IPG Belgium: 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.
What changed
IPG Belgium
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.3m-€72,050
Equity
€5.6m
2024 · €10.4m-€4.8m
Cash
€10.3m
2024 · €12.0m-€1.7m
Balance sheet total
€13.9m
2024 · €15.4m-€1.6m
Largest movements
Assets
- Cash -€1.7m
down €1.7m (-14.1%), from €12.0m to €10.3m
mainly Contributions, distributions and other (-€6.0m) and Accrued charges and deferred income (-€523,969)
Equity and liabilities
- Profit (loss) carried forward -€4.8m
down €4.8m (-76.1%), from €6.3m to €1.5m
- Other debts +€3.8m
up €3.8m (+173%), from €2.2m to €6.0m
- Accrued charges and deferred income -€523,969
down €523,969 (-46.3%), from €1.1m to €607,247
Income statement
- Turnover -€612,535
down €612,535 (-6.1%), from €10.1m to €9.4m
- Services and other goods -€568,825
down €568,825 (-24.5%), from €2.3m to €1.8m
- Financial income -€146,564
down €146,564 (-35.1%), from €417,451 to €270,887
- Staff costs -€141,614
down €141,614 (-2.6%), from €5.4m to €5.3m
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.
Result 2024
€1.3m
Turnover
-€612,535
Other operating income
-€78,434
Goods and materials
+€66,442
Services and other goods
+€568,825
Staff costs
+€141,614
Depreciation
-€6,361
Write-downs
-€1,940
Other operating charges
+€3,068
Other operating items
+€566
Financial income
-€146,564
Financial charges
-€54,225
Taxes
+€47,493
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.3m
Investment
-€5,680
Financing
-€6.0m
Cash 2024
€12.0m
From operations (derived)
+€4.3m
Net result for the year
+€1.2m
Depreciation
+€89,577
Receivables within one year
-€131,359
Deferred charges and accrued income
-€76,408
Trade debts
+€118,312
Tax, wage and social debts
-€146,706
Other debts
+€3.8m
Accrued charges and deferred income
-€523,969
Investment (derived)
-€5,680
Investment in fixed assets (net)
-€5,680
Financing
-€6.0m
Debts after one year
-€394
Contributions, distributions and other
-€6.0m
Cash 2025
€10.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,424,527 | €13,861,276 | -€1.6m | -10.1% |
| Fixed assets | 21/28 | €296,924 | €213,027 | -€83,896 | -28.3% |
| Intangible fixed assets | 21 | €4,123 | €1,972 | -€2,151 | -52.2% |
| Tangible fixed assets | 22/27 | €292,801 | €211,056 | -€81,745 | -27.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €240,047 | €171,042 | -€69,005 | -28.7% |
| Other tangible fixed assets | 26 | €52,754 | €40,014 | -€12,741 | -24.2% |
| Current assets | 29/58 | €15,127,604 | €13,648,249 | -€1.5m | -9.8% |
| Amounts receivable within one year | 40/41 | €3,051,526 | €3,182,885 | +€131,359 | +4.3% |
| Trade receivables | 40 | €3,051,526 | €3,132,885 | +€81,359 | +2.7% |
| Other amounts receivable | 41 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €11,991,729 | €10,304,607 | -€1.7m | -14.1% |
| Deferred charges and accrued income | 490/1 | €84,348 | €160,756 | +€76,408 | +90.6% |
| Total equity and liabilities | 10/49 | €15,424,527 | €13,861,276 | -€1.6m | -10.1% |
| Equity | 10/15 | €10,384,209 | €5,573,714 | -€4.8m | -46.3% |
| Contributions | 10/11 | €3,725,628 | €3,725,628 | = | 0.0% |
| Reserves | 13 | €339,549 | €339,549 | = | 0.0% |
| Distributable reserves | 133 | €339,549 | €339,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,319,032 | €1,508,538 | -€4.8m | -76.1% |
| Amounts payable | 17/49 | €5,040,319 | €8,287,562 | +€3.2m | +64.4% |
| Amounts payable after more than one year | 17 | €5,998 | €5,605 | -€394 | -6.6% |
| Other amounts payable | 178/9 | €5,998 | €5,605 | -€394 | -6.6% |
| Amounts payable within one year | 42/48 | €3,903,104 | €7,674,710 | +€3.8m | +96.6% |
| Trade debts | 44 | €925,178 | €1,043,490 | +€118,312 | +12.8% |
| Suppliers | 440/4 | €925,178 | €1,043,490 | +€118,312 | +12.8% |
| Taxes, remuneration and social security | 45 | €777,926 | €631,220 | -€146,706 | -18.9% |
| Taxes | 450/3 | €269,362 | €88,420 | -€180,942 | -67.2% |
| Remuneration and social security | 454/9 | €508,564 | €542,800 | +€34,236 | +6.7% |
| Other amounts payable | 47/48 | €2,200,000 | €6,000,000 | +€3.8m | +173% |
| Accrued charges and deferred income | 492/3 | €1,131,216 | €607,247 | -€523,969 | -46.3% |
| Operating income | 70/76A | €11,787,651 | €11,096,681 | -€690,970 | -5.9% |
| Turnover | 70 | €10,060,808 | €9,448,272 | -€612,535 | -6.1% |
| Other operating income | 74 | €1,726,843 | €1,648,409 | -€78,434 | -4.5% |
| Operating charges | 60/66A | €10,410,442 | €9,638,227 | -€772,214 | -7.4% |
| Goods for resale, raw materials and consumables | 60 | €2,486,023 | €2,419,581 | -€66,442 | -2.7% |
| Purchases | 600/8 | €2,486,023 | €2,419,581 | -€66,442 | -2.7% |
| Services and other goods | 61 | €2,326,437 | €1,757,612 | -€568,825 | -24.5% |
| Remuneration, social security and pensions | 62 | €5,425,721 | €5,284,108 | -€141,614 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,216 | €89,577 | +€6,361 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,337 | €3,277 | +€1,940 | +145% |
| Other operating charges | 640/8 | €87,139 | €84,071 | -€3,068 | -3.5% |
| Non-recurring operating charges | 66A | €568 | €3 | -€566 | -99.5% |
| Operating profit (loss) | 9901 | €1,377,209 | €1,458,454 | +€81,245 | +5.9% |
| Financial income | 75/76B | €417,451 | €270,887 | -€146,564 | -35.1% |
| Recurring financial income | 75 | €417,451 | €270,887 | -€146,564 | -35.1% |
| Income from current assets | 751 | €383,306 | €241,778 | -€141,529 | -36.9% |
| Other financial income | 752/9 | €34,145 | €29,110 | -€5,035 | -14.7% |
| Financial charges | 65/66B | €43,102 | €97,326 | +€54,225 | +126% |
| Recurring financial charges | 65 | €43,102 | €97,326 | +€54,225 | +126% |
| Debt charges | 650 | €13,947 | €16,962 | +€3,015 | +21.6% |
| Other financial charges | 652/9 | €29,155 | €80,365 | +€51,210 | +176% |
| Profit (loss) for the period before taxes | 9903 | €1,751,559 | €1,632,015 | -€119,544 | -6.8% |
| Income taxes | 67/77 | €490,003 | €442,509 | -€47,493 | -9.7% |
| Taxes | 670/3 | €490,003 | €445,806 | -€44,197 | -9.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €3,296 | +€3,296 | |
| Profit (loss) for the period | 9904 | €1,261,556 | €1,189,506 | -€72,050 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,261,556 | €1,189,506 | -€72,050 | -5.7% |
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 21 October 2026 via checked.be.