iP HEAD: 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.
iP HEAD
Largest movements
- Receivables within one year -€77,685
down €77,685 (-35.3%), from €220,264 to €142,580
of which Trade receivables: -€80,124
- Tangible fixed assets +€22,548
up €22,548 (+31.3%), from €72,058 to €94,606
- Deferred charges and accrued income -€6,139
down €6,139 (-72.4%), from €8,484 to €2,346
- Reserves -€50,577
down €50,577 (-16.5%), from €307,029 to €256,451
of which Distributable reserves: -€50,577
- Tax, wage and social debts -€8,955
down €8,955 (-75.6%), from €11,851 to €2,895
of which Remuneration and social security: -€4,980
- Gross operating margin +€131,715
up €131,715 (+533.1%), from €24,706 to €156,421
- Taxes +€36,424
up €36,424 (+2943.0%), from €1,238 to €37,662
- Depreciation +€5,217
up €5,217 (+26.1%), from €19,987 to €25,205
- Financial charges -€2,566
down €2,566 (-92.5%), from €2,773 to €207
- Financial income +€2,536
up €2,536 (+662.8%), from €383 to €2,919
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 | €471,781 | €409,063 | -€62,718 | -13.3% |
| Fixed assets | 21/28 | €72,808 | €95,356 | +€22,548 | +31.0% |
| Tangible fixed assets | 22/27 | €72,058 | €94,606 | +€22,548 | +31.3% |
| Furniture and vehicles | 24 | €72,058 | €94,606 | +€22,548 | +31.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €398,973 | €313,707 | -€85,266 | -21.4% |
| Amounts receivable within one year | 40/41 | €220,264 | €142,580 | -€77,685 | -35.3% |
| Trade receivables | 40 | €220,264 | €140,141 | -€80,124 | -36.4% |
| Other amounts receivable | 41 | €0 | €2,439 | +€2,439 | |
| Cash at bank and in hand | 54/58 | €170,224 | €168,781 | -€1,443 | -0.8% |
| Deferred charges and accrued income | 490/1 | €8,484 | €2,346 | -€6,139 | -72.4% |
| Total equity and liabilities | 10/49 | €471,781 | €409,063 | -€62,718 | -13.3% |
| Equity | 10/15 | €414,749 | €364,171 | -€50,577 | -12.2% |
| Contributions | 10/11 | €107,720 | €107,720 | = | 0.0% |
| Reserves | 13 | €307,029 | €256,451 | -€50,577 | -16.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €307,029 | €256,451 | -€50,577 | -16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,032 | €44,891 | -€12,141 | -21.3% |
| Amounts payable within one year | 42/48 | €55,637 | €43,426 | -€12,210 | -21.9% |
| Trade debts | 44 | €3,132 | €3,019 | -€114 | -3.6% |
| Suppliers | 440/4 | €3,132 | €3,019 | -€114 | -3.6% |
| Taxes, remuneration and social security | 45 | €11,851 | €2,895 | -€8,955 | -75.6% |
| Taxes | 450/3 | €5,370 | €1,395 | -€3,975 | -74.0% |
| Remuneration and social security | 454/9 | €6,480 | €1,500 | -€4,980 | -76.9% |
| Other amounts payable | 47/48 | €40,654 | €37,512 | -€3,141 | -7.7% |
| Accrued charges and deferred income | 492/3 | €1,396 | €1,465 | +€69 | +4.9% |
| Non-recurring operating income | 76A | - | €9,955 | +€9,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,987 | €25,205 | +€5,217 | +26.1% |
| Other operating charges | 640/8 | €341 | €344 | +€4 | +1.1% |
| Gross operating margin | 9900 | €24,706 | €156,421 | +€131,715 | +533.1% |
| Operating profit (loss) | 9901 | €4,378 | €130,873 | +€126,494 | +2889.1% |
| Financial income | 75/76B | €383 | €2,919 | +€2,536 | +662.8% |
| Recurring financial income | 75 | €383 | €2,919 | +€2,536 | +662.8% |
| Financial charges | 65/66B | €2,773 | €207 | -€2,566 | -92.5% |
| Recurring financial charges | 65 | €2,773 | €207 | -€2,566 | -92.5% |
| Profit (loss) for the period before taxes | 9903 | €1,988 | €133,584 | +€131,596 | +6619.3% |
| Income taxes | 67/77 | €1,238 | €37,662 | +€36,424 | +2943.0% |
| Profit (loss) for the period | 9904 | €750 | €95,923 | +€95,172 | +12682.7% |
| Profit (loss) for the period to be appropriated | 9905 | €750 | €95,923 | +€95,172 | +12682.7% |
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 29 September 2026 via checked.be.