IPF-I Feeder GP: 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.
IPF-I Feeder GP
Largest movements
- Cash +€31,232
up €31,232 (+313.6%), from €9,960 to €41,192
mainly Contributions, distributions and other (+€30,000) and Net result for the year (+€3,321)
- Receivables within one year +€3,097
up €3,097 (+2475.8%), from €125 to €3,222
of which Trade receivables: +€3,025
- Financial fixed assets -€1,045
down €1,045 (-5.1%), from €20,508 to €19,462
- Contributions +€30,000
up €30,000 (+100.0%), from €30,000 to €60,000
- Profit (loss) carried forward +€3,321
up €3,321, from -€1,592 to €1,729
- Tax, wage and social debts -€847
down €847 (-61.7%), from €1,372 to €525
- Trade debts +€809
up €809 (+99.5%), from €813 to €1,622
- Gross operating margin +€1,170
up €1,170 (+54.7%), from €2,140 to €3,310
- Other operating charges -€1,025
down €1,025 (-65.4%), from €1,568 to €543
- Financial income +€615
up €615 (+423.5%), from €145 to €760
- Purchases and services -€360
no longer reported in 2026 (was €360)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,593 | €63,876 | +€33,283 | +108.8% |
| Fixed assets | 21/28 | €20,508 | €19,462 | -€1,045 | -5.1% |
| Financial fixed assets | 28 | €20,508 | €19,462 | -€1,045 | -5.1% |
| Current assets | 29/58 | €10,085 | €44,414 | +€34,329 | +340.4% |
| Amounts receivable within one year | 40/41 | €125 | €3,222 | +€3,097 | +2475.8% |
| Trade receivables | 40 | - | €3,025 | +€3,025 | |
| Other amounts receivable | 41 | €125 | €197 | +€72 | +57.4% |
| Cash at bank and in hand | 54/58 | €9,960 | €41,192 | +€31,232 | +313.6% |
| Total equity and liabilities | 10/49 | €30,593 | €63,876 | +€33,283 | +108.8% |
| Equity | 10/15 | €28,408 | €61,729 | +€33,321 | +117.3% |
| Contributions | 10/11 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Capital | 10 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Issued capital | 100 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Profit (loss) carried forward | 14 | -€1,592 | €1,729 | +€3,321 | |
| Amounts payable | 17/49 | €2,185 | €2,147 | -€38 | -1.7% |
| Amounts payable within one year | 42/48 | €2,185 | €2,147 | -€38 | -1.7% |
| Trade debts | 44 | €813 | €1,622 | +€809 | +99.5% |
| Suppliers | 440/4 | €813 | €1,622 | +€809 | +99.5% |
| Taxes, remuneration and social security | 45 | €1,372 | €525 | -€847 | -61.7% |
| Taxes | 450/3 | €1,372 | €525 | -€847 | -61.7% |
| Turnover | 70 | €2,500 | €2,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €589 | +€589 | |
| Goods, raw materials, services and sundry goods | 60/61 | €360 | - | -€360 | |
| Other operating charges | 640/8 | €1,568 | €543 | -€1,025 | -65.4% |
| Gross operating margin | 9900 | €2,140 | €3,310 | +€1,170 | +54.7% |
| Operating profit (loss) | 9901 | €572 | €2,767 | +€2,195 | +383.6% |
| Financial income | 75/76B | €145 | €760 | +€615 | +423.5% |
| Recurring financial income | 75 | €145 | €760 | +€615 | +423.5% |
| Financial charges | 65/66B | €206 | €206 | = | 0.0% |
| Recurring financial charges | 65 | €206 | €206 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €511 | €3,321 | +€2,809 | +549.4% |
| Profit (loss) for the period | 9904 | €511 | €3,321 | +€2,809 | +549.4% |
| Profit (loss) for the period to be appropriated | 9905 | €511 | €3,321 | +€2,809 | +549.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.