IONIC: 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.
IONIC
Largest movements
- Tangible fixed assets -€1,854
no longer reported in 2025 (was €1,854)
- Other debts +€182,196
up €182,196 (+50.9%), from €357,854 to €540,050
- Debts after one year -€142,565
no longer reported in 2025 (was €142,565)
- Trade debts -€34,752
down €34,752 (-82.8%), from €41,993 to €7,240
- Profit (loss) carried forward -€6,316
down €6,316 (-0.6%), from -€973,713 to -€980,029
- Gross operating margin -€58,342
down €58,342 (-92.3%), from €63,208 to €4,867
- Financial charges -€1,809
down €1,809 (-79.6%), from €2,273 to €464
of which Non-recurring financial charges: -€1,704
- Depreciation -€1,488
down €1,488 (-89.0%), from €1,671 to €183
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,578 | €119,250 | -€2,329 | -1.9% |
| Fixed assets | 21/28 | €1,854 | - | -€1,854 | |
| Tangible fixed assets | 22/27 | €1,854 | - | -€1,854 | |
| Furniture and vehicles | 24 | €1,854 | - | -€1,854 | |
| Current assets | 29/58 | €119,724 | €119,250 | -€474 | -0.4% |
| Amounts receivable within one year | 40/41 | €119,600 | €119,248 | -€352 | -0.3% |
| Trade receivables | 40 | €119,600 | €119,248 | -€352 | -0.3% |
| Cash at bank and in hand | 54/58 | €97 | €2 | -€95 | -98.4% |
| Deferred charges and accrued income | 490/1 | €27 | - | -€27 | |
| Total equity and liabilities | 10/49 | €121,578 | €119,250 | -€2,329 | -1.9% |
| Equity | 10/15 | -€423,389 | -€429,705 | -€6,316 | -1.5% |
| Contributions | 10/11 | €550,324 | €550,324 | = | 0.0% |
| Capital | 10 | €550,324 | €550,324 | = | 0.0% |
| Issued capital | 100 | €550,324 | €550,324 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€973,713 | -€980,029 | -€6,316 | -0.6% |
| Amounts payable | 17/49 | €544,968 | €548,955 | +€3,987 | +0.7% |
| Amounts payable after more than one year | 17 | €142,565 | - | -€142,565 | |
| Financial debts | 170/4 | €142,565 | - | -€142,565 | |
| Amounts payable within one year | 42/48 | €402,403 | €548,955 | +€146,552 | +36.4% |
| Trade debts | 44 | €41,993 | €7,240 | -€34,752 | -82.8% |
| Suppliers | 440/4 | €41,993 | €7,240 | -€34,752 | -82.8% |
| Taxes, remuneration and social security | 45 | €2,556 | €1,664 | -€892 | -34.9% |
| Taxes | 450/3 | €2,556 | €1,664 | -€892 | -34.9% |
| Other amounts payable | 47/48 | €357,854 | €540,050 | +€182,196 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,671 | €183 | -€1,488 | -89.0% |
| Other operating charges | 640/8 | €1,070 | €886 | -€184 | -17.2% |
| Gross operating margin | 9900 | €63,208 | €4,867 | -€58,342 | -92.3% |
| Operating profit (loss) | 9901 | €60,467 | €3,798 | -€56,669 | -93.7% |
| Financial charges | 65/66B | €2,273 | €464 | -€1,809 | -79.6% |
| Recurring financial charges | 65 | €569 | €464 | -€105 | -18.5% |
| Non-recurring financial charges | 66B | €1,704 | - | -€1,704 | |
| Profit (loss) for the period before taxes | 9903 | €58,194 | €3,334 | -€54,860 | -94.3% |
| Income taxes | 67/77 | -€61 | €162 | +€223 | |
| Profit (loss) for the period | 9904 | €58,255 | €3,172 | -€55,083 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,255 | €3,172 | -€55,083 | -94.6% |
Source: filed annual accounts (NBB), financial years ended 30 December 2023 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.