IP GROUPE: 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 GROUPE
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€590,255
2024 · €577,447+€12,807
Equity
€3.1m
2024 · €2.5m+€590,255
Cash
€54,059
2024 · €20,508+€33,551
Balance sheet total
€4.6m
2024 · €4.5m+€74,247
Largest movements
Assets
- Tangible fixed assets +€73,038
new in 2025: €73,038
of which Leasing and similar rights: +€69,319
Equity and liabilities
- Profit (loss) carried forward +€560,742
up €560,742 (+55.7%), from €1.0m to €1.6m
- Debts after one year -€369,446
down €369,446 (-26.6%), from €1.4m to €1.0m
- Short-term financial debts -€76,674
down €76,674 (-100.0%), from €76,674 to €0
- Other debts -€49,487
down €49,487 (-99.2%), from €49,899 to €412
Income statement
- Gross operating margin +€31,513
up €31,513 (+8.9%), from €353,689 to €385,203
- Financial charges +€13,769
up €13,769 (+32.8%), from €41,962 to €55,731
- Depreciation +€7,461
new in 2025: €7,461
- Other operating charges +€4,839
up €4,839 (+201.6%), from €2,400 to €7,239
- Financial income +€4,824
up €4,824 (+1.4%), from €350,603 to €355,426
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
€577,447
Gross operating margin
+€31,513
Depreciation
-€7,461
Other operating charges
-€4,839
Financial income
+€4,824
Financial charges
-€13,769
Taxes
+€2,539
Result 2025
€590,255
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
+€536,629
Investment
-€80,499
Financing
-€422,579
Cash 2024
€20,508
From operations (derived)
+€536,629
Net result for the year
+€590,255
Depreciation
+€7,461
Receivables within one year
+€35,028
Deferred charges and accrued income
-€2,685
Trade debts
-€44,829
Tax, wage and social debts
+€1,634
Other debts
-€49,487
Accrued charges and deferred income
-€748
Investment (derived)
-€80,499
Investment in fixed assets (net)
-€80,499
Financing
-€422,579
Debts after one year
-€369,446
Current portion of long-term debt
+€23,542
Short-term financial debts
-€76,674
Cash 2025
€54,059
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,502,610 | €4,576,857 | +€74,247 | +1.6% |
| Fixed assets | 21/28 | €4,101,500 | €4,174,538 | +€73,038 | +1.8% |
| Tangible fixed assets | 22/27 | - | €73,038 | +€73,038 | |
| Leasing and similar rights | 25 | - | €69,319 | +€69,319 | |
| Other tangible fixed assets | 26 | - | €3,719 | +€3,719 | |
| Financial fixed assets | 28 | €4,101,500 | €4,101,500 | = | 0.0% |
| Current assets | 29/58 | €401,110 | €402,318 | +€1,208 | +0.3% |
| Amounts receivable within one year | 40/41 | €380,603 | €345,575 | -€35,028 | -9.2% |
| Trade receivables | 40 | €0 | €10,980 | +€10,980 | |
| Other amounts receivable | 41 | €380,603 | €334,595 | -€46,008 | -12.1% |
| Cash at bank and in hand | 54/58 | €20,508 | €54,059 | +€33,551 | +163.6% |
| Deferred charges and accrued income | 490/1 | - | €2,685 | +€2,685 | |
| Total equity and liabilities | 10/49 | €4,502,610 | €4,576,857 | +€74,247 | +1.6% |
| Equity | 10/15 | €2,498,844 | €3,089,099 | +€590,255 | +23.6% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €242,121 | €271,634 | +€29,513 | +12.2% |
| Non-distributable reserves | 130/1 | €42,121 | €71,634 | +€29,513 | +70.1% |
| Legal reserve | 130 | €42,121 | €71,634 | +€29,513 | +70.1% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,006,723 | €1,567,465 | +€560,742 | +55.7% |
| Amounts payable | 17/49 | €2,003,766 | €1,487,758 | -€516,008 | -25.8% |
| Amounts payable after more than one year | 17 | €1,389,575 | €1,020,128 | -€369,446 | -26.6% |
| Financial debts | 170/4 | €1,389,575 | €1,020,128 | -€369,446 | -26.6% |
| Amounts payable within one year | 42/48 | €613,192 | €467,378 | -€145,814 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €415,670 | €439,213 | +€23,542 | +5.7% |
| Financial debts | 43 | €76,674 | €0 | -€76,674 | -100.0% |
| Credit institutions | 430/8 | €76,674 | €0 | -€76,674 | -100.0% |
| Trade debts | 44 | €48,078 | €3,249 | -€44,829 | -93.2% |
| Suppliers | 440/4 | €48,078 | €3,249 | -€44,829 | -93.2% |
| Taxes, remuneration and social security | 45 | €22,870 | €24,504 | +€1,634 | +7.1% |
| Taxes | 450/3 | €22,870 | €22,910 | +€41 | +0.2% |
| Remuneration and social security | 454/9 | - | €1,594 | +€1,594 | |
| Other amounts payable | 47/48 | €49,899 | €412 | -€49,487 | -99.2% |
| Accrued charges and deferred income | 492/3 | €1,000 | €252 | -€748 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,461 | +€7,461 | |
| Other operating charges | 640/8 | €2,400 | €7,239 | +€4,839 | +201.6% |
| Gross operating margin | 9900 | €353,689 | €385,203 | +€31,513 | +8.9% |
| Operating profit (loss) | 9901 | €351,290 | €370,503 | +€19,214 | +5.5% |
| Financial income | 75/76B | €350,603 | €355,426 | +€4,824 | +1.4% |
| Recurring financial income | 75 | €350,603 | €355,426 | +€4,824 | +1.4% |
| Financial charges | 65/66B | €41,962 | €55,731 | +€13,769 | +32.8% |
| Recurring financial charges | 65 | €41,962 | €55,731 | +€13,769 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €659,930 | €670,198 | +€10,269 | +1.6% |
| Income taxes | 67/77 | €82,482 | €79,944 | -€2,539 | -3.1% |
| Profit (loss) for the period | 9904 | €577,447 | €590,255 | +€12,807 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €577,447 | €590,255 | +€12,807 | +2.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.