ionProjects: 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.
ionProjects
Largest movements
- Receivables after one year +€550,000
new in 2025: €550,000
- Receivables within one year +€232,937
up €232,937 (+46.4%), from €502,432 to €735,369
of which Trade receivables: +€232,234
- Cash -€92,827
down €92,827 (-4.3%), from €2.2m to €2.1m
mainly Receivables after one year (-€550,000) and Receivables within one year (-€232,937)
- Profit (loss) carried forward +€414,323
up €414,323 (+48.9%), from €847,134 to €1.3m
- Accrued charges and deferred income +€208,799
up €208,799 (+14.0%), from €1.5m to €1.7m
- Trade debts +€53,765
up €53,765 (+42.0%), from €128,078 to €181,843
- Staff costs -€100,087
down €100,087 (-7.7%), from €1.3m to €1.2m
- Write-downs -€35,569
down €35,569, from €34,119 to -€1,450
- Taxes +€29,846
up €29,846 (+22.8%), from €131,157 to €161,003
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 | €2,730,824 | €3,437,194 | +€706,370 | +25.9% |
| Fixed assets | 21/28 | €30,097 | €26,774 | -€3,323 | -11.0% |
| Intangible fixed assets | 21 | €10,616 | €8,537 | -€2,079 | -19.6% |
| Tangible fixed assets | 22/27 | €15,551 | €14,307 | -€1,245 | -8.0% |
| Plant, machinery and equipment | 23 | €13,136 | €12,891 | -€245 | -1.9% |
| Furniture and vehicles | 24 | €2,416 | €1,416 | -€1,000 | -41.4% |
| Financial fixed assets | 28 | €3,930 | €3,930 | = | 0.0% |
| Current assets | 29/58 | €2,700,728 | €3,410,421 | +€709,693 | +26.3% |
| Amounts receivable after more than one year | 29 | - | €550,000 | +€550,000 | |
| Other amounts receivable | 291 | - | €550,000 | +€550,000 | |
| Amounts receivable within one year | 40/41 | €502,432 | €735,369 | +€232,937 | +46.4% |
| Trade receivables | 40 | €502,246 | €734,480 | +€232,234 | +46.2% |
| Other amounts receivable | 41 | €186 | €889 | +€703 | +376.9% |
| Cash at bank and in hand | 54/58 | €2,169,737 | €2,076,910 | -€92,827 | -4.3% |
| Deferred charges and accrued income | 490/1 | €28,558 | €48,141 | +€19,583 | +68.6% |
| Total equity and liabilities | 10/49 | €2,730,824 | €3,437,194 | +€706,370 | +25.9% |
| Equity | 10/15 | €877,088 | €1,291,411 | +€414,323 | +47.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,354 | €11,354 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,494 | €9,494 | = | 0.0% |
| Profit (loss) carried forward | 14 | €847,134 | €1,261,457 | +€414,323 | +48.9% |
| Amounts payable | 17/49 | €1,853,736 | €2,145,783 | +€292,047 | +15.8% |
| Amounts payable within one year | 42/48 | €357,859 | €441,107 | +€83,248 | +23.3% |
| Trade debts | 44 | €128,078 | €181,843 | +€53,765 | +42.0% |
| Suppliers | 440/4 | €128,078 | €181,843 | +€53,765 | +42.0% |
| Taxes, remuneration and social security | 45 | €229,781 | €259,265 | +€29,483 | +12.8% |
| Taxes | 450/3 | €76,942 | €113,262 | +€36,319 | +47.2% |
| Remuneration and social security | 454/9 | €152,839 | €146,003 | -€6,836 | -4.5% |
| Accrued charges and deferred income | 492/3 | €1,495,877 | €1,704,676 | +€208,799 | +14.0% |
| Remuneration, social security and pensions | 62 | €1,301,519 | €1,201,432 | -€100,087 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,215 | €9,798 | +€1,583 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,119 | -€1,450 | -€35,569 | |
| Other operating charges | 640/8 | €12,529 | €2,632 | -€9,898 | -79.0% |
| Gross operating margin | 9900 | €1,766,015 | €1,765,533 | -€482 | 0.0% |
| Operating profit (loss) | 9901 | €409,633 | €553,122 | +€143,489 | +35.0% |
| Financial income | 75/76B | €24,149 | €35,683 | +€11,535 | +47.8% |
| Recurring financial income | 75 | €24,149 | €35,683 | +€11,535 | +47.8% |
| Financial charges | 65/66B | €6,193 | €13,478 | +€7,286 | +117.7% |
| Recurring financial charges | 65 | €6,193 | €13,478 | +€7,286 | +117.7% |
| Profit (loss) for the period before taxes | 9903 | €427,589 | €575,327 | +€147,738 | +34.6% |
| Income taxes | 67/77 | €131,157 | €161,003 | +€29,846 | +22.8% |
| Profit (loss) for the period | 9904 | €296,432 | €414,323 | +€117,892 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €296,432 | €414,323 | +€117,892 | +39.8% |
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.