IPANI: 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.
IPANI
Largest movements
- Tangible fixed assets -€17,203
no longer reported in 2025 (was €17,203)
of which Furniture and vehicles: -€16,385
- Stocks and contracts -€2,869
no longer reported in 2025 (was €2,869)
- Deferred charges and accrued income -€1,241
down €1,241 (-92.4%), from €1,343 to €102
- Cash +€764
up €764 (+4.9%), from €15,647 to €16,411
mainly Investment in fixed assets (net) (+€11,657) and Net result for the year (+€9,358)
- Receivables within one year -€492
down €492 (-55.8%), from €882 to €389
of which Trade receivables: -€882
- Other debts -€27,605
down €27,605 (-89.8%), from €30,741 to €3,136
- Profit (loss) carried forward +€10,787
up €10,787 (+47.2%), from -€22,861 to -€12,074
- Tax, wage and social debts -€2,084
down €2,084 (-78.2%), from €2,667 to €583
of which Remuneration and social security: -€2,451
- Reserves -€1,429
down €1,429 (-76.5%), from €1,867 to €438
of which Distributable reserves: -€1,429
- Trade debts -€711
down €711 (-10.3%), from €6,931 to €6,220
- Staff costs -€7,038
down €7,038 (-59.6%), from €11,813 to €4,775
- Depreciation -€2,525
down €2,525 (-31.3%), from €8,070 to €5,546
- Other operating charges -€1,350
down €1,350 (-57.6%), from €2,344 to €994
- Gross operating margin +€757
up €757 (+3.8%), from €20,174 to €20,931
- Financial charges -€290
down €290 (-66.2%), from €437 to €148
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,944 | €16,902 | -€21,043 | -55.5% |
| Fixed assets | 21/28 | €17,203 | - | -€17,203 | |
| Tangible fixed assets | 22/27 | €17,203 | - | -€17,203 | |
| Plant, machinery and equipment | 23 | €793 | - | -€793 | |
| Furniture and vehicles | 24 | €16,385 | - | -€16,385 | |
| Other tangible fixed assets | 26 | €25 | - | -€25 | |
| Current assets | 29/58 | €20,741 | €16,902 | -€3,840 | -18.5% |
| Stocks and contracts in progress | 3 | €2,869 | - | -€2,869 | |
| Stocks | 30/36 | €2,869 | - | -€2,869 | |
| Amounts receivable within one year | 40/41 | €882 | €389 | -€492 | -55.8% |
| Trade receivables | 40 | €882 | - | -€882 | |
| Other amounts receivable | 41 | - | €389 | +€389 | |
| Cash at bank and in hand | 54/58 | €15,647 | €16,411 | +€764 | +4.9% |
| Deferred charges and accrued income | 490/1 | €1,343 | €102 | -€1,241 | -92.4% |
| Total equity and liabilities | 10/49 | €37,944 | €16,902 | -€21,043 | -55.5% |
| Equity | 10/15 | -€2,394 | €6,964 | +€9,358 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,867 | €438 | -€1,429 | -76.5% |
| Non-distributable reserves | 130/1 | €438 | €438 | = | 0.0% |
| Reserves not available under the articles | 1311 | €438 | €438 | = | 0.0% |
| Distributable reserves | 133 | €1,429 | - | -€1,429 | |
| Profit (loss) carried forward | 14 | -€22,861 | -€12,074 | +€10,787 | +47.2% |
| Amounts payable | 17/49 | €40,338 | €9,938 | -€30,401 | -75.4% |
| Amounts payable within one year | 42/48 | €40,338 | €9,938 | -€30,401 | -75.4% |
| Trade debts | 44 | €6,931 | €6,220 | -€711 | -10.3% |
| Suppliers | 440/4 | €6,931 | €6,220 | -€711 | -10.3% |
| Taxes, remuneration and social security | 45 | €2,667 | €583 | -€2,084 | -78.2% |
| Taxes | 450/3 | €216 | €583 | +€367 | +170.2% |
| Remuneration and social security | 454/9 | €2,451 | - | -€2,451 | |
| Other amounts payable | 47/48 | €30,741 | €3,136 | -€27,605 | -89.8% |
| Remuneration, social security and pensions | 62 | €11,813 | €4,775 | -€7,038 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,070 | €5,546 | -€2,525 | -31.3% |
| Other operating charges | 640/8 | €2,344 | €994 | -€1,350 | -57.6% |
| Gross operating margin | 9900 | €20,174 | €20,931 | +€757 | +3.8% |
| Operating profit (loss) | 9901 | -€2,054 | €9,617 | +€11,670 | |
| Financial income | 75/76B | €104 | - | -€104 | |
| Recurring financial income | 75 | €104 | - | -€104 | |
| Financial charges | 65/66B | €437 | €148 | -€290 | -66.2% |
| Recurring financial charges | 65 | €437 | €148 | -€290 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,387 | €9,469 | +€11,856 | |
| Income taxes | 67/77 | €257 | €111 | -€146 | -56.9% |
| Profit (loss) for the period | 9904 | -€2,643 | €9,358 | +€12,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,643 | €9,358 | +€12,002 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.