IP Security Distribution: 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 Security Distribution
Largest movements
- Receivables within one year +€25,258
up €25,258 (+15.3%), from €165,436 to €190,693
of which Trade receivables: +€25,250
- Cash +€16,510
up €16,510 (+8.6%), from €190,960 to €207,470
mainly Other debts (+€89,650) and Tax, wage and social debts (+€34,231)
- Other debts +€89,650
up €89,650 (+25624.6%), from €350 to €90,000
- Reserves -€77,381
down €77,381 (-90.8%), from €85,185 to €7,804
of which Distributable reserves: -€78,012
- Tax, wage and social debts +€34,231
up €34,231 (+30.7%), from €111,661 to €145,892
of which Remuneration and social security: +€26,320
- Trade debts -€6,205
down €6,205 (-10.5%), from €59,200 to €52,996
- Staff costs +€154,081
up €154,081 (+19.1%), from €808,351 to €962,432
- Turnover +€145,000
up €145,000 (+17.0%), from €855,000 to €1.0m
- Write-downs -€22,402
no longer reported in 2024 (was €22,402)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,396 | €398,164 | +€41,768 | +11.7% |
| Current assets | 29/58 | €356,396 | €398,164 | +€41,768 | +11.7% |
| Amounts receivable within one year | 40/41 | €165,436 | €190,693 | +€25,258 | +15.3% |
| Trade receivables | 40 | €164,150 | €189,400 | +€25,250 | +15.4% |
| Other amounts receivable | 41 | €1,286 | €1,293 | +€8 | +0.6% |
| Cash at bank and in hand | 54/58 | €190,960 | €207,470 | +€16,510 | +8.6% |
| Total equity and liabilities | 10/49 | €356,396 | €398,164 | +€41,768 | +11.7% |
| Equity | 10/15 | €185,185 | €107,804 | -€77,381 | -41.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €85,185 | €7,804 | -€77,381 | -90.8% |
| Non-distributable reserves | 130/1 | €4,753 | €5,384 | +€631 | +13.3% |
| Legal reserve | 130 | €4,753 | €5,384 | +€631 | +13.3% |
| Distributable reserves | 133 | €80,432 | €2,420 | -€78,012 | -97.0% |
| Amounts payable | 17/49 | €171,211 | €290,360 | +€119,149 | +69.6% |
| Amounts payable within one year | 42/48 | €171,211 | €288,888 | +€117,676 | +68.7% |
| Trade debts | 44 | €59,200 | €52,996 | -€6,205 | -10.5% |
| Suppliers | 440/4 | €59,200 | €52,996 | -€6,205 | -10.5% |
| Taxes, remuneration and social security | 45 | €111,661 | €145,892 | +€34,231 | +30.7% |
| Taxes | 450/3 | €23,920 | €31,831 | +€7,910 | +33.1% |
| Remuneration and social security | 454/9 | €87,741 | €114,061 | +€26,320 | +30.0% |
| Other amounts payable | 47/48 | €350 | €90,000 | +€89,650 | +25624.6% |
| Accrued charges and deferred income | 492/3 | - | €1,472 | +€1,472 | |
| Operating income | 70/76A | €871,578 | €1,014,635 | +€143,057 | +16.4% |
| Turnover | 70 | €855,000 | €1,000,000 | +€145,000 | +17.0% |
| Other operating income | 74 | €15,752 | €14,635 | -€1,117 | -7.1% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Operating charges | 60/66A | €860,662 | €990,802 | +€130,140 | +15.1% |
| Services and other goods | 61 | €28,832 | €27,688 | -€1,144 | -4.0% |
| Remuneration, social security and pensions | 62 | €808,351 | €962,432 | +€154,081 | +19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,402 | - | -€22,402 | |
| Other operating charges | 640/8 | €1,078 | €682 | -€395 | -36.7% |
| Operating profit (loss) | 9901 | €10,916 | €23,833 | +€12,917 | +118.3% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Other financial income | 752/9 | - | €39 | +€39 | |
| Financial charges | 65/66B | €1,407 | €1,207 | -€200 | -14.2% |
| Recurring financial charges | 65 | €1,407 | €1,207 | -€200 | -14.2% |
| Other financial charges | 652/9 | €1,407 | €1,207 | -€200 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €9,509 | €22,665 | +€13,156 | +138.3% |
| Income taxes | 67/77 | €6,236 | €10,046 | +€3,810 | +61.1% |
| Taxes | 670/3 | €6,236 | €10,046 | +€3,810 | +61.1% |
| Profit (loss) for the period | 9904 | €3,273 | €12,619 | +€9,346 | +285.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,273 | €12,619 | +€9,346 | +285.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.