IONICS: 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.
What changed
IONICS
NACE 25.510, Coating of metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.4m
2024 · -€1.3m-€182,771
Equity
€1.7m
2024 · €4.1m-€2.3m
Cash
€131,332
2024 · €841,257-€709,926
Balance sheet total
€4.9m
2024 · €6.8m-€1.9m
Largest movements
Assets
- Intangible fixed assets -€735,838
down €735,838 (-34.4%), from €2.1m to €1.4m
- Cash -€709,926
down €709,926 (-84.4%), from €841,257 to €131,332
mainly Net result for the year (-€1.4m) and Contributions, distributions and other (-€856,553)
- Receivables after one year -€255,636
down €255,636 (-100.0%), from €255,636 to €0
- Financial fixed assets -€224,983
down €224,983 (-34.4%), from €653,358 to €428,376
of which Affiliated companies: -€300,000
- Stocks and contracts +€90,687
up €90,687 (+42.4%), from €214,040 to €304,726
Equity and liabilities
- Profit (loss) carried forward -€1.4m
down €1.4m (-16.7%), from -€8.7m to -€10.1m
- Investment grants -€856,553
down €856,553 (-50.2%), from €1.7m to €850,782
- Accrued charges and deferred income -€386,349
down €386,349 (-99.1%), from €389,893 to €3,545
- Advances received +€363,000
new in 2025: €363,000
- Short-term financial debts +€360,314
new in 2025: €360,314
Income statement
- Turnover +€886,996
up €886,996 (+26.5%), from €3.4m to €4.2m
- Goods and materials +€739,665
up €739,665 (+40.8%), from €1.8m to €2.6m
of which Purchases: +€781,876
- Depreciation -€500,018
down €500,018 (-31.3%), from €1.6m to €1.1m
- Financial charges +€358,312
up €358,312 (+596.1%), from €60,108 to €418,421
of which Non-recurring financial charges: +€300,000
- Financial income -€242,642
down €242,642 (-26.5%), from €916,029 to €673,387
of which Financial income: -€317,642
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.
Result 2024
-€1.3m
Turnover
+€886,996
Other operating income
-€71,873
Goods and materials
-€739,665
Services and other goods
-€54,432
Staff costs
+€88,609
Depreciation
+€500,018
Provisions
-€34,196
Other operating charges
-€4,330
Other operating items
-€139,382
Financial income
-€242,642
Financial charges
-€358,312
Taxes
-€13,562
Result 2025
-€1.4m
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.
From operations
-€14,249
Investment
-€62,418
Financing
-€633,259
Cash 2024
€841,257
From operations (derived)
-€14,249
Net result for the year
-€1.4m
Depreciation
+€1.1m
Receivables after one year
+€255,636
Stocks and contracts
-€90,687
Receivables within one year
-€34,816
Deferred charges and accrued income
+€38,829
Trade debts
+€145,539
Tax, wage and social debts
+€40,811
Advances received
+€363,000
Accrued charges and deferred income
-€386,349
Investment (derived)
-€62,418
Investment in fixed assets (net)
-€62,418
Financing
-€633,259
Debts after one year
-€173,830
Current portion of long-term debt
+€36,810
Short-term financial debts
+€360,314
Contributions, distributions and other
-€856,553
Cash 2025
€131,332
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,841,910 | €4,925,918 | -€1.9m | -28.0% |
| Formation expenses | 20 | €6,652 | €731 | -€5,921 | -89.0% |
| Fixed assets | 21/28 | €3,599,848 | €2,568,665 | -€1.0m | -28.6% |
| Intangible fixed assets | 21 | €2,136,879 | €1,401,041 | -€735,838 | -34.4% |
| Tangible fixed assets | 22/27 | €809,610 | €739,248 | -€70,362 | -8.7% |
| Land and buildings | 22 | €395,646 | €363,125 | -€32,521 | -8.2% |
| Plant, machinery and equipment | 23 | €338,046 | €328,450 | -€9,597 | -2.8% |
| Furniture and vehicles | 24 | €2,475 | €2,490 | +€15 | +0.6% |
| Leasing and similar rights | 25 | €73,442 | €45,184 | -€28,259 | -38.5% |
| Financial fixed assets | 28 | €653,358 | €428,376 | -€224,983 | -34.4% |
| Affiliated companies | 280/1 | €649,999 | €349,999 | -€300,000 | -46.2% |
| Participating interests | 280 | €649,999 | €349,999 | -€300,000 | -46.2% |
| Companies linked by participating interests | 282/3 | €1 | €75,001 | +€75,000 | +7500000.0% |
| Participating interests | 282 | €1 | €1 | = | 0.0% |
| Amounts receivable | 283 | - | €75,000 | +€75,000 | |
| Other financial fixed assets | 284/8 | €3,358 | €3,376 | +€17 | +0.5% |
| Amounts receivable and cash guarantees | 285/8 | €3,358 | €3,376 | +€17 | +0.5% |
| Current assets | 29/58 | €3,235,410 | €2,356,521 | -€878,889 | -27.2% |
| Amounts receivable after more than one year | 29 | €255,636 | €0 | -€255,636 | -100.0% |
| Other amounts receivable | 291 | €255,636 | €0 | -€255,636 | -100.0% |
| Stocks and contracts in progress | 3 | €214,040 | €304,726 | +€90,687 | +42.4% |
| Stocks | 30/36 | €214,040 | €304,726 | +€90,687 | +42.4% |
| Raw materials and consumables | 30/31 | €214,040 | €304,726 | +€90,687 | +42.4% |
| Amounts receivable within one year | 40/41 | €1,862,162 | €1,896,977 | +€34,816 | +1.9% |
| Trade receivables | 40 | €1,020,741 | €1,466,181 | +€445,440 | +43.6% |
