IP-INVEST: 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-INVEST
Largest movements
- Stocks and contracts +€318,522
up €318,522 (+458%), from €69,544 to €388,065
- Receivables within one year +€9,133
up €9,133 (+1,670%), from €547 to €9,680
of which Other amounts receivable: +€9,133
- Current portion of long-term debt +€267,948
new in 2025: €267,948
- Other debts +€100,615
up €100,615 (+407%), from €24,716 to €125,330
- Profit (loss) carried forward -€44,270
down €44,270 (-84.1%), from €52,654 to €8,384
- Gross operating margin -€44,195
down €44,195, from €14,922 to -€29,273
- Financial charges +€10,532
up €10,532 (+391%), from €2,693 to €13,225
- Financial income +€561
up €561, from €0 to €561
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,595 | €417,493 | +€328,898 | +371% |
| Fixed assets | 21/28 | €2,639 | €1,128 | -€1,511 | -57.3% |
| Tangible fixed assets | 22/27 | €2,639 | €1,128 | -€1,511 | -57.3% |
| Land and buildings | 22 | €1,580 | €847 | -€733 | -46.4% |
| Furniture and vehicles | 24 | €1,059 | €281 | -€778 | -73.4% |
| Current assets | 29/58 | €85,956 | €416,365 | +€330,408 | +384% |
| Stocks and contracts in progress | 3 | €69,544 | €388,065 | +€318,522 | +458% |
| Stocks | 30/36 | €69,544 | €388,065 | +€318,522 | +458% |
| Amounts receivable within one year | 40/41 | €547 | €9,680 | +€9,133 | +1,670% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €547 | €9,680 | +€9,133 | +1,670% |
| Cash at bank and in hand | 54/58 | €15,866 | €18,620 | +€2,754 | +17.4% |
| Total equity and liabilities | 10/49 | €88,595 | €417,493 | +€328,898 | +371% |
| Equity | 10/15 | €59,923 | €15,653 | -€44,270 | -73.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,069 | €1,069 | = | 0.0% |
| Distributable reserves | 133 | €1,069 | €1,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,654 | €8,384 | -€44,270 | -84.1% |
| Amounts payable | 17/49 | €28,672 | €401,840 | +€373,167 | +1,301% |
| Amounts payable within one year | 42/48 | €26,813 | €397,173 | +€370,360 | +1,381% |
| Current portion of amounts payable after more than one year | 42 | - | €267,948 | +€267,948 | |
| Trade debts | 44 | €909 | €1,413 | +€504 | +55.5% |
| Suppliers | 440/4 | €909 | €1,413 | +€504 | +55.5% |
| Taxes, remuneration and social security | 45 | €1,188 | €2,482 | +€1,293 | +109% |
| Taxes | 450/3 | €158 | €421 | +€263 | +166% |
| Remuneration and social security | 454/9 | €1,030 | €2,061 | +€1,030 | +100% |
| Other amounts payable | 47/48 | €24,716 | €125,330 | +€100,615 | +407% |
| Accrued charges and deferred income | 492/3 | €1,859 | €4,667 | +€2,808 | +151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,646 | €1,511 | -€135 | -8.2% |
| Other operating charges | 640/8 | €609 | €822 | +€213 | +34.9% |
| Gross operating margin | 9900 | €14,922 | -€29,273 | -€44,195 | |
| Operating profit (loss) | 9901 | €12,666 | -€31,606 | -€44,272 | |
| Financial income | 75/76B | €0 | €561 | +€561 | |
| Recurring financial income | 75 | €0 | €561 | +€561 | |
| Financial charges | 65/66B | €2,693 | €13,225 | +€10,532 | +391% |
| Recurring financial charges | 65 | €2,693 | €13,225 | +€10,532 | +391% |
| Profit (loss) for the period before taxes | 9903 | €9,973 | -€44,270 | -€54,243 | |
| Profit (loss) for the period | 9904 | €9,973 | -€44,270 | -€54,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,973 | -€44,270 | -€54,243 |
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 15 October 2026 via checked.be.