Ipiresia: 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.
Ipiresia
Largest movements
- Intangible fixed assets +€53,102
new in 2025: €53,102
- Cash -€18,948
down €18,948 (-24.4%), from €77,530 to €58,581
mainly Investment in fixed assets (net) (-€62,656) and Trade debts (-€5,134)
- Receivables within one year -€13,549
down €13,549 (-42.0%), from €32,292 to €18,743
- Deferred charges and accrued income -€5,892
down €5,892 (-96.1%), from €6,134 to €242
- Profit (loss) carried forward +€21,955
up €21,955 (+28.8%), from €76,328 to €98,283
- Trade debts -€5,134
down €5,134 (-55.4%), from €9,265 to €4,131
- Tax, wage and social debts -€3,535
down €3,535 (-12.1%), from €29,325 to €25,789
- Gross operating margin -€13,000
down €13,000 (-23.8%), from €54,555 to €41,556
- Depreciation +€9,555
up €9,555 (+745%), from €1,283 to €10,838
- Taxes -€3,905
down €3,905 (-36.7%), from €10,636 to €6,730
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 | €117,918 | €131,347 | +€13,429 | +11.4% |
| Fixed assets | 21/28 | €1,962 | €53,781 | +€51,818 | +2,641% |
| Intangible fixed assets | 21 | - | €53,102 | +€53,102 | |
| Tangible fixed assets | 22/27 | €1,962 | €679 | -€1,283 | -65.4% |
| Plant, machinery and equipment | 23 | €1,962 | €679 | -€1,283 | -65.4% |
| Current assets | 29/58 | €115,956 | €77,566 | -€38,389 | -33.1% |
| Amounts receivable within one year | 40/41 | €32,292 | €18,743 | -€13,549 | -42.0% |
| Trade receivables | 40 | €32,292 | €18,743 | -€13,549 | -42.0% |
| Cash at bank and in hand | 54/58 | €77,530 | €58,581 | -€18,948 | -24.4% |
| Deferred charges and accrued income | 490/1 | €6,134 | €242 | -€5,892 | -96.1% |
| Total equity and liabilities | 10/49 | €117,918 | €131,347 | +€13,429 | +11.4% |
| Equity | 10/15 | €79,328 | €101,283 | +€21,955 | +27.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,328 | €98,283 | +€21,955 | +28.8% |
| Amounts payable | 17/49 | €38,590 | €30,064 | -€8,526 | -22.1% |
| Amounts payable within one year | 42/48 | €38,590 | €30,064 | -€8,526 | -22.1% |
| Trade debts | 44 | €9,265 | €4,131 | -€5,134 | -55.4% |
| Suppliers | 440/4 | €9,265 | €4,131 | -€5,134 | -55.4% |
| Taxes, remuneration and social security | 45 | €29,325 | €25,789 | -€3,535 | -12.1% |
| Taxes | 450/3 | €29,325 | €25,789 | -€3,535 | -12.1% |
| Other amounts payable | 47/48 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,283 | €10,838 | +€9,555 | +745% |
| Gross operating margin | 9900 | €54,555 | €41,556 | -€13,000 | -23.8% |
| Operating profit (loss) | 9901 | €53,272 | €30,718 | -€22,554 | -42.3% |
| Financial income | 75/76B | €166 | €26 | -€140 | -84.2% |
| Recurring financial income | 75 | €166 | €26 | -€140 | -84.2% |
| Financial charges | 65/66B | €2,258 | €2,058 | -€200 | -8.9% |
| Recurring financial charges | 65 | €2,258 | €2,058 | -€200 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €51,180 | €28,686 | -€22,494 | -44.0% |
| Income taxes | 67/77 | €10,636 | €6,730 | -€3,905 | -36.7% |
| Profit (loss) for the period | 9904 | €40,544 | €21,955 | -€18,589 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,544 | €21,955 | -€18,589 | -45.8% |
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 25 October 2026 via checked.be.