| Other amounts receivable | 41 | €841,420 | €430,796 | -€410,624 | -48.8% |
| Cash at bank and in hand | 54/58 | €841,257 | €131,332 | -€709,926 | -84.4% |
| Deferred charges and accrued income | 490/1 | €62,315 | €23,486 | -€38,829 | -62.3% |
| Total equity and liabilities | 10/49 | €6,841,910 | €4,925,918 | -€1.9m | -28.0% |
| Equity | 10/15 | €4,051,873 | €1,749,585 | -€2.3m | -56.8% |
| Contributions | 10/11 | €11,000,000 | €11,000,000 | = | 0.0% |
| Capital | 10 | €4,875,070 | €4,875,070 | = | 0.0% |
| Issued capital | 100 | €4,875,070 | €4,875,070 | = | 0.0% |
| Outside capital | 11 | €6,124,930 | €6,124,930 | = | 0.0% |
| Share premium | 1100/10 | €6,124,930 | €6,124,930 | = | 0.0% |
| Reserves | 13 | €1,512 | €1,512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,512 | €1,512 | = | 0.0% |
| Legal reserve | 130 | €1,512 | €1,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,656,975 | -€10,102,709 | -€1.4m | -16.7% |
| Investment grants | 15 | €1,707,335 | €850,782 | -€856,553 | -50.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €2,790,037 | €3,176,332 | +€386,295 | +13.8% |
| Amounts payable after more than one year | 17 | €566,707 | €392,877 | -€173,830 | -30.7% |
| Financial debts | 170/4 | €566,707 | €392,877 | -€173,830 | -30.7% |
| Leasing and similar obligations | 172 | €41,707 | €17,877 | -€23,830 | -57.1% |
| Other loans | 174 | €525,000 | €375,000 | -€150,000 | -28.6% |
| Amounts payable within one year | 42/48 | €1,833,437 | €2,779,911 | +€946,474 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €716,520 | €753,330 | +€36,810 | +5.1% |
| Financial debts | 43 | - | €360,314 | +€360,314 | |
| Credit institutions | 430/8 | - | €360,314 | +€360,314 | |
| Trade debts | 44 | €806,486 | €952,025 | +€145,539 | +18.0% |
| Suppliers | 440/4 | €806,486 | €952,025 | +€145,539 | +18.0% |
| Advances received on contracts in progress | 46 | - | €363,000 | +€363,000 | |
| Taxes, remuneration and social security | 45 | €202,416 | €243,227 | +€40,811 | +20.2% |
| Taxes | 450/3 | €24,169 | €70,613 | +€46,444 | +192.2% |
| Remuneration and social security | 454/9 | €178,247 | €172,614 | -€5,633 | -3.2% |
| Other amounts payable | 47/48 | €108,015 | €108,015 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €389,893 | €3,545 | -€386,349 | -99.1% |
| Operating income | 70/76A | €3,943,874 | €4,619,615 | +€675,741 | +17.1% |
| Turnover | 70 | €3,353,473 | €4,240,469 | +€886,996 | +26.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €0 | - | = | |
| Own construction capitalised | 72 | €353,671 | €214,290 | -€139,382 | -39.4% |
| Other operating income | 74 | €236,730 | €164,857 | -€71,873 | -30.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €6,075,300 | €6,319,295 | +€243,995 | +4.0% |
| Goods for resale, raw materials and consumables | 60 | €1,814,572 | €2,554,237 | +€739,665 | +40.8% |
| Purchases | 600/8 | €1,863,047 | €2,644,924 | +€781,876 | +42.0% |
| Change in stocks: decrease (increase) | 609 | -€48,475 | -€90,687 | -€42,212 | -87.1% |
| Services and other goods | 61 | €1,365,566 | €1,419,998 | +€54,432 | +4.0% |
| Remuneration, social security and pensions | 62 | €1,298,007 | €1,209,398 | -€88,609 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,599,540 | €1,099,521 | -€500,018 | -31.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€34,196 | €0 | +€34,196 | |
| Other operating charges | 640/8 | €31,810 | €36,140 | +€4,330 | +13.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | -€2,131,426 | -€1,699,680 | +€431,746 | +20.3% |
| Financial income | 75/76B | €916,029 | €673,387 | -€242,642 | -26.5% |
| Recurring financial income | 75 | €916,029 | €598,387 | -€317,642 | -34.7% |
| Other financial income | 752/9 | €916,029 | €598,387 | -€317,642 | -34.7% |
| Non-recurring financial income | 76B | - | €75,000 | +€75,000 | |
| Financial charges | 65/66B | €60,108 | €418,421 | +€358,312 | +596.1% |
| Recurring financial charges | 65 | €60,108 | €118,421 | +€58,312 | +97.0% |
| Debt charges | 650 | €37,478 | €42,969 | +€5,490 | +14.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €47,573 | +€47,573 | |
| Other financial charges | 652/9 | €22,630 | €27,879 | +€5,249 | +23.2% |
| Non-recurring financial charges | 66B | - | €300,000 | +€300,000 | |
| Profit (loss) for the period before taxes | 9903 | -€1,275,505 | -€1,444,714 | -€169,209 | -13.3% |
| Income taxes | 67/77 | -€12,542 | €1,021 | +€13,562 | |
| Taxes | 670/3 | €1,163 | €1,021 | -€142 | -12.2% |
| Tax adjustments and reversals of tax provisions | 77 | €13,705 | €0 | -€13,705 | -100.0% |
| Profit (loss) for the period | 9904 | -€1,262,963 | -€1,445,734 | -€182,771 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,262,963 | -€1,445,734 | -€182,771 | -14.5% |
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 4 October 2026 via checked.be.