IPC SERVICES: 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.
IPC SERVICES
Largest movements
- Stocks and contracts +€322,383
up €322,383 (+136%), from €237,721 to €560,104
of which Contracts in progress: +€287,693
- Receivables within one year +€99,849
up €99,849 (+5.2%), from €1.9m to €2.0m
of which Other amounts receivable: +€600,419
- Cash +€28,608
up €28,608 (+64.9%), from €44,099 to €72,707
mainly Net result for the year (+€712,468) and Tax, wage and social debts (+€262,564)
- Profit (loss) carried forward +€712,468
up €712,468 (+81.8%), from €871,470 to €1.6m
- Trade debts -€423,036
down €423,036 (-35.2%), from €1.2m to €779,606
- Tax, wage and social debts +€262,564
up €262,564 (+596%), from €44,057 to €306,621
of which Taxes: +€256,641
- Other debts -€106,890
no longer reported in 2025 (was €106,890)
- Gross operating margin +€1.2m
up €1.2m (+208%), from €564,315 to €1.7m
- Taxes +€248,565
up €248,565 (+4,925%), from €5,047 to €253,612
- Staff costs +€142,684
up €142,684 (+28.1%), from €508,490 to €651,174
- Financial income -€43,866
down €43,866 (-95.6%), from €45,899 to €2,032
of which Non-recurring financial income: -€43,337
- Other operating charges +€19,270
up €19,270 (+476%), from €4,045 to €23,315
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 | €2,342,170 | €2,783,178 | +€441,008 | +18.8% |
| Fixed assets | 21/28 | €113,935 | €115,944 | +€2,009 | +1.8% |
| Tangible fixed assets | 22/27 | €113,935 | €115,944 | +€2,009 | +1.8% |
| Plant, machinery and equipment | 23 | €15,306 | €44,390 | +€29,084 | +190% |
| Furniture and vehicles | 24 | €63,388 | €43,405 | -€19,984 | -31.5% |
| Leasing and similar rights | 25 | €15,805 | €11,532 | -€4,273 | -27.0% |
| Other tangible fixed assets | 26 | €19,436 | €16,617 | -€2,819 | -14.5% |
| Current assets | 29/58 | €2,228,235 | €2,667,235 | +€439,000 | +19.7% |
| Stocks and contracts in progress | 3 | €237,721 | €560,104 | +€322,383 | +136% |
| Stocks | 30/36 | €42,489 | €77,179 | +€34,690 | +81.6% |
| Contracts in progress | 37 | €195,232 | €482,925 | +€287,693 | +147% |
| Amounts receivable within one year | 40/41 | €1,932,135 | €2,031,985 | +€99,849 | +5.2% |
| Trade receivables | 40 | €1,822,448 | €1,321,879 | -€500,569 | -27.5% |
| Other amounts receivable | 41 | €109,687 | €710,106 | +€600,419 | +547% |
| Cash at bank and in hand | 54/58 | €44,099 | €72,707 | +€28,608 | +64.9% |
| Deferred charges and accrued income | 490/1 | €14,280 | €2,438 | -€11,841 | -82.9% |
| Total equity and liabilities | 10/49 | €2,342,170 | €2,783,178 | +€441,008 | +18.8% |
| Equity | 10/15 | €891,470 | €1,603,938 | +€712,468 | +79.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €871,470 | €1,583,938 | +€712,468 | +81.8% |
| Amounts payable | 17/49 | €1,450,700 | €1,179,240 | -€271,460 | -18.7% |
| Amounts payable after more than one year | 17 | €76,616 | €72,291 | -€4,325 | -5.6% |
| Financial debts | 170/4 | €76,616 | €72,291 | -€4,325 | -5.6% |
| Amounts payable within one year | 42/48 | €1,357,737 | €1,090,552 | -€267,185 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €4,149 | €4,325 | +€176 | +4.2% |
| Trade debts | 44 | €1,202,641 | €779,606 | -€423,036 | -35.2% |
| Suppliers | 440/4 | €1,202,641 | €779,606 | -€423,036 | -35.2% |
| Taxes, remuneration and social security | 45 | €44,057 | €306,621 | +€262,564 | +596% |
| Taxes | 450/3 | €5,890 | €262,531 | +€256,641 | +4,357% |
| Remuneration and social security | 454/9 | €38,167 | €44,090 | +€5,924 | +15.5% |
| Other amounts payable | 47/48 | €106,890 | - | -€106,890 | |
| Accrued charges and deferred income | 492/3 | €16,346 | €16,397 | +€51 | +0.3% |
| Remuneration, social security and pensions | 62 | €508,490 | €651,174 | +€142,684 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,753 | €48,476 | +€3,722 | +8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,285 | €42,420 | +€5,135 | +13.8% |
| Other operating charges | 640/8 | €4,045 | €23,315 | +€19,270 | +476% |
| Non-recurring operating charges | 66A | €43,510 | €5,960 | -€37,550 | -86.3% |
| Gross operating margin | 9900 | €564,315 | €1,739,604 | +€1.2m | +208% |
| Operating profit (loss) | 9901 | -€73,769 | €968,259 | +€1.0m | |
| Financial income | 75/76B | €45,899 | €2,032 | -€43,866 | -95.6% |
| Recurring financial income | 75 | €2,562 | €2,032 | -€530 | -20.7% |
| Non-recurring financial income | 76B | €43,337 | - | -€43,337 | |
| Financial charges | 65/66B | €6,773 | €4,211 | -€2,561 | -37.8% |
| Recurring financial charges | 65 | €6,773 | €4,211 | -€2,561 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,643 | €966,080 | +€1.0m | |
| Income taxes | 67/77 | €5,047 | €253,612 | +€248,565 | +4,925% |
| Profit (loss) for the period | 9904 | -€39,690 | €712,468 | +€752,158 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,690 | €712,468 | +€752,158 |
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 14 October 2026 via checked.be.