IP CONSULTING: 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
IP CONSULTING
NACE 77.110, Renting and leasing of cars and light motor vehicles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€129,258
2024 · €140,147-€10,889
Equity
€2.0m
2024 · €1.9m+€129,258
Cash
€248,956
2024 · €346,574-€97,618
Balance sheet total
€4.4m
2024 · €4.2m+€134,092
Largest movements
Assets
- Tangible fixed assets +€491,558
up €491,558 (+14.5%), from €3.4m to €3.9m
of which Furniture and vehicles: +€514,421
- Receivables within one year -€246,178
down €246,178 (-61.5%), from €399,967 to €153,789
of which Trade receivables: -€308,269
- Cash -€97,618
down €97,618 (-28.2%), from €346,574 to €248,956
mainly Investment in fixed assets (net) (-€939,008) and Advances received (-€236,390)
Equity and liabilities
- Advances received -€236,390
down €236,390 (-65.4%), from €361,404 to €125,014
- Reserves +€129,258
up €129,258 (+7.0%), from €1.8m to €2.0m
of which Distributable reserves: +€139,108
- Trade debts +€121,319
up €121,319 (+39.8%), from €305,121 to €426,440
- Current portion of long-term debt +€75,426
up €75,426 (+40.0%), from €188,714 to €264,139
- Short-term financial debts +€55,134
up €55,134 (+10.6%), from €520,000 to €575,133
Income statement
- Depreciation -€20,472
down €20,472 (-4.4%), from €467,921 to €447,449
- Staff costs +€19,225
up €19,225 (+11.3%), from €170,089 to €189,314
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
€140,147
Gross operating margin
-€4,176
Staff costs
-€19,225
Depreciation
+€20,472
Write-downs
-€3,978
Other operating charges
-€195
Financial income
+€1,560
Financial charges
-€6,018
Taxes
+€672
Result 2025
€129,258
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
+€678,347
Investment
-€931,433
Financing
+€155,468
Cash 2024
€346,574
From operations (derived)
+€678,347
Net result for the year
+€129,258
Depreciation
+€447,449
Stocks and contracts
+€3,978
Receivables within one year
+€246,178
Deferred charges and accrued income
+€2,117
Provisions
-€3,283
Trade debts
+€121,319
Tax, wage and social debts
-€32,625
Advances received
-€236,390
Other debts
+€2,997
Accrued charges and deferred income
-€2,651
Investment (derived)
-€931,433
Investment in fixed assets (net)
-€939,008
Current investments
+€7,575
Financing
+€155,468
Debts after one year
+€24,908
Current portion of long-term debt
+€75,426
Short-term financial debts
+€55,134
Cash 2025
€248,956
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,222,305 | €4,356,398 | +€134,092 | +3.2% |
| Fixed assets | 21/28 | €3,386,494 | €3,878,052 | +€491,558 | +14.5% |
| Tangible fixed assets | 22/27 | €3,386,244 | €3,877,802 | +€491,558 | +14.5% |
| Land and buildings | 22 | €648,099 | €615,910 | -€32,189 | -5.0% |
| Plant, machinery and equipment | 23 | - | €9,327 | +€9,327 | |
| Furniture and vehicles | 24 | €2,738,145 | €3,252,566 | +€514,421 | +18.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €835,812 | €478,346 | -€357,466 | -42.8% |
| Stocks and contracts in progress | 3 | €79,579 | €75,600 | -€3,978 | -5.0% |
| Stocks | 30/36 | €79,579 | €75,600 | -€3,978 | -5.0% |
| Amounts receivable within one year | 40/41 | €399,967 | €153,789 | -€246,178 | -61.5% |
| Trade receivables | 40 | €361,667 | €53,397 | -€308,269 | -85.2% |
| Other amounts receivable | 41 | €38,300 | €100,392 | +€62,091 | +162.1% |
| Current investments | 50/53 | €7,575 | €0 | -€7,575 | -100.0% |
| Cash at bank and in hand | 54/58 | €346,574 | €248,956 | -€97,618 | -28.2% |
| Deferred charges and accrued income | 490/1 | €2,117 | €0 | -€2,117 | -100.0% |
| Total equity and liabilities | 10/49 | €4,222,305 | €4,356,398 | +€134,092 | +3.2% |
| Equity | 10/15 | €1,868,719 | €1,997,977 | +€129,258 | +6.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,849,719 | €1,978,977 | +€129,258 | +7.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €188,823 | €178,973 | -€9,850 | -5.2% |
| Distributable reserves | 133 | €1,660,897 | €1,800,004 | +€139,108 | +8.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €44,954 | €41,671 | -€3,283 | -7.3% |
| Deferred taxes | 168 | €44,954 | €41,671 | -€3,283 | -7.3% |
| Amounts payable | 17/49 | €2,308,632 | €2,316,750 | +€8,118 | +0.4% |
| Amounts payable after more than one year | 17 | €852,598 | €877,507 | +€24,908 | +2.9% |
| Financial debts | 170/4 | €852,598 | €877,507 | +€24,908 | +2.9% |
| Amounts payable within one year | 42/48 | €1,453,382 | €1,439,243 | -€14,139 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €188,714 | €264,139 | +€75,426 | +40.0% |
| Financial debts | 43 | €520,000 | €575,133 | +€55,134 | +10.6% |
| Credit institutions | 430/8 | €520,000 | €575,133 | +€55,134 | +10.6% |
| Trade debts | 44 | €305,121 | €426,440 | +€121,319 | +39.8% |
| Suppliers | 440/4 | €305,121 | €426,440 | +€121,319 | +39.8% |
| Advances received on contracts in progress | 46 | €361,404 | €125,014 | -€236,390 | -65.4% |
| Taxes, remuneration and social security | 45 | €73,780 | €41,155 | -€32,625 | -44.2% |
| Taxes | 450/3 | €33,085 | €0 | -€33,085 | -100.0% |
| Remuneration and social security | 454/9 | €40,696 | €41,155 | +€460 | +1.1% |
| Other amounts payable | 47/48 | €4,363 | €7,360 | +€2,997 | +68.7% |
| Accrued charges and deferred income | 492/3 | €2,651 | €0 | -€2,651 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €170,089 | €189,314 | +€19,225 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467,921 | €447,449 | -€20,472 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,978 | +€3,978 | |
| Other operating charges | 640/8 | €19,683 | €19,878 | +€195 | +1.0% |
| Gross operating margin | 9900 | €901,517 | €897,341 | -€4,176 | -0.5% |
| Operating profit (loss) | 9901 | €243,825 | €236,722 | -€7,103 | -2.9% |
| Financial income | 75/76B | €655 | €2,215 | +€1,560 | +238.3% |
| Recurring financial income | 75 | €655 | €457 | -€198 | -30.3% |
| Non-recurring financial income | 76B | - | €1,758 | +€1,758 | |
| Financial charges | 65/66B | €63,170 | €69,189 | +€6,018 | +9.5% |
| Recurring financial charges | 65 | €63,170 | €69,189 | +€6,018 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €181,309 | €169,748 | -€11,561 | -6.4% |
| Transfer from deferred taxes | 780 | €3,283 | €3,283 | = | 0.0% |
| Income taxes | 67/77 | €44,446 | €43,774 | -€672 | -1.5% |
| Profit (loss) for the period | 9904 | €140,147 | €129,258 | -€10,889 | -7.8% |
| Transfer from tax-exempt reserves | 789 | €9,850 | €9,850 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €149,997 | €139,108 | -€10,889 | -7.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.