IPA Energies: 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.
IPA Energies
Largest movements
- Receivables within one year +€12,641
up €12,641 (+41.7%), from €30,346 to €42,987
of which Trade receivables: +€11,844
- Cash +€5,497
up €5,497 (+30.3%), from €18,159 to €23,656
mainly Advances received (+€18,062) and Trade debts (+€11,828)
- Tangible fixed assets -€1,848
down €1,848 (-33.3%), from €5,548 to €3,700
of which Furniture and vehicles: -€1,528
- Stocks and contracts -€1,762
no longer reported in 2025 (was €1,762)
- Advances received +€18,062
up €18,062 (+181%), from €10,000 to €28,062
- Profit (loss) carried forward -€13,499
down €13,499 (-53.8%), from €25,081 to €11,582
- Trade debts +€11,828
up €11,828 (+419%), from €2,825 to €14,653
- Tax, wage and social debts -€5,483
down €5,483 (-86.8%), from €6,315 to €832
- Other debts +€3,830
up €3,830 (+59.0%), from €6,495 to €10,325
- Gross operating margin -€23,654
down €23,654, from €13,583 to -€10,071
- Financial charges -€3,107
down €3,107 (-94.7%), from €3,281 to €174
of which Non-recurring financial charges: -€3,232
- Taxes -€592
down €592 (-83.2%), from €712 to €120
- Other operating charges -€372
down €372 (-43.4%), from €857 to €485
- Depreciation +€358
up €358 (+15.6%), from €2,291 to €2,650
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 | €55,926 | €70,455 | +€14,528 | +26.0% |
| Fixed assets | 21/28 | €5,660 | €3,812 | -€1,848 | -32.7% |
| Tangible fixed assets | 22/27 | €5,548 | €3,700 | -€1,848 | -33.3% |
| Plant, machinery and equipment | 23 | €760 | €439 | -€320 | -42.2% |
| Furniture and vehicles | 24 | €4,789 | €3,261 | -€1,528 | -31.9% |
| Financial fixed assets | 28 | €111 | €111 | = | 0.0% |
| Current assets | 29/58 | €50,267 | €66,643 | +€16,376 | +32.6% |
| Stocks and contracts in progress | 3 | €1,762 | - | -€1,762 | |
| Stocks | 30/36 | €1,762 | - | -€1,762 | |
| Amounts receivable within one year | 40/41 | €30,346 | €42,987 | +€12,641 | +41.7% |
| Trade receivables | 40 | €28,852 | €40,696 | +€11,844 | +41.0% |
| Other amounts receivable | 41 | €1,494 | €2,291 | +€798 | +53.4% |
| Cash at bank and in hand | 54/58 | €18,159 | €23,656 | +€5,497 | +30.3% |
| Total equity and liabilities | 10/49 | €55,926 | €70,455 | +€14,528 | +26.0% |
| Equity | 10/15 | €30,081 | €16,582 | -€13,499 | -44.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,081 | €11,582 | -€13,499 | -53.8% |
| Amounts payable | 17/49 | €25,846 | €53,873 | +€28,027 | +108% |
| Amounts payable within one year | 42/48 | €25,636 | €53,873 | +€28,237 | +110% |
| Trade debts | 44 | €2,825 | €14,653 | +€11,828 | +419% |
| Suppliers | 440/4 | €2,825 | €14,653 | +€11,828 | +419% |
| Advances received on contracts in progress | 46 | €10,000 | €28,062 | +€18,062 | +181% |
| Taxes, remuneration and social security | 45 | €6,315 | €832 | -€5,483 | -86.8% |
| Taxes | 450/3 | €6,315 | €832 | -€5,483 | -86.8% |
| Other amounts payable | 47/48 | €6,495 | €10,325 | +€3,830 | +59.0% |
| Accrued charges and deferred income | 492/3 | €210 | - | -€210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,291 | €2,650 | +€358 | +15.6% |
| Other operating charges | 640/8 | €857 | €485 | -€372 | -43.4% |
| Non-recurring operating charges | 66A | €3,751 | - | -€3,751 | |
| Gross operating margin | 9900 | €13,583 | -€10,071 | -€23,654 | |
| Operating profit (loss) | 9901 | €6,684 | -€13,205 | -€19,889 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.6% |
| Financial charges | 65/66B | €3,281 | €174 | -€3,107 | -94.7% |
| Recurring financial charges | 65 | €49 | €174 | +€125 | +256% |
| Non-recurring financial charges | 66B | €3,232 | - | -€3,232 | |
| Profit (loss) for the period before taxes | 9903 | €3,403 | -€13,379 | -€16,782 | |
| Income taxes | 67/77 | €712 | €120 | -€592 | -83.2% |
| Profit (loss) for the period | 9904 | €2,691 | -€13,499 | -€16,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,691 | -€13,499 | -€16,190 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.