IP Trade: 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 Trade
NACE 62.100, Computer programming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €2.3m-€108,227
Equity
€12.3m
2024 · €28.1m-€15.8m
Cash
€250,893
2024 · €482,940-€232,047
Balance sheet total
€14.9m
2024 · €30.3m-€15.5m
Largest movements
Assets
- Current investments -€15.2m
down €15.2m (-59.5%), from €25.6m to €10.4m
- Receivables within one year +€590,283
up €590,283 (+92.8%), from €636,217 to €1.2m
of which Trade receivables: +€714,280
- Intangible fixed assets -€442,723
down €442,723 (-14.0%), from €3.2m to €2.7m
Equity and liabilities
- Profit (loss) carried forward -€15.8m
down €15.8m (-84.5%), from €18.7m to €2.9m
- Tax, wage and social debts +€396,159
up €396,159 (+80.3%), from €493,223 to €889,382
of which Remuneration and social security: +€237,627
Income statement
- Turnover -€550,369
down €550,369 (-9.0%), from €6.1m to €5.5m
- Staff costs +€455,363
up €455,363 (+20.9%), from €2.2m to €2.6m
- Depreciation -€316,979
down €316,979 (-14.9%), from €2.1m to €1.8m
- Taxes -€189,618
down €189,618 (-269.6%), from -€70,324 to -€259,942
- Services and other goods -€130,483
down €130,483 (-17.0%), from €766,682 to €636,199
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
€2.3m
Turnover
-€550,369
Goods and materials
+€86,487
Services and other goods
+€130,483
Staff costs
-€455,363
Depreciation
+€316,979
Write-downs
+€9
Provisions
+€24,411
Other operating charges
-€1
Other operating items
+€53,424
Financial income
+€64,998
Financial charges
+€31,097
Taxes
+€189,618
Result 2025
€2.2m
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
+€3.9m
Investment
+€13.9m
Financing
-€18.0m
Cash 2024
€482,940
From operations (derived)
+€3.9m
Net result for the year
+€2.2m
Depreciation
+€1.8m
Smaller working-capital items
-€50,675
Receivables within one year
-€590,283
Deferred charges and accrued income
+€155,471
Tax, wage and social debts
+€396,159
Investment (derived)
+€13.9m
Investment in fixed assets (net)
-€1.4m
Current investments
+€15.2m
Financing
-€18.0m
Contributions, distributions and other
-€18.0m
Cash 2025
€250,893
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,334,913 | €14,874,549 | -€15.5m | -51.0% |
| Fixed assets | 21/28 | €3,395,152 | €2,964,102 | -€431,050 | -12.7% |
| Intangible fixed assets | 21 | €3,153,820 | €2,711,097 | -€442,723 | -14.0% |
| Tangible fixed assets | 22/27 | €241,332 | €253,005 | +€11,673 | +4.8% |
| Land and buildings | 22 | €156,818 | €131,346 | -€25,472 | -16.2% |
| Furniture and vehicles | 24 | €84,514 | €91,734 | +€7,221 | +8.5% |
| Assets under construction and advance payments | 27 | €0 | €29,925 | +€29,925 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Current assets | 29/58 | €26,939,762 | €11,910,448 | -€15.0m | -55.8% |
| Stocks and contracts in progress | 3 | €1,493 | €6,013 | +€4,520 | +302.8% |
| Stocks | 30/36 | €1,493 | €6,013 | +€4,520 | +302.8% |
| Goods purchased for resale | 34 | €1,493 | €6,013 | +€4,520 | +302.8% |
| Amounts receivable within one year | 40/41 | €636,217 | €1,226,500 | +€590,283 | +92.8% |
| Trade receivables | 40 | €212,146 | €926,426 | +€714,280 | +336.7% |
| Other amounts receivable | 41 | €424,071 | €300,074 | -€123,997 | -29.2% |
| Current investments | 50/53 | €25,607,689 | €10,371,090 | -€15.2m | -59.5% |
| Other investments | 51/53 | €25,607,689 | €10,371,090 | -€15.2m | -59.5% |
| Cash at bank and in hand | 54/58 | €482,940 | €250,893 | -€232,047 | -48.0% |
| Deferred charges and accrued income | 490/1 | €211,422 | €55,951 | -€155,471 | -73.5% |
| Total equity and liabilities | 10/49 | €30,334,913 | €14,874,549 | -€15.5m | -51.0% |
