Ionex Engineering: 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.
Ionex Engineering
Largest movements
- Stocks and contracts -€342,542
down €342,542 (-45.6%), from €751,700 to €409,158
of which Contracts in progress: -€328,372
- Receivables within one year +€204,064
up €204,064 (+17.5%), from €1.2m to €1.4m
of which Trade receivables: +€399,996
- Trade debts -€403,077
down €403,077 (-21.5%), from €1.9m to €1.5m
- Other debts +€235,722
up €235,722 (+16731.9%), from €1,409 to €237,131
- Reserves +€75,704
up €75,704 (+14.5%), from €522,162 to €597,866
- Debts after one year -€34,633
down €34,633 (-77.1%), from €44,927 to €10,294
- Staff costs +€59,106
up €59,106 (+7.8%), from €760,923 to €820,029
- Financial charges -€50,511
down €50,511 (-80.6%), from €62,683 to €12,172
- Gross operating margin -€25,377
down €25,377 (-2.4%), from €1.0m to €1.0m
- Taxes -€11,576
down €11,576 (-23.5%), from €49,236 to €37,659
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 | €2,566,168 | €2,446,207 | -€119,961 | -4.7% |
| Fixed assets | 21/28 | €185,462 | €170,739 | -€14,724 | -7.9% |
| Tangible fixed assets | 22/27 | €181,672 | €166,948 | -€14,724 | -8.1% |
| Plant, machinery and equipment | 23 | €8,946 | €8,788 | -€158 | -1.8% |
| Furniture and vehicles | 24 | €168,963 | €155,007 | -€13,956 | -8.3% |
| Other tangible fixed assets | 26 | €3,764 | €3,153 | -€610 | -16.2% |
| Financial fixed assets | 28 | €3,790 | €3,790 | = | 0.0% |
| Current assets | 29/58 | €2,380,706 | €2,275,468 | -€105,237 | -4.4% |
| Stocks and contracts in progress | 3 | €751,700 | €409,158 | -€342,542 | -45.6% |
| Stocks | 30/36 | €423,329 | €409,158 | -€14,170 | -3.3% |
| Contracts in progress | 37 | €328,372 | - | -€328,372 | |
| Amounts receivable within one year | 40/41 | €1,168,541 | €1,372,605 | +€204,064 | +17.5% |
| Trade receivables | 40 | €637,722 | €1,037,718 | +€399,996 | +62.7% |
| Other amounts receivable | 41 | €530,819 | €334,886 | -€195,933 | -36.9% |
| Cash at bank and in hand | 54/58 | €438,278 | €453,029 | +€14,751 | +3.4% |
| Deferred charges and accrued income | 490/1 | €22,186 | €40,676 | +€18,490 | +83.3% |
| Total equity and liabilities | 10/49 | €2,566,168 | €2,446,207 | -€119,961 | -4.7% |
| Equity | 10/15 | €540,841 | €616,545 | +€75,704 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €522,162 | €597,866 | +€75,704 | +14.5% |
| Distributable reserves | 133 | €522,162 | €597,866 | +€75,704 | +14.5% |
| Profit (loss) carried forward | 14 | €79 | €79 | = | 0.0% |
| Amounts payable | 17/49 | €2,025,327 | €1,829,662 | -€195,665 | -9.7% |
| Amounts payable after more than one year | 17 | €44,927 | €10,294 | -€34,633 | -77.1% |
| Financial debts | 170/4 | €44,927 | €10,294 | -€34,633 | -77.1% |
| Amounts payable within one year | 42/48 | €1,980,399 | €1,819,368 | -€161,031 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €42,227 | €29,969 | -€12,258 | -29.0% |
| Trade debts | 44 | €1,870,478 | €1,467,401 | -€403,077 | -21.5% |
| Suppliers | 440/4 | €1,870,478 | €1,467,401 | -€403,077 | -21.5% |
| Taxes, remuneration and social security | 45 | €66,285 | €84,868 | +€18,582 | +28.0% |
| Remuneration and social security | 454/9 | €66,285 | €84,868 | +€18,582 | +28.0% |
| Other amounts payable | 47/48 | €1,409 | €237,131 | +€235,722 | +16731.9% |
| Non-recurring operating income | 76A | €4,100 | - | -€4,100 | |
| Remuneration, social security and pensions | 62 | €760,923 | €820,029 | +€59,106 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,180 | €61,827 | +€6,647 | +12.0% |
| Other operating charges | 640/8 | €2,444 | €3,846 | +€1,402 | +57.4% |
| Non-recurring operating charges | 66A | - | €5,874 | +€5,874 | |
| Gross operating margin | 9900 | €1,040,703 | €1,015,326 | -€25,377 | -2.4% |
| Operating profit (loss) | 9901 | €222,156 | €123,750 | -€98,406 | -44.3% |
| Financial income | 75/76B | - | €1,785 | +€1,785 | |
| Recurring financial income | 75 | - | €1,785 | +€1,785 | |
| Financial charges | 65/66B | €62,683 | €12,172 | -€50,511 | -80.6% |
| Recurring financial charges | 65 | €62,683 | €12,172 | -€50,511 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | €159,473 | €113,363 | -€46,110 | -28.9% |
| Income taxes | 67/77 | €49,236 | €37,659 | -€11,576 | -23.5% |
| Profit (loss) for the period | 9904 | €110,237 | €75,704 | -€34,533 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €110,237 | €75,704 | -€34,533 | -31.3% |
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 5 October 2026 via checked.be.