IPENSAERT CONSULTING: 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.
IPENSAERT CONSULTING
Largest movements
- Cash +€15,900
up €15,900 (+8.0%), from €198,378 to €214,278
mainly Other debts (+€194,625) and Net result for the year (+€51,475)
- Receivables within one year +€4,866
up €4,866 (+15.8%), from €30,732 to €35,598
of which Trade receivables: +€4,356
- Other debts +€194,625
up €194,625 (+623%), from €31,257 to €225,882
- Profit (loss) carried forward -€174,165
down €174,165 (-100%), from €174,165 to €0
- Gross operating margin +€31,932
up €31,932 (+78.1%), from €40,869 to €72,801
- Taxes +€6,106
up €6,106 (+77.3%), from €7,896 to €14,001
- Other operating charges +€2,600
up €2,600 (+303%), from €858 to €3,458
- Depreciation +€835
up €835 (+44.7%), from €1,868 to €2,704
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 | €236,209 | €255,485 | +€19,276 | +8.2% |
| Fixed assets | 21/28 | €6,779 | €5,347 | -€1,432 | -21.1% |
| Tangible fixed assets | 22/27 | €6,779 | €5,347 | -€1,432 | -21.1% |
| Furniture and vehicles | 24 | €6,779 | €5,347 | -€1,432 | -21.1% |
| Current assets | 29/58 | €229,430 | €250,139 | +€20,709 | +9.0% |
| Amounts receivable within one year | 40/41 | €30,732 | €35,598 | +€4,866 | +15.8% |
| Trade receivables | 40 | €26,378 | €30,734 | +€4,356 | +16.5% |
| Other amounts receivable | 41 | €4,354 | €4,864 | +€510 | +11.7% |
| Cash at bank and in hand | 54/58 | €198,378 | €214,278 | +€15,900 | +8.0% |
| Deferred charges and accrued income | 490/1 | €320 | €263 | -€57 | -17.8% |
| Total equity and liabilities | 10/49 | €236,209 | €255,485 | +€19,276 | +8.2% |
| Equity | 10/15 | €194,625 | €20,460 | -€174,165 | -89.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,165 | €0 | -€174,165 | -100% |
| Amounts payable | 17/49 | €41,584 | €235,025 | +€193,442 | +465% |
| Amounts payable within one year | 42/48 | €41,584 | €235,025 | +€193,442 | +465% |
| Trade debts | 44 | €929 | €731 | -€198 | -21.4% |
| Suppliers | 440/4 | €929 | €731 | -€198 | -21.4% |
| Taxes, remuneration and social security | 45 | €9,398 | €8,412 | -€985 | -10.5% |
| Taxes | 450/3 | €9,398 | €8,412 | -€985 | -10.5% |
| Other amounts payable | 47/48 | €31,257 | €225,882 | +€194,625 | +623% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,868 | €2,704 | +€835 | +44.7% |
| Other operating charges | 640/8 | €858 | €3,458 | +€2,600 | +303% |
| Gross operating margin | 9900 | €40,869 | €72,801 | +€31,932 | +78.1% |
| Operating profit (loss) | 9901 | €38,142 | €66,639 | +€28,496 | +74.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,400 | €1,163 | -€237 | -16.9% |
| Recurring financial charges | 65 | €1,400 | €1,163 | -€237 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €36,743 | €65,476 | +€28,733 | +78.2% |
| Income taxes | 67/77 | €7,896 | €14,001 | +€6,106 | +77.3% |
| Profit (loss) for the period | 9904 | €28,847 | €51,475 | +€22,628 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,847 | €51,475 | +€22,628 | +78.4% |
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 15 October 2026 via checked.be.