,711 | -48.2% |
| Trade debts | 44 | €73,764 | €60,195 | -€13,569 | -18.4% |
| Suppliers | 440/4 | €73,764 | €60,195 | -€13,569 | -18.4% |
| Taxes, remuneration and social security | 45 | €27,425 | €66,507 | +€39,083 | +143% |
| Taxes | 450/3 | €9,230 | €35,584 | +€26,353 | +286% |
| Remuneration and social security | 454/9 | €18,194 | €30,924 | +€12,730 | +70.0% |
| Other amounts payable | 47/48 | €20,000 | €20,325 | +€325 | +1.6% |
| Remuneration, social security and pensions | 62 | €190,152 | €277,203 | +€87,052 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,126 | €30,415 | +€5,289 | +21.1% |
| Other operating charges | 640/8 | €1,664 | €1,963 | +€298 | +17.9% |
| Gross operating margin | 9900 | €271,930 | €357,087 | +€85,157 | +31.3% |
| Operating profit (loss) | 9901 | €54,988 | €47,506 | -€7,482 | -13.6% |
| Financial income | 75/76B | €615 | €1,732 | +€1,117 | +182% |
| Recurring financial income | 75 | €615 | €1,732 | +€1,117 | +182% |
| Financial charges | 65/66B | €4,335 | €2,905 | -€1,430 | -33.0% |
| Recurring financial charges | 65 | €4,335 | €2,905 | -€1,430 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €51,268 | €46,332 | -€4,935 | -9.6% |
| Income taxes | 67/77 | €9,219 | €10,454 | +€1,236 | +13.4% |
| Profit (loss) for the period | 9904 | €42,049 | €35,878 | -€6,171 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,049 | €35,878 | -€6,171 | -14.7% |
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 24 October 2026 via checked.be.