IKSEL: 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.
IKSEL
Largest movements
- Cash -€29,848
down €29,848 (-83.8%), from €35,636 to €5,788
mainly Net result for the year (-€30,433) and Investment in fixed assets (net) (-€11,291)
- Tangible fixed assets +€11,291
new in 2025: €11,291
- Profit (loss) carried forward -€30,433
down €30,433 (-70.2%), from €43,349 to €12,916
- Other debts +€9,975
up €9,975 (+39900.0%), from €25 to €10,000
- Tax, wage and social debts +€1,083
up €1,083 (+16.6%), from €6,524 to €7,607
of which Remuneration and social security: +€1,100
- Trade debts +€989
up €989 (+27.5%), from €3,597 to €4,586
- Provisions +€10,000
no longer reported in 2025 (was -€10,000)
- Gross operating margin -€2,054
down €2,054 (-7.6%), from -€26,956 to -€29,010
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 | €97,495 | €79,109 | -€18,386 | -18.9% |
| Fixed assets | 21/28 | €58,205 | €69,496 | +€11,291 | +19.4% |
| Tangible fixed assets | 22/27 | - | €11,291 | +€11,291 | |
| Assets under construction and advance payments | 27 | - | €11,291 | +€11,291 | |
| Financial fixed assets | 28 | €58,205 | €58,205 | = | 0.0% |
| Current assets | 29/58 | €39,290 | €9,613 | -€29,677 | -75.5% |
| Amounts receivable within one year | 40/41 | €2,805 | €2,976 | +€171 | +6.1% |
| Other amounts receivable | 41 | €2,805 | €2,976 | +€171 | +6.1% |
| Cash at bank and in hand | 54/58 | €35,636 | €5,788 | -€29,848 | -83.8% |
| Deferred charges and accrued income | 490/1 | €849 | €849 | = | 0.0% |
| Total equity and liabilities | 10/49 | €97,495 | €79,109 | -€18,386 | -18.9% |
| Equity | 10/15 | €87,349 | €56,916 | -€30,433 | -34.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,349 | €12,916 | -€30,433 | -70.2% |
| Amounts payable | 17/49 | €10,146 | €22,193 | +€12,047 | +118.7% |
| Amounts payable within one year | 42/48 | €10,146 | €22,193 | +€12,047 | +118.7% |
| Trade debts | 44 | €3,597 | €4,586 | +€989 | +27.5% |
| Suppliers | 440/4 | €3,597 | €4,586 | +€989 | +27.5% |
| Taxes, remuneration and social security | 45 | €6,524 | €7,607 | +€1,083 | +16.6% |
| Taxes | 450/3 | €5,024 | €5,007 | -€17 | -0.3% |
| Remuneration and social security | 454/9 | €1,500 | €2,600 | +€1,100 | +73.3% |
| Other amounts payable | 47/48 | €25 | €10,000 | +€9,975 | +39900.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,000 | - | +€10,000 | |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.3% |
| Gross operating margin | 9900 | -€26,956 | -€29,010 | -€2,054 | -7.6% |
| Operating profit (loss) | 9901 | -€17,467 | -€29,538 | -€12,071 | -69.1% |
| Financial income | 75/76B | €73 | - | -€73 | |
| Recurring financial income | 75 | €73 | - | -€73 | |
| Financial charges | 65/66B | €507 | €506 | -€1 | -0.2% |
| Recurring financial charges | 65 | €507 | €506 | -€1 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,901 | -€30,044 | -€12,143 | -67.8% |
| Income taxes | 67/77 | €406 | €389 | -€17 | -4.2% |
| Profit (loss) for the period | 9904 | -€18,307 | -€30,433 | -€12,126 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,307 | -€30,433 | -€12,126 | -66.2% |
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 9 October 2026 via checked.be.