IP INITIAL: 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.
What changed
IP INITIAL
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€35,091
2024 · €30,053+€5,038
Equity
€266,404
2024 · €278,264-€11,860
Cash
€22,373
2024 · €20,312+€2,060
Balance sheet total
€341,696
2024 · €328,194+€13,502
Largest movements
Assets
- Tangible fixed assets +€12,585
up €12,585 (+4.8%), from €261,386 to €273,970
of which Furniture and vehicles: +€26,246
Equity and liabilities
- Debts after one year +€14,147
new in 2025: €14,147
- Current portion of long-term debt +€11,897
new in 2025: €11,897
- Reserves -€11,860
down €11,860 (-6.4%), from €184,748 to €172,888
of which Distributable reserves: -€11,860
Income statement
- Gross operating margin +€14,808
up €14,808 (+24.0%), from €61,645 to €76,453
- Depreciation +€6,872
up €6,872 (+44.5%), from €15,435 to €22,308
- Taxes +€1,770
up €1,770 (+14.2%), from €12,453 to €14,223
- Financial charges +€1,066
up €1,066 (+75.7%), from €1,408 to €2,474
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
€30,053
Gross operating margin
+€14,808
Depreciation
-€6,872
Other operating charges
+€1
Financial income
-€63
Financial charges
-€1,066
Taxes
-€1,770
Result 2025
€35,091
raises the resultlowers the result
Derived cash bridge
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
+€59,027
Investment
-€34,892
Financing
-€22,074
Cash 2024
€20,312
From operations (derived)
+€59,027
Net result for the year
+€35,091
Depreciation
+€22,308
Receivables within one year
+€1,143
Trade debts
+€350
Tax, wage and social debts
-€412
Other debts
+€615
Accrued charges and deferred income
-€69
Investment (derived)
-€34,892
Investment in fixed assets (net)
-€34,892
Financing
-€22,074
Debts after one year
+€14,147
Current portion of long-term debt
+€11,897
Short-term financial debts
-€1,167
Contributions, distributions and other
-€46,951
Cash 2025
€22,373
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,194 | €341,696 | +€13,502 | +4.1% |
| Fixed assets | 21/28 | €286,636 | €299,220 | +€12,585 | +4.4% |
| Tangible fixed assets | 22/27 | €261,386 | €273,970 | +€12,585 | +4.8% |
| Land and buildings | 22 | €249,159 | €237,832 | -€11,328 | -4.5% |
| Plant, machinery and equipment | 23 | €11,093 | €8,759 | -€2,334 | -21.0% |
| Furniture and vehicles | 24 | €1,134 | €27,380 | +€26,246 | +2,315% |
| Financial fixed assets | 28 | €25,250 | €25,250 | = | 0.0% |
| Current assets | 29/58 | €41,558 | €42,475 | +€917 | +2.2% |
| Amounts receivable within one year | 40/41 | €21,246 | €20,103 | -€1,143 | -5.4% |
| Trade receivables | 40 | €15,246 | €14,103 | -€1,143 | -7.5% |
| Other amounts receivable | 41 | €6,000 | €6,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,312 | €22,373 | +€2,060 | +10.1% |
| Total equity and liabilities | 10/49 | €328,194 | €341,696 | +€13,502 | +4.1% |
| Equity | 10/15 | €278,264 | €266,404 | -€11,860 | -4.3% |
| Contributions | 10/11 | €37,600 | €37,600 | = | 0.0% |
| Reserves | 13 | €184,748 | €172,888 | -€11,860 | -6.4% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,500 | €68,500 | = | 0.0% |
| Distributable reserves | 133 | €111,248 | €99,388 | -€11,860 | -10.7% |
| Profit (loss) carried forward | 14 | €55,916 | €55,916 | = | 0.0% |
| Provisions and deferred taxes | 16 | €21,797 | €21,797 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,797 | €21,797 | = | 0.0% |
| Other liabilities and charges | 164/5 | €21,797 | €21,797 | = | 0.0% |
| Amounts payable | 17/49 | €28,133 | €53,495 | +€25,362 | +90.1% |
| Amounts payable after more than one year | 17 | - | €14,147 | +€14,147 | |
| Financial debts | 170/4 | - | €14,147 | +€14,147 | |
| Amounts payable within one year | 42/48 | €27,018 | €38,301 | +€11,284 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | - | €11,897 | +€11,897 | |
| Financial debts | 43 | €1,167 | - | -€1,167 | |
| Credit institutions | 430/8 | €1,167 | - | -€1,167 | |
| Trade debts | 44 | €4,085 | €4,436 | +€350 | +8.6% |
| Suppliers | 440/4 | €4,085 | €4,436 | +€350 | +8.6% |
| Taxes, remuneration and social security | 45 | €9,963 | €9,552 | -€412 | -4.1% |
| Taxes | 450/3 | €9,963 | €9,552 | -€412 | -4.1% |
| Other amounts payable | 47/48 | €11,802 | €12,417 | +€615 | +5.2% |
| Accrued charges and deferred income | 492/3 | €1,116 | €1,047 | -€69 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,435 | €22,308 | +€6,872 | +44.5% |
| Other operating charges | 640/8 | €2,383 | €2,383 | -€1 | 0.0% |
| Gross operating margin | 9900 | €61,645 | €76,453 | +€14,808 | +24.0% |
| Operating profit (loss) | 9901 | €43,826 | €51,763 | +€7,937 | +18.1% |
| Financial income | 75/76B | €89 | €26 | -€63 | -71.3% |
| Recurring financial income | 75 | €89 | €26 | -€63 | -71.3% |
| Financial charges | 65/66B | €1,408 | €2,474 | +€1,066 | +75.7% |
| Recurring financial charges | 65 | €1,408 | €2,474 | +€1,066 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €42,507 | €49,314 | +€6,808 | +16.0% |
| Income taxes | 67/77 | €12,453 | €14,223 | +€1,770 | +14.2% |
| Profit (loss) for the period | 9904 | €30,053 | €35,091 | +€5,038 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,053 | €35,091 | +€5,038 | +16.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.