| Equity | 10/15 | €28,078,635 | €12,268,266 | -€15.8m | -56.3% |
| Contributions | 10/11 | €4,382,278 | €4,382,278 | = | 0.0% |
| Capital | 10 | €4,382,278 | €4,382,278 | = | 0.0% |
| Issued capital | 100 | €4,382,278 | €4,382,278 | = | 0.0% |
| Reserves | 13 | €4,982,416 | €4,982,416 | = | 0.0% |
| Non-distributable reserves | 130/1 | €868,493 | €868,493 | = | 0.0% |
| Legal reserve | 130 | €868,493 | €868,493 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,113,923 | €4,113,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,713,940 | €2,903,572 | -€15.8m | -84.5% |
| Provisions and deferred taxes | 16 | €20,343 | €0 | -€20,343 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €20,343 | €0 | -€20,343 | -100.0% |
| Other liabilities and charges | 164/5 | €20,343 | €0 | -€20,343 | -100.0% |
| Amounts payable | 17/49 | €2,235,936 | €2,606,283 | +€370,347 | +16.6% |
| Amounts payable within one year | 42/48 | €831,768 | €1,185,367 | +€353,599 | +42.5% |
| Trade debts | 44 | €338,545 | €295,985 | -€42,560 | -12.6% |
| Suppliers | 440/4 | €338,545 | €295,985 | -€42,560 | -12.6% |
| Taxes, remuneration and social security | 45 | €493,223 | €889,382 | +€396,159 | +80.3% |
| Taxes | 450/3 | €0 | €158,532 | +€158,532 | |
| Remuneration and social security | 454/9 | €493,223 | €730,849 | +€237,627 | +48.2% |
| Accrued charges and deferred income | 492/3 | €1,404,168 | €1,420,917 | +€16,749 | +1.2% |
| Operating income | 70/76A | €7,358,683 | €6,861,738 | -€496,946 | -6.8% |
| Turnover | 70 | €6,096,170 | €5,545,801 | -€550,369 | -9.0% |
| Own construction capitalised | 72 | €1,262,513 | €1,315,937 | +€53,424 | +4.2% |
| Operating charges | 60/66A | €5,982,568 | €5,879,563 | -€103,006 | -1.7% |
| Goods for resale, raw materials and consumables | 60 | €903,454 | €816,968 | -€86,487 | -9.6% |
| Purchases | 600/8 | €858,180 | €821,488 | -€36,692 | -4.3% |
| Change in stocks: decrease (increase) | 609 | €45,274 | -€4,520 | -€49,794 | |
| Services and other goods | 61 | €766,682 | €636,199 | -€130,483 | -17.0% |
| Remuneration, social security and pensions | 62 | €2,182,924 | €2,638,287 | +€455,363 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,125,241 | €1,808,262 | -€316,979 | -14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3 | -€12 | -€9 | -351.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,069 | -€20,343 | -€24,411 | |
| Other operating charges | 640/8 | €201 | €201 | +€1 | +0.3% |
| Operating profit (loss) | 9901 | €1,376,115 | €982,175 | -€393,940 | -28.6% |
| Financial income | 75/76B | €891,269 | €956,267 | +€64,998 | +7.3% |
| Recurring financial income | 75 | €891,269 | €956,267 | +€64,998 | +7.3% |
| Income from financial fixed assets | 750 | €884,860 | €956,212 | +€71,352 | +8.1% |
| Other financial income | 752/9 | €6,409 | €54 | -€6,354 | -99.2% |
| Financial charges | 65/66B | €39,849 | €8,752 | -€31,097 | -78.0% |
| Recurring financial charges | 65 | €18,263 | €8,752 | -€9,511 | -52.1% |
| Debt charges | 650 | - | €8,752 | +€8,752 | |
| Other financial charges | 652/9 | €18,263 | - | -€18,263 | |
| Non-recurring financial charges | 66B | €21,586 | - | -€21,586 | |
| Profit (loss) for the period before taxes | 9903 | €2,227,535 | €1,929,690 | -€297,845 | -13.4% |
| Income taxes | 67/77 | -€70,324 | -€259,942 | -€189,618 | -269.6% |
| Taxes | 670/3 | €13,687 | - | -€13,687 | |
| Tax adjustments and reversals of tax provisions | 77 | €84,011 | €259,942 | +€175,931 | +209.4% |
| Profit (loss) for the period | 9904 | €2,297,858 | €2,189,631 | -€108,227 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,297,858 | €2,189,631 | -€108,227 | -4.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.