IPC WOOD: 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 WOOD
Largest movements
- Receivables within one year +€51,173
up €51,173 (+532%), from €9,622 to €60,795
of which Trade receivables: +€53,215
- Tangible fixed assets +€19,738
new in 2025: €19,738
of which Furniture and vehicles: +€15,824
- Reserves +€23,930
new in 2025: €23,930
- Trade debts +€16,138
up €16,138 (+208%), from €7,743 to €23,880
- Advances received +€14,351
new in 2025: €14,351
- Short-term financial debts +€10,398
new in 2025: €10,398
- Tax, wage and social debts +€10,225
up €10,225 (+355%), from €2,878 to €13,103
- Gross operating margin +€24,863
up €24,863 (+178%), from €13,952 to €38,815
- Taxes +€6,747
up €6,747 (+234%), from €2,878 to €9,625
- Depreciation +€4,322
new in 2025: €4,322
- Other operating charges +€500
new in 2025: €500
- Financial charges +€416
up €416 (+1,849%), from €23 to €439
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 | €23,880 | €96,814 | +€72,933 | +305% |
| Fixed assets | 21/28 | - | €20,688 | +€20,688 | |
| Tangible fixed assets | 22/27 | - | €19,738 | +€19,738 | |
| Plant, machinery and equipment | 23 | - | €3,914 | +€3,914 | |
| Furniture and vehicles | 24 | - | €15,824 | +€15,824 | |
| Financial fixed assets | 28 | - | €950 | +€950 | |
| Current assets | 29/58 | €23,880 | €76,126 | +€52,246 | +219% |
| Amounts receivable within one year | 40/41 | €9,622 | €60,795 | +€51,173 | +532% |
| Trade receivables | 40 | €6,961 | €60,176 | +€53,215 | +764% |
| Other amounts receivable | 41 | €2,660 | €619 | -€2,042 | -76.8% |
| Cash at bank and in hand | 54/58 | €14,258 | €15,057 | +€799 | +5.6% |
| Deferred charges and accrued income | 490/1 | - | €274 | +€274 | |
| Total equity and liabilities | 10/49 | €23,880 | €96,814 | +€72,933 | +305% |
| Equity | 10/15 | €11,152 | €35,082 | +€23,930 | +215% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | - | €23,930 | +€23,930 | |
| Distributable reserves | 133 | - | €23,930 | +€23,930 | |
| Profit (loss) carried forward | 14 | €11,052 | €11,052 | = | 0.0% |
| Amounts payable | 17/49 | €12,728 | €61,732 | +€49,003 | +385% |
| Amounts payable within one year | 42/48 | €12,728 | €61,732 | +€49,003 | +385% |
| Financial debts | 43 | - | €10,398 | +€10,398 | |
| Credit institutions | 430/8 | - | €10,398 | +€10,398 | |
| Trade debts | 44 | €7,743 | €23,880 | +€16,138 | +208% |
| Suppliers | 440/4 | €7,743 | €23,880 | +€16,138 | +208% |
| Advances received on contracts in progress | 46 | - | €14,351 | +€14,351 | |
| Taxes, remuneration and social security | 45 | €2,878 | €13,103 | +€10,225 | +355% |
| Taxes | 450/3 | €2,878 | €13,103 | +€10,225 | +355% |
| Other amounts payable | 47/48 | €2,108 | - | -€2,108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,322 | +€4,322 | |
| Other operating charges | 640/8 | - | €500 | +€500 | |
| Gross operating margin | 9900 | €13,952 | €38,815 | +€24,863 | +178% |
| Operating profit (loss) | 9901 | €13,952 | €33,993 | +€20,041 | +144% |
| Financial charges | 65/66B | €23 | €439 | +€416 | +1,849% |
| Recurring financial charges | 65 | €23 | €439 | +€416 | +1,849% |
| Profit (loss) for the period before taxes | 9903 | €13,930 | €33,555 | +€19,625 | +141% |
| Income taxes | 67/77 | €2,878 | €9,625 | +€6,747 | +234% |
| Profit (loss) for the period | 9904 | €11,052 | €23,930 | +€12,878 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €11,052 | €23,930 | +€12,878 | +117% |
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 29 October 2026 via checked.be.