IP groep: 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.
IP groep
Largest movements
- Receivables within one year -€18,567
down €18,567 (-97.3%), from €19,089 to €522
of which Other amounts receivable: -€12,591
- Cash -€3,691
down €3,691 (-8.3%), from €44,341 to €40,650
mainly Contributions, distributions and other (-€23,718) and Trade debts (-€9,290)
- Deferred charges and accrued income -€2,320
down €2,320 (-50.8%), from €4,570 to €2,250
- Tangible fixed assets -€801
no longer reported in 2025 (was €801)
of which Furniture and vehicles: -€510
- Contributions -€22,000
down €22,000 (-73.3%), from €30,000 to €8,000
- Trade debts -€9,290
down €9,290 (-90.6%), from €10,258 to €968
- Other debts +€6,176
new in 2025: €6,176
- Tax, wage and social debts -€727
down €727 (-80.8%), from €900 to €173
- Gross operating margin -€35,280
down €35,280 (-89.6%), from €39,394 to €4,115
- Financial charges -€11,865
down €11,865 (-91.9%), from €12,916 to €1,050
of which Financial charges: -€6,800
- Other operating charges -€5,051
down €5,051 (-87.4%), from €5,781 to €730
- Depreciation -€2,402
down €2,402 (-75.0%), from €3,203 to €801
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 | €68,801 | €43,422 | -€25,379 | -36.9% |
| Fixed assets | 21/28 | €801 | - | -€801 | |
| Tangible fixed assets | 22/27 | €801 | - | -€801 | |
| Plant, machinery and equipment | 23 | €291 | - | -€291 | |
| Furniture and vehicles | 24 | €510 | - | -€510 | |
| Current assets | 29/58 | €68,000 | €43,422 | -€24,578 | -36.1% |
| Amounts receivable within one year | 40/41 | €19,089 | €522 | -€18,567 | -97.3% |
| Trade receivables | 40 | €5,976 | - | -€5,976 | |
| Other amounts receivable | 41 | €13,113 | €522 | -€12,591 | -96.0% |
| Cash at bank and in hand | 54/58 | €44,341 | €40,650 | -€3,691 | -8.3% |
| Deferred charges and accrued income | 490/1 | €4,570 | €2,250 | -€2,320 | -50.8% |
| Total equity and liabilities | 10/49 | €68,801 | €43,422 | -€25,379 | -36.9% |
| Equity | 10/15 | €57,642 | €36,105 | -€21,537 | -37.4% |
| Contributions | 10/11 | €30,000 | €8,000 | -€22,000 | -73.3% |
| Reserves | 13 | €27,642 | €28,105 | +€463 | +1.7% |
| Distributable reserves | 133 | €27,642 | €28,105 | +€463 | +1.7% |
| Amounts payable | 17/49 | €11,159 | €7,317 | -€3,841 | -34.4% |
| Amounts payable within one year | 42/48 | €11,159 | €7,317 | -€3,841 | -34.4% |
| Trade debts | 44 | €10,258 | €968 | -€9,290 | -90.6% |
| Suppliers | 440/4 | €10,258 | €968 | -€9,290 | -90.6% |
| Taxes, remuneration and social security | 45 | €900 | €173 | -€727 | -80.8% |
| Taxes | 450/3 | €900 | €173 | -€727 | -80.8% |
| Other amounts payable | 47/48 | - | €6,176 | +€6,176 | |
| Non-recurring operating income | 76A | €11,926 | - | -€11,926 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,203 | €801 | -€2,402 | -75.0% |
| Other operating charges | 640/8 | €5,781 | €730 | -€5,051 | -87.4% |
| Non-recurring operating charges | 66A | €64,896 | - | -€64,896 | |
| Gross operating margin | 9900 | €39,394 | €4,115 | -€35,280 | -89.6% |
| Operating profit (loss) | 9901 | -€34,485 | €2,584 | +€37,069 | |
| Financial income | 75/76B | €573 | €647 | +€73 | +12.8% |
| Recurring financial income | 75 | €573 | €647 | +€73 | +12.8% |
| Financial charges | 65/66B | €12,916 | €1,050 | -€11,865 | -91.9% |
| Recurring financial charges | 65 | €7,851 | €1,050 | -€6,800 | -86.6% |
| Non-recurring financial charges | 66B | €5,065 | - | -€5,065 | |
| Profit (loss) for the period before taxes | 9903 | -€46,827 | €2,181 | +€49,008 | |
| Income taxes | 67/77 | €191 | - | -€191 | |
| Profit (loss) for the period | 9904 | -€47,019 | €2,181 | +€49,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,019 | €2,181 | +€49,199 |
